The herald., 1920-09-09
CHARTER.

have hold lease. purchase, sell mortgage
or pledge property Of any KIND, II may
borrow or lend money upon security and
endorse for other persons or corpora
tons. il may sue ana be sued ana may
have and use corporal" seal II ma!
have all such other rights ana powers as
now or may hereafter be enjoyed by SIN
liar corporations organized under III"
laws Of this state.
ARTICLE III-Thc objects and pur-
poses tor which this corporation IS organ
izaJ ana the nature Of the business 10
be carried on by il are hereby declared
to be: To engage in III" auto livery
business. TO let and hire automohlIrs
to the public; to buy, sell and trade M
automobiles and their accessories and
generally To do any and all things that
may be necessary or convenient 20 i''
carrying out of these purposes
ARTICLE IN.--The capital stock or thi~
corporation is hereby fixed NJ five thou.
sand dollars (SjOOOOOl. divided into ana
represented by fifty shares of the par
value OF one hundred dollars EIuol go, H.
said capital may bc increased to q max
imum of twenty-five thousand dollars.
The subscriptions set opposit" the name
Of the subscribers hereto show that III
per cent. OF said capital has been SUB
>cribrd to; and said subscribers nav"
paid one-half of the amount ot thtir
respective subscriptions by the transfer
ana delivery to this corporation OF ,'u'o
mobiles which are accepted 10y the fOtrd
of Directors at the following valuations.
cine balance being paid IN cash. iurhi-
turp ctcD. tOwit.
Four Ford nye-paSs'nger auLomo-
bilrs Motor Nos. 3NtSttH
3NSi67G. 3SSJIOl. and 3N6S630. to-
grthcr with attachments ana .,-,.,
purttuauCpS. valued met at. -Si-t,'C ~
office fixtures and stationery SOC. 90
5000 o.
ARTICLE V.-The business and affair."
of this corporation shall he managed ana
conducted by a Board of Directors con
siSting of three stockholders. jacques
MosSlrr Samuel MUScOVitZ aud Mrs. I've
lyn NJ Nos>lcr, all Of New Orleans, shaIl
constitute the first Eoard OF directors
They shall hold office until the second
Monday in August. 1871. OF uhui lhrir
successors shall be elected ana Pnal',i,nI
ON the second Monday in August. 1871
and annually thereafter, an election LOT
Directors shall be held az the Office OF
the corporation after notices shan nave
h,,u given to all stockholders by nall M
least ten days prior thereto. ~ az
elections stockholders shall be allowed
one vote for each share OF STOCK htdhHlnE
i'm his name on the books OF the COMPANY .
In CA -. of a vacancy on the BOARD OF III
ra,tors or Officers. il shall be filled by
the remaining Directors from among the
stockholders, for the remainder OF the
term of the Director or oIll'tr "hoS'
vacancy is SO filled.
ARTICLE VI-The officers of this
coronation shall consist of President.
Secretary and Treasurer. The Board oil
Directors may. in its discretion. create
! the office of Vice President. The ofl1crS
of Secretary and Treasurer may be heIi
! by the same person. Until the SECOND
/ Monday of August. 1921. or until their
! successors are elected Mr.. Jacques Moss,
/ Ter shall be President and MIR Samuei
/ Moscoyitz shall he Secretary ana Treas
! urer on the second Monday in August:
! 1921 Immediately after the election "I
/ directors. and annually thereafter, the
/ Board of Directors elected at such annual
/ meeting shall select from their own
member the President and Secretary and
] Treasurer. -.
! ARTICLE VII.-Two members OF the
/ BOARD of Directors shall constitute q
/ quorum for the transaction OF all busl,
! ness. Said Board may adopt code OF
/ bylaws and amend or change the same
| at their discretion.
| ARTICLE NIn.-Thls charter may DC
amended in all particulars as provided
| by law. and the corporation may be dis
solved by complying with the legal pro,
visions on that subject. In the event OF
! a voluntary liquidation, the stockholders
| shall select from their number, two liquid
| ators who shall be vested with ful
! power to settled its affairs by the sale
of its assets and payment of its obliga'
/ tions.