The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07
CHARTER.

ARTICLE III.-The objects and pur-
poses for which this corporation is es-
tablished and the nature Of the business
to be carried on by II are declared to
be to engage in the buying and selling Of
automobiles tractors, automobile and trac-
tor parts and accessories and TO repre-
sent as agent the manufacturers of auto
mobiles, tractors, automobile and tractor
parts and accessories, and generally TO
do each and every thing in connection with
the business Of buying and selling auto
mobiles, tractors, automobile and tractor
parts and accessories.
ARTICLE Iy.-The capital stock Of this
corporation shall be Ten Thousand $40
000O0) dollars, divided into one hundred
900 shares of the par value of One Hun
dred (SlOO.O0) dollars each. and may be
increased to the sum of Fifty Thousand
1850. O0000) dollars. divided into five hun
dred 5000 shares of the par value of One
Hundred ($l00O0) dollars each, and this
corporation is to be going concern when
one-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 a. vote, either in person or
by proxy, at all general elections or meet
inGs of the stockholders
ARTICLE y.-No stakeholder shall ever
be held liable or responsible for the in
debtedness faults or defaults of this cor
pOratiOn, nor shall any mere informality
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,
| ii any, on their subscriptions.
ARTICLE yI.-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 OF
mortgage any and all of its effects, or
| to hypothecate, its property and to dc
any and all acts and things Of any other
| kind. nature or description as may b,
| 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
\ a quorum for the transaction of business
and the said board Of directors as first
| constituted shall be composed of q. i
Russ, II. p. Nathan, G. owen Vincent and
| Arthur A. Moreno, and they shall hold
office until the first Wednesday in june
1928 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. Z. Russ shall be first president
| Ii. r. Nathan shall be first secretary and
| ". owen vincent Snail ne llTSl
and they shall hold office until the first
Wednesday in June, 1923.
| Failure to hold an election on the day
| specified shall not dissolve the corpor
| alton but the directors shall hold theil
| respective offices until an election shall
be held after thirty days notice of the
time and place thereof given to each stock
holder.
Directors may act either in person oil
by proxy.
| ARTICLE VIII-Whenever this cOrpOr
| alton is dissolved. either by limitation, oil
for any other cause, its affairs shall bt
| liquidated by the board of directors, who
| are hereby vested with full power to sci
any or all assets of the corporation, either
| separately or in a mass, and to convey
| full and complete title thereto, and shall
| have full power TO do and perform al
acts necessary and proper to fully aa nt
| completely liquidate the affairs and dis
tribute the proceeds, II any, among thu
| 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, oil
the day, month and year first above writ
ten, in the presence of A. {. StechmanI
and Gladys f. Rider. competent witnesses
who hereunto sign their names, togethe
with the parties thereto and me- Notary
after reading Of the whole.
G. Owen Vincent, 136 Union Street, New
Orleans, La, Twenty shares; Harold j
Nathan, 1876 Union Street, New Orleans
La, Twelve shares; Ruth NJ. Seller, New
Orleans, La, Thirteen shares; q. i. Russ
Woodville, Miss, Thirty-1ye shares.
q. Stechmann, Gladys Il. Rider.
Recorded in Orleans Parish in M.
B. 1858, folio 57S.
A. A. MORENO,
| Notary Publ
A true and correct copy Of the Origina
now on file and of record in my office
re, orded in VI. o. II.
lime 16-Jufy Il,