The herald., 1920-02-19
CHARTER.

ARTICLE 1.-THE domicile of this cor
poration is hereby fixed at the City of
New Orleans, State Of Louisiana, and all
citations or other legal process shall be
served upon the President of said corpora
lion. or, in his absence, upon the Secre-
tary, or, in the presence Of both upon the
Treasurer.
ARTICLE III-The objects and pur-
poses OF this corporation, and the nature
OF the business TO he carried on by il, are
hereby declared TO be, 10 engage in ma
chine and electrical work; to buy sell,
repair and generally deal in automobiles.
automobile trucks and other Otor-driyen
vehicles and bicycles and automobile and
bicycle supplies, and all other business in
cidental to the retail and wholesale auto
mobile. automobile truck and bicycle bus
mess; TO promote and assist financially
any person, frm or corporation engaged
IN the business of selling automobiles.
automobile trucks and other motor driven
vehicles. mt retail or wholesale: to accept
in pledge automobiles. automobile trucks
or other motOr-driven vehicles, for any
money lent on the security thereof. aud TO
Keep and store said automobiles. automo-
bile trucks and other motor driven vehi-
eleS pending their redemption; with the
right and power TO do any and all things
necessary or connected with, or In any
manner incidental or complementary TO
forth
ARTICLE lv-The capital stock of this
corporation is hereby fixed at ten thOus-
and dollars (Sl0.0O0OO), to be divided into
and represented by one hundred 900
shares of the sum of one hundred dollars
(SlO0OOD each, payable in cash or its
equivalent az the time of issuance, The
capital stock of this corporation may be
increased TO the sum Of one hundred
thousand dollars
ARTICLE VAN the corporate powers
of this corporation shall be exercised by
IA Board of Directors. consisting of not
less than three and not more than five
stockholders. majority of whom shall
1 az tNaasA
| of business. The Board of Directors shall
elect annually from their number Pres
ident, Secretary and a Treasurer. The
! tirst Board Of Directors shall consist of
| three stockholders. and shall be com
posed Of Edward l.. Knott, residence Sl3l
| Hickory street, New Orleans, La; Arthur
:. Holman. residence S23S COhn street New
Orleans, La; Archie NJ. Smith. residence
with the said Edward l.. Knott as Pres
| ident; the said Arthur ). Homan. as Sec
rotary, and the said Archie NJ. Smith, as
Treasurer. These directors and officers
shall serve until the last Wednesday in
January, 1921. or until their successors
have been duly elected and qualified. The
annual meeting of stockholders for the
election of directors shall be held on the
last wednesday in January of each year.
unless said day be a legal holiday, and
| then on the next day thereafter.
ARTICLE VINO stockholder or sub
| scriber for stock shall ever be held liza
Bile for the contracts. faults or debts of
| this corporation In any further sum than
the unpaid balance. il any. due the corpor-
alton on the stock for which he has sub.
| scribcd: nor shall any stakeholder ever be
| held liable for such contracts, faults or
debts in any further sum than the unpaid
balance. N any, on the stock owned by
him; nor shall any mere infOrmality in
organization have the effect of rendering
| this charter null. or rendering any sub
| scriber liable beyond the unpaid amount
II any, remaining due on his stock.