The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-16
CHARTER.

have, hold lease, purchase. S"Il mortgage
or pIedg. property of any kind it may
borrow or lend money upon security and
endorse for other persons or corpora
tons; il may sue and be sued ana may
have and use corporal" seal IL may
have all such other rights and powers as
now or may hereafter Toe enjoyed by sim
liar corporations organized under th"
laws of this state.
ARTICLE III.-Ih" objects and puF
poses for which this corporation - organ
lied and the natur" Of tn" business 90
he carried on 10y it are hereby declared
10 be: To engage in the auto livery
business; to let aud hire automobiles
to the public; To buy, sell and trad' ia
automobiles and their accessories, Hha
generally to do any aud all things that
may be necessary or Convenient 10 inc
carving out Of thcs" purposes.
ARTICLE IN.-Ihr capital stock OF ihI-
CORPORATION H. hereby fixed ut fIv" thou.
sand dollars tSJ.unuuNl. divided INTO ah1
represented by fifty shares of the par
value of one hundred dollars tSiOol ""'h-
Said capital may be increased TO may
imum of twenty-five thousand dollars.
The subscriptions set OppOslt" the names
OF the subscribers hereto show that fU.E
prr cent of said capital has been sub
orribed to: and said subscribers have
paid Oue-haIf Of tn" amount Of their
respective subscriptions 10y the transfer
and delivery TO this corporation OF auto
mobiles which are accepted by tn" Board
of Directors at the following valuations.
tthe balance being paid in cash, iErni
ture etcD, towit:
-Four Ford five passenger aut0m0-
bilcs. Motor Nos &Ni3ii9.
3SSlG7G 3NN5lOJ. and 3SGSG&u. TO
pcther with attachments and APP
uurttnanCcs valued met at. .Hl-'' ~
office fixtures and stationery. o.
$500 %
ARTICLE y.-The business and affairs
of this corporation shall be managed and
conducted by Board of Directors con
sisting of three stockholders. Jacques
Mossler. Samuel MOscoyitz and Mrs. we,
lvn NJ Mossler, all Of New Orleans, shall
consulate the first Board of directors.
They shall hold office until the second
Monday in August, 1921. or until thelT
successors shall be elected snd guam d.g l
ON the second Monday in August, 1877
and annually thereafter, an election Tor
Directors shall he held at the otticc OF
the corporation. after notices shall nav"
b,,n given 20 all stockholders by mai M
least ten days prior thereto: NJ aIi
elections stockholders shall be allowed
one vote for each share of stock standing
in his name on the books of the company
In case of a vacancy on the Board OF IL
rectors or officers, il shall be filled 10y
the remaining Directors from among the
! stockholders, for the remainder OF TIE
! term of the Director or OFFICER "hoa'
vacancy is so filled.
| coronation shall consist of President
Secretary and Treasurer. The Board ol
! Directors may. in its discretion, create
! the office of Vice President. The offices
/ OF Secretary and Treasurer may be held
/ 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 Mr. .Samue
! Noscoyitz shall be Secretary and Treas
urer On the second Monday In August
/ 1921 Immediately after the election OF
/ Directors, and annually thereafter, tn
| BOARD of Directors elected at such annua
| meeting shall select from their owl
member the President and Secretary anC
Treasurer. ~ 49,
| ARTICLE VII-Two members OF tn
| BOARD of Directors shall constitute
| quorum for the transaction OF all busl
! ness. Said Board may adopt code o
| bylaws and amend or change the SAM
| at their discretion.
| ARTICLE VIn.-This charter may b.
amended in all particulars as provide'
by law, and the corporation may be dis
| solved by complying with the legal pro
| visions on that subject. In the event o
voluntary liquidation, the stakeholder
| shall select from their number, two liquid
ators who shall be vested with ful
power to settled its affairs by the sal
Of its assets and payment Of its obliga
I lions