The herald., 1921-07-07
CHARTER OF THE
COMMERCIAL GARAGE CO., INC.

COMMERCIAL GARAGE CO., INC.
United States OF America. State of Louis
| lana, Parish of Orleans City of New Or
| leans: Be it known, that on this Path
day OF the month Of May, in the year Of
| our Lord, one thousand nine hundred
and twenty-on and of the Independence
of the United States of America, the one
hundred and forty fifth. before me, Ben
| jamin Y. Wolf, a notary public, duly COM
missioned and qualified in and for the par
| ish Of Orleans, and in the presence of the
witnesses hereinafter named and undersign-
! ed, personally came and appeared. thepar-
| ties, whose names are hereunt0 subscribed,
all Of full age, who ceclare hat, awaiting
| themselves of the laws of this State rela-
tive to the formation of corporations, they
have covenanted and agreed, and by these
| presents, covenant and agree and olnd
| themselves, as well as such other persons,
as may hereafter become associated with
them, to form and constitute a corpora
| ton and body polite in law for the pur-
poses and objects and under the stipu-
lations and articles following, to-wit:
ARTICLE 1.-The name or this corpor-
alton shall be COMMERCIAL GARAGE
CO., INC.
ARTICLE 1.-THE OBJECTS and pur-
poses of this corporation and the nature
of the business to be carried on by IT are
declared to be: To manufacture, buy sell.
exchange, lease, deal in, store and repair
automobiles, motor trucks, motor boats
and vehicles of every kind and descrip
ton propelled by electricity, gasoline, gas,
steam, compressed air or other motor
power, and all tops, bodies, supplies.
accessories and appurtenances for
automobiles, motor vehicles ana motor
boats, incidental thereto or used In con-
nection Herewith; to CONDUCT gasoline
supply stations, to buy and sell gasoline
and oil of any nature and kind whatso-
ever, to conduct garages for the storage,
repair and maintenance of automobiles,
motor trucks and motor vehicles of every
kind; to apply for, obtain, purchase, lease
or otherwise acquire and to register, hold
own and use any and all trademarks,
trade secrets, processes, formulae, inven-
tions and improvements, capable Of being
used in connection with the work of the
Company, whether secured under letters
patent in these United States, or else
where or otherwise; and to use, operate
and manufacture under the same. and to
sell, assign, grant licenses in respect Of
to the account and profit Of the company;
and generally to do and engage in any
other business or enterprise connected
with or growing out Of germane or in
cidental TO any OF the purposes herein
above set, put or contemplated by this
charter.
ARTICLE III.-The capftai stock of
the said corporation shall be Ten Thou
sand Dollars, divided into and represented
by one hundred shares Of the sum Of one
property or for services rendered. The
capital stock may be increased to fifty
thousand dollars.
The corporation shall commence doing
business as soon as Five Thousand Dol
lars Of the capital stock shall have been
subscribed and Twenty five Hundred Dol
lars Of said amount SO subscribed, shall
have been paid for.
Any stakeholder may SELL assign or
transfer his stock In this corporation,
provided thirty days notice of such in
tention to sell; assign or transfer the
same be given the company, and the other
stockholders shall have the first privil-
eye Of purchasing the same, at book value,
after which thirty days notice, the said
stock may be sold in the open market.
ARTICLE Iv.-The domicile of the said
corporation shall be in the City of New
Orleans, State Of Louisiana.
The president, or in his absence, the
vice-president, shall be the proper per-
son upon whom citation or other legal
process shall be served.
This corporation unless sooner dissolved
shall exist and continue for the period of
ninety nine years from and after the date
hereof
All corporate powers shall be vested in
board of directors composed of four
stockholders. The board of directors may
fill vacancies in their number, however
caused, by election from among the stock
holders.
The first board of directors shall con-
sist of Fred NJ. Mills, who shall be pres
ldent, and whose post-office address is
l429 Baronne Street, New Orleans; DR..
j. II. Page, whose post-office address is
l546 Camp Street, and who shah be vice
president; Ellis Baldwin, who shall be Sec
rotary AND manager, and whose post
office address is Jackson Barracks. New
orleans, La, and Walter 1. Gibson, who
snail be treasurer, and whose post office
leans.
Said board shall continue in office until
January 2 1922, on which date. and there
after, annually, board Of directors shall
De elected on the second day of January
OF each year unless the same shall be a
,ega holiday, when the election shall be
held on the next legal day thereafter.
After each election the board of direc-
tors shall elect from their number the
OFFICERS Of the company.
- The said board is further authorized
70 frame and adopt such bylaws, rules
ana regulations as the affairs and the
business or the corporation may REQUIRE
ana as 1t may deem necessary for the
conducting and management thereof.
ARTICLE vI.-This charter may be
amended and the capital stock of this
corporation may be increased or decreased.
or the corporation may be dissolved in
law W
ARTICLE VINO stockhoider shall
ever De neid liable or responsible for the
contracts or faults Of this corporation in
any further sum than the unpaid balance
OF the stock for which he has subscribed.
nor shall any mere informality in organ,
ization have the effect Of rendering this
charter null or Of exposing a stakeholder
to any liability than as above provided.
whenever this corporation shall be dis.
solved, whether by limitation or from any
other cause the affairs. thereon shall be
iiquidated by three stockholders to be
elected and qualified in the manner pro- |
yided by law. And they shall continue
In office until the affairs of the corpora
ton shall have been fully settled and
nQufdated. In the case of the death of |
one OF the liquidators, or his refusal or /
inability to serve, the remaining Iioufda-
tors may themselves proceed with ali the /
power and authority vested in the full |
And the sfgners hereto declare that thew
nave affixed opposite their names the
lumber OF shares subscribed by them. and
iney declare this to be their subscription
Thus done and passed at my notariaI
nice In the City Of New Orleans, ON the L
lay, month and year herein first above
Vritten In the presence Of Hubert N Ans Il
y and Henry Hart competent witnesses