The herald., 1920-09-09
CHARTER.

manner and to the same extent as natural
persons could do; to make aud enter into
all manner and kinds of contracts. agree
ments and obligations by or with any per
son or persons, corporation or corpora
tons for the purchasing, acquiring, hold
ing, manufacturing ana selling or other
wise dispOsing Of, either as principal or
agent, upon commission or otherwise, iron
aud steel products Of all kinds and nature
well as any other articles of personal
property whatsoever, and generally with
full power to perform any and all acts
connected Herewith or arising th"refrom
or incidental thereto and any and all acts
proper or necessary for the purposes OF
the business; to act As manufacturer
agent and purchasing agent of any and all
persons. firms, corporations or aSSOcia-
tons; to own and operate warehouses and
places for the storage of goods and mrr-
chandiSp of all kinds and generally to act
as a storage and freight forwarding agent
and generally 10 carry on AMI undertake
any business. undertaking, transaction or
operation commonly carried on or under
tn ken by merchants, commission men. fac
tors and manufacturer agents and in the
course of such business to draw, accept.
endorse. acquire and sell all or any ncgot-
liable transferable instruments and
credits.
ca Generally 10 do all and everything
necessary, suitable, convenient. or proper
for the accomplishment of any of the pur-
poses or of any one of the objects herein
enumerated or Incidental to the powers
herein named or which shall at any tim"
appear conducive or eNpedicnt to the
protection or benefit of trle corporation.
either as holders of. or Interested in any
property or otherwise. with all the powers
now or hereafter conferred by the laws of
the State of Louisiana upon corporations
organized under the laws of this State.
Article ". The authorized capital stock
of this corporation l. hereby declared to
be the sum of Five Thousand tSJ.OOOOOl
Dollars, which capital stock may be in
creased in the manner provided by law.
4 D..
ClOOOOO.OO) Dollars. The presently au-
thOrized capital stock OF this corporation
shall be represented by Fifty ijOl Shares
of the par value of one Hundred tSlOUUW
Dollars each. The said capital stock shall
be fully paid and worcestershire when
issued; shall be represented by certificates
and shall be personal property. No trans
fer of said capital stock shall BE- binding
upon this corporation unless made in ac-
COrdance with this charter and bylaws
and recorded on the books thereof.
Article '. The business and affairs Of
ethiS corporation shall be managed and all
the corporate powers shall be vested in
and exercised by a board of three 60
directors. to be elected from amOHg the
stockholders, majority OF whom either
present in person or represented by
proxy. shall constitute a quorum.
The said Board shall elect from among
their number a President, Vice President.
a Secretary and a Treasurer. The office
of Treasurer may be combined with that
y
not necessarily be 4 member of the Board
of Directors.
The Board Of Directors shall have full
and complete control of the property Of
the company, and they shall conduct. man
age and use the same as i'll their diScrc-
ton they may deem best. il not inConSist-
ent with the objects of the company and
the welfare of same. The said Board OF
Directors shall have the further power TO
make, alter and annul such bylaws, rules
and regulations for the government of the
corporation as they may think proper.
They shall appoint all agents, clerks or
employees; fix their salaries and cOmpen-
sation, with term of office. with the right
TO dismiss them at pleasure; and the said
Board shall have the further right to fix
and determine the salaries of the several
officers herein provided for.
Any vacancy occurring in the Board of
Directors, either by death. resignation or
otherwise, shall be filled by the remain
ing members of said Board for the I'M
expired term, at any meeting of said
Board of Directors.
Article VI. The first Board of Directors
shall be composed of y. III. Stebbins. whose
poStoffice address is 142S East 18th ST.
Chicago. Illinois; W. ]. Henderson, whose
pOstoffce address is No. S16 Howard ave-
New Orleans La; and Jos. y. Stebbins
whose postofice address Is No. SIG How
ard ave-, New Orleans, La, with the fol-
lowing officers, who shall serve until the
first annual meeting of this corporation. as
hereinafter set forth, and until their sue
cessors shall have been duly elected, quail
fed and installed; Jos. y. StebbinS, PrpSi-
dent; e. VI. Mcmillan, Vice President; w
J: Henderson, Secretary and y. ii. Steb-
bins. Treasurer.
Said Board of Directors shall serve until
the first meeting of the stockholders for
the election of Directors, or until their
successors are duly elected, qualified and
installed.
Article VII. On the first Tuesday in
February, 1921, and annually thereafter on
the first Tuesday in February of each year.
a meeting of the stockholders of the cor
pOratiOn shall be held at its dOmicile for
the purpose of electing Directors for the
ensuing year, and at such meeting the
stockholders shall have the right of Cumu-
latiye voting in the election of Directors
and at said meeting said stockholders
shall elect said Directors. 4 failure for
any cause whatsoever to hold the annual
meeting of the stockholders or the failure
TO elect Directors thereat shall not dissolve
the corporation. but the Directors and
officers then in office shall remain in
office until their successors shall have
been duly elected, qualified and installed.
Article VIII. This charter may be
amended and the capital stock of this cor
poration may be increased or decreased
or this corporation may be dissolved in
the method and manner provided by law
Article IN. No stakeholder of this cor
poratiOn shall ever be held liable or re-
sponsible for the contracts or faults of
this corporation in any further sum than
the unpaid balance of stock for which he
has subscribed, nor shall any mere in
Formally in organization have the effect
of rendering this charter null or of ex-
posing stockholders to any liability other
than as above provided.
Thus done and passed in my office at
the City of New Orleans. Louisiana. on
the day, month and year first hereina bove
written, in the presence of Edward l..
Szabary and Roberts c. Milling, competent
witnesses, who hereuntO sign their names
with said appearers and me, Notary, after
due reading of the whole.
Name, Postoffice address and number of
shares subscribed: ]. n. Stebbins, SIC
Howard ave-, New Orleans, La. shares ::
A. II. Stebbins. per J. n. Stebbins. 142S
East Goth ST., Chicago. Illinois, 20 shares /;
W. j. Henderson, SIG Howard ave-, New
Orleans, La, / share.
Witnesses: +. l.. Szabary, r. c. Milling
II. Ii. Saal, Notary Public.
/, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans.
State of Louisiana, do hereby certify that
the above and foregoing Act of IncOrpOr-
alton, of The Stebbns Co., Inc, was this
day duly recorded in my office. in Book
1242, folio Gas, New Orleans, July 9th,
1920. (Signed) Emile J. Leonard, by.
Rec. A true copy. New Orleans, La.
August Bird, 1920. X. II. Saal, Notary Pub
lie
Aug. 5-Sept. 0.
HARTER OF HARTWELL-FORD
MOTOR CAR COMPANY INC