The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-22
CHARTER.


parts and accessories and supplies therefor
and appurtenanceS thereto. including trail
prS. tractors. and similar equipment for
its own account and as agent Tor others,
to operate automobile carriages aud to
manufacture and assemble machinery Of
all kinds; automobiles, together with parts
thereof, and supplies, accessories and ap-
purtenances therefor. 10 own, operate" re-
pair. lease. store, aud deal in auto trucks.
farm trucks aud self propelled farm i'm
plcmcutS Of all character. including road
building machinery; 10 build. operate and
contract for roads of all kinds; to do a
general engineering and efficiency expert
ana contracting and conSt ructiOn business
aud to engage in all businesses incidental
to tn" purposes stated.
ARTICLE IN.-The capital stock Of this
corporation is hereby fixed at six thouS-
and dollars tSGOuu0Ot. divided into and
represented 10y sixty tiOD shares of the par
value Of one hundred dollars tSlOO.OOl each
which shall bee paid for in cash or NAV
b" issued. ut not less than par. for prop
crty actually received or services actually
rendered to the corporation. This cauifal
stock may be increased to the sum of one
hundred thousand dollars $500. 900 Oui. All
stock shall be franSf"rgbl" only upon the
books OF the Company aud in accordance
with its bylaws and regulations.
| ARTICLE V.--AlI the powers Of this cor
| PoratiOn shall be vested I'm and exercised
| by board composed of three 60 dirrc-
! tors. who shall elect from their number
President q TTeaturer. Vice President
| ana Secretary. The said Board Of Iii
| r"ctorS shall be elected annually on the
| hrSt MOndaF in January of each year the
| first election To be held in the wear 1927
/ MI such elections shall he by ballot. at the
oniC" of the corporation. Notice of an
| nual meetings, Is well AZ Of special meet
in"S of stockholders. shall be given by
! written notice mailed fifteen (lIl days in
advance of the date fixed for such meeting
| 10 tdch Niockholder appearing such on
"a ARl As Flt.a
| designated address or nj the general de.
| livery at New Orleans. ii he has not deSig
mated IN address. Each shareholder is en-
| titled to one vote for each share of stock
| Standing in his name on the books of the
Company, said vote to be east in person
or by proxy. ana the majority of votes
east shall elect The Board of Directors
| shall have the power to Till all vacancies
| which may occur on the Board. even
though no quorum remain at the time such
| vacancies are to bc filled. Failure to elect
| Directors on the day above specified shall
nor dissolve the corporation. but the hi
! rect0rS than IN Office shall remain in Office
until their successors are elected. The
| Directors may elect such other officers as
they deem necessary or convenient for the
| carrying on OF the Company business
and shall have power to unite two or more
offices and to confer the same upon one
person. or to diSpcuS" with any office in
its discretion. The Board of Director,
shall also have power to make and cStab.
| liSu. dN wen as aver ana amend, all bN-
laws. rules and regulations necessary and
proper for ;he support and mana cement
of the affairs and business of the corpora.
ton, and not Inconsistent with its charter
Two 90 Directors shall constitute a quOr
nm for the transaction of business Al
any meeting of the Board of Directors any
Director absent from the meeting may b,
represented by any other director. wSC
may cast the vote of the absent director
according to the written instructions o
said absent director. Until the annua
meeting in 1921, the Board of Director.
shall consist of the following: John Hen
ry, Seaman. Post Office address 4JO1 S
johnson Street. New Orleans, La: IeSli
q. Knight, Post Office address 1850 Jack
son Avenue, New Orleans. La. and ]
Blanc Monroe, Post Office address I42
Louisiana Avenue, New Orleans, La O
these John Henry Seaman shall be PreSi
dent. Blame Monroe Vice President Les
lie q. Knight. Secretary, and John Henri
Seaman, Treasurer
ARTICLE NI.-ThiS act of incorporatio
may be modified, changed or amended o
| this corporation may he dissolved in III
! manner provided by law. by a vote of two
I | thirds of the entire outstanding capita
{ stock OF all classes, present or represented