The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-18
CHARTER FOLsE HECkER AUTO
TRACTOR SCHOOL, INCORPORATED

| STATE OF LOUISIANA, CITY OF NEW
/ o1tFANS-Re il known, that on TINS lJth
Adv of July in the year or our Loru one
| thousand nine hundred ana twenty ON
| before me Frederick Deibel, notary pup
| tic in and for the Parish of Orleans, state
! ~ ToniSisno duly commissioned and
sworn personally came ana appeared ti'
parties whose names are hereuhlo SUD
! scribed who declared that, aValllnS them
| selves of the several acts OF the LeglSia-
tyra and more particularly the Act No.
267 of the Legislature OF 1914. reihtl'e 10
| tho formation of corporations, hthey nay
agreed TO form a corporation under said
| laws. for the objects and purposes ana
stipulations and regulations, to VII:
,pTICIE 1.-The name and style Of this
cornoration shall be the FOLSE HEChEE
AUTO TRACTOR SCHOOL lNCok
PORATED.
the CITY and Parish of New Orleans, but
II may establish and maintain OFFICES or
branches in any parish or state; II shall
exist and enjoy succession by It's corPor-
ate name for period OF nlhet! -hlht Wis
from the date hereof and may commence
business as soon as the stock subscribed
for and amount paid, as the law directs /;
il shall have the power TO sue ana De sutu'
to receive, purchase, acquire MORTGAGE
rent lease property, real and personal,
issue fuIl-paid stock, to contract, ana en-,
ioy all the privileges conferred and allowed
by law to corporations.
ARTICLE III-This corporation Is
formed for the following purposes, VIZ.
ITO train mechanics IN the art u opv otn-
ing and repairing AUTOMOBILES motor
Trucks airplanes. cars, vehicles also 10
repair, manufacture sell or mortgage, III
kinds of property, movable or immovahle'
belonging TO said corporation, or otherwise.
ARTICLE IV-The capital stock Is here
nv fXed at the sum of Fifty Thousand
Dollars. divided into One Thousand shares,
of the mar value of Fifty Dollars eachr 10
aI.,a mr. fn a
pavment or exchange for property, or for
rights actually received or purchased Dy
this corporatino.
The capital stock may be increased or
decreased by a majority of shares voting
at a meeting called for that purpose: said
increase to be up to One Hundred Ihou-
sand Dollars.
ARTICLE Iv-This corporation shall be
managed by board of directors composed
of five members; three shall constitute
for transaction of business. The
officers shall consist of president vice
president secretary treasurer. all OF whom
shall be elected by the Board of Directors,
and who shall be members of the board;
they shall hold their office for one year
and until their successors are elected ana
qualified; all elections shall be by ballot.
The president, or, in his absence, the vice
president shall be the proper person upon
whom all citations must be served. The
annual election shall be held on the last
Wednesday of August of each year. Each
holder shall have a vote for each share of
stock he owns.
ARTICLE vI-This Act of Incorporation
may be changed. altered or amended by a
vote of two-thirds Of the persons owning
the outstanding stock or shares. at meet
ing convened for that purpose, after notice
shall have been given fifteen days to each
shareholder by publication in newspaper
and by postal card through the mails. at
his last known residence. Should a ma
jority of shareholders vote TO dissolve this
corporation. same shall he liquidated by
two commissioners appointed by the Board
of Directors.
No stock or shareholder shall have the
right to sell or transfer any share or
shares of this cooperation owned by him
until the expiration Of fifteen yads, after
giving written notice to the other stock
holders, who will have the privilege of pur-
chasing the same at the actual cash value
thereof as established by the books of this
corporation; The original subscribers
all unsold shares not subscribed for before
offering them for sale TO the public, and
at its par value. The officers shall elect
depository or bank for all funds of this
the president and secretary.
No Indebtedness shah De made without
the approval of the Board of Directors, and
all contracts. sales or purchase of property,
movable and immovable, shall be first ap-
proved by the Board of Directors. The
president shall have the power to convene
said board at any and all times when he
thanks it advisable or to the best interests
of this corporation.
Thus done and signed at New Orleans. |
La, in the presence of Messrs. John ID.
Townsend and Jos. Rosenberg, competent
witnesses, who have hereto signed their |
names with said subscribers, and me-, |
notary, after reading the whole.
(Original signed):
r. j. Folse, 301S Palmyra, 200 shares f;
A. Himel. 500 Pine, 100 shares; F. Law |
renee Hecker. ZIP Cohn street, 200 shares; |
Collier Bernhardt, 1908 Canal, shares |
Daniel L. Leudan, 1922 Cont, 40 shares.
Witnesses: Jos. Rosenberg, Jno. Town |
send.
true copy.
FRED DEIBEL. |
Notary Pubic.
1, the undersigned, Recorder of Mort |
cages, in and for the Parish of Orleans, |
State OF Louisiana. do hereby certify that |
the above and foregoing Act of Incorpora- |
ton of the Folse Hecker Auto Tractor |
School, Incorporated, was this day duly re- |
corded in my office, in Book 1858, folio |
al. New Orleans, July Is. 1921.
ROBERT SCOTT, by. r.
July 21-Aug. %.