The herald., 1921-08-04
CHARTER.
CHARTER FOLsE HECKER AUTO
TRACTOR SCHOOL. INCORPORATED.

STATE or LOUISIANA. CITY OF NEW
it known. that on this l'th
day of July. in the year OF our L"ru one
thousand nine hundred and tWrnty-"h"'
before me. Frederick Deibel, notary pun
lie. i'm and for the Parish of Orleans, state
of Louisiana, duly commissioned ana
sworn personally came and aPp"ared> IN"
parties whose names are hertuhto SUI
scribcd. who declared that, yvailinE them
selves of the several acts of the Ieglsla-
ture. aud more particularly the Act NJ,
2G7 of the Legislature of 1914. relatl't 10
the formation of corporations. they haNt
agreed to form Il corporation under Nald
laws, for the objects and purposes and
stipulations and regulations. TO wit:
ARTICLE The name and style Of this
corporation shall be the FoLSE HES h hEi'
Alto TRACTOR SCHOOL, lNCok-
PORATED.
ARTICLE 1.-THE domicile shall be in
tbe civ and Parish of New Orleans, but
II NAV establish and maintain offices or
branches in any parish or state IL shah
exist and enjoy succession by lts corpor-
ate name for 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 10 sue ana ne Sueu'
to receive, purchase, acquire mottsaeS'
issue full-paid stock, TO contract ana en-,
JOY all the privileges conferred and allowed
by law to corporations.
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 Ia
renair manufacture sell or mortgage all
kinds of property. movable or immovable
belonging to said corporation, or OTHERWISE
ARTICLE IV-The capital stock is here.
by fixed at the sum of Fifty Thousand
Dollars. divided into One Thousand Shares,
of the par value of Fifty Dollars each, 70
be issued for not less than par. or for the
payment or exchange for property. or for
rights actually received or purchased b!
this corpOratino.
The capital stock may he increased OF
decreased by a majority of shares voting
at a meeting called for that purpose sand
increase to be up TO One Hundred Ihou
sand Dollars.
ARTICLE Iv-This corporation shall bC
managed by a board of directors composed
of five members; three shall constitute a
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
and who shall be members of the board
| they shall hold their office for one yeal
and until their successors are elected and
qualified: all elections shall he by ballot
| The president. or. in his absence, the vice
|
whom all citations must be served. The
annual election shall he held on the last
| Wednesday of August of each year. Eacf
| share of stock is entitled to vote. and th'
| holder shall have a vote for each share Of
stock he owns.
| ARTICLE VI-This Act of Incorporation
may he changed. altered or amended by 9
| vote of two-thirds of the persons owning
| the outstanding stock or shares. at meet
| ing convened for that purpose. after notice
| shall have been given fifteen days to eacl
| shareholder by publication in a newspaper
and by postal card through the mails, al
| his last known residence. Should ma
| jority of shareholders vote to dissolve this
| corporation same shall be liquidated by
| two commissioners appointed by the Board
of Directors.
| No stock or shareholder shall have tht
| right to sell or transfer any share oil
| shares of this cooperation owned by hin
until the expiration of fifteen yads, aftel
giving written notice to the other stock
! holders, who will have the privilege of pur
| chasing the same at the actual cash value
| thereof as established by the books Of thii
! corporation. The original subscriber
| hereto shall have the option of purchasing
| all unsold shares not subscribed for before
| offering them for sale to the public. and
| at it's par value. The officers shall elect
| depository or bank for all funds of thii