The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTER

ARTICLE V-All the corporate powers OF
this corporation shall be vested in and eN-
ercised by a Board Of Directors. which shall
be composed OF not less than Four (D nor
more than Seven % members who shall each
be a bona fide stakeholder in said corpora
ton; it shall be necessary that there be
three f0urths Of the members OF the Board
present at any meeting in order TO const
tute a quorum for the transaction Of any buSl-
ness; the first Board Of Directors shall be as
follows: George T. Powers, No. 1922 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 2nd day of Janu-
airy, 1890 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 the 2nd day of Janu-
airy, OF each year starting on January Ind;
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 dent and Sec
rotary Treasurer, and until the first regular
election on the End day Of January, 1920, the
following shall serve as officers: George l..
Powers, President, No 3l22 Delachaise Street,
New Orleans, La; L. II. Stengel, Vice Presi-
dent, No. 2o27 Louisiana Avenue, New Or
leans, La; b. A. Graci, Secretary-Treasurer,
No. 8l5 Baronne Street, New Orleans, La:
In case of a 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
further than the unpaid balance, If any
due the Corporation on the stock for which
he has subscribed; nor shall any stockhold
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 II. Feitel and Frances Zimmerman
competent witnesses, who have signed this
scribers and me, Notary, after reading Of
the whole.
(Signed) Names of subscribers ant
amounts of subscriptions omitted.
Witnesses: Nathan H. Feitel, France:
| Zimmerman.
THOs. E. FURLow,
Notary Public.
I, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, State o.
| Louisiana, do hereby certify that the abov,
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, by. R.
| A true copy of the original
THOS. (. FURDOW,
Notary Public.
| June 12-l9-26- July 3-10-7.