The herald., 1920-01-29
CHARTER.
tary. or, in the presence Of both upon the
Treasurer

| treasurer.
ARTICLE III-The objects and pur-
| poses or this corporation, and the nature
| of the business to be carried on by II. are
| hereby declared to be, to engage in ma
| chine and electrical work; to buy sell,
repair and generally deal in automobiles,
| automobile trucks and other motor driven
| vehicles and bicycles and automobile and
bicycle supplies, and all other business in
cidental to the retail and wholesale auto
mobile. automobile truck and bicycle bus
mess; 10 promote and assist financially
any person, firm or corporation engaged
IN the business of selling automobiles
automobile trucks and other motor driven
vehicles, at retail or wholesale: TO accent
IN pledge automobiles, automobile trucks
or other motor driven vehicles for any
money lent on the security thereof and IN
Keep and store said automobiles, automo-
bile trucks and other motor driven yehi-
cles pending their redemption; with the
right and power to do any and all things
necessary or connected with, or in any
manner incidental or Complementary to
forth
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at ten thous-
and dollars (S10,000.00), to be divided into
ana represented by one hundred QOO)
tSlW.OO) each, payable in cash or its
equivalent at the time of issuance The
capital stock of this corporation may be
Increased to the sum Of one hundred
thousand dollars.
ARTICLE V.-An the corporate powers
OF this corporation shall be exercised by
Board of Directors. consisting of not
less than three and not more than five
STOCKHOLDERS. majority of whom shall
constitute quorum for the transaction
OF business. The Board of Directors shall
erect annually from their number a Pres.
ldent, Secretary and a Treasurer. The
hrst Board of Directors shall consist OF
three stockholders, and shall be com
posed of Edward L. Knott. residence SI3l
HICKORY street, New Orleans. La. Arthur
,. Homan. residence S23S C0hn street New
orleans, La: Archie VI. Smith. residence
81 broadway street, New Orleans La
with the said Edward l.. Knott as Pres
ident the said Arthur s. Holman. as See
rotary, and the said Archie NJ Smith. as
treasurer These directors and officers
snail serve until the last Wednesday in
January, 1921, or until their successors
nave been duly elected and qualified The
annual meeting of stockholders for the
election of directors shall be held on the
last wednesday in January of each year
unless said day be a legal holiday and
then on the next day thereafter.
ARTICLE Vino stOckholder or sinh
scriber for stock shall ever be held liza
bic for the contracts. faults or debts of
TINS corporation in any further sum than
tne unpaid balance, If any, due the corpor-
alton on the stock for which he has sub.
scrlbed nor shall any stakeholder ever be
held liable for such contracts faults or
debts ii any further sum than the unpaid
balance. II 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 sub
scriDer liable beyond the unpaid amount
II any. remaining due on his stock
ARTICLE EII.-This charter NAV be
100 pIBs 10 'p5ISlIU 10 p5SuBq0 'psgJpom
poratlon may be dissolved, with the as