The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21
CHARTER.

use corporate seal; to purchase and re-
eeive. lease hold. sell and convey, as well
as mortgage and hypothecate, property,
real, personal and mixed; to name and
appoint such officers and agents as the
interest of said corporation may require;
to make and establish such bylaws and
regulations for the proper management
and regulations Of its affairs as may be
deemed necessary. and the name to change,
alter and amend at pleasure.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City Of New Or
leans Parish OF Orleans. State of Louis
lana, and all citations and other legal pro.
cess shall be served upon the president or
this corporation, or, in case of his alb.
sence upon the secretary, or, IN case OF
the absence OF both of these officers, upon
the treasurer hereof.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished and the nature of the business
! to be carried on by it are declared TO
! be to engage in the buying and selling OF
automobiles, tractors, automobile and trac
| tor parts and accessories and TO repre-
sent as agent the manufacturers OF auto
mobiles tractors, automobile and tractor
parts and accessories, and generally 70
do each and every thing in connection with
| the business OF buying and selling auto
mobiles, tractors, automobile and tractor
| parts and accessories.
| ARTICLE IV.-The capital stock OF this
| corporation shall be Ten Thousand t$lO
100000 dollars. divided into one hundred
900 shares Of the par value of One Hun
dred (S100O0) dollars each. and may b'
increased to the sum of Fifty Thousand
| $3.50. 900. OO) dollars, divided into five hun
dred 5000 shares Of the par value OF Ont
Hundred (slO0OO dollars each, and thu
corporation is to be going concern whel
one-half of the capital stock has beel
subscribed and one-half OF which sub
scription has been paid for.
Each share of said stock shall be en-
titled to one % vote, either In person o
by proxy, at all general elections or meet
ings of the stockholders.
| ARTICLE V-No stakeholder shall eve
be held liable or responsible for the In
debtedness, faults or defaults OF this cor
pOration nor shall any mere informalit
in the organization of the corpOratio
have the effect of rendering the charte
null or of exposing the stockholders I
any liability beyond the unpaid balance
if any. on their subscriptions.
ARTICLE VI.-This corporation sha
! have all the powers granted to such cor
poratiOns by law and shall have the powe
, to contract, sue and be sued IN It's cor
| porate name, and to own, hold, receive
loan, lease. purchase sell ana convey 0
to hypothecate its property and to d
any and all acts and things Of any othe
kind. nature or description as may b
necessary to carry out the objects an
purposes of said business, as its interest
. and conveniences may require
/. ARTICLE VII.-Tko business OF TIL
corporation shall be directed by and vest
cd in a board of directors Of four a
members three of whom shall constitut
a quorum for the transaction of business
and the said board Of directors as frs
constituted shall be composed OF u. 1
Russ. H. p. Nathan, G. Owen Vincent an
Arthur A. Moreno, and they shall mol
office until the first Wednesday In Jun
, 1923. and on that day and on the sam
-, day thereafter each year, elections sha
= be held for directors at the principal OF
flee of the corporation and the electio
: shall be held at the hour Of twelve moor
c. p. Russ shall be first presiden
III. p Nathan shall be first secretary an
> G. Owen Vincent shall be first treasurer
( and they shall hold office until the firs
I Wednesday in June, 1923.
IL Failure to hold an election on the da
l specified shall not dissolve the corpol
D alton, but the directors shall hold the
;, respective offices until an election sha
e be held after thirty days notice OF n
r time and place thereof given to each stool
holder.
( Directors may act either in person {
e ARTICLE yIII-whenever this corpo
: alton is dissolved, either by Limitation, /!
y for any other cause, its affairs shall
J, liquidated by the board Of directors, WI
a are hereby vested with full power to Sc
: any or all assets of the corporation, eith'
II separately or In mass, ana TO conVt
3 full and complete title thereto, anu sna
}. have full power to do and perform
), acts necessary and proper to fully al
:. completely liquidate the affairs and al
E, tribute the proceeds. IL any, among .
d stockholders Of this corporation TO Z
: amount of stock held by each.
d Thus done and passed, In my notari
/. office, in the City of New Orleans,
: the day, month and year first above wri
r, ten, in the presence of A. c. StechmaI
II and Gladys Z. Rider, competent witnesse
y who hereunto sign their names, togeth
s with the parties thereto and me, Notar
e after a reading of the whole.
S G. Owen Vincent, T35 Union Street, Ne
J. Orleans, La, Twenty shares: Harold
e Nathan. 1856 Union Street, New Orlear
II La, Twelve shares; Ruth NJ. Seller, NC
e Orleans, La Thirteen shares; q. J.. Ru'
: Woodville, Miss. Thirty-fiyc shares.
l. Z. Stechmann, Gladys +. Rider. 49,
= Recorded in Orleans Parish In M.
It A, A. MORENO,
4, Notary Publ
If A true and correct copy Of the origin
Ir now on file and of record In my offit
re, orded ia VI. %. II.
r lime l6-July Il.