The herald., 1920-04-29
CHARTER.

| and other legal process shall be served
| upon the president OF this corporation. or
| in case Of his absence upon the vice
| president, or in case of the absence of
both of these officers, upon the secretary
4 thereof
ARTICLE III.-The objects and pur.
poses Tor which this corporation is cstab-
| liShed. and the nature of the business TO
| be carried on by ii are to buy and sell
at wholesale and retail trucks, ANTONIO
| bilcs, tractors. automobile tires automO-
bile acces SorieS parts of automobiles an
tomOtive supplies of whatsoever kind; TO
furnish tire and battery service; to conduct
garage; TO sell oils and other things
connected with the use or operation of au-
tOmobilrS; to repair and equip autOmo-
| bilrS; to store ears for hire; to buy and
sell real estate for the purposes of the
! business and generally TO do any and all
: things and acts essential to or usually
done in connection with the purposes for
which this corporation j. formed.
| ARTICLE IN.-The capital stock of this
corporation shall he Forty thousand $50
Ooo.OOI dollars. divided into four hundred
! tiO0l shares of the par value OF one hun
| bred tSIO.OOD dollars each. and may he
increased TO the sum OF two hundred and
fifty thousand CS2JO. 10000 dollars Iii
yided into twenty-five hundred t2.5Wl
| shares of III" par valu" Of one hundred
| t$lOOOul dollars each, and this corpora
| tiOu l. TO IC = going concern when one
| iGIlf of the capital stock has been Suh>,rih-
ed for and onc-h half thereof paid for. Each
| share OF the stock shall h" entitled to one
vote. either in person or 10y proxy. AT All
| general elections or meetings of stock
| holders.
| should the capital stock or this corpora
| ton ever be increased over the sum ~
| forty thousand t$i0.OO0.OOi dollars. then
such additional shares of stock that may
! he issued shall first Tee Offered to the
holders of stock at the time oi i>>udn""
| ~ the book valu" Of said new stock IN
the proportion in which The >aid St"S
holders shall at the tim" of i>>uanc" hold
stock in this corporation. and should any
| storkhod"r not purchase hi pr"p0ruHuHl"
share then said share shall Ice offered Z"
| the other stockholders in proportion l"
tb. number of shares held 10y them 1T Ia"
| time of the issuance of the new stock.
! ARTICLE N.-No Sto, kholdcr shall ever
| he held liable or responsible" Tor lhr III
drbtednrs>. faults or defaults OF ihi> I"I
| poratiOn. nor shall any mrr" lntorntlIi'A
| in the organization of the corporation nav"
the effect of rendering the charter nun or
of exposing the stockholders t" any IA
bility beyond the unpaid halanr" Il any.
ON his stock subscription. Should any
>tockholder drSir" 10 sell his stock. ~
shall first offer the sam" 10 The stock
holders OF the company AT it, book Nalu"-
through is Secretary. and the Stockhold
rrS who desire to purcha>" shall haN" IN"
right to purchase the same in the proper
ton to their respective holdings 81 STOCK
la the company. Should any stakeholder
not wish to purchase his proportional"
share then his share shall b" offered 10
the other stockholders prop"rtionatr 10
the number of shares owned 10y them.
should said stockholders III fifteen days
after notice having been given. in writ
ing. fail or r"fuS" To purcha>" III" STOCK
Offered for sale. such stock may u" SOLD
10 any one. No transfer Of stock shall u"
made or held to hc valid aud binding IN
less mad" In Pur>uanc" Of I'll" provisions
of this charter.
ARTICLE NI-ThiS corporation shall
have all powers granted to such corpora
tionS 10y law aud shall hay" the power
to contract. sue and Ice sued in its cor
pOratr name. aud to own. hold. receive.
loan. lease. purchase. sell and convey or
mortgage any and all of its effects. or to
hypOthecatc its property and TO DO amy
and all acts aud things of any other Kind.
nature or description. ~ may he ncc">-
>ary to carry out the objects ana purposes
of said business aS it, interests aud con
venien"cS may require"
| ARTICLE VII-The business of this
corporation shall be directed by and vested
in a Board Of Directors. consisting Of thr'"
members. two Of whom shall constitute
quorum, for tn" transaction OF business;
and the said Directors as first constituted
shall lac Noah Weaker. Julius Forsyth
and L. T.. Ierln. and they shall hold
office until the first Monday in February.
1921. and on that day and on the same
day thereafter elections shall he held an
nually for Directors at the principal niiire
Of the corporation Failure to hold an
election on the day specified shall not
dissolve the corporation. but the Directors
in office shall hold their respective offices
until an election shall Ice held after thirty
days notice Of the time and place thereof
given to each stakeholder. The annual
election shall be- held on the first Mon
Sday of February. 1921. and thereafter on
the first Monday of February Of each sue
rreding year. and the election shall he
held between the hours of ten and twelve
H. m. All vacancies on the Board of hi
rectorS. for whatever cause shall he filled
by the remaining Directors. Noak Weak
or shall he the first President. Julius
Forsyth shall be the first Vice President
and Il. +. Zerlin shall bee the first See
rotary Treasurer. and they shall hold
office until the first Monday in February.
1921, or until their successors are elected.
and each succeeding Board of Directors
shall elect its principal Officers for the
term of their election and Only StOckhOld-
rrS shall he eligible for election rs a
member of the Board Of Directors. D;-
rectors may act either in person or 10y
proxy.
ARTICLE VIII-Whenevc this corpor-
alton is dissolved. either by limitation or
for any other cause. its affairs shall be
liquidated by the Board Of Directors. who
are hereby vested with full power To sell
any or all assets of the corporation. either
separately or in mass. and to convey
full and complete title thereto. and shall
have full power to do and perform all acts
necessary and proper to fully aud com
plrtcly iquidate the affairs and distribute
the proceeds, if any. among the StOckhOd-
ers of this corporation to the amount of
stock held by each.
ARTICLE IN.-This act of incorporation
this corporation dissolved in the manner
provided by law.
Thus done and passed. in my nOtarial
office. in the city of New Orleans. State
of Louisiana. on the day. month and year
first hereinabOve written. in the presence
of Ruth NJ Seller and GuStave Lemlr. com
pctent witnesses. who have herpunto
signed these presents. together with the
parties hereto and me. Notary, after q
reading OF the whole.
Witnesses: Gustave Lcmle. Ruth NJ
Seller.
Julius Forsyth. 1852 Brainard ST.. New
Orleans, La, 40 shares: Noah Weaker.
2O55 Clio St. New Orleans. La. $50 shares
II. +. Ierlin. 1879 CarOndelet St. New
Orleans, La. $50 shares.
4. 4. MORENO. Not. Pub
i. the undersigned Recorder of Mort |
Cages. in and for the Parish of Orleans. |
State Of Louisiana. do hereby cert fly that
the above and foregoing Act Of IncOrpOra-
ton of the New Orleans Auto Supply |
Company. Inc. was this day duly record |
ed In my office i'm Book 1898. Folio 600.
New Orleans. March 18th. 1920
(SignedD' EMILE J. LEONARD, by. L. |
Apr. SHAY 13.