The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-08
cHARrp,~

the v,ii residing, ana 81
dl'g1r sis persSs,,siIia.a y "a
declare d.ol, that a Tae yuHdeisis:,
tive ti,,S to the = or tas law. Of n.
a as7 especially the I alton
, no, passed BY Tho ptNoTisiss, M,
ing ID in a'G tSis a.. thereby ,ss
a Va , Of 1914, they h. other tSss
and do by tbes aave cOven,.I
their heirs 'e si1 ,nt s@sIS'slt,
ny form themseesISSaassn 70 i,s%
ton for the and Shi Their ,u S5s =,
oARTlCLE I-Tbtss and pSr.l 81
corporation SHAH y name al \,
said sto o1a s qR1ae; said S ssIs,.
L Ef4nted by the lsx s PAYABLE ~ M
vi. nneld from Cos OF this -
of T this h ic cd1aoil 1.-THE sSiss;,
o 20 be the buying ar. are dscls's
ca,ly driven auto1d ana self,,
other power yeSiiceIIooiles W.
, ,Eleai charges and eS,t Tie vi,
.ne garaging for HIafglng ~
any business Jus, S4a EiSse9iesraIly tie e ~ !,
S S6 growing GROWN out Of s,i q 1 ase.''S
power to purchase , ,rs,o ss,F
or o' GispSgso OF a all kinds and Pt ~
ARTICLE IIi-T ~ pleasure
capital stock Of M. ne pres.a, n
of sieS 81 into oooi 100 shares pS q
whole or fractionaIu .s eeftiaests
shall stock shall Ss s HI Rs
of t hhriGpe g,.,. in accor SdssS' 3, .
The amount to Whit, :,
tal stock Of this c %nlcn The psn
t tp Use is hereby dee cISU,sfi.a u
20 :, be Represented b v "a 70 I'd.
par value Of slOOOo ~ ~ 90 slss y
IN capital stock 4. e iW, and vi
fractional shares iof eiAs !,
All Of the can,,.,
pOration is to be- sou, STOCK q ~
CORPORATION shan cOmmsa.'t St !
now provided by law 'neaee bSes
Each share OF s,a.,
holder thereof 10 on S.OcA saall as
personally or by written sI' t . sss
fractional share shan hail. ~. sisrI i
thereof to such frscta ., saailts d
of of st stoc represented By Ii. I'M ii,;sss,s
ARTICLE Iv-Ths ..,,
he partially or eonSit, ssia sloct Ii
S Selhg a condition precedent . .
dltlon under which the s,a., NJ s
poration is subscribed s no., Z u
stock presently subsc,,s .asI lss
subscribed or issued sasII = q
OF being negotiated. SI a.', y Nh
mortgaged, nor shall Or c.s IN
acquired under apy Oi.S ssa ~ d
gage geo, or hypOthecation }; ~ n
cepting first such pleS 4, ''sa s'
gage or hypothecatiop /. s,, pm
stockholders Of This sa,, suenlaa
ing assembled, at a pss,',s u
called for that purpose. sDs
meeting three-fourths N \. = ~ 'la
In number and amount w, ins ai,a.
aoly upon, and especially ,,,, "
negotiation. pledge, pawn ' !.
the whole to be evidenced All. -
fertin SGl copy Of the nInute. 4 y sls
ing g, bearing the seal Of III, 7 ,' !.
The said stock shall oD,, : !.
or conditionally the subjst y \ 4
transfer, and no stock r,' : =
seflbed for or issued or 49,
scribed for or issued shsll - ~
made the subject Of sale ., ~.
cept solely after the subcrIb,,r, ' !. (.
shall first have Offered a, ~ !:
stockholders and owners M. u,
owning the balahc, Of DE- ~ 80. !. ].
corporation, the stock whkI a
stockholders and owners th,S ~.
oifer must be in writing ana y \.
OF thirty days, addressed "a nm :.
ton and to the stockhoId,,, !
upon the stock ledger Or stoei ~ ;.
records. IVA W"
1t is further conditioned N -
precedent to any sale thst a, n i
sale OF such stock shah be n !, =.
exceeding the book value q M !
as shown by the books Of 4, s.rr,
at the time Of Its inception h FL
within one year, or as shown by i
OF the corporation at the bsrt -
annual meeting, II offered st,s a =
meeting, and at which Price lH b
term any or all Of the eri,thf I;
holders shall be entitled 10 p,rlr I
whole or their proportional nn -
within the said term Of thiry n
These provisions and ecaddiu I
sale, transfer, resale, mortugs ha n !
pledge or hypothecation h irrs 1
all Of the subscribers Of hi, n,rut
on their own behalf and o. Ne VI
their heirs, assigns and xccnsa Il
Is accepted BY them % Z nsirf \:
sion and condition Of he ubgh,E /
the stock In this ccrporltiu.
ARTICLE v-No stckhoas 1 /:
corporation shall ever be HI N 1
responsible for the faults o. utnt I
this corporation In any flrAs n !.
the unpaid balance due tie sDnssi|
the shares subscribed BY lin. n 4
any mere informally IN Il, xp,zl
Of this corporation have he I'd ~
dering this charter null u sIpsH 4
stakeholder or subscribe b ~ ~
beyond the amount unpdi W !
stock.
ARTICLE vI-The dsnltik 4 hssI
poration shall be In the CITY 4 ~
leans, State Of Louislana, ils u ~
or other legal process shall y IN
| the president Of this eorpsn1S
Ms absence on any sther @msr|
now authorized By law to rrsR ~
ARTICLE vII-Thls fspsnnz :
exist for q term Of ninelJ.niR ~ !
less llquidated prior therds .
provided by Act M of ne MasS
isiana Of the year 1g14
ARTICLE vIII-AIl csrpsu1e
| of this corporation shall b s1e :
~ by and through q Board y
to be composed Of not - ~
nor more than fifteen stcckhdan ,
said directors shall have ne 60
in person or By writtsn pfcu
GERS of the said board .Asil 49,
dent. a vice-president and 4 49,
a treasurer, and more than ~ ~
be held by one member q We
Directors. 4
The OFFICERS for the sasslsi = \ 4
be elected immediate!y iels@a -
sage Of this Act q lncsisx
shall hold Office ustil 0csea i, y
until their successors s1ail 80
and qualified, the inaan .ss 4
meeting of this corpef1uoa "a u. x 4
on the LIST day Of October ~ |, \
cepting when said day s 3
non, in which event the n ~ ir "a
be held on the next folles,r ~
| such date as may be hereiis sss'
as an adjourned date o. ~
called. All elections sr y ~
and a majority Of votes ~ - : 4 =
each share Of stock 70 ss.'t' !, -
thereof to one vote. wne.. ',;..i b :
by proxy, and each nse' - ~
entitIe the owner thersio ~, y
vote as his said frscfionn
| one whole share. -. All VI
ARTICLE Ix-All cheer ,. ~ y
by two officers Of this eoiss x .
contracts shall BE- a s ...,,,nsss.i1,