The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-18
CHARTER OF STUFF SOUTHERN SALES
COMPANY, INCORPORATED.

|
COMPANY, INcURPORATED.
United States of America. State of Louis
lana, Parish OF Orleans, City of New Or
leans. BE it known, that on this 5th day
of September, 1919. before me, Edward
Rightor, a Notary Public, duly commissioned
and qualified, in and for the Parish anC
State aforesaid, therein residing, and in tn,
presence of the witnesses hereinafter named
and undersigned, personally came and ap
peared; the persons whose names are here
unto subscribed, all of the full age of ma
Jorlty and residents OF this city, who sew
orally declared that. availng themselves o.
| the provisions of Act No. 267 of the Genera
Assembly of Louisiana OF 1914, they do, by
| these presents, covenant and agree and bind
| themselves, well as such other persons as
may become hereafter associated with them
| IN order TO form and constitute corporation
| or body polite in law, for the objects and
purposes and under the stipulations follow
ing:
| ARTICLE 1.-The name and title of this
corporation shall be: 'Stutz Southern Sales
| Company, Incorporated" of New Orleans.
La and under that name it shall have and
ENJOY all the rights, privileges and adyan-
tageS granted by law to corporations. and
shall have the power and authority 10 en-
JOY succession and corporate existence for
ana during the period of ninety-nine wears
from the date hereof. unless sooner dissolved
Said corporation shall have power and Az
thority TO contract; to and be sued; to
make and use a corporate seal, and the same
70 break, alter or amend at pleasure; 10 hold
receive, purchase, convey, deliver, mortgage
hypothecate and pledge any properly, real
or personal and to issue notes and other
obligations negotiable instruments or other
evidences of debt; to have and employ such
managers agents and other employees as
the interest and convenience of said cor
poraton may require demand and to make
and establish such bylaws rules and regu-
IauonS tor the corporate management and
control OF ITS affairs as may be deemed nee
cssary and expedient
ARTICLE 1.-THE domiciIe Of this cor.
poration shall be in the city of New Or
leans ParlSh OF Orleans. State of Louisiana.
and all citations and other legal process
shall be served on its President, or in the
event of his absence, upon the Secretary
Treasurer.
ARTICLE III-The objects and purnoses
tor which this corporation is formed and the
nature of the business to be carried on by il
are hereby dec Jared to be: To act as agent
new and second hand automobiles trucks
and other self-propelled vehicles of everv
description; 10 own and operate garages and
bonded warehouses for the storage of auto.
MOBILES trucks an dother self propelled We
hlCIes IN bond; TO repair automobiles trucks
and other self propelled vehicles; and 10
handle agent or otherwise, automobile
truck and other self propelled vehicle asces.
sores OF every description: and generally to
do all things necessary and proper pertai,
ing or incident TO such business said cor.
poratior shall have power to conduct bust
ness IN the State OF louisiana in the
United States and its territories and pos
sessions, and in foreign countries.
ARTICLE IV.-The capital stock of this
corporation IS hereby fixed at the sum of
len thousand (SlO00m Dollars. divided
into and represented by One Hundred NOO
shares OF the par value of One Hundred Dol
lars $4,000 each. Which stock nav be
paid for in cash, property. or good will. un-
der such terms and conditions as the Board
OF Directors may see fit. The capital stock
OF this corporation may be increased, from
time TO time. to a sum not TO exceed Fifty
Thousand (S5O,OOOO) Dollars, on a two.thirds
vote of the stockholders
Such stock shall be full paid and nom
assessable: All stock OF this corporation,
provided for herein or that which NAV here.
after be issued, shall be valid only if signed
by the President and counter-signed bv the
Secretary Treasurer. All transfers of stock
shall be valid and binding only when made
on the books of the corporation Before anv
stakeholder shall sell or dispose of his stocL
IN the corporation, he shall give thirty DAYS
written notice of his intention so TO do 10
the corporation, during which thirty DAYS
the corporation itself shall have the RIGHT 81
purchasing the stock at its book value
This corporation shall begin business as soon
as FIVE Thousand (S5,0OO0O) Dollars of The
capital stock has been subscribed. as pro-
vided for in Section ?. Act 267 of the Gen
eral Assembly OF the State of Louisiana for
the year 1914
, ARTICLE V.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by Board of Directors. to be COM
posed of four stockholders each of whom
snail own IN his own right at least one full
PAID unpledged share of the capital stock |
two members of whom shall constitute a mo. |
rum for the transaction of business. The |
annual meeting of the stockholders shall he |
held on the 18th of August of each year, |
'r the first working day thereafter The first |
election for directors under this charter shall |
be had, by ballot, at the annual meeting of |
the stockholders, to be held on the 3lst of |
December, 1919, and annually thereafter No |
ice OF such meeting, in writing. shall be |
gwen to each stakeholder by mail addressed |
It least fifteen days before the date of such |
Meeting.
At all such elections and at all meetings
# the stockholders, every stakeholder shall
le entitled to one vote for each share of
he stock standing in his name on the books
Il the corporation at the date of such cleo.
ION or meeting; said votes may be cast
n person or by proxy, the said proxy to
,e IN writing, and a majority of votes cast
nail elect All meetings of directors shall
e neId al the domicile OF the corporation
nless all the directors shall in writing con. /
ent otherwise. The failure to elect direc-
ors at the annual meeting shall not dis
olive this corporation nor impair its manage
lent IN any way, but the directors then in
ttice shall remain in office until their sue
essors are elected and qualified.
The Board of directors at their first meet
1g following each election shall elect from
heir number a President and A Secretary ,
reasurer, and the board shall have the =
over to fix the salaries of such officers and
gents as they deem necessary. Vacancies
ccurrlng in the board of directors NAV be
lied until the next ensuing meeting of the
.ockholders by the remaining directors or | l
lrector, whether a quorum remain or not | I
pecial meetings of the stockholders NAV be
allied by the Board at any time. and Shall e
called at the instance of the shareholders /
olding twenty five per cent of the stock of |
lie corporation, and of all such meetings "
otice shall be given in the manner provided 5
n herein. o
Until the meeting of the stockholders for v
ection of directors 10 be held under t1is c
larter on the 3lst of December, 1919 or un- v
their duly qualified successors are elect h
and installed, the Board of Directors shall Ip
composed of: H. A Soulie S56 Pine St; I
7. L. Snder, l4l9 Pine St; w. C. Mat IL
ews, PIG n. Cortez St, and N F. Muller. lp
18th the said w. L. Snider as President and e
e said II. A. Soulie as Secretary Treasurer. o
ARTICLE VI.-This act of INCORPORATION D
ay be modified, changed altered or this T
rporatlon may be dissolved, or the capital :
ay be increased in accordance with law with
e assent of two-thirds of the amount OF :,
nfN