The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
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
ton, or, in his absence, upon the Score
| tary, Or in the presence of both upon the
/ Treasurer.
ARTICLE III.--The objects and pur-
poses or this corporation, and the nature
| OF the business 10 be carried ON BY IT, are
hereby declared 10 be, TO engage in ma
chlne ana electrical work; 10 buy, SELL
repair and generally deal in automobiles
automobile trucks and other motor-d riyen
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
lness; 10 promote and assist financially
an! person, hrln or corporation engaged
automobile trucks and other motor-driven
vehicles, at retail or wholesale; to accent
III pledge automobiles, automobile trucks
or dung motor-driven vehicles, for any
money lent ON the security thereof, and to
keep and store said automobiles automo>
bile trucks and other motor driven yehi-
cieS pending their redemption; with the
rlSht ana power 10 do any and all things
necessary or connected with, or in any
manner incidental or complementary to
the objects and purposes therein set
forth.
ARTICLE Iy.-The capital stock of this
corporation is hereby fixed at ten thous-
and dollars tS1O,UO0.O0), TO be divided into
anu represented by one hundred Q0O)
shares of the sum of one hundred dollars
SlO0OO) 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 VAN the corporate powers
of this corporation shall be exercised by
Board of Directors, consisting of not
less IMAM three and not more than five
stockholders. Il majority of whom shall
cohsutute quorum for the transaction
of business. The Board of Directors shall
elect annually from their number a Pres
ldent, a Secretary and a Treasurer. The
1rst 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
>. Homan; residence SOS COhn street, New
Orleans, La: Archie NJ Smith residence
23l2 Broadway street, New Orleans La
with the said Edward j.. Knott as Pres
ident; the said Arthur ). 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 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 legal holiday, and
then on the next day thereafter.
ARTICLE Vino stakeholder or sub
scriber for stock shall ever be held La
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
scribed; nor shall any stakeholder ever be
held liable for such contracts faults or
debts In any further sum than the unpaid
balance, If any, on the stock owned by
hin; 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
IL any, remaining due on his stock.