The herald., 1921-06-16
CHARTER.


a. mortgage and hypothecate, property;
real personal and mixed; 10 name "hu ~
appoint such officers ana agents as t
interest of said corporation may rtquIt.
To make and establish such bylaws anu
rcgul,tions for the proper management
and regulations of It's affairs as may pe
deemed necessary, and the name 10 chahSe'
alter and amend at pleasure.
ARTICLE 1.-THE domicile of tins cor
poration shall be in the CllE OF New
leans. Parish of Orleans, state Oh LOUIS
lana and all citations and other legal pros
cess shall he served upon the preslueht Di
this corporation, or. in case Oh MS "o
sence upon the secretary OF; IN C"Sv 80, ~,
the absence of both OF these oIIlcers' uP'"
the treasurer hereof.
ARTICLE Iu.-The objects and pur-
poses for which this corporation Is es-
tablished and the nature OF the OuSlhesS
TO be carried on by II are decIhred "
be to engage in the buying ana Seling Oh
automobiles, tractors. automobile ana trac
tor parts aud accessories ana 10 repre-
| sent as agent the manufacturers OF auto
mobiles. tractors, automobile ana tractor
parts and accessories, ana Sehtihh!
/ 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 tSlO,
]
! QOO) shares of the par value of One nun
| dred (SlO0O0) dollars each, ana may Dc
| increased 10 the sum of FIFTY IhOusahu
/ $50 900 COZ dollars. divided into five nun
dred (jOO) shares of the par NaIue OF one %
/ Hundred (SlOOOO) dollars each. and TINS
Icorporation is to be a going concern wheh
| oue-half of the capital stock has been
! subscribed and one-half of which SUD
scription has been paid for.
Each share of said stock shall be en-
Ia. ,;s sl,.,, In, A
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 lntormantI
in the organization of the corporation
have the effect of rendering the charter
null. or of exposing the stockholders tt
any liability beyond the unpaid balance
If any. on their subscriptions.
ARTICLE vI-This corporation shal
have all the powers granted to such cor
peratiOns by law and shall have the powe
10 contract. sue and be sued in its cor
pOrate name, and to own, hold, receive
loan. lease. purchase sell and convey o
mortgage any and all of its effects, o
to hypothecate. its property and to d
any and all acts and things of any othe
kind. nature or description as may b
! ! necessary to carry out the objects an
purposes of said business. as its interest
ana cOHNenlenCeS may TeuulTe-
!, ARTICLE VII-Th6 business of tbi
corporation shall be directed by and vest
/ ed in a board of directors of four a
: members, three of whom shall cOnStitut
4 a quorum for the transaction of business
. and the said board of directors as firs
: ! constituted shall be composed of G..
Russ, II. p. Nathan. c. Owen Vincent an
II Arthur 4. Moreno. and they shall hol
!, ! office until the first Wednesday in Jun
5 1923, and on that day and on the sam
o day thereafter each year. elections sha
= he held for directors at the principal o.
: flee of the corporation and she electio
:. shall be held at the hour of twelve moo
II &c. 7. Russ shall be first presiden
a T. p. Nathan shall be first secretary an
;. GN Owen Vincent shall be first treasure
: and they shall hold office until the fir
;. Wednesday in June. 1928.
e Failure TO hold an election on the da
t specified shall not dissolve the corpO
4. alton. but the directors shall hold the
r be held after thirty days notice of Il
time and place thereof given to each stoc
- holder.
e Directors may act either in person
l. by proxy.
le ARTICLE vIII.-whenever this corpo
Ie alton is dissolved. either by limitation,
)f for any other cause its affairs shall
e liquidated by the board of directors. wi
is are hereby vested with full power to 81
= any or all assets of the corporation, eith
10 separately or in mass. and to cOnvs
% full and complete title thereto. and sha
II have full power to do and perform
acts necessary and proper TO fully al
4; completely hquidate the affairs and di
:, :, tribute the proceeds. If any, among 4
- stockholders of this corporation to q
- amount of stock held by each.
r Thus done and passed. in my notari
n office. in the City of New Orleans.
~ the day, month and year first above wri
ten. In the presence of A. G. StecbmaT
= and Gladys T.. Rider. competent witness'
u who hereunto sign their names, togeth
!, with the parties thereto and me. NOtar
~ after reading of the whole.
+ G. Owen Vincent. I33 Union Street. Ne
A. Orleans, La. Twenty shares Harold
~ Nathan, 1876 Union Street. New OrleaI
" Ia, Twelve shares; Ruth VI. Seller, NJ
al Orleans. La. Thirteen shares; q. p. Ru'
woodville. Miss. Thirty-fivr shares
Z. Stechmann. Gladys +. Rider.
Recorded in Orleans Parish in NJ.
W Il. 1858, folio 51S.
% A. A. MORENO,
re Notary Pub
al A true and correct copy of the origin
now on file and of record In my offl
re. Orded ia VI. q. Il.
X. lima 1G-Iufy