The herald., 1921-12-22
CHARTER.
ACT OF INCORPORATION OF JAR-
REAU MOTORS COMPANY NC

the sth day Of November. in the wear of
our Lord One Thousand Nine Hundred
ana Iwenty-one q92p. and of the In.
America the One Hundred and FortVi
SKIN, before me, FRANK THOMAS
DOYLE, Notary Public, duly commits.
stoned and qualified, in and for the
rarlsh or Orleans, State Of Louisiana,
appeared the persons whose names ara
hereunto subscribed, who declared that
availing themselves of the provisions ot
the laws of this State relative to the
ORGANIZATION OF corporations, and more
particularly Of Act No. 2e7 of the General
Assembly of this State, approved Juiv
9TH 1914. they have covenanted and
agreed, and do by these presents cove
nant and agree, bind. form and constitute
themselves, as Well as such persons who
with them. into a corporation and body
polite In law, for the objects and pur-
poses and under the agreements and stin-
ulations following, to-wit:
= ARTICLE 1.-The name aud styIe OF
this corporation shall be "JARREAU
MOTORS COMPANY, INCORPORATE
ED" and under that name it shall have
and enjoy all the rights. advantages and
privileges granted by law TO corpora
tons; IL shall exist for period of
ninety nine years from this date; ii shall
have the power to contract sue and be
sued in its corporate name: to make and
use corporate SEAL the same to break
or alter at Its pleasure; to have and EN-
ploy such managers, directors, officers.
agents and other employees az the in
terest and convenience of said CORPORA
ton may require or demand; to make
and establish such bylaws, rules and
regulations for the corporate manage.
ment and control of the affairs of the
| corporation as may be deemed neces-
sary, convenient and eXpedient
Il
po-atiOn shall be in the City of New
Orleans, State of louisiana and all eta.
| lions and other legal process shall be
served on the President, or in his alb
sence. on the First Vice-President.
ARTICLE 3.-The objects and purposes
for which this corporation is organized,
| and the nature of the business to be car
| ried on by II, are hereby declared to be
as follows, to-wit:
! To engage in the business of selling
purchasing, trading and exchanging new
and used automobiles and tractors: to
engage in the business OF selling all
automobile parts and accessories, and to
maintain and operate a garage, and gen
orally to do and perform any act or thing
necessary, convenient or proper for the
carrying into effect the above named
objects and purposes.
ARTICLE 4-The capiras stock of this
corporation is fixed at the sum OF
divided into two hundred (20O) shares
of the par value of One Hundred Dollars
| (S1OO00) each. All shares OF stock shall
be full-paid and non assessable.
Said stock shall be paid for in cash
or the same may be issued, at not less
than par. for labor done or for services
rendered to the said corporation. or fol
property or rights actually received BY
said cOropration.
This corporation shall have the righ
to increase its capital stock up to thu
further sum Of One Hundred Thousand
to he divided into shares OF One Hun
dred Dollars (S1O0OO) each, provided
said increase in the capital stock shall
have been authorized by the stakeholder
at a meeting held pursuant to the pro
: visions of law.
? This corporation shall be and becom
! going concern when fifty (50) per cen
Of its stock shall have been subscribed
) ARTICLE 5.-All the corporate power
Of this corporation shall be vested 4
e and exercised by a Board of Director:
composed of five stockholders, a majorit
e of whom shall constitute a quorum 70
the transaction Of all business.
The Directors shall be elected annual
q by ballot. by the stockholders, on tn
: hrst Tuesday of December in each yea
r The first Board of Directors of thi
e corporation shall consit of ]. EMIL
e JARREAU, whose pOstoffce address
d New Orleans, Louisiana; CHARLES !
STAIR, whose postoffice address is Me-
y Orleans. Louisiana, and MILTON LAS
I, KER, whose postoffce address is Me-
:, Orleans, Louisiana, with J. EMILE JAI
!, REAU. as President; CHARLES
a STAIR. as Vice-President; MILTO
: LASKER, as Secretary Treasurer;
: serve until the first Tuesday in Decen
Der. 1922 or until their successors hay
been duly elected and qualified.
No failure to elect directors shall
{ regarded as a forfeiture Of this Charte
l. Any vacancy occurring on said Boar
: of Directors shall be filled by the r.
4 naming members of said Board.
:, Said Board of Directors shall have Il
u right to appoint and dismiss such clerk
e managers and other employees Of Il
corporation as in its judgment may
deemed necessary.
The tenure of office OF all the or
ployees Of the corporation shall be durir
the pleasure of the Board.
Each stakeholder shall be entitled,
y person or by proxy, to one vote for evel
share of stock owned by him, and 6
elections shall be held under such rul
and regulations as may be specified
the Board of Directors.
ARTICLE 6.-This act of incorporate
may be changed. modified or altered.
the said corporation may he dissolve
- with the assent of the stockholders ow
corporation, at a general meeting co
vened for that purpose and after at lea
oi fifteen days written notice Of this me-
IL ing has been given personally or throuj
T, the mail to each stakeholder at his ID
q recorded address.
re In case of dissolution, by the expir
y ton of this Charter. or otherwise, aft
ID compliance with law. the stockhOlde
e. shall elect two liquidators from amo
es their number to liquidate and settle I
r business and affairs Of the corporate
Y. The said liquidators shall have full pow
L to settle the corporations debts a
v divide the remaining money among I
In stockholders. In the event of death
IN disability of anyone of the said liquid
K tors the remaining liquidatOr shall 4
N fill all the duties Of liquidatOr. IS
I'd liquidator shall have the power to fix a
rs prescribe the terms Of sale of said pre-
III erty and the manner in which the s.
% shall be made.
r They shall be vested with full. nj
at and complete power and authority nee
en- sary proper and expedient to do a
or perform any and every act and thi
ID necessary to wind up and hquidate
BY business and affairs Of the corporate
al ARTICLE mo stakeholder shall e.
er be liable or responsible for the contra,
as faults or debts Of said corporation. !
IS shall any mere informality in its orga
nd zation have the effect of rendering I
IT. Charter null. or Of exposing sto
ok holder to any liability beyond the imp
en- balance due on the shares OF stock 81
he scribed for or owned by him.
n. ARTICLE S.-The subscribers ne
In unto have respectively written oppo'
IN. their names the amount Of stock In