The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER.

ARTICLE 1.-THE domicile of this cor
| poralon Is hereby fixed at the City of
New Orleans, State of Louisiana, and all
| citations or other legal process shall he
served upon the President of said corpora
ton. or, in his absence, upon the Secre-
tary, or, in the presence of both upon the
Treasurer.
ARTICLE III.-The objects and mr.
poses OF this corporation and the nature
OF the business to be carried on by it, are
hereby declared to be, to engage in ma
chlhe and electrical work; to buy, sell
repair ana generally deal in automobiles
automobile trucks and other tor-driyen
vehicles and bicycles and automobile and
bicycle supplies, and all other business in
cldental to the retail and wholesale auto
mobile. automobile truck and bicycle bus
mess TO promote and assist financially
any person, firm or corporation engaged
IN the business of selling automobiles
automobile trucks and other motor riyen
vehicles, at retail or wholesale: to accent
IN pledge automobiles automobile trucks
or other motor-driven vehicles, for any
money lent on the security thereof and Ia
keep ana store said automobiles autOmo.
bile trucks and other motor driven yehi-
cieS pending their redemption; with the
rlght and power TO do any and all things
necessary or connected with or In an
manner incidental or COMPLEMENTARY "a
forth
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at ten thous-
and dollars (Sl0,OOO.OO), to be divided into
and represented by one hundred CIOGI
shares of the sum of one hundred dollars
lSlWOO) each, payable in cash or its
equivalent az the time of issuance The
capital stock of this corporation NAV be
increased to the sum of one hundred
thousand dollars.
ARTICLE v.--All the corporate powers
OF this corporation shall be exercised by
a Board, OF Directors. consisting of not
less than three and not more than five
stockholders, majority of whom shall
fnr
OF business. The Board of Directors shall
eject annually from their number a Pres
ldent, Secretary and a Treasurer The
hrst Board of Directors shall consist of
three stockholders, and shall be com
posed of Edward L. Knott, residence Si3l
HICKORY street, New Orleans La: Arthur
). Homan. residence S23S Cohn street New
01rieans, La: Archie VI. Smith. residence
with the said Edward l.. Knott as Pres
ident; the said Arthur s. Holman, as Sec
retary, and the said Archie NJ. Smith, as
treasurer. These directors and officers
snail 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 stakeholder or sub
sGriber Tor stock shall ever be held liza
PIE Tor the contracts. faults or debts of
TINS corporation in any further sum than
the unpaid balance. If any due the corpor-
auon on the stock for which he has sub.
scribed: nor shall any stakeholder ever he
held liable for such contracts. faults or
debts in any further sum than the unpaid
balance, II any, on the stock owned by
MIN nor shall any mere informality in
organization have the effect of rendering
this charter null. or rendering any SUBJ
scriber liable beyond the unpaid amount.
IL any, remaining due on his stock.