The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-10
CHARTER

ARTICLE V.-All 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 % nor
more than Seven % members who shall each
be bona fde stakeholder in said corpora
ton; it shall be necessary that there be
three -fourths of the members OF the Board
present at any meeting in order TO consti-
tute a quorum for the transaction OF any bust
ness; the first Board of Directors shall be as
follows: George E. Powers, No. 3l22 Della
chaise Street. New Orleans, La; B. a.
Graci, No. 813 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 a 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
a President, a Vice-President, and Sec
rotary 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 may 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,
-aults 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 II any on the stock owned
by him; nor shall any mere infornality 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, on the day and
date first above written, in the presence Of
Nathan II. Feitel and Frances Zimmerman,
competent witnesses, who have signed this
Act together with the said original sub
scribers and me, Notary, after reading Of
the whole.
(Signe6 Names of subscribers and
amounts of subscriptions omitted.
Witnesses: Nathan H. Feitel, Frances
THOS. E. FURLOW,
Notary Public
I, 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 122S
Folio 562.
New Orleans, June 2, 1919.
EMILE J. LEONARD, by. R.
A true copy of the original.
THOS. Z. FURLOW,
June 12-19-26- July 3-1O-17.