The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-15
CHARTER OF AUBERT MOTOR CAR
COMPANY, ATED.

Louisiana. Parish Of Orleans. lie it
known, that on this first day of June,
in the Year of our Lord one thousand.
nine hundred and twenty. before me,
Francis T. Burns notary public in
and for the Parish of Orleans, star,
OF louisiana; duly commissioned and
qualified. and in the presence of the
undersigned witnesses, personally came
and appeared, the several persons
whose names are hereinafter sub
Scribed, of the fun age of majority.
who declared to me that availing them
selves of the laws of this State rela-
tive to the organization of corpora
tionS, and more especially of Act 267
OF 1914, page 81, Of the legislative
acts OF this state, they have covenant
ed and agreed. and by these presents
and their successors and assigns to
form themselves into n corporation and
body polite for the objects and pur-
poses and under the StipulationS here
matter set forth. to-wit:
ARTICLE 1.-The name and title of
mis- corporation shall be ALBERT Motor
car company, Inc. and under such
title ii shall have and enjoy succession
for period of ninety-nine years from
date hereof and shall have power and
authority 10 contract. sue and be sued
same to break and alter at pleasure:
to hold, Sell, lease, mortgage hypothe-
cate or pledge property, real personal
or mixed necessary, incidental or
proper Tor the carrying on of its bust
ness; to buy and to hold stock in any
other company or companies that NAV
assist this company in its objects and
purposes; to make and issue notes and
certificates of Indebtedness: name, elect
ana appoint managers, directors and
clerks or other employees to properly
conduct its corporate business and TO
make such bylaws, rules and regula-
tions as may be found necessary or
desirable for the management and bus
mess affairs of this corporation and
generally to do every other act, mat
ter or thing necessary for the com
plete and proper carrying out of said
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
Orleans, Parish of Orleans State Of
Louisiana, where all citation and other
process shall be served upon the pres
1dent, or in the absence of the presi-
dent, upon the vice-president, or in
the absence OF both, upon the secre-
ARTICLE III--Tn. objects and pur-
poses OF this corporation are hereby
declared and stated to be: To buy, SELL
lease, repair and generally deal in au-
tomobileS, motor boats, other motor
driven vehicles. bicycles, aeroplanes.
dirigibles balloons and other motor
propelled air craft, and automobile,
motor boat, bicycle. aeroplane and 9TH
err motor propelled air craft supplies.
and all other business incidental to the
retail and wholesale automobile, motor
boat, bicycle and air craft business:
to promote and assist financially any
person, nrm or corporation engaged in
the business OF selling automobiles,
motor boats and other motor driven
surface and air vehicles, at retail or
wholesale. This corporation shall have
the power and authority to carry out
any and all of the aforesaid objects
and purposes in the States of Louis
lana and Mississippi, and any other
state of the United States in which
TINS corporation may see fit to do bust
ness. And generally to do any and
all other acts and exercise any and
all other powers necessary or proper
to attain and further any of the fore
going objects and purposes.
ARTICLE IV.-The capital stock of
this corporation is hereby fixed at the
sum Of Ten Thousand (s1O.OOO.OO) Dol
lars: divided into one hundred shares
Of the par value of one hundred $1,000
dollars each, provided that the amount
to which the capital stock of this
be two hundred and nifty thousand
$3.50, OOO.OO dollars. Fifty per cent of
the capital stock of this corporation
must be subscribed for before the fill
ing of the articles OF Incorporation.
The subscribed capital stock of this
corporation shall be payable in cash,
vices performed or rendered. No
stakeholder shall ever be held liable
or responsible for the faults, contracts
or debts OF this corporation in any
further sum than the unpaid balance
due the corporation on the shares of
stock subscribed for by him, nor shall
any mere ln1Ormallty in the 0rganiZa-
ton have the effect of rendering this |
charter null or of exposing any share |
holder to any liability whatsoever |
This corporation shall not engage in |
business until five thousand S5,000.0O |
dollars of the capital stock shall have |
been issued and actually paid in |
either in cash, property or services as /
aforesaid. II any of the stock of this |
corporation is exchanged, in whole or |
in part for property or good will, in |
that event the provisions of section |
OF Act 267 of 1914 shall be strictly |
complied with.
ARTICLE N.-All the corporate DOW
ers of this corporation shall be vest
ed in and exercised by a board of di-
rectors composed of three CD stock
holders, each of them shall own, in
his own right. during his term of Of
flee, at least one full-paid and unpledg-
ed share of the capital stock. which
shall be shown by his written declara-
ton, two CD of whom shall consti-
tute quorum for the transaction of
business. The officers of this corpor-
alton shall consist of a president, vice.
president and OBSERVATION-DISCLOSURES, all |
OF whom shall be members of the board
OF directors. The following named per-
sons shall constitute the Board Of Di-