The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTERS.
CHARTER OF THE GENERAL AUT0M0-
BILE COMPANY, INCORPORATED.

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known, That this 10th
day of the month of September, in the year
of our Lord the one thousand nine hundred
and nineteen, and of the Independence of the
United States of America the one hundred
and forty-third, before me, Arthur A Moreno,
Notary Public, duly commissioned and
qualified, in and for this City and the Par
ish of Orleans, therein residing, and in the
presence of the hereinafter named and I'M
derSigned witnesses, personally came and ap
peared the following persons whose names
are hereunto subscribed, together with the
amounts of their respective subscriptions to
the capital stock of the corporation TO be
formed, who severally declare that availng
themselves of the provisions of the general
laws of the State of Louisiana relative to
the organization of corporations they have
covenanted and agreed, and do by these
presents covenant and agree, and bind and
obligate themselves, as well as such other
persons as may hereafter become associated
with them or their successors, to form and
constitute themselves into a corporation and
body polite in law, and for the objects and
purposes and under the agreements and
stipulations following, towit:
ARTICLE 1.-The name and title of this
corporation shall be the General Automobile
Company, and by that name said cor
poration shall have power and authority
to have and enjoy succession for the full
term of ninety-nine years FROM the date
hereof; to'contract, sue and be sued; to bor-
row money; to make and issue its negotiable
promissory notes or other evidence of in
debtedness; to create debts; to make and use
corporate seal; to purchase and receive,
lease, hold, sell and convey, as well as mort
gage and hypOthecate, property, real, person
al and mixed; to name and appoint such Of
ficers and agents as the interest of said
corporation may require; and to make and
establish such bylaws and regulations for
the proper management and regulation of its
affairs as may be deemed necessary, and
the name to change, alter and amend at
pleasure.
ARTICLE 1.-THE domicile of this corpora
ton shall be in the City of New Orleans,
Parish of Orleans, and all citations and
other legal process shall be served upon the
president of said corporation, or in case OF
his absence, upon the president, or, in
case of absence of both of these officers
upon the treasurer hereof. ~
ARTICLE III.-The objects and purposes
which this corporation is established, and
the nature of the business to be carried on
by it, are declared to be TO carry on d
general automobile business to buy and sell
| automobiles, tires, parts and accessories and
generally to do all and everything in con-
nection with the operation ot an automobile
business, to operate garage. or garages
| for the storing OF automobiles, TO repair
automobiles and generally to d. all and
| every act necessary and usually done IN the
operation of a bonded warehouse for The
| storage of automobiles and automobile parts
ARTICLE IV-The capital stock of hi:
corporation shall be Fifty thousand ESQ.,.
600 00) dollars, divided into five hundred
shares $500 of the par value OF One hun
| dred $4,000 dollars each, and may be IN
creased to the of One hundred thousand
| GIQo,GO.OO dollars, divided INFO one thousand
| q 600 shares of the par value of One Hun
d.c1 $4,000 dollars each, and thi: corpora
| tio1 is = be a going concern when one Z i
of the capital stock has ben subscribed for
! Each sharet OF said stock shall be entitled t.
one "a vote, either in person or by proxy
| at all general elections or meetings of tn,
| stockholders.
Should the capital stock of this corporation
ever be increased over the sum OF Fifty
| Thousa (S5eOOOOO dollars, then such add
tional shares of stock that may be issue!
| shall first be offered to the holders of stool
| at the time of issuance at the book value
| of said new stock in the proportion in whicl
| the said stockholders shall at the time
issuance hold stock in this corporation.
| ARTICLE V.-No stakeholder shall eve
| be held liable or responsible for the IN
| debtedness faults or defaults of this cor
| poration, nor shall any mere informallty II
| the organization of the corporation have tn
| effect of rendering the charter null or o
| exposing the stockholders to any hadn't.
beyond the unpaid balance, if any, on hi
| stock subscription. Should any stockholde
| desire to sell his stock, he shall first offe
the same to the stockholders of the compan,
| at its book value through its board of dlrec
tors and the stockholders who desire to pur
chase shall have the right to purchase tn
same in the proportion to their holdings Q
stock in the company. Should SAID stock
holders in fifteen days after the notice nav
ing been given, in writing, fail or refuse I
purchase the stock offered for sale, sue
stock may be sold to any one. No transie
of stock shall be made or held to be vail
and binding unless made in pursuance OF tn
provisions of this charter.
ARTICLE VI.-This corporation shall hav
all powers granted to such corporations b
l law and shall have the power to contrac
sue and be sued in its corporate name an
to own, hold, receive, loan, lease, purchase
sell and convey or mortgage any and all
its effects, or to hyPethecate its propert
and TO do any and all acts and things {
any other kind, nature description, as ma
be necessary to carry out the objects an
purposes of said business as its interests an
conveniences may require
ARTICLE VII-The business of this co
poration hall be directed by and veste
in board Of directors of four members, thre
of whom shall constitute quorum tor tn
transaction of business, and the said dire'
tors as first constituted shall be Edwar
Jumonville, Henry ]. Jumonville, John
Diasselliss and George A. Diasseliss, an
they shall hold office until the first lue
day in September 1920, and on that da
and on the same day thereafter, electior
shall be held annually for directors at II
principal office of the corporation. Failui
to hold an election on the day specified sha
not dissolve the corporation, but the d
rectors shall hold their respective ott,ct
; until an election shall be held after thirt
J days notice of the time and place theret
given to each stakeholder. The annu
; election shall be held on the first Tue
day in September, 1920, and thereafter
the first Tuesday of September of each su
ceeding year, and the election shall be hel
between the hours of ten and twelve a. 7
All vacancies on the board of directors Il
whatever cause shall be filled by the r
manning directors.
| Edward Jumonville shall be the first pres
dent; Henry ]. Jumonville shall be the tir
vice president; John L. Diasselliss shall |
| the first second vice-president, and Geors
A. Diasselliss shall be the first treasure
and Nicholas Clements shall be the fir
secretary. and they shall hold office unit
the first Tuesday in September, 1920, or unit
their successors are elected, and each su
, ceeding board of directors shall elect /
: principal officers for the term of their ele
ton and only stockholders shall be eligib
] for election as member of the board
, directors The secretary need not be
stakeholder or member of the board OF d
rectors and any vacancy in that office sha
be filled by the board. Directors may a
. either in person or by proxy.
ARTICLE VIII.-Whenever this corpor
ton is dissolved, either by limitation or +
any other cause, its affairs shall be hqu
dated nv the board of directors, who a