The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01
CHARTERS.

and place of the meeting. Each share
holder shall be entitled to one vote for
each share of stock standing in his name
on the books of the company, to be east
in person or by proxy, and majority of
the votes east shall elect. The Board of
Directors shall have power to ill 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, n Nice-President, and
secretary Treasurer, and such Officers aS
the board OF Directors shall deem neces-
sary. The Board shall have power. i'm its
discretion, to unite two or more ofCicas
ana the same to confer upon one pprson
ana shall have power to fix the salaries
OF All Officers and all such other officers
anu employees as they deem necessary
The Board of Directors shall have mower
10 make and establish, as well as alter and
amend all bylaws, rules and repulotioDs
necessary ana proper for the support and
management Of the business and affairs
OF said corporation, not Inconsistent with
us charter. Said Board shall also have
ruiz power and authority to borrow NANCY
ana through the President or some other
o.
cute mortgages, issue notes bonds or
other obligations, in such amount and on
| such terms as i'll their judgment NAV be
advantageous ana generally to do all
thlnSS necessary for the proper carving
on Of the business of this corporation a.
also To issue and deliver full paid shares
OF stock and bonds or Obligations of mis-
corporation, in payment of money Dor
roWeu or money, labor, or services and
property or rights actually received Inv
TINS corporation, as heretofore setfortb.
ana shall have power to do all such acts
ana things as may be necessary to carry
out the objects and PURPOSES for With
this corporation is organized.
majority of any of the Directors shall
constitute quorum for the TRANSACTION
OF any business. At any meeting of the
'oaru any director absent from the meet
ing may be represented by any other al
rector, who may east the vote of said
absent Director, according to tho writ
1ch instructions of said absent Director.
me bOard OF Directors shall have the
power, by vote of not less than a ma
yorlty thereof, to sell lease MORTGAGE nv
bond mortgage or otherwise or 10 nIed,e
ahy ana all or the property movable or
InilhoNaDle, belonging to the CORPORATION
or TO receive in exchange therefor monay
or STOCKS or bonds or other oblirations ~
another corporation, without referrinp "a
me shareholders for the power to do so:
ahu ny may also purchase for stock in
thlS corporation or for cash or on credit.
property OF any Kind required for any az
the purposes of this corporation. win.
our Fan authority tTy of the shareholders.
cnth the next general meeting IN he
held under this charter on the saconS
Monday in November, 1920. or until their
uuIy quallhed successors are elected and
installed, the Board of Directors shall be
composed of Ruel j. Siegel, New Orleans
La; John T.. Garcia, New Orleans. la
ana Eugene n. Garcia, New Orleans La
WIN Euel j. Siegel as President. Eugene
"A. Garcia, as Nice-President and John y.
Garcia, as Secretary Treasurer
ARTICLE VII.-This charter NAV he
amended and the capital stock of this cor
pcration may be increased or decreased
or inns corporation may be dissolved i'm
III. nltlhoI ana manner provided by law
ARTICLE NIII.-No stakeholder OF thJs
corporation shall ever be held liable or
responsible for the contracts or faults Of
.nlS corporation In any further sum than
me unpaid balance on the stock for which
ne has subscribed. nor shal any mere in
formallty in organization have the effec,
OF rendering this charter null or of ex.
po pc a stockholder to any liability than
| ARTICLE 1N.-NO stakeholder NAV sell
assign or transfer his stock in this cor
poration without giving to the company.
-, IT'S secretary, thirty days notice
IN writing of such intentions, and the
other stockholders shall have the first
privilege of purchasing the said stock at
me book value thereof for period of
thirty days from the said notice after tho
expiration of which time said stock NAV
De Soid In the open market.
Ihns done and passed i'm nv office M
the Clty or New Orleans, La, on the day.
month. and year first above written in
the presence of Thelma Elliott and II. v
Doussan, competent witnesses who here
unto sign their names, together with the
sald appearers and me, Notary, after due
! reading of the whole.
! toriginal Signed):
JNO. +. GARCIA,
Slxty-two 1927 Shares.
II. j. SIEGEL.
Sixty-two 1922 Shares
EUGENE A. GARCIA,
| u... One Q) Share
| ID. V. DOussan,
| Il. Elliott.
c. T. STARKEY.
| Notary Public.
| /, the undersigned, Recorder of Mort
| cages In and for the Parish of Orleans
state OF Louisiana, do hereby certify tina,
the above and foregoing Act of Incorpora-
ton OF Siegel-Garcia Motor Company. In.
| cOrporated, was this day duly recorded
In my office, in Book 1921. folio 16I.
New Orleans, December ., 1919.
| (SeaD
| (Signed) EMILE J. LEONARD DIV. II.
| hereby certify that the above and fore.
going is a true and correct copy of the
original on file and of record in nv Of
| flee.
c. T. STARKEY.
Notary Public.