The herald., 1921-12-29
CHARTER.
ACT OF INCORPORATION OF JAR
REAL MOTORS CQMPANY INC.


dependence of the United States OF
America the One Hundred and Forty
sixth, before me, FRANK THOMAS
DOYLE, a Notary Public, duly commits.
stoned and qualified, in and for the
| Parish of Orleans, State of Louisiana.
therein residing, personally came and
! appeared the persons whose names are
| hereunto subscribed, who declared that.
availing themselves of the provisions OF
the laws of this State relative to the
organization of: corporations. and more
particularly Of Act No. 267 of the General
| Assembly of this State, approved July
| 9th, 1914, they have covenanted and
agreed, and do by these presents cove
nant and agree, bind. form and constitute
| themselves, as well as such persons who
may hereafter join or become associated
with them, into corporation and body
polite in law, Tor the objects and pur-
poses and under the agreements and stip-
| ulations following. to-wit:
| ARTICLE 1.-The name and style Of
this corporation shall be 'JARREAU
| MOTORS COMPANY. INCORPORATE
! Ed" and under that name it shall have
and enjoy all thu rights, advantages and
! tons: it shall exist for period Of
ninety nine years. from this date; ii shall
/ have the power to contract sue and be
| sued in its cooperate name; to make and
/ use corporate seal, the same to break
I or alter at its pleasure; to have and en-
ploy such managers. directors. officers,
| agents and Other employees as the in
! tereSt and convenience of said corpora
tiOn may require or demand; TO make
and establish such bylaws. rules and
regulations for the corporate manage.
ment and control of the affairs of the
corporation as nay be deemed ncces-
sary. convenient and eNp2dient
ARTICLE o-The domiciIc of this cor
poration shall b in the City Of New
Orleans. State of Louisiana, and all eta.
a. Al Oh, la
served on the President, or in his alb
Sence on the First Vice President.
ARTICLE 3.-The objects and purposes
for which this corporation is organized,
and the nature of the business to he car
ried on by it. are hereby declared TO he
as follows. tO-wit:
To engage I'm she business of selling.
purchasing. trading and exchanging new
and used automobiles and tractors; 10
engage in the I2SineSS of selling all
automobile parts and accessories. and to
maintain and operate a garage, and gen
orally to do and perform any act or thing
necessary, convenient or proper for the
carrying into effect the above named |
objects and purposes.
ARTICLE THE capiraf stock Of this |
corporation is f Ted at the sum Of |
Twenty Thousand Dollars (S20OO0OO). |
divided into two hundred (20O) shares
of the par value of One Hundred Dollars
($1OO0O) each. Al shares Of stock shall
be full-paid and I;Dn-assessable.
Said stock shallsbe paid for in cash.
or the same may be issued, ut not less
than par. for labor done or for services
to the said corporation. or for
or rights actually received by
said corporation.
This corporation shall have the right
% increase its capital stock up to the
urther sum of One Hundred Thousand
Dollars (SlOO.WOOO), or any part thereof.
o be divided into shares of One Hun
lred Dollars (S1C0OO) each, provided
lave been authorized by the stockholders
It meeting held pursuant to the pro-
'isiOns of law.
This corporation shall be and become
going concern when fifty (50) per cent
# its stock shall have been subscribed. !
ARTICLE 5.-All the corporate powers !
f this corporation shall be vested in :
nd exercised by a Board of Directors. J
opposed of five stockholders, a majority !
whom shall constitute a quorum for q
he transaction of all business. q
The Directors shall be elected annually I
Y ballot, by the stockholders on the O
rst Tuesday of December in each year. 4
The first Board of Directors Of this
Drporation shall COnsit Of J. EMILE G
ARREAU. whose pOstOffice address is q
ew Orleans, Louisiana; CHARLES A. 4
TAIR, whose postOffice address is New h
rleans. Louisiana, and MILTON LAS G
Err, whose pOstOffce address is New
rleans, Louisiana. with ]. EMILE JAR.
EAU. as President; CHARLES A. !.
TAIR, as Vice President: MILTON u
as Secretary Treasurer; to a.
rive until the frs: Tuesday in Deem o.
ar. 1922. or until 4heir successors have Il
zen duly elected and qualified.
No failure to- elet directors shall be =
garded as a forfeiture of this Charter. n
Any vacancy occIrring on said Board .,
Directors shall be filed by the re- n
aiming members =; said Board. n
Said Board of Directors shall have the e,
ght to appoint and dismiss such clerks. .,
anagers and Other employees of the :,
'rporation as in sts Judgment may be :,
eemed necessary. ) !,
The tenure of Office of all the en- !.
lOyees of the corporation shall he during IL
he pleasure of the Board. u
Each stakeholder shall be entitled. in
erson or by proxy to one vote for every IT
mare OF stock owed by him, and all d
Lotions shall be seld under such rules a
ne Board of Direstors. Il
ARTICLE 6.-Thia act of incorporation Il
lay be changed, T3odified or altered, or
ne sald corporation may be dissolved. e,
lth the assent of She stockholders own OF
lg two-thirds of all the stock of the a,
Drporation, at a general meeting con- n
ened for that PURPOSE. and after at least q,
fteen days writteh notice of this meet II
" mas been given personally or through I,
ne mail to each b. ockholder at his last h
In case of dissosltion. by the expira. tt
on of this Chartss. or otherwise, after
ompliance with slw. the stockholders p
hall elect two Regulators from among IN
heir number to liSuidate and settle the C
usiness and Affairs of the corporation. Il
ne SAID hquidators. shall have full power r.
, settle the corporations debts and Il
lvlde the remaining money among the III
.ockholders. In tIe event of death or oil
lsaDlllty or ANYONE of the said liouida ID
,rs' the remaining liquidatOr shall full.
IL an the duties of liquidator. Said al
quldator shall have the power to fix and OF
rescrlbe the terms sof sale of said prom sc
10y and the manner in which the sale
lall be made. CO
nd complete power and authority nacnS' n
Try, proper and sxpedient TO do and
erform any and every act and tbing o
ecessary to wind up and liquidate the
usimeSs ana affairs of the corporation. o
ARTICLE NO stockholder shall ever
iaDle or responsible for the contracts O
uits or debts of said corporation. nor
lan any mere info.mality in its organi- O
,tlon nave the effect of rendering This w
h IIter null. or OF exposing a stock NJ
,ir 10 any liability beyond the unpaid ar
ilance Que on the shares of stock sub nj
ribed for or ownel by him.
ARTICLE S.-Tha Subscribers b.ro- ~
lto have respectively written onnosite nc
elr names the amSunt of stock in tbis Oh
rporatlon subscribed for by each OF
en- so that this Act of Incorporation Oh
ay also serve as ehe original subscrin 90
on list of the CORPORATION. ~ ~
nus done and signed at my office at no