The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-24
CHARTER

"eu' perSOnaIlv vi hans y
whose names arc sppesre y
declare that avsiI,O onn0erSigAs. u
provisions Of the Isg thenssS y
tive TO the orgsri Jaws Of ths
2s7. passss y the Drov i o.
ms ms, State during the senetal G..ss
avs amended the,shee year ia
ing In this State o,S ny and tAs
26' of 1914, they ba v,nef than n
ana DO by these eovenatsS ~
t6rir heirs SS S'6 and ta.elmselvss.t l.i,,'
~ ~ FORM S[,ll themselves i iDt % io'a NJ
me, s sew and their ,u TIte md ~.
non Tor 70 the objects s successor ~
AfIlCLE The p sIu pufpos. =
corporation shall uaine shd tn
Inc and under ss,, hanenam
said stock shall he 'r no eorpons y.
S Si%n5ed by the laws Of 1 M. sAe
ARTICLE H-TbsO anon,
81 ., inns corporation arr sO 3 M
10 be the buying sns oecla,ed -
'aiiy driven automohS l selling -
other power vehicles e. WasOs, !,
trlcal charges and cine selHn1
y rat garaglng for hire ny S,tss
VEN agniJleS' and generally III y. Al tiss
any business incident n, e esftIhl
OF growing out Of said SIeCesar Y
~ doing the corporstion0 uslnesi y
power to purchase real ol shah
property Of all kinds a. pefsonsl
OF dispose Of at its r Jnu NE s,n. ~
a !nilCLE IlI-The p,.so
Gaplial stock Of this co, rSesest 'sss
divided into 100 shares p =, b 4,
OF SiOOOO each, and es,,,s NE ~
Whoie or fractional shsroa .as ie \
shall stock shall be parSs,i nay s
or property in aecorS.o aoe eltAs
Of this state. uance VIII \
me amount to which ~.
tal stock Of this corno,, tIs pis'ai
creased Is hereby deciarsd ~ ny
10 DE represented by Oa " o Va
par value Of $4,000 each w ~ saa,a
IN capital stock is likew daa ha n
sented by certificates n. 70 h ~
fractional shares. iOr eitAef NJ
All OF the capital stoct =,
Porstlon is to be cOmmon ~. " u
corporation shall eomms.os ~ "
now provided by law. 0azla
Each share OF stocN 49,,
hoider thereof to one yots ' !" sltts
personally or by writtsn we ~ oe ca s
fractional share SHAH enti,I. "
thereot to such fractional ns,, y
as Is represented by his fr,c,i%a,.@. y
| ARTICLE 1v-The said .,..s
be partially or cOndltiopsvy -. ~
being a condition precedsn; .sssa
dition under which ths 49,, u.
poratlon Is subscribed INT ns,. ~
STOCK presently subscribed !,
subscribed or issued SHAH IA -, ~
OF oelng negotiated, pledged 49, 49,
mortgaged, nor shall or csn =, ~. ~
acquired under any pledge n..N
gage or hypothecstion IN ma. - =
cepting first such pledva s sn
gage or hypothecation be suhrS, 49,
stockholders Of this eorpos,i., /. Y
ing assembled, at a rnsstI,s -
called for that purpose, and n ~
meeting three-fourths Of n. ,,.'.e.l
In number and amount ,h,ll -. 4
ably upon, and especially ,rA,-
negotiation. pledge pawn ., ~.
the whole to be evidenced cnly n 4
certified copy Of the minutes !, "a.
ing, bearing the seal Of this ,srsss 5
The said stock shah only 1, ~.
or cOnditionally the subject 4
transfer, and no stock present. /.
scribed for or issued or hersshs :
scribed for or issued, shall BE- a ~
MADE the subjert OF sale or transs
eept solely after the subscriber, = \.
shall first have offered far ~ NJ
stockholders and owners then hsli.,s
owning the balance Of the s,a,s y.
corporation, the stock whlch n
stockholders and owners then MAJ,
oher must be in writing and IN :
OF thirty days, addressed to On NE I
ton and to the stockholdes 4 ~
upon the stock ledger or stock bsh {
records.
1t Is further conditioned 4, ,,ls,
precedent to any sale that the H. ; +
sale of such stock shall be at M
exceeding the book value Of mi =,
as shown by the books Of the t,p,us
at the time Of Its inception, 4 4,
within one year, or as shswn hJ a, q
Of the corporation at the nerl pr.a
annual meeting. II offered after u u
meeting, and at which price sii ID (
term any or all Of the erstirf d +
holders shall be entitled 10 puriH
whole or their proportional PAR aM /
within the said term Of thlny tiH
These provisions and eondinan 81
sale. transfer, resale. mortgage, lon N /
pledge or hypothecstion Il isra !
all Of the subscribers Of this a'rz
on their own behalf and On he hi /
their heirs, assigns and uecssNn T
is accepted by them as 4 nitsfhl N
sion and condition Of the mbsip,il /
the stock in this corporation
ARTICLE V-No stoekholtE I . |
corporation shall ever be bed his I
responsible for the fanlts On ctiiafl
this corporation In any furthr ~
. the unpaid balance due the eo1snnx I.
the shares subscribed By hin ~
any mere informally IN The vsiisA
Of this corporation have the efsd ~
dering this charter null CT Hpl
, stOckholder or subscriber % ii ~
, beyond the amount unpaid lM
, stock.
, ARTICLE vI-The donitik 4 y Z
, poration shall be In the city 49,
leans. State Of Louisiana, ind y y.
; or other legal process shall y ~
: the president OF this eofpenns1
I his absence on any other eniw
: now authorized by law to rectlh -
ARTICLE yII-This eorpsnun
exist for a term Of ninety-nils ~ I
less liquidated prior thereto y
, provided by Act 267 Of the snR
!, isiana of the year 19lA -
ARTICLE vIII-An eefpo'inn
! of this corporation shall b ezssn -
ly by and through a Boafo n, 4
to be composed Of not - -
nor more than fifteen stocksole@ Z
, said directors shall have ne Va. a
in person or by written PROV -
, GERS of the said board shih 49, Al
. dent, a vice-president ana ! n. {
: a treasurer, and more than 0x y. ~ Il
!, be held by one member Of '
pi Tse OFFICERS for the ensuhs r.
, be elected Immediately folesI 80 81
sage OF this Act Of lncoIpo 4. Il
sbsu SoJd ONCE untii 0ttooG =
until their successors shsll " s ss
: and qualified, the annan M II
, meeting OF this eorporstiun w = !
i on the list day Of 0ctSpd tt|
3 cepting when said dsy ~ s.dz =
NON. in which event the sla a.s Il, { q
= be held on the next tollcxns Hr,>
r such date as may be heteii pa 80,
as an adjourned date q
called All elections are 10
. and a majority Of votes 81 s,t n y
. each share Of stock 70 emu, |, 30
thereof to one vote, wneIn 1870 b.
= by proxy, and each fiseu "a -!
, entitIe the owner thereto, ~. AZ, hssi
I vote as his said fractionn
= one whole share. -. shsl wv
by two officers Of THIS ce, ~ y
contracts shall be IN vr ,aasstbs !,
Thus done and passed q asir
=. the CITY of New 0fiesns ~ SOD Z