The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER.

4
and forty-ffth, before he. John NsrsheHI
Quintero, notary public. duly cornraGIh
stoned and qualified. in and for this ct,
and the Parish of Orleans therein resiS
ing and in the presence Of the witnss-
hereinafter named and undersigned nss
Sonally came and appeared the nerto
whose names are hereuHto subscribed MS
declared that availiug them selves ~ ~,
provisions of the laws OF TIE State az n
isiana. relative 10 the organization Of Gu
pOratiOns, and more particularly Act ~
2G1, Of the General ASSeWhl. of this S.a,o'
approved July Q, 1914 they have covansr.'
ID and agreed, and do. by these presants
covenant and agree, bind. fc-m and constS'
tute them selves, as well as such parSon
as may hereafter join or boone associataS
with them. into corporation and hod1
polite in law. for the ohi,.t~ ard purnosa,
and under the agreements ana >riuuIstiors
following. to-wit:
ARTICLE THE uar-. ar.l STYLE ~ ,b,,
corporation shall be Eria-l.- Hobbs Mo,ns
Car Company. Inc, and under thar NAM
il shall have and enjoy an .h. rights. nr;r
ilegeS and advantages granted ry law N
corporations. IL shall exist for % period 90
ninety years from I'd tarr: il sbsn
have the power to contract. sue and he
sued in. its corporate uar.". 10 make ana
use "A corporate seal. and -h- same 10 bra9t
or alter n pivasnrr. 70 hold. receive NM
chase. cultivate, improve. convey. mortgage
hypOthecate or pledge property both real
and personal: 10 issue bonds. notes ana
other obligations or negotiable instrn-
ments; 10 have and employ such managers
directors. officers. agents aLd other en-
ployrcs as the Interest and convenience of
said corporation may TrugI-. or demand.
to make and establish -. Dr. bylaws rulss
and regulations for the OH. -..rryt- MANAGE
mrnt and control of the aIfa.s. 81 the cor
poratiou as may be deemed i.-rssary and
eXpedieut.
ARTICLE 1.-THE domicll. Of said cor.
halI IL. d. q
New Orleans, State Of Louisiana and ali
citations and other legal process shall La
served on the President: in his absence. on
the Secretary. and, IN the absence Of both.
on the Treasurer.
ARTICLE III.-The objects and pur.
poses for which this corporation is created
are hereby declared 10 be: To engage in
the general automobile business; 10 buy
sell and deal in automobiles. automobile
| parts and accessories. including the sale
and purchase of gasoline and TO do a gem
| eral automobile storage business by day
| week or month. under such terms and con-
| ditiOus as the Board of Directors NAV
| deem fit and proper, as well as to engage
| in the automobile repair business and an
| other lines of business identified with or
| incident TO dealing in and repairing auto
| mobiles.
| ARTICLE Iv.-The capital stock Of this
| corporation is hereby fixed at the sum OF
| twenty-five thousand dollars ($25OOOO0
divided into two hundred and nifty (25OI
| shares, of the par value Of one hundred
dollars (S10oO0) each. All shares of stock
| shall be full paid and worcestershire and
| shall be paid for in cash or in property
| taken over by the corporation. No trans
fer of stock shall be binding on the cor
poration unless made upon its books, and
| all certificates of stock shall be signed by
such officers as may be designated BY the
| Board of Directors. This corporation shall
| have the right to increase its capital stock
to the further sum OF fifty thousand dollars
| $3.50 0O0.O0), to be divided into shares of
one hundred dollars $4,000 each, pro-
| vided said increase in the capital stock
| shall have been authorized by the stock
holders at meeting to be held pursuant
TO the provisions of Article V of this char
ter.
ARTICLE V.-All the corporate powers
Of the company shall be vested in and
the management and control of its affairs
shall be exercised by a Board Of Direc-
tors composed of five stockholders, a ma.
jority Of whom shall constitute a quorum
for the transaction OF all business. The
Directors shall be elected annually BY
ballot. on the fifteenth day Of February
in each year. Each stockholder shall be
entitled, in person or by proxy, TO one
, vote for each share of stock owned by him.
and all elections shall be under such rules
and regulations as may be determined by
, the Board of Directors, after fifteen (l0
days notice BIZ mail Of such election shall
have been sent to each stakeholder at his
: last known address. The Directors thus
, elected shall continue IN Office for one year,
, or until their successors shall have been
duly elected and qualified. No failure 10
elect shall be regarded as forfeiture Of
: this charter. Any vacancy occurring on
said Board Of Directors shall be filled by
: the remaining Directors for the unexpired
. term. The said Board shall, at the first
a meeting after its election. nominate. out
of its number, a President a Vice Presi.
don't n nd TroaOn ha
offices OF Secretary and Treasurer may be
D held by one person. Said Board shall have
the right to appoint and dismiss such
clerks. managers and other employees Of
: the corporation as conditions may justify,
( or the business Of the corporation may re-
: Quire. The tenure Of Office of all employees
: of the corporation shall be during the
] pleasure of the Board Of Directors. Any
s Of the Directors, or officers. shall have the
q right to appoint, by written instrument,
d another Director or stakeholder to act a
o his proxy, and In his stead, at any and
J: all meetings Of the Board Of Directors.
v ARTICLE vI.-Until the election to be
J. held on the fifteenth day of February,
!. 1922, the following shall constitute the
BGarG OF ge eus
d A. Bringier, William Hobbs and George
d G. Harris. of whom Amedee Gordon Brin-
s gier shall be President, Elzee T. Bringer
!. shall be Vice President, and Louis A,
/
70 they shall hold ONCE until the fifteenth day
r Of February, 1922.
E ARTICLE vII.-This corporation shall
II become a going concern when thirteen
Al thousand dollars (s13,000O0) Of its capital
l. stock shall have been subscribed.
&c ARTICLE vIII-Ns stakeholder Of this
n corporation shall ever be held liable or re-
n sponsible for the contracts, faults or debts
n Of said corporation, nor shall any mere
70 informally In its organization have tne
effect of rendering this charter null or Oh
i, exposing any stockholder 10 any liability
e. beyond the unpaid balance due on bs
shares owned by him.
Ce ARTICLE IX-No stakeholder In this
: corporation shall dispose of his stock y 4.
!. 4 any third party without first offering y
- to the corporation at its book value. Ine
m corporation shall have thirty 800 cay
\ within which to accept or reject this olsr
d and II said offer is not accepted upon tn'
ar expiration Of thirty 1907 days, he ca.
p then dispose Of his stock as he oeem'
O. proper.
p ARTICLE X.-This act Of fncorporanol
may be changed modified or altered, -, "
4 this corporation may be dissolved, wiz
o. the assent of the stockholders OWN.
Il three-fourths OF all the stock OF the cor
"a poratiOn, at a general meeting con'ene,
as for that purpose, and at least after =. ..'
az days written notice of this meeting Va
been given through the mail, addressed !. :
g. each stockholder at his last known pa "a
or Of residence. Whenever this corporauv
a. is dissolved, either by limitation or otn. =
wise, its affairs shall be liquidated !. y
at three nQuidators, to be selected py, -
he stockholders after meeting convened "
IN that purnose shall have been called.