The herald., 1920-09-09
CHARTER.

as may be deemed necessary aud c1pedi-
, cut.
/ ARTICLE 1.-THE domiril" of said cor.
poratiou shall bc established in ihr CITY
I ut New orleans. State of Louisiana. and
an citations ami other legal process shall
b" served on On" president, iu his at~"u.,
} on "a" Secretary, and in ia" ah~ru,r co.
both on the Treasurer.
ARTICLE III-Thr objects and rUr.
+ posses for which this corporation is ,rr-
atcd. are hereby declared To hr 20 engage
in the general AUTOMOBILE" business. tp
buy. sell and deal in automobiles. auto.
uOhil, parts and ayrrS~ori.~ including fMn
sale aud purchase of gasoline. and To- up
general automobile storage business. by
day. week or month. under such terms ana
7 conditions as the Board of Directors may
deem tit and proper, as well as 10 engage
B i'm the aUiuWobil" repair business. and Hil
other lines of business identified with ur
3 incident to dealing in and repairing auto
/ mobiles.
ARTICLE IV-Thc capital stock Of this
/ corporation Is fixed AT the sum OF mine
/ thousand tS@UuOoOl dollars. divided into
/ seventy tive l1jJ shares Of q par value of
} one hundred dollars tSlODUOJ each. VA
I shares Of stock shall be-. full Isid and non.
/ a~~'.>>Hhlc. and shall hr paid for BOO cash
/ or iu property taken over by the CORPORA
I ton No transfer OF stock shall lr bind
ing upon th" corporation unless ugi-
/ upon its books and all certificates OF
.
may Ice designated by "a" Board of III
. reytur~.
This corporation shall Luy" tho right fa
! Increase its capital stock TO th" further
+ sum of fifty thousand dollars tN't'r"uH
/ 10 b" divided int" shares of one hundred
dollars tNlVhVNl each. provided said DO
/ cT'd>" IN ih" capital stock shall hHN" h"ru
I authorized by tho stockholders 10 % rIr,'.
ing 10 be- held pursuant 10 the provisions
of Article ' of this charter.
ARTICLE N"Ali the corporate powers
. OF the Company shall b." vested in. aud
( IN" management and control 81 IFS affairs
, shall j." "\"r.l~'d 10y 20 Board of p'rr.
I tore composed of three ~,o"hhuiIrr~- 80
. majority of whom shall r"n-u-Ut" SO
I quorum for ia" Transaction Of aa hu~i-
Hess. The Directors shall hr elected 800.
uually 10y ballot On iAn fifteenth day of
J February ~ each year. Each -iu. hholi
"r shall b" entitled. in person cor 10y pr"AE.
10 on" NuI" Tor each share OF stock ON ned
/ by HIM. ana all elections shall d" held
under such rules ana regulations "- may
be determined by the Board OF directors.
election shall hay" been sent 10 each stock
holder ut his last known address. The
! Directors thus elected shall continue in
Office Tor ON" year. or until their >u'r">-
. sOr~ shall have been duly elected and
qualified. No failur" to elect shall be re-
/ garded as forfeiture Of this Chartur.
/ Any vacancy occurring on said Board
shall b" hllrd 10y IA" remaining hir"r-
! Board shall, at the first meeting after its
election. nominate. out of it, number. e
President. Vice President and Secretary
and a Treasurer. The offices of Secretary
and Treasurer may be held by ON" per
son. Said Board shall hay" the right tu
/ appoint and dismiss such clerks, mana
gers and other employees of the corpora
ton as conditions may justify. or thu
! business of the corporation may require.
| The tenure of Office of all employers of the
| corporation shall be during the pleasure
of the Board of Directors ANY of the hi
| reCtOrs or officers shall have the right 10
| appoint. by written instrument, another
| Director or stakeholder to act as his
proxy. and in his stead. at any and all
| meetings of the Board of Directors.
! ARTICLE Vino stakeholder shall
! ever be held liable or responsible for the
contracts. faults or debts of said corpora
| ton. nor shall any mere informality in its
| organization hav" the effect of rendering
this charter null. or of exposing any
! stakeholder to any liability beyond the
unpaid balance due on the shares owned
| by him.
ARTICLE NII.-ThiS act of inCorpOra-
| ton may be changed, modified or altered,
| or this corporation may be- dissolved. with
| the assent OF the stockholders owning
! three -fOurthS of all the stock OF the cor
/ poratiou. at general meeting convened
/ for that purpose. and at least after ten
days written notice of this meeting has
/ been given through mail addressed to each
! stakeholder, at his last known place of
! residence. Whenever this corporation is
! dissolved, either by limitation or other
wise its affairs shall be lquidated by
/ three HquidatOrS. to be selected 10y the
| stockholders after meeting convened for
/ that purpos" shall have been called.
J ARTICLE NIll.-Until the election 10 be
! held on the fifteenth day of February.
( 1921. the following shall constitute the
first Board of Directors, viz: Charles {.
| Hartwell Charles ID. Ford ana CLAIR /.
Hartwell
ARTICLE lA.-No stOckhoider IN TINS
! corporation shall dispose of his stock TO
any third party without hrst oiicrlnS II
to the corporation at its book value. The
corporation shall have thirty t%O) days
! within which To accept or reject this oncr.
expiration of thirty 500 days, then dis
/, pose of his stock as he deems proper.
! Thus done and passed i'll my office in