The herald., 1921-02-03
CHARTER.

Board of Directors shall serve until the
first day of February, 1922, or until their
successors shall have been duly elected and
uualified Thereafter the members elected
TO serve on the Board of Directors shall
continue in Office for one year or until their
successors shall have been elected ana
qualified. The Office of Vice President and
treasurer is combined. the Vice President
TO perform the duties of Treasurer aiso.
The stockholders shall elect Board OF ID,
reCtors on the first day of February, ana
the succeeding day if the same be legal
holiday. of each succeeding year. VINO
shall serve for the ensuing year. Inc
election of Directors shall be ny baliot
and the person receiving the majority OF
votes cast either in person or by proxy,
or both shall be declared elected. The
failure to elect shall not be regarded as
forfeiture of this charter. For electlOh
PURPOSES. and for any other purpose the
holder and owner of stock shall be en-
titled TO one vote for each share thereof
and to east same in person or bE proxy .
4 Director may execute in writing ms
power of attorney or proxy to one or ms
co directors or TO a stakeholder of the cor
poration to act for him and in his stead
4 majority of the Directors voting at any
one time at q meeting of the Board OF III
rrcfOrS shall be required to east any reSo-
luton or adopt any bylaw, and which
when so adopted shall become valid cor
pnrate act. In case of vacancy on the
Board Of Directors. the remaining mem
cancy. Said Board shall have the power
10 enact such bylaws. rules and r"gula-
tions aS in their opinion may be neces-
Sary and proper for the management. oper-
alton and control of the business of Slld
corporation. They shall have the right to
employ such persons as they may see mt
and 10 fix their salaries or other cOmpen-
SatiOn.
ARTICLE VI-Notice of all stOckhold-
ers' meetings convened and held Tor the
4. 81 mr.
pose, shall be given in writing by the Sec
rotary and may be served personally or
deposited in the mail. ut least fifteen days
prior to the holding of such meeting. ad-
dressed TO each stakeholder at his last
known address as the same may appear
on the books of the corporation, and by
publication in one newspaper, puhlShed
at the domicile of said corporation IN tne
English language. at least three times in
ten days before the meeting is held. said
notice may be waived. however. in writing
by all other stockholders, whose names
appear on the books of the corporation as
shareholders. At all stockholders meet
inCs the majority of the votes east. both in
person and nv proNy. shall he sufficient to
elect and determine all questions voted
upon, except for the alteration, amend
ment or dissolution of the corporation,
when the rules prescribed by law shall
prevail.
ARTICLE Widths act. of incOrpora-
ton may be altered. amended or modified
two thirds in amount of capital stock M
a general meeting of stockholders called
for that purpose after due notice snail nave
been given. aS provided in Article VI OF
this Charter. and according to law: and in
case of dissolution Of the corporation, the
stockholders at such meeting shall elecl
three commissioners of liquidation. VINO
have plenary power and entire charge
of such liquidation and shall be vested
with full authority. to sell and dispose OF
the assets of the corporation, ana shal
have the right to fill any vacancies that
NAV occur in their number from among
the stockholders. and to distribute the pro,
ceedS after all debts and obligations shall
| have been paid among the stockholders III
proportion to the number of shares held
| by each.
| ARTICLE VIII.-No stakeholder SHAH
| ever be held liable or responsible for tht
contracts or faults of this corporation III
any further sum than the unpaid balahct
due to the corporation on the shares sub
| Scrihed by him. nor shall any informally
| in the organization have the effect of rem
dering this charter null, or OF exposing :
stakeholder to any liability beyond the
amount of his unpaid balance that may be
due on his shares of stock.
Thus done and passed in my office. In
the City of New Orleans, State OF Louis
lana on the day. month and year nrSl
above written, in the presence OF JhO. II
Townsend and Joseph Rosenberg. compe,
tent witnesses. who have hereunto signed
their names with said appearers and me
notary. after due reading of the whole.
COriginaI signedD Darmond +. We'll
1722 Elysian Fields, New Orleans. La, Ia
shares: Albert ID. Gershner. 13i 5. Hagan
New Orleans. La. IL shares: y. j lie
Boeuf 800 Roosevelt Place, New Orleans
La, SiXten shares.
Witnesses: Joseph Rosenberg, Jno. ID
Townsend.
FRED. DEIBEL. Not. Pub.
l. the undersigned. Recorder of Mort
| cages in and for the Parish of Orleans
! State of Louisiana. do hereby certify that
| the Act of Incorporation of the Hub Auto
! Co, Inc. was this day duly recorded in
my office, in Book 1858. Folio IA. New Or
| leans Jan. u, 1921.
| (Signed) ROBT. SCOTT, by. Rec.
\ true copy. (SealD
FRED. DEIBEL, Not. Pub.
| Feb, 3-March 10.