The herald., 1920-05-13
CHARTER

unon the president Of this corporation, or
in case of his absence upon the wee.
president, or in case of the absence OF
both of these officers, upon the secretary
thereof.
ARTICLE lI-The objects and pur-
noses for which this corporation is estao-
iisbed and the nature Of the business 10
he carried on by il are TO buy ana sell
az wholesale and retail. trucks, autOmo-
hiIes tractors, automobile tires automo-
lille accessories parts of automobiles. an-
,onotiye supplies of whatsoever KIND, 10 |
furnish tire and battery service TO conduct |
a garage: TO sell oils and Othtr thlhSs |
connected with the use or operation OF au-
tnmobiIcS: to repair and equip automo, ,
/ Ills 70 store cars for hire; TO buy and
| ssIl real estate for the purposes OF the
business and generally to do any ana AZ
! things and acts essential 10 OF usud ~ !
: done in connection with the purposes lor
1 which this corporation Is formed
ARTICLE Iv.-The capital stock of tins
corporation shall he Forty thousand 'Sto',
OOOOM dollars, divided into iour huh S
| fION shares of the par value OF one nun
dred $4,000 dollars each ana may pS
Increased to the sum OF two hundred anu
fjfty thousand (S2JO,UWOoo) doliar>; -n on
idsd into twenty-five hundred i2,JHl
| baras of the par value of one hhhureh
$500 COZ dollars each, and this corpora
| ton l. TO he a going concern Wh'h on t
baU of the capital stock has betn SupsSrlu
- Tor and one-half thereof paid Tor. Ea'h
. s%,re of the stock shall be entitled L" ouT
5 ,ote either in person or by proxy AT an
: general elections OF "''"-
holders. s,
cho,,Id the capital stock of this corpora =
= ION over be increased over the sun! vi
q forty thousand tSiOOOOOOl dollars, mn
Il such additional shares Oh 80 $50 IN thT
J.; ToIdars of stock at the time oil lssnah;e
P, az the book value OF Sald new -
II the proportion III when tnt IAN T'..n,r nod
r, In,dirs Shall at the time OF l>SnahC' n"i,
III in this corporation, ana shouln an!
ID tocEhoidcr not purchase his PropoSIr,l"H,',, -
share then said share shaH ue tinn +,
10 -. other stockholders III PF"poI'". 81
ri ~ ,,,unh,r of shares held by th"h Il, III
n enc of the issuance of the ne" N'o'"'
&c ,rTIrIE V-No stakeholder shall eve
. ne held liable or responsive iSi ,bi% cor
Is 5,htedn,SS faults or defaults OF t nm
Of ur,;nn nor shall any mere lnt"rmiIl
be tba nrpnniZation of the corporation ~ ~" '
u th. effect of rendering the chatt'' INV liz
II az axnosing the stockholders 10 any a
ok J;1ity hpyond the unpaid balance IL an.
u an his stock subscription Shouln al
OF Storkbolder desire 10 sell ms
~ I'LL first offer the same 10 lht II,
of f SnHh Of the company AT its book Nalu
RS. throngb it's Secretary. and the Sto'hh" y,
ars .rs who desire to purchase shaIl haso 49,,
by riTht to purchase the same IN Ine Pio ~
rec -, IN their respective holdings "i 80
I'll i'm thp company. should any s,o'H .Hm
ST not wish to purchase ms pr"1fSst srsd
by | -, than his share shall be oIlertu
of tba other stockholders proportloh".r
the ths number of shares owned ny W
lily Sbouid said stockholders in tltteeh ia
lali after notice nhNlHS bf'h %
re- ~ fii ar refuse to purchase the $40
The nfSsrad for sale such stock may De 80
aet- 70 any one No transfer ot Sioch Slhii
res made or held TO be valid anu plhuimE "
Try. less made IN pursuance VI "
of of this charter.
in ARTICLE VI.-ThiS corporation 81
osl- have all powers granted TO suCn o',p %,
non tions by law and shall nave .h' p'n
lual w contract sue and he sued in IT'S .
uon noratp name and to own, h0lu Ittri
llrd loan. lease. purchase: sell ahI con''H
less mortgage any and all or IT'S tlltC'S; VI
on hrnothecote its property and TO DO !
va md ali acts aud things OF any oiher hi
by nature or description AS may W mVo
be Sary TO carry out the objects ana puIPo
eih of said business as It's ih''f
sun ypniences may require
III. nls ARTICLE VII.-The business OF
'he cornoration shall be directed by anu N's
All in Board of Directors. nIi !n5stitut
~ members two of whom shaIl 'ohS'l'u ".
