The herald. [volume] (New Orleans, La.) 1905-1953, 1921-06-16
CHARTER.


In the event that any stakeholder de-
sircS to sell his stock or any part or nor-
ton thereof. he shall first offer same 20
the remaining stockholders, in proportion
TO their respective holdings at its nook
value. This offer is to be made to ap-
pear by letter addressed to each stock
holder at his last known address, Clvin.
thirty days option. At the expiration
of which time, the stakeholder desiring
Go sell or dispose OF his stock shall Na
~ liberty 10 do 50 ut whatever price and
20 whom he may please.
'ETCLE IX-This charter may be
modified or altered, the capital stock
thereof increased or decreased or the cor.
p0rafiou may Dee dissolved with the as
sent of two-thirds of the capital stock
present or represented ut any special meet
ing of the stockholders called Tor that
purpose, after prior notice in writing 10
each stakeholder, mailed to bin ut his
last known post office address, all in nc
D"rdauce with the terms Of Act 2G7 OF 1914
ARTICLE N.-At the expiration Of this
charter, or the earlier dissolution of this
corporation for any cause. its affairs
shall Doe iquidated by one or more Iqui-
GATORS 10 be elected by the stockholders,
all OF whom shall hold stock In this cor,
poration, and said Iiqudators are hereby
vested with fun power and authoritr to
hguidatr the affairs of said corporation.
with full power to act under the terms Of
. Section 30 OF Act 267 of 1911
Thus done and Passed, at my office
! in the city of New Orleans. Louisiana on
; the day. month and year hcreinahove
IlF>t written, IN the presence of Nirma
/ witnesses. who hcreunto sign their
/ names, together with the said appearcrs
ana me, Notary, and the said appearerS
have also set opposite their names the
number of shares subscribed by them
/ all after due reading of the whole
ORIGINAL SIGNED:
Richard \. Barnes. 400 shares Richard
/ 7. Mcbride | share. Jones T. ProweII
/ l share. John Il. Upton. Not. Pub.
: tier.
/ JOHN r. UPTON.
Notary Public.
/ I, the undersigned Recorder of Mort
cages. in and for the Parish Of Orleans.
State of Louisiana, do hereby certify that
/ the above and foregoing Act Of IuCorpor-
alton, of the Seven Eleven Auto COMPANY
Inc. was this day duly recorded in my
office. In Book 1858, Folio 1887 New Or
tSIGNEDl ROBT. SCOTT.
Detailed Descriptive and Estimative List
; of Property belonging to Richard
\. Barnes, exchanged for
stock in the
Neyen-F1eVen Auto Company, Inc
/ Eleven Automobiles, yaiued mt S26 600 90
as follows: Studebaker Seven Passenger
touring Cars, Model 1920, Motor Nos 10,
SOC, 1885, 1883, 22262 and 1905; l Cad.
lilac Seven Passenger Touring Car. Type
%. Model 1918, Motor No 913; 1 Cad
lilac Seven Passenger Touring Car. Type
o. Model 1919, Motor No. Y 543 Cadillac
/ Seven Passenger Touring Car, Type 81
Motor No. W 3O1. Model 1919: l Cadillac
Limousine, Type 3d. Motor No. o 436. Mod
el 1917; Cadillac Seven Passenger Tour
ing Car, Type 80, Motor No. X 500, Model
IL 1920; l Seven Passenger Cadillac Tour
ing Car, Type 80, Motor No. 5 81, Model
1870 Cash in Bank, $6l15s; Accounts
payable. 100000; Tools, etc, $1,000 90 I;
Furniture, $4,000; Lap Robes. $4,000 !;
Seat Covers, $500 90; Total S32. I'll. So :
Goodwill and trademark Seven Eleven
Auto Company. Inc, registered in the u
= Patent Office under the No. l4O,602.
Sl:2SS42 Grand Total S40.O00O0
We, the undersigned Board Of Directors
OF the Seven Eleven Auto Company, Inc,
appraise the above and foregoing prop
erty of Richard A. Barnes doing business
under the name of Seven Eleven Auto
ooIpany, Inc at the sum of Forty ThOus-
and (S4O,O0000) Dollars.
RICHARD =. BARNES
RICHARD II. MCBRIDE
J. 7. PROWELL
May 26-June 80