The herald., 1920-02-12
CHARTER.

ARTICLE 1.-THE domicile Of this cor
p0ration 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 II-The objects and pur-
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
chine and electrical work; to buy, sell,
repair and generally deal in automobiles
automobile trucks and other notOr-driven
vehicles and bicycles and automobile and
bicycle supplies, and all other business in
cidental to the retail and wholesale auto
mobile. automobile truck aud bicycle bus
mess; TO promote and assist financially
any person, nrm 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 mot0r-driyen vehicles, for any
money lent on the security thereof, and to
keep and store said automobiles, automo-
bile trucks and other mOtor-driven vehi-
cles pending their redemption; with the
right and mower to do any and all things
necessary or connected with, or in any
manner incidental or complementary to
forth.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at ten thOus-
and dollars (Sl0,OO0.O0), to be divided into
and represented: by one hundred QOO)
shares of the sum of one hundred dollars
NlVo0O) each, payable in cash or its
equivalent at the time of issuance. The
capital stock of this corporation may 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. a majority of whom shall
1 a mann TO-. h~
of business. The Board Of Directors shall
elect annually from their number a Pres.
ident, a Secretary and a Treasurer. The
first Board OF Directors shall consist OF
posed of Edward l.. Knott, residence SI3l
Hickory street, New Orleans, La; Arthur
:. Homan. residence S23S COhn street, New
Orleans, La: Archie NJ. Smith, residence
with the said Edward l.. Knott as Pres
ident the said Arthur s. Holman, 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. TIL,
annual meeting of stockholders for tn,
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.
scriber for stock shall ever be held liza
bic for the contracts. faults or debts OF
this corporation in any further sun thar
the unpaid balance, if any, due the corpor
alton on the stock for which he has sub
scribed nor shall any stakeholder ever b,
held liable for such contracts, faults OF
debts in any further sum than the unpaid
balance. IL any, on the stock owned by
him; nor shall any mere informality il
organization have the effect of renderin.
scriber liable beyond the unpaid amount
If any. remaining due on his stock.