The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-01
BUY
THE
BEST
CHARTER.

and establish such bylaws. rules and
regulations for the corporate manage
corporation may be deemed neceS-
Gary. convenient and eXpedient.
ARTICLE 1.-The dOmicile Of this cor
poration shall be in tho City of New
Orleans. State Of Louisiana. and all cita-
tions and other legal process shall be
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 be car
ried GA by it. are hereby declared to he
as follows, to-wit;
To engage in the business OF selling,
purchasing, trading and exchanging new
and used automobiles and tractors; to
engage in the business 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 capital stock Of this
corporation is fixed at the sum OF
Twenty Thousand Dollars ($2O, 600 0O),
divided into two hundred coon shares
Of the par value of One Hundred Dollars
(SlOOW) each. All shares Of stock shall
be full-paid and worcestershire.
Said stock shall be paid for In cash.
or the same may be issued. at not less
than par, for labor done or for services
rendered to the said corporation, or for
property or rights actually received by
said corporation.
This corporation shall have the right
to increase its capital stock up to the
further sum OF One Hundred Thousand
Dollars $500 0O0l, or any part thereof,
To be divided into shares of One Hