The herald., 1921-06-30
CHARTER.

Der to five. in which ease three shall cen
stitutc quorum
Failure to hold an election for directors
on the first Monday OF May, 1877 OF an
nuaIly thereafter, shall not work for
fixture of this charter, but the OLD Board
of Directors shall remain in otii'e until
their successors are duly elected aud quaL- .
ARTICLE VI-The Board of Directors
shall hold regular meetings at such times .
as shall be fixed ia the by laws OF tins
corporation. but the president may call
special meetings of the Board OF Direc-
tors at such times as he may deem adj
viSable and he shall be required To eah
such special meetings at the request or
a member Of the Board Of Directors. Three
days written notice Of such special meet
ing sh:Il be given TO the directors. uU'ess
waiver of such notice Is signed ty the
! Directors Any vacancy occurring IN the
Board Of Directors either from death, re
! signatiOn or inability TO serve, shall hc hied
Thy the remaining directors AZ its next r lu-
| lar meeting after such vacancy shall nave
occurred. The first Board Of Directors Of
| this corporation shall be required 70 dratt
! suitable bylaws for the government OF
| the corporation. which may Ice altered,
| amended. changed or modified ass the cA-
! gcncies of the case may require.
ARTICLE VII.-The stock Of this cor
! pOration may be- transferred, prov tded,
! such transfers shall be recorded Oh the
Books of the corporation before It shall
be required to recognize the transfer or
| the new holder Of the stock.
| ARTICLE VIII-The appearers hereby
declare that they have subscribed TO the
! following number OF shares OF tn" capital
A. Barnes. No. 1876 n. st. Patrick 81.
New Orleans, La. Four Hundred (40Ol
Shares. Richard T. Mcbride, No. 4i2O
Share and Jones II. PrOwell, No. 1910
ST. Andrew ST.. New Orleans, La, One
Q Share, and the subscription OF Rich
ard \. Barn"s, which totals the sum OF
Forty Thousand tS4OOOOCO) Dollars, or
four hundred 400 shares shall be fun
paid for and settled by him by the trans
fer by him % all the property and effects
TO the Seven Eleven Auto Company, Inc,
of which the said Richard A. Barnes ~
the sole owner, an accurate, detailed and
itemized statement OF description of said
property being hereto annexed to be read
in connection herewith, and the said prop
! erty and goodwill was duly appraised
by the Board of Directors Of this corpor,
alton at the sum of Forty Thousand
(S4d OOOO O) Dollars. The remainder OF
said subscriptions shall be paid for in
! cash.
In the event that any srockholder de-
. | srcS to sell his stock any part or por-
tion thereof. he shall first offer same to
the remaining stockholders, in proportion
TO their respective holdings at Its Deok
: value. This offer is TO be made to irp-
l pear by letter addressed to each stock
holder at his last known address, giving
: thirty days option. At the expiration
; of which time, the stakeholder desiring
to sell or dispose OF his stock, shall be
\ at liberty TO do so at whatever price and
4 to whom he may please.
: ARTICLE IX.-This charter may be
modified or altered, the capital stock
n thereof increased or decreased. or the cor
I pOratiOn may he dissolved with the as
S sent of two-thirds of the capital stock
: present or represented at any special meet
Y ing of the stockholders called for that
e purpose. after prior notice in writing to
l. each stakeholder, mailed TO him at his
last known post office address, all in ac
II POrdnDpp with the terms of Act 2tiI of 1914,
Il ARTICLE Kat the expiration OF this
- charter, or the earlier dissolution of this
N corporation for any cause, its affairs
!, shall be iquidated by one or more lQui-
!. datOrs TO be elected by the stockholders,
all of whom shall hold stock in this COR
n poration, and said liquidators are hereby
!. vested with fun power and authority TO
10 hquidate the affairs of said corporation,
10 with full power to act under the terms OF
10 Section 80 of Act 267 of 1914.
r Thus done and Passed at my Office
- In the City of New Orleans, Louisiana, On
~ the day, month and year hereinabOve
. first written, in the presence of Nirma
10 Keenan, and Edmee Fortier, competent
rs witnesses, who hereunto sign their
no and me, Notary. and the said appearers
* have also set opposite their names the
re number OF shares subscribed by them
a. all after due reading of the whole
Of (ORIGINAL SIGNED:
~ Richard A. Barnes, 400 shares, Richard
T. Mcbride. l share, Jones T. Proweu
n
IS Witnesses: Nirma Keenan,, Edmee For
90 tier.
cd \ true copy.
or JOHN r. UPTON,
ct Notary Public.
'ar /, the undersigned Recorder OF Mort
n. cages. in and for the Parish Of Orleans
d. the above and foregoing Act of Incorpor
RI alton, of the Seven Eleven Auto Company
Inc, was this day duly recorded in my
RS office, in Book 1858. Folio 1887. New Or
mo- (SIGNED) ROBT. SCOTT,
lis Detailed Descriptive and Estimative Lis
re Of Property belonging to Richard
tie A. Barnes. exchanged for
go Stock In the
IN SevenrHeyen Auto Company, Ina
90 Eleven Automobiles yafued at $20,OU.O
all as follows: 8 Studebaker Seven Passenger
re- Touring Cars, Model 1920 Motor Nos. 10
IS COG. 1855 1858. 22262 and 1905; Cad
me lilac Seven Passenger Touring Car. Typ
"e 81. Model 1918, Motor No E9l3; 1 Cad
IN lilac Seven Passenger Touring Car, Typ
to- 81, Model 1919, Motor No. 543; Cadillac
Seven Passenger ger Touring Car Type Cs,s
~ Limousine, Type 50, Motor No. o 436. Mod
81. Ell 1917; l Cadillac Seven Passenger Tour
81. ing Car, Type 50, Motor No; S02 Mode
A. ing Car, Type So Motor No. 81. Mode
as s 1929; Cash in Bank, s811.5S; Account
ce. payable, s4.OOo.OO; Tools, etc. $1,000 90
s 1d se %H' Covers, 500 90; Total ss2,7nSs
rst Goodwill and trademark Seven Elevel
cir Auto Company, Inc, registered in the
cd s. Patent Office under the No. 1900.
ed 81 SS 40; Grand Total, $40,000O0.
of We, the undersigned Board of Director
,yn of the Seven Eleven Auto Company, Inc
ali appraise the above and foregoing prop
ali erty of Richard A. Barnes, doing bushes
of under the name Of Seven Eleven Aut
,ks company, inc. ,at tbe sum OF rory ihou'
asst and $40 COO 0 Dollars.
n RICHARD \. BARNES
90 | RICHARD T. MCBRIDE
ors =. II. PROWELL
I'M. May 26-June 80