The herald., 1921-07-21
CHARTER.
CHARTER FOLsE HECKER AUTO
SCHOOL, INCORPORATED.

STATE OF LOUISIANA, CITY OF NEW
ORLEANS-Be it known. that on this 10Th
day of July. in the year Of our Lord one
thousand nine hundred and twenty-one,
before me- Frederick Deibel, notary pub
lie, in and for the Parish of Orleans, State
of Louisiana, duly commissioned and
sworn, personally came and appeared the
parties whose names are hereunto SUD-
scribed who declared that availing them
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 have
agreed to form a corporation under said
laws. fOr~ the objects and purposes and
stipulations and regulations, to wit:
ARTICLE THE name and style of this
CORPORATION shall be the FOLSE HECKEE
AUTO TRACTOR SCHOOL, lNCoR-
PORATED.
ARTICLE 1.-THE domicile shall be in
the City and Parish of New Orleans, Dut
il 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 :
il shall have the power to sue and De sued
to receive, purchase, acquire. mortgage,
rent lease property, real and personal,
issue full-paid stock, to contract ana en-
| Joy all the privileges conferred and allowed
, DN law 10 cOTpOTdtlOHs'
ARTICLE III-This corporation is
formed for the following purposes. viz /:
ITO train mechanics in the art of operat-
| ing and repairing automobiles, motor
trucks, airplanes. cars vehicles: also to
repair, manufacture, sell or mortgage, All
kinds of property, movable or immovable.
| belonging to said corporation, or otherwise
ARTICLE Iv-The capital stock is hire
] by fixed at the sum of Fifty Thousand
4 lsx-,I aIs rrfn nna 9 q nd MARES
| 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 c0rporatino.
| The capital stock may be Increase or
decreased by n majority OF shares voting
| at a meeting called for that purpose. said
/ increase TO be up to One Hundred Thou
sand Dollars.
ARTICLE IV-This corporation shall be
managed by a board of directors composed
i of five members; three shall constitute
quorum for transaction Of business. The
officers shall consist of president. vice
president secretary-treasurer. all of whom
shall be elected by the Board of Directors
i and who shall be members of the board
| they shall hold their office for one year
and unth 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 upOr
L WnOm all cltat1Ons must Dt SeTNtu NJ
annual election shall be held on the last
Wednesday Of August of each year. Eacf
| share of stock is entitled to vote, and thu
holder shall have vote for each share Of
stock he owns.
ARTICLE VI-This Act Of Incorporation
may be changed, altered or amended by ;
vote of twO-thirds of the persons owning
the outstanding stock or shares, at meet
ing convened for that purpose, after motto.
shall have been given fifteen days to eaci
shareholder by publication in newspape
and by postal card through the mails, a
his last known residence. Should a ma
jOrity of shareholders vote to dissolve thi
corporation. same shall be liquidated b!
two commissioners appointed by the Boar
of Directors.
No stock or shareholder shall have tn
right to sell or transfer any share o
shares of this cooperation owned by hin
until the expiration of fifteen yads, afte
giving written notice to the other stock
holders, who will have the privilege Of pur
chasing the same at the actual cash valu
thereof as established by the books of thi
corporation. The original subscriber
hereto shall have the option of PURCHASING
all unsold shares not subscribed for befor
offering them for sale to the public. an,
at it's par value. The officers shall elect
depository or bank for all funds Of thi