The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15
CHARTER OF CRESCENT CITY GAR
AGE, INC.

CHARTER OF CRESCENT CITY GAR
AGE, INC.
! United States of America, State Of Louis
! lana, Parish of Orleans, City Of New Or
! leans BE it known, that on this 18th day
| OF the month of June, in the year OF our
| Lord, one thousand, nine hundred ana
| twenty and of the Independence OF the
! United States of America, the one hundred
| and forty fifth, Before me, william D,
| GuSte, a notary public, duly commissioner
! and qualified, in and for the above parish
/ and state, therein residing, and in the
/ named and undersigned, personally came
/ and appeared the several parties whose
| names are hereunto subscribed, VINO sever
! ally declared that, availing themselves or
! the laws Of the State of Louisiana. in such
| cases made and provided, and more par
| ticularly of Act 267 of the General Assem-
| ~ of the State of Louisiana OF 1914, re-
| lating TO the creation, organization ana
! formation Of corporations, they nave
covcnanted and agreed. and by these pres
entS do hereby covenant. agree and bind
themselves. as well as all other persons as
may hereafter become associated with
them to form A corporation for the OBJ
iects and purposes under the articles and
StirulatiOns following, which they hereby
adopt as their charter, tO-wit:
ARTICLE The name and title of this
corporation shall be Crescent City Garage,
Inc, ana under its corporate name IL snail
nave power and authority to have and en-
JOY corporate existence for period OF
ninety nine years from date hereof, unless
sooner dissolved by liquidation or other
wise. 1t shall have power to contract, TO
Sue anu be sued; to make and use cor
pOrate seal, and to alter and break the
same at pleasure; to hold, receive, lease,
purchase. transfer, assign, mortgage, by
puthcCate, pledge or otherwise dispose or
property, real, personal or mixed, corpO-
real and incorpOreal; to issue bonds and,
% desired, to secure same by mortgage;
TO hold stocks in other companies; TO
make and elect officers and directors; TO
make and establish, alter and amend by
laws, rules and regulations for its proper
government as may be deemed necessary
and proper for the extension of the bust,
ness in which the corporation is engaged.
ARTICLE 1.-THE dOmicile of this cor
poratiOn shall be in the City of New Or
leans, State of Louisiana; and service Of
process shall be made upon the president.
or In his absence, upon ice-president
ARTICLE III-The objects and purposes
for which this corporation is organized
and created, and the nature of the bust
ness to be carried on by it are declared to
be follows:
To conduct a general business of a gar
age; to deal in. buy, SELL exchange mort
gage automobiles or vehicles of any ma
ture whatsoever, used or new, and the
parts thereof. To buy, sell. and. in gene
raj. TO deal in fuel oils, lubricating oils,
mechanical and electrical apparatus, ac-
''NSpIItS. measurements or furnishings OF
any nature whatsoever, connected with or
incidental 10 the manufacture, upkeep or
propulsion OF automobiles or vehicles of
any nature whatsoever. To wash, store
paint, upholster. embellish. or in general
automobiles or vehicles of any nature
whatsoever. To construct, establish
and conduct any plants or workshops
warehouses or stOrerOoms which may
be necessary for properly prosecuting
such business, and, generally, to do and
perform all things pertaining and inciden-
tai TO the carrying out and proper execu-
'jon of the objects and purposes herein
above mentioned
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum
or eight thousand (SS.O00.OO) dollars. and
~ he divided into and represented by
eighty CSOD shares of common stock OF
the par value of one hundred (S1OO.OO)
dollars each
Said stock shall be paid for in cash. or
ny property. or services actually rendered
10 the corporation, or other equivalent OF
cash as provided by law AMI IN such man.
rer and at such time AMI I'm such INSTALL
ments as may be prescribed by the board
of directors
This corporation shall become a going
concern and shall be authorized to COM
mehce business as soon as fifty (JO) Der |
cent OF Its capital stock shall nave been |
subscribed, ana fifty TO, per cent of all |
stock subscribed for shall III fact have
1teh pald Tor, either in cash or its equiya- |
ARTICLE y-The capital stock of this
corporation may be increased TO the sum /
OF htteen thousand (Sl5,OOO.OO) dollars, |
py vote OF two-thirds of all the stock pres |
eht or represented at a special meeting
alitd for that purpose, or at a regular
annual meeting of the corporation
ARTICLE NI-All certificates of stock
issued Dy TINS corporation shall be signed |
treasurer. anu
The stock of this corporation can be
transferred only on the books of the cor
poratioh, ana subject to such regulations
ihu IormaIltles as may be by the board
bi directors from time to time prescribed
No stockholder shall be permitted to sell
Ut otherwise dispose of his stock without
oherlhg the same in writing to the
1ther stockholders, through the board of
directors, at price not exceeding the book
value thereof; and said stockholders IN |
proportion TO their holdings, shall have an
'ption and hrst right to purchase, at the
'ooK value OF such stock on December 3Ist
last proceeding, all the shares of stock TO
e thus disposed of by sale or otherwise
)t any OF the stockholders, and shall have
period or ten days in which to accept or
ieclne said offer. Should the stockholders
- to purchase said stock, then sucb
stockholder Is at liberty to sell or dispose
d the stock, and may do so in any manner
ma ga, az any ny. price he may deem fit.
lpon the condition and Understandable that
no stockholder shall sell or otherwise
rhhsier his stock in violation hereof. and
III! such sale or transfer il made. shall
;" Vold, and this corporation shall be nm
Ter no obligation to list said stock on II,
,ooks or to regard the holder of the Cor.
iiicate thereof Va '"e 'ei
hRTlCLE VII-The corporate powers of
ms corporation shall be vested in and ex-
'rclseu by board of not less than three
lor more than five directors, at the ontion
y the stockholders, two TO CONSTITUTES q
iuorum for the transaction of business
mould there be three directors, and three
% constitute a quorum for the transaction
=, u business, In the event that there be more
nan three directors. The directors of the
onporauon may vote in person or by writ
en- or Geographic proxy at any of tho
meetings of the board of directors. and
ne board of directors NAV delegate anv
Il Its powers to any officer or officers ~
NY other representative of the corpora.
feet 0ioh 10 tnat
The first board of directors of this oor-
ofat1on shall be composed of the folIow
ne EDWARD Alba, Russell Alba. Charles .
la la, oswald Alba, with the following 90
ulcers: Edward Alba, President: Russell
Aipat tlce-President; Charles Alba Sacre-
aary' oswald Alba, Treasurer; and tbev
nan serve until the second Wednesday IN |
ahuary, 1872, or until their succassors |
iected and qualified are
Inc directors shall be elected annn.uv
meeting held on the second WaSna !
~ VI January in each year after sucb s
a se. Notice of said meeting shall he
nen 1ifteen days prior to the date os
anu meeting, in writing, sent by mail % (
9 stochhoiuer, at his last known Dlaca