The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER OF THE HUB AUTO COM.
PANY, INCORPORATED.

United States of America, State of Lou
isiana, City of New Orleans, Parish or Or
leans. BE IL known, That on this eleventh
day of the month Of January, in the year
of our Lord, one thousand nine hundred
and twenty-one. and of the Independence
of the United States of America the one
hundred and forty fifth, before me, Fred
erick Diebel, a notary public, duly COM
missioned and qualified in and for the City
Of New Orleans. State of Louisiana, Par
ish of Orleans therein residing, and In the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereunto subscribed, all OF
whom are above the age of majority, and
severally declare. that. ayailing themselves
of the laws of the State of Louisiana, in
such cases made and provided, and par
ticularly Act No. 267 Of the Legislative
session of the year 1914, relative to the
formation and organization of corpora
tions, they have severally covenanted and
agreed and by these presents do hereby
severally covenant and agree and bind
themselves and their successors and as well
as those who may hereafter become asso-
ciated with them, to form and constitute
a corporation or body polite in law for
the objects and purposes and under the
conditions and stipulations following, to-
wit:
ARTICLE 1.-The name and style of
this corporation shall be the Hub Auto
Company, Incorporated, and under its cor
pOrdtlOn name, IL snail nave ana ENJOY
succession and existence for a period of
ninety nine years from date hereof. unless
sooner dissolved. 1t shall have, enjoy and
possess all the rights, privileges and i'm
munities now granted to corporations I'M
der the laws of this State now existing or
which may hereafter be granted by law to
corporations, and under Its corporate name
Ii shall have the power and authority to
contract, to sue and be sued, to make and
use corporation seal and the same to
break, and alter at pleasure; TO acquire
by purchase, to receive, to hold, to sell,
to convey, to mortgage, to hypothecate and
to pledge property, both real and personal;
to issue notes, bonds and other obligations,
and TO make and enact and enforce such
bylaws rules and regulations for the cor
porate management and control of the af-
fairs of the corporation as may be deemed
necessary ana expedient.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana, and all citations
and other legal process shall be served
upon the President, and In. the absence of
the President, upon the Vice President,
and, in the absence of the Vice Prsei.
dent, upon the Secretary Treasurer.
and. in the absence or inability to act of
all three officers, service shall be made in
the manner prescribed by law.
ARTICLE III.-The object and purposes
for which this corporation shall be organ
lied and the nature Of the business TO be
carried on by 1t are hereby declared TO
ness; to purchase and sell, both as princi-
pals and agents, automobiles new and Sec
ond hand, and such other vehicles or means
OF transportation that may hereafter sup
plant the automobile. including accessories,
tires and parts thereof; to operate a gaso-
line-oil filling station for the sale of yaso-
line and lubricating oils and Kerosene; TO
repair automobiles, vehicles and transpor-
tation devices Of every nature, character
and description. To do and perform in
short everything necessary and incidental
to the operation Of the business herein
stated. To operate livery business or
automobiles for hire.
ARTICLE Iv.-The capital stock Of this
corporation is hereby fixed at the sum Of
five thousand ($5,0OO.OO) dollars, divided
into nifty t50) shares Of the par value of
one hundred dollars each, all Of which
shall be common stock. The amount to
which the capital may hereafter be in
creased Is hereby fixed at the sum of
twenty-five thousand (S25, 0O0.00J dollars
The stock may be issued only for cash, or
In payment of property received, or serv-
ices actually rendered to said corporation.
Said stock shall be fully paid for at the
time or Its issuance and shall thereafter
be worcestershire. This corporation shall
commence to do business as soon as fifty
per cent of the capital stock shall have
been subscribed. and fifty per cent thereof
shall have been paid In and this act of in-
corporation recorded and published accord
| ing to law and certificate obtained from
the Secretary of State authorizing II to do
business; the remainder of the stock so
subscribed shall be paid in before the ex-
piration of one year from the date hereof
| and the residue of the undisposed stock
shall be issued and paid for subject to
| the action and call of the Board of Direc-
| tors conformably with the existing condi-
lions of the law relating thereto. No
| transfer of stock shall be binding upon this
corporation unless made upon its books.
| and all certificates of stock shall be signed
by such officers as may be designated by
| law. -
ARTICLE Van the powers of this cor
poratfon shall be vested in and the man.
agement and control of its affairs shall be
exercised by a Board of Directors COM
posed of three stockholders. Said Direc-
tors shall be bona fde stockholders and
shall each own at all times not less than
one full paid unpledged share of stock
The following named subscribers shah
compose the first Board of Directors
Darmond f. We'll, President; Albert d.
Gershner. Vice President and Treasurer;
A. j. lie Boeuf, Secretary. The above