The herald., 1921-08-11
CHARTER.
CHARTER FOLsE HECKER AUTO
TRACTOR SCHOOL, INCORPORATED.

STATE OF LOUISIANA, CITY OF NEW
ORLEANS-Be il known, that on this 10Th
day of July. in the year OF our LORD one
thousand nine hundred ana .wentyr n,h+
lie, In and for the Parish Of Orleans, state
of Louisiana, duly commissioned and
sworn, personally came and appeared the
parties whose names are neremnto SUD
selves of the several acts of the Legisla-
ture, and more particularly the Act NO.
267 of the Legislature Of 1914, relative TO
the formation Of corporations, they nave
agreed to form a corporation under said
laws, for the objects and purposes and
stipuiations and regulations, to wit:
ARTICLE THE name and style Of this
corporation shall be the FOLSE HECkEE
AUTO TRACTOR SCHOOL, INCOR-
PORATED.
ARTICLE 1.-THE domicile shall be in
the City and Parish Of New Orleans, but
It may establish and maintain offices or
branches In any parish or State; 1t shall
exist and enjoy succession by its corpor-
ate name for a period Of ninety-nine years
from the date hereof, and may commence
business as soon as the stock subscribed
for and amount paid, as the law directs;
Ii shall have the power to sue and be sued,
to receive, purchase, acquire, mortgage,
rent lease property, real and personal,
issue full-paid stock, to contract, and en-
JOY all the privileges conferred and allowed
by law to corporations.
ARTICLE III-This corporation is
formed for the following purposes, viz. !:
"To train mechanics in the art of operat-
ingn3 repairing automobiles. motor
fXI rplanes, cars, vehicles also to
anufacture, sell or mortgage. all
property, movable or immovable
6g to said corporation, or otherwise.
y11CLE Iv-The capital stock Is here
fixed at the sum of Fifty Thousand
dollars, divided into One Thousand Shares,
OF the par value of Fifty Dollars each, to
be issued for not less than par. or for the
payment or exchange for property, or for
rights actually received or purchased by
this corporatino.
The capital stock may be increased or
decreased by majority Of shares voting
at meeting called for that purpose. said
increase to be mp to One Hundred Thou
sand Dollars.
ARTICLE Iv-This corporation shall be
managed by board Of directors composed
of five members: three shall constitute a
quorum for transaction Of business. The
Officers shall consist of a president. vice
president. secretary treasurer. all of whom
shall be elected by the Board of Directors
and who shall be members Of the board !;
they shall hold their Office for one year
and until their successors are elected and
qualified: all elections shall be by ballot.
The president, or. in his absence, the vice
president. shall be the proper person upon
whom all citations must be served. The
/ annual election shall be held on the last
I Wednesday of August Of each year. Each
share of stock Is entitled to vote, and the
I. holder shall have vote for each share of
stock he owns.
ARTICLE vI--This Act of Incorporation
may be changed, altered or amended by a
vote OF two-thirds Of the persons owning
. the outstanding stock or shares, at meet
ing convened for that purpose. after notice
shall have been given fifteen days to each
shareholder by publication i'm a newspaper
and by postal card through the mails, at
his last known residence. Should a ma
5ority Of shareholders vote to dissolve this
corporation, same shall be nauidated by
two commissioners appointed by the Board
Of Directors. =
No stock or shareholder shall have the
right to sell or transfer any share or
shares of this cooperation owned by him
until the expiration Of fifteen yads, after
giving written netice 20 the other stock.
holders, who will have the privilege of pur-
chasing the same at the actual cash value
thereof as established BY the books Of this
corporation. The original subscribers
hereto shall have the option Of purchasing
~ unsold shares not subscribed for before
pnertng them for sale TO the public, and
q It's par value. The officers shall elect
repository or bank for all funds Of this
Scrporancn, and all checks to be signed by
the president and secretary. -
3 NO indebtedness shah ps made without