The herald., 1920-01-08
CHARTERS.

4
the votes cast shall elect. The Board of
Directors shall have power to fill all va
cancies that may occur In the Board
Failure to elect directors on the day above
specified shall not dissolve the corporation
but the Directors then in office shall re-
main in office until their successors are
elected and qualified. Due notice of an
other election shall forthwith be given as
above provided. Such notice of election
shall be continued to be given until an
election Is held. The Board of Directors
at their first meeting following each an
nual election shall elect from their num-
Der President, Vice-President, and a
Secretary Treasurer, and such officers as
the Board of Directors shall deem neces-
sary. The Board shall have power, in its
discretion, to unite two or more offices,
and the same to confer upon one person,
and shall have power to fix the salaries
of all officers and all such other officers
and employees as they deem necessary.
The Board Of Directors shall have power
to make and establish, as well as alter and
amend all bylaws, rules and regulations
necessary and proper for the support and
management Of the business and affairs
of said corporation, not inconsistent with
its charter. Said Board shall also have
full power and authority to borrow money
and through the President or some other
duly authorized agent or agents, 10 exc
cute mortgages, issue notes, bonds or
other obligations, in such amount and on
such terms as in their judgment may be
advantageous and generally to do all
things necessary for the proper carrying
on Of the business of this corporation, as
also TO issue and deliver full paid shares
Of stock and bonds or obligations of this
corporation, in payment of money bor-
rowed, or money, labor, or services and
property or rights actually received by
this corporation, as heretofore setforth
and shall have power to do all such acts
ana things as may be necessary TO carry
out the objects and purpos& for which
IL nj cd
A majority of any of the Directors shall
constitute quorum for the transaction
OF any business. At any meeting of the
Board, any Director absent from the meet
ing may be represented by any other di-
rector, who may east the vote of said
absent Director, according to the writ
ter instructions of said absent Director,
The Board of Directors shall have the
power, by vote of not less than a ma
iority thereof, TO sell, lease, mortgage, by
bond mortgage or otherwise or to pledge
any and all of the property movable or
immovable, belonging to the corporation
or TO receive in exchange therefor, money
or stocks or bonds or other obligations of
another corporation, without referring to
the shareholders for the power to do SO
and they may also purchase for stock in
TINS corporation or for cash or on credit,
property of any kind required for any OF
the purposes of this corporation, with.
out authority Of the shareholders
Cntii the next general meeting to be
held under this charter on the second
Monday In November, 1920, or until their
duly qualified successors are elected and
installed. the Board of Directors shall be
composed of Ruel j. Siegel, New Orleans,
La; John L. Garcia, New Orleans, La,
and Eugene A. Garcia, New Orleans. La.
with Ruel ]. Siegel as President. Eugene
A Garcia, as Vice President and John Il
Garcia. as Secretary Treasurer
ARTICLE VII.-This charter NAV be
amended and the capital stock of this cor.
no GOD
or this corporation may be dissolved ID
the method and manner provided by law
ARTICLE vIII.--No stakeholder Of this
corporation shall ever be held liable OF
responsible for the contracts or faults AZ
this corporation in any further sum than
the unpaid balance on the stock for which
he has subscribed. nor shall any mere i'm
formality in organization have the effeca
of rendering this charter null or of ex-
posing a stakeholder to any liability than
as above provided.
ARTICLE X.-No stakeholder may sen,
assign or transfer his stock in this cor
poration without giving to the company.
through its secretary, thirty days notice
In writing of such intentions, and the
other stockholders shall have the first
privilege of purchasing the said stock AZ
the book value thereof for a period Of
thirty days from the said notice, after the
expiration Of which time said stock may
be sold in the open market.
Thus done and passed, in nv office At
the lily OF New orleans, La, on the day,
menth, and year first above written A In
the presence of Thelma Elliott and D."V.
Doussan, competent witnesses, who hSre-
unto sign their Names together with the
said appearers and me, Notary, after dhe
reading of the whole.
tOriginal Signed)
JNO. Z. GARCIA,
Sixty-two (62) Shares.
X. j. SIEGEL,
sixty-two (6e) Shares
EUGENE A GARCIA.
One (D Share.s
Witnesses:
ID. V. Doussan,
7. Elliott.
c. 7. STARKEY.
Notary Public.
i, the undersigned, Recorder of NOT
cages In and for the Parish of Orleans,
State Of Louisiana, do hereby certify thai
the above and foregoing Act Of Incorpora-
ton Of Siegel- Garcia Motor Company, m
| corporated, was this day duly recorded
In my office. in Book 1921. folio 761. :,
! New Orleans, December 2, 1919.
(SeaD
(Signed) EMILE J. LEONARD, by. II,
i hereby certify that the above and fete-
| going Is true and correct copy of ne
original on file and of record inmy "
flee.
| c. T. STARKEY.
I Nat Dxs1.v n.