The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER.

faults or debts of said corporation in any
further sum than the unpaid balance due
and owing Oh stock subscribed by him,
or purchased 10y him. nor shall any mere
infOrmality in organization have the eff
feet of rendering this charter null, or
Of exposing any stakeholder to liability
other than a. hrreinabOVe provided in this
article.
ARTICLE VII.-ThiS corporation may, at
a meeting of stockholders duly called for
the purpose. by a VOJc of twO-thirds OF
all of its stock, amend its articles of in
corporation in any manner COnfOrmable to
law. \ change in objects and purposes
may be voted by all stock issued, and AN
increase i'm the capital stock beyond the
sum of 100000 may he mace by a three
fourthS vote of all stock outstanding. This
corporation may be dissolved in the follow
ing manner: Whenever in the judgment of
the board of directors IL shall be deemed
| advisable. the board, within 10 days after
| the adoption of a resolution to that effect
| by Il majority of the whole board at any
| meeting called for that purpose, of which
| meeting each director shall receive three
days notice. shall cause said notice of the
| adoption of such resolution to be mailed
| each stakeholder. together with Il notice
| Of meeting of the stockholders to be
| held At the office of the corporation, to take
action upon said resolution, which meet
irg may br adjourned from time TO time.
and shall he held between 10 a. IN. and 3
y. m. If at any such meeting, 2-3rds in
| that "a dissolution take place. a certified
copy of such resolution. signed by the
presiding officer and secretary shall be
filed in the office of the secretary of
state. together with list of the names and
residences of the directors and officers
certified 10y the president and secretary of
the corporation. who. if satisfied with the
proof of compliance with law. shall issue
certificate that the foregoing documents
have been filed, and the corporation shall
then stand dissolved, and the board shall
publish notice of such dissolution not
less than three times IN Il paper published
In the Parish of Orleans and the corpora
ton shall proceed to settle up and adjust
its business and affairs. If all stock
holders consent in writing to a dissolution
then on filing such consent in the office
OF the secretary of state, he shall issue
his certificate as aforesaid and thereupon
the corporation shall wind up Its affairs
and settle its business as if the dissolution
had taken place AT "A meeting for that pur-
pose. Upon dissolution, the STOCKHOLM
shall elect from their number one or NOR,
hquid&tors. with full power to settle its
affairs, collect the outstanding debts sell
and convey the property, pay its debts
and divide the remainder among the stock
holders. who shall have power to meet and
act under the bylaws and under regula-
tons To be made by a majority Of such
lPuidatorS. to fix the price and prescribe
the terms and conditions of sale and take
notes and bonds secured by mortgage or
piice; to sue for and recover the debts and
property Of the corporation and TO be sued
likewise. Said liquidators TO receive such
compensation as may be agreed on by the
stockholders at the time OF their election
ARTICLE VIII-The subscribers here
to have each, in order that this charter
shan serve as an original subscription list,
Indicated opposite their respective names
ani signatures the number of shares of
stock subscribed for by each.
Thus done and passed in my office in
the city of New Orleans, La. In the pres
ence of Daniel Vending and H. Brown,
competent witnesses residing in this city
who have hereuntO sighed their names with
the said appearerS aud me, notary, after
due reading of the whole.
Original signed: Il. &. Fitzgerald New
Orleans La, 20 common shares: H. Cam
pagna, New Orleans, La 20 common
shares: +. W. Calongue, Jr, New Orleans,
La, 20 common shares
ETHELRED NJ. STAFFORD.
Notary Public
]. the undersigned. Recorder of Mort
cages. in and for the parish of Orleans.
state OF Louisiana. do hereby certify that
IN" act Of incorporation, Of the AutomO-
tive Road Insurance Inc was this day
duiy recorded in my office In book 1916,
fOliO....
New Orleans. May 81. 1920
tSignedJ: EMILE J. LEONARD ID r.
y true copy.
ETHELRED NJ. STAFFORD.
- Notary Public.