The herald., 1920-01-22
CHARTER.

air, gasoline and any other thing use1ul
for or used as motive power for vehicles'
to buy, sell and deal in all kinds OF com
merciai papers, mortgages, notes, STOCKS
and bonds, and to mortgage ana hypo.
thecate automobiles trucks and tractors Oh
every descriptions, with full power 10 Dor
row or lend money secured by mortgaSe
or otherwise To do all and every thing
necessary, convenient or proper tor tne
accomplishment of the purposes herein
stated whether within or without the
State of Louisiana.
ARTICLE IV.-The authorized capnai
stock of this corporation is HEREBY 1lNeu
M the sum of Twenty Thousand DOLLARS
ESQ OOO) divided into and represented
by Two Hundred shares of STOCK OF tne
par value of One Hundred dollars SlVVOoJ
each The capital stock shall be repre-
scented by certificates, shall be fully palu
and non assessable when issued, shall De
| issued only for labor done or for properly
actually received, or for cash 10 pe pan, d
nj such times and in such amounts ana
after such notice as may be determined
/ by the Board of Directors and shall De
/ narsonal proDprty No transfer OF SAID
/ stock shall be binding upon this corpora
I ton unless made in accordance with JUS
! charter and bylaws and recorded on the
hooks thereof The subscriptions to TINS
charter, however shall be paid Tor Ill
! cash.
/ ARTICLE V.-AH the corporate powers
of this corporation shall be vested in ana
! exercised by a Board of Directors TO be
composed of three stockholders. Inc
| first Board of Directors shall be composer
of: Frank ). Einstein, as President
! William J. McLaney. as Vice President,
and Victor Adams, as Secretary Treas
urer annually at the domlCile OF the
| corporation on the second TUESDAY OF
/ January of each year, the stockholders
/ shall elect from among their number three
Directors who shall elect from among
themselves President Vice President
and Sccretary-Treasurer provided that the
I first Board of Directors above hamed
! shall hold their office until the second
Tuesday of January, 1921; and until
their successors have been elected ana
shall have qualified Two Directors shali
/ constitute Il quorum and may transact
the business of this corporation. All such
elections shall be held by ballot and con
Quoted at the office of the corporation
under the regulations as may be estab-
Iished by the Directors. Notice of such
election shall he given by the Secretary
Treasurer by written notice delivered per-
sonally to the stockholders or by deposit
ing the same in the Post Office, address
ed to each stakeholder at least ten days
before such election. Stockholders shall
have the right of cumulative voting. Any
, vacancy occurring among the Directors, by
death, resignation or otherwise shall De
filled by the remaining Directors. The
, Board of Directors may make and estab.
lish, as well as alter and amend, any and
, all bylaws, rules and regulations neces'
1
: conduct support and management OF thu
business and affairs of said corporation
, The Board of Directors shall have power
and authority to borrow money and e
o give security therefor and generally TO az
; all things necessary and convenient fol
the proper carrying on of the business
4 of the corporation. IL may authorlZ
4 the issuance of stock for cash actually re-
= ceived by the corporation
ARTICLE VI.-Regardless of who ma!
$ then be the stockholders of this corpora
r ton the subscribers to this charter, o
4 such number thereof, as may Wish L
n avail themselves of the provisions OF TN
h Article are, in consideration OF their sun
= scriptions to this charter hereby grantee
/ the irrevocable right and option to sub
: scribe at par and accrued DIVIDENDS
r any, to any unsubscribed stock and I
! amy increased stock which may subsequen
r be authorized, in the proportion 10 whic
u the subscription of each Of the subscrlb
e ers to lnls cnarter presently pears 10 I'd
e other two. This irrevocable right an
@ option is hereby granted up to and includ
= ing December 31st, 1921.
ARTICLE Vu.-This charter may b
u amended and the capital stock of thi
= corporation may be increased or decreased
!, or this corporation may be dissolved an
!. its affairs liquidated in the method an
y manner provided by law, as now, o
: may hereafter be, in force.
ARTICLE VIII-No stakeholder of thi
corporation shall ever be held liable Q
responsible for the contracts or faults {
this corporation in any further sum tina
the unpaid balance on the stock for whic
he has subscribed nor shall any mel
informality in organization nave the ei
feet of rendering this charter null or {
exposing stakeholder to any liabilit
other than as above provided.
ARTICLE IX.-The subscribers heret
have respectively written opposite the
names their post office addresses and II
amount of the capital stock in this co
poratiOn subscribed for by each of then
so that this act of incorporation may ais
serve as the original subscription list I
!, this corporation.
Thus done and passed in my office,
the City of New Orleans, on the day an
date first above written. in the presen'
of ]. Arthur Charbonnet and Leo
T. Vivien. competent witnesses, who sig
Is with the said appearers and me, notar
Mt after due reading of the whole.
A. Witnesses j. Arthur Charbonnet. IL
as J. Vivien.
in (OriginaI Signed) Frank s. Einstei
POI s. GayOsO. New Orleans. La,
St. New Orleans. La, "A shares; Wet
Adams. go S. Dupre St, New Orlear
La, 81 shares. -
F. ID. CHARBONNET.
- Notary Public.
I. the undersigned. Recorder of MOI
VI cages in and for the Parish of Orlear
State of Louisiana, do hereby certify tn
is the above and foregoing act of incorpor
Dr- ton of the "Nola Motor Company, Inc
" was this day duly recorded in my Off
nv. in book 1898. at folio.
rs New Orleans, January 9th, 1920
les Deputy Recorder of Mortgage
ses F. d. CHARBONNET.
lily Notary Public