The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12
CHARTER

! increased to Fifty Thousand (S50OOO0W Dol.
| lars; said stock is divided into and repre-.
| sented by One Hundred and Sixty Q6O)
shares of the par value OF One Hundred
| ($lO0O) Dollars each; said stock shall be
issued for cash or for property or for other
rights purchased; there shall be no issue OF
preferred stock.
ARTICLE V.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by a Board of Directors. which shall
be composed of not less than Four ca nor
more than Seven Cd members who shall each
be a bona fde stakeholder in said corpora
ton; it shall DE necessary that there be
three -fourthS OF the members of the Board
present at any meeting in order to const-
tute quorum fer the transaction of any bust
ness; the first Board of Directors shall be as
follows: George f. Powers, No. 3l22 Della
chaise Street, New Orleans, La; B. A.
Graci. No. Sl5 Baronne Street. New Orleans,
La; l.. ii. Stengel. No. 1927 Louisiana Ave
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 2nd 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
rotary Treasurer. and until the first regular
election on the End day Of January, 1920, the
following shall serve as officers: George +.
Powers, President, No. 1922 Delachaise Street,
New Orleans. La; L. II. Stengel. Vice-Pres-
dent, No. 1927 Louisiana Avenue, New Or
leans, La: b. A. Graci, Secretary Treasurer,
No. s15 Baronne Street, New Orleans. La
In case of a vacancy occurring in the Board
OF Directors or any OF the oftlces OF this
Corporation. the may be filled by a
vote of the Board of Directors at a special
meeting called by the Board of Directors
for this purpose.
shall ever be held liable for the contracts,
faults or debts of said Corporation in any
further 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 debt, in any further sum than the
unpaid balance If any 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
due 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 H. Feitel and Frances zimmerman. |
competent witnesses, who have signed this |
Act. together with the said original SUBJ
'cribers and me, Notary, after reading Of
he whole.
(Signed Names of subscribers and
amounts Of subscriptions omitted
Witnesses: Nathan II. Feitel, Frances
Zimmerman.
TIIOS. Z. FURLOW,
Notary Public.
l, the undersigned. Recorder of Mortgages,
n and for the Parish of Orleans, State of
louisiana, do hereby certify that the above
nd foregoing Act of Incorporation of the
lowers Motor Car Co., Inc, was this day
uly recorded in my office, in Book 1928,
folio S62
New Orleans, June 2, 1919
EMILE ]. LEONARD, by. R.
A true copy of the original
THOS E. FURUOW,
Notary Public
June r. 8. Iulv S-1OI7