The herald., 1919-07-17
CHARTER.

! engage in any business connected with o
growing out of any of the above mentioned
| objects.
ARTICLE IV-The capital stock of Thu
! Corporation is hereby declared to be Sixteer
Thousand (sl6OOOOO Dollars, and may b,
increased to Fifty Thousand (s50OOO.OO Dol
| lars; said stock is divided into and repre-
| scented by One Hundred and Sixty Q6o
shares of the par value of One Hundred
| $4,000 Dollars each; said stock shall b.
issued for cash or for property or for othei
rights purchased; there shall b. no issue o.
preferred stock.
ARTICLE Vail the corporate powers Of
this corporation shall be vested in and ex
ercised by Board of Directors, which shall
be composed of not less than Four 4) moi
more than Seven CD members who shall each
be bona fide stakeholder in said corpora
ton; it shall be necessary that there be
ee-fourths of the members of the Board
present at any meeting in order to consti
tute quorum for the transaction of any bust
ness; the first Board of Directors shall be as
follows: George E. Powers, No. 1922 Della
chaise Street, New Orleans, La; B. A.
Graci, No. Sl3 Baronne Street, New Orleans
nue., New Orleans, La, and they shall hold
offices and serve until the End day of Janu.
airy, 1920, and continue TO hold office until
other successors shall have been duly elect.
ed. The Board of Directors shall be elect
ed by the vote of stockholders of the Cor
poration at general meeting held for this
purpose to be held on the End day of Janu.
airy. OF each year starting on January End
1920 unless said day be legal holiday, and
then on the next bank day thereafter.
The Board of Directors at each of its an
nual meetings shall elect from their number
President, a Vice-President, and Sec
retary-Treasurer, and until the first regular
election on the End day of January, 1920, the
following shall serve as officers: George E.
Powers, President, No. 3l22 Delachaise Street,
New Orleans, La; L. H. Stengel, Vice Presi-
dent. No. 1927 Louisiana Avenue, New Or
leans, La; B. A. Graci, Secretary-Treasurer,
No. sl3 Baronne Street, New Orleans, La.
In case of vacancy occurring in the Board
OF Directors or any of the offices of this
Corporation, the same Hay be filled by a
vote of the Board of Directors at a special
meeting called by the Board of Directors
for this purpose.
ARTICLE Vino subscriber for stock
shall ever be held liable for the contracts,
.auts or debts of said Corporation in any
further sum than the unpaid balance, if any
due the Corporation on the stock for which
he has subscribed; nor shall any stockhold-
er ever be held liable for such contract,
fault or debt, in any further sum than the
unpaid balance if any on the stock owned
by him; nor shall any mere informality in
organization have the effect of rendering
this charter null, or rendering any subscrib
er liable beyond the unpaid amount, if any
remaining due on the books.
=, Thus done and passed at my office in
the City OF New Orleans, the day and
date first above written, in the presence of
Nathan H. Feitel and Frances Zimmerman,
competent witnesses, who have signed this
Act, together with the said original sub
seribers and me, Notary, after reading of
the whole.
tSigneO Names of subscribers and
amounts of subscriptions omitted.
witnesses: Nathan II. Feitel, Frances
Zimmerman
THOS. E. FJRLOW.
Notary Public.
/, the undersigned Recorder of Mortgages,
IN and for the Parish of Orleans, State of
louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
Powers Motor Car Co., Inc, was this day
duly recorded in my office, in Book 1928,
Folio 562. '
New Orleans, June 2, 1919.
EMILE J. LEONARD, DIV. R.
true copy of the original.
THOS. Z. FURLOW,
June 12l9-3-July 3-l0H