The herald., 1919-01-02
Louis F. Martin, Jr.
Expert Automobilist
519-521 Burgundy Street
Phone Main 1867
CHARTER

qualified. The said directors shall select
from their number a President, VICE
President and a Secretary Treasurer, and
shall have the further right to separate the
office of Secretary-Treasurer, or may select
a Secretary who is not stakeholder. The
said board shall have the right to fill vacan-
cies occurring on said board. and directors
representing majority OF the issued CAPT
tai stock shall be present at any meeting OF
the Board of Directors to constitute quorum
The said directors shall have the right to
adopt bylaws, rules and regulations for the
proper conduct of said business, and the
same to alter at pleasure, to borrow money
execute mortgages, issue notes pledges,
bonds or other obligations, it thinks proper
without reference to the stockholders. They
shall have control over the issuance of the
above capital stock so that any stakeholder
desiring to dispose of his stock shall first
offer the same to the Board of Directors
for the benefit of the corporation. who with
in ten days, from said offer shall have the
right to purchase said stock according TO
the books of said company, at last inventory
and stocktaking. but should said corpora
ton refuse to purchase said stock after said
delay, then said stock may be sold TO the
other stockholders the same basis as the
offer to the company. and in event OF no
purchase by said stockholders than said
stock may be sold in open market. Until the
election to be held on the first Monday OF
January, 1920, the following shall constitute
the first Board of Directors, to-wit: Frank
l " j.
Olberding, with said Frank X. Dufour as
President, Paul ]. Dufour as Vice President
and Leon L. Olberding as Secretary Treas
urer.
ARTICLE VINO stakeholder shall ever
be held liable or responsible for the con-
tracts or faults of this corporation in any
further sum than the unpaid balance due on
the shares of stock subscribed for by him, nor
shall any mere informality in its organiza-
ton have the effect of rendering this char
all ~ oil 30
any liability beyond the amount of his
stock.
ARTICLE Widths act of Incorporation
may be amended. and its capital stock in
creased, the corporation may be dissolved.
in the manner now provided by law. Upon
the dissolution OF the corporation, its affairs
shall be liquidated by three commissioners
TO be appointed at a meeting of the stock
holders convened for liquidation, TO be
| elected by vote of all the stockholders.
the affairs of said corporation shall be
] fully settled and liquidated, and they shall
| have full power to transfer and give title &c
| all the property and assets of the corpora
ton. at public Or private SAFE, and to dis
tribute the proceeds. In case of death Of
disability or resignation o, any of SAID
commissioners, the vacancy shall e FILES
| by the survivor OF survivors.
Thas done and passed in my office. on tn,
day, month and year first above written, il
the presence of Daniel ]. Murphy ann'
George Keller, competent witnesses, VIII
have signed with the appearcrs and me, TIL
Notary, after reading the whole.
Original Signed Frank X. Dufour, 26l
Lepage St, 49 shares; Paul J. Dufour. 70
Gov Nichols, 49 shares; Leon L. Olberdins
ZIG " Lopez ST., shares. Witnesses: Oar
iel J. Murphy. Geo. Keller.
A. GUDLBAULT, Notary Public.
I, the undersigned Recorder of Mortgage
, in and for the Parish of Orleans, State {
Louisiana, do hereby certify that the aboy