81, uuorum for the transaction OF nuH
! of and the said Directors as tlrSt cohSt,Ie
: VI shall be Noah Weaker. Jnhus TOT
" .Ia and r. f.. Zerlin. aud they Shali
III" office until the first Monday III rspru
| 1921 and on that day anu on nv n,
iqul- day thereafter elections SHAH De htiu
tiOn, nns,Iy for Directors at the principal oi
nida- of the corporation. Failure 10 hpiu
meet election on the day >pecltled SnaIl
fiji ,;ssnIva tho CORPORATION. but the DireC
each i'm office shall hold their Respective on III
n ad- until an election shall he held a1ttr ~
the DAYS notice of the time ana place lht
9 ana ma given to each StocEhoidtr m sirs, "
shall dav of February. 1921. and thereafte
r to tbs first Monday of February Of each
ceeding year. and the tietIion and ~
cor n m An vacancies on the Boarn "I
2 as rectors. for whatever cause. shall ne W
'ds of by the remaining nlrec'2 prsid,ot I
meet or shall be the tlrSt frtS,ur"I,
: that FORSYTH shall be the first Vice Presl
ritten and r. f. Zerlin shall be the iarS'
stock Rotary Treasurer: ana theA =, III
snOwn office until the first MONDAY III r'ol
1921. or until their successors are el'
for and each succeeding Board OF blrt
II the shall elect MS pIinCIpnnd anIv stock
pa?d ers shall he eligible for election
an an member of the Board of Directors.
ribed rectors may a't ei'"'' III
|, held proxy.
debts ARTICLE NIlI-Whenever TINS 80
A hal alton is dissolved either by limitati
led by for any other cause. It's atIalrs Sns
ity in liduidated by the Board OF Dlreclors
dering are hereby vested with full power
' sub any or ali assets of the corporation
nd the separately or in mass. ana 10
lue on full and complete title thereto, anu
have full mower to do and perform al
t. or necessary and proper to fully ana
ate Of pleteiy liquidate the affairs and dlst
967 of the proceeds, if any, among the stocl
, for ers of this corporation TO the aiho'
nd for stock held by each.
,oIders ARTICLE IX.-This act of incorpo
.er and may he amended. altered ana modlI
all the this corporation dissolved in the II
lunities provided by law.
,rs ana office in the City Of New orleans
i'd laws of Louisiana on the day, month an
ling as first hereinabOve written, in the pi
If said of Ruth NJ Seller and Gustave Leml'
nunities Da,ant witnesses who have he
lhstru- signed these presents. together WI
PARTIES hereto and me, Notary, a
afOre- " -. Iu,la u,
. Rault witnesses: "u>'aNe
illnesses Seller.
lis city, Julius Forsyth. "252 Bralnari ~
mes. to- Orleans La. 40 shares; Moan '
Notary. 2035 clio ST. New orleans. La. $50
in the r. f. Zerlin, 1879 Carondelet 81
Orleans La, $50 shares. ~
A. A. MORENO, NOT.
l. the undersigned Recorder or
J. Jung. cages. in and for the Parish OF
Pub. State of Louisiana, do hereby certl
f Mort the above and foregoing Act OF Inc
Orleans, ton of the New Orleans Auto
tify that Company. Inc, was this day duly
corpora ed i'm my office in Book l23S roho
ne, was New Orleans. March 18th. lsZo
ffice, in (SignedD EMILE ]. LEONARD
Apr SHAY IL.