The herald. [volume] (New Orleans, La.) 1905-1953, 1921-06-23
CHARTER.

as mortgage and hypothecate, property,
reaI personal and mixed; to name ana
appoint such officers and agents as the
interest of said corporation may requlIe
to make and establish such by-IhMs nlu
regulations for the proper management
and regulations of its affairs as may oe
deemed necessary, and the name TO chahse'
alter and amend at pleasure.
ARTICLE 1.-THE domicile or TINS COT
,urotion shall be in the City OF New Ut
cans. Parish of Orleans. Staie Ol ii" ,r[
lana, and all citations and other legal pro
rpss shall he served upon the president OF
this corporation, or, in case OF MS "p
sence upon the secretary, or. IN case Oh
the absence of both OF these oIilcers' uPo"
the treasurer hereof.
ARTICLE III.-The objects and pur-
noses for which this corporation Is eS-
tabIished and the nature OF the business
TO be carried on by IT are declareu 10
be to engage in the buying and selling OF
automobiles, tractors, automobile ana trac-
tor parts and accessories and 10 repre-
sent as agent the manufacturers or auto
mobiles. tractors. automobile and tractor
parts and accessories, and generaIIy 10
do each and every thing In connection WIN
the business of buying and selling auto
mobiles tractors, automobile and tractor
parts and accessories.
ARTICLE IV.-The capital stock OF TINS
corporation shall be~Ten Thousand lSlO
OOOOO) dollars, divided into one hundred
dred (S1OOO0) dollars each, and may be
increased to the sum of Fifty Thousand
$50 0O0.00) dollars, divided into five nun
dred (5OO) shares of the par value OF one
Hundred (SlO0OO) dollars each, ana TINS
corporation is to be going concern when
onr-half Of the capital stock has been
subscribed and one-half of which sub
scriptiOn has been paid for.
Each share of said stock shall be en-
titled to one % vote, either in person or
by proxy. at all general elections or meet
ings of the stockholders.
ARTICLE V.-No stakeholder shall ever
be held liable or responsible for the in
debtedness faults or defaults OF this cor
poration. nor shall any mere informally
in the organization of the corporation
have the effect of rendering the charter
null or of exposing the stockholders to
any liability beyond the unpaid balance,
if any. on their subscriptions.
ARTICLE VI.-This corporation shall
have all the powers granted to such cor
pOratiOns by law and shall have the power
to contract, sue and be sued in its cor
pOrate name. and to own, hold, receive,
loan, lease. purchase sell and convey or
mortgage any and all of its effects, or
to hypOthecate, its property and to do
any and all acts and things of any other
kind. nature or description as may be
| necessary to carry out the objects and
purposes of said business, as its interests
and conveniences may require.
| ARTICLE VII.-ThC business of this
! corporation shall be directed by and vest
ed in board of directors of four CA
members, three of whom shall constitute
quorum for the transaction of business
and the said board of directors as first
| constituted shall be composed of G. 7
| Russ, ii. 7. Nathan. G. Owen Vincent and
| Arthur 4. Moreno, and they shall hole
] office until the first Wednesday in Juns
| 1923, and on that day and on the same
| day thereafter each year. elections shall
be held for directors at the principal of
flee of the corporation and the election
shall be held at the hour of twelve noon
g. p. Russ shall be first president
III. p. Nathan shall be first secretary anC
g. Owen Vincent shall be first treasurer
and they shall hold office until the frs
Wednesday in June, 1923.
Failure to hold an election on the da,
| specified shall not dissolve the corpor
alton. but the directors shall hold thei
respective offices until an election shall
be held after thirty days notice of tn
time and place thereof given to each stock
| holder.
Directors may act either in person o
by proxy.
ARTICLE vIII-Whenever this corpor
alton is dissolved. either by limitation, o
for any other cause, its affairs shall b
liquidated by the board of directors, VIII
are hereby vested with full power to sci
any or all assets of the corporation. eithe
full and complete title thereto, and shall
have full power TO do and perform a.
acts necessary and proper to fully an
completely liquidate the affairs and dis
tribute the proceeds, If any, among tn
, stockholders of this corporation to tn
amount of stock held by each.
Thus done and passed. in my notaria
office, in the City of New Orleans, o
the day, month and year first above writ
ten, in the presence of A. c. Stechman
and Gladys f. Rider, competent witnesses
who hereunto sign their names, tOgethe
with the parties thereto and me, Notar!
; after a reading of the whsle.
G. Owen Vincent, T36 Union Street. Ne
Orleans, La. Twenty shares; Harold
Nathan, 1876 Union Street. New Orlean
La. Twelve shares; Ruth NJ. Seller Ne
Orleans, La. Thirteen shares; q. =. Rus
r WoOdville, Miss. Thirty-fvc shares.
> q Stechmann. Gladys +. Rider.
Recorded in Orleans Parish in NJ.
B. 1858. folio 57S.
: A. A. MORENO.
3 Notary Publ
/. true and correct copy of the origins
now on file and of record in my offic
S re, orded ia VI. o. II.
June 16-Jufy Il.