The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-24
BUY
THE
BEST
CHARTER.

ton may require or demand; 10 make
and establish such bylaws, rules and
regulations for th" corporate manage
meut and control ut the affairs of the
corporation rs may be deemed ncccs-
Aary. convenient and eNpSdicut
ARTICLE 2-The domicie Of this cor
poratiun shall bc in the City of New
Orleans state OF Louisiana. and all cita-
tions and other legal process shall be
served on the President or IA his alb
| seuce, on the First Vice President
ARTICLE 3-The objects aud purposes
for which this corporation Is organized,
and the nature of the business to be car
| ried on by it, are hereby declared to be
/ as follows, to-wit:
! TO engage in the business Of selling.
! purchasing. trading and exchanging new
and used automobiles and tractors, To
| engage in the business Of selling all
! automobile parts and accessories, and 10
maintain and operate garage, and gen
| orally 10 do and perform any act or thing
necessary. convenient or proper for the
! carrying into effect the above named
| objects and purposes.
| ARTICLE 4.-The capital stock Of this
| corporation il fixed at the sum of
! Twenty Thousand Dollars lS20OO0OO),
divided into two hundred (2O0) shares
| of the par value of one Hundred Dollars
| CSlO0o0) each. All shares of stock shall
| be full-paid and worcestershire.
Said stock shall bc paid for in cash,
or the same may be issued. ut not less
than par, for labor done or for services
rendered 90 the said corporation, or for
property or rights actually received by
said corporation.
This corporation shall have the right
to Increase its capital stock up to the
further sum of one Hundred Thousand
Dollars (SiOO 0OO), or any part thereof,
to be divided into shares of one Hun
dred Dollars 100000 each, provided
said increase In the capital stock shall
have been authorized by the stockholders
at meeting held pursuant to the pro-
visions Of law.
This corporation shall be and become
o going concern when nifty 600 per cent
OF its stock shall have been subscribed.
ARTICLE all the corporate powers
or this corporation shall be vested In
and exercised by a Board of Directors,
composed Of five stockholders, "a majority
of whom shall constitute quorum for
the transaction of all business.
The Directors shall be elected annually
by ballot, by the stockholders, on the
first Tuesday of December in each year.
The first Board Of Directors of this
corporation shall cOnsit of j. EMILE
JARREAU, whose pOstOftice address is
New Orleans. Louisiana; CHARLES A.
STAIR, whose postOffice address Is New
Orleans. Louisiana, and MILTON LAS
RER, whose postofice address is New
Orleans, Louisiana, with j. EMILE JAR
REAUIE as President; CHARLES A.
STAIR as Vice President; MILTON
LASKER, as Secretary Treasurer; to
serve until the first Tuesday in Deem
Der, 1922, or until their successors have
been duly elected and qualified.
No failure to elect directors shall be
, regarded as a forfeiture OF this Charter.
Any vacancy occurring on said Board
of Directors shall be filled by the re-
naming members Of said Board.
, Said Board of Directors shall have the
: right to appoint and dismiss such clerks.
? managers and other employees of the
corporation as in its Judgment may be
: The tenure of office Of all the EN-.
i ployees of the corporation shall be during
3 the pleasure of the Board.
a Each stakeholder shall he entitled, In
! | person or by proxy, TO one vote for every
share of stock owned by him. and all
q elections shall be held under such rules
:. and regulations as may be specified by
A the Board OF Directors.
ARTICLE 6.-This act of incorporation
may be changed, modified or altered, or
the said corporation may be dissolved,
with the assent of the stockholders own
m ing two-thirds of all the stock Of the
|. corporation. at general meeting con-
/. vened for that purpose, and after at least
A fifteen days written notice OF this meet
l. ing has been given personally or through
q the mail to each stakeholder at his last
), recorded address.
J. In case Of dissolution, by the expra.
ton of this Charter. or otherwise, after
h compliance with law, the stockholders
n shall elect two liquidators from among
! business and affairs of the corporation.
The said liquidators shall have full power
l. to settle the corporations debts and
!. divide the remaining money among the
II stockholders. In the event OF death or
; disability Of anyone OF the said liquida-
r. tors. the remaining liquidator shall full.
Is fill all the duties of liquidator. Said
X liquidator shall have the power to fix and
prescribe the terms Of sale OF said prop
erty and the manner In which the sale
shall be made.
They shall he vested with full final
and complete power and authority neces-
sary. proper and expedient to do and
perform any and every act and thing
necessary to wind up and liquidate the
business and affairs Of the corporation.
ARTICLE mo stakeholder shall ever
: be liable or responsible for the contracts
faults or debts Of said corporation, nor
i shall any mere informality I'm its organi-
4 zation have the effect OF rendering this
;. Charter null. or Of exposing a stock
I holder to any liability beyond the unpaid
d balance due on the shares OF stock sub
J. scribed for or owned by him.
II ARTICLE S.-The subscribers here
: unto have respectively written opposite
5 their names the amount Of stock In this
i corporation subscribed for by each OF
e them, 30 that this Act of Incorporation
| may also serve as the original subscrip-
4 ton list Of the corporation.
e Thus done and signed at my office, at
: the City Of New Orleans on the day,
4 month and year first above written, In
e the presence Of Charles Leblanc and
e Clarence j. Lauve. competent witnesses,
] residing in this parish. who have signed
y these presents, together with said ap.
4 bearers and me. NoAry, after due read
: ing Of the whole.
e Original Signed: Chas. Leblanc, Clar-
o ence J. Lnuve. c. A. Stair, so shares:
d Milton Lasker, 40 shares; J. Il. Jarreau.
y so shares.
: FRANK T. DOYLE.
= Notary Public.
]. the undersigned Recorder OF Mort
y cages in and for the Parish of Orleans.
D State OF Louisiana, do hereby certify that
: the above and foregoing Act OF Incorp0r-
e alton OF JARREAU MOTORS COM
d PANY, INCORPORATED, was this day
!. duly recorded in my office I'm book 1868,
u folio
II New Orleans La, November, 1921.
d sROBT SCOTT. by. II.
FRANK T. DOYLE.
n Notary Public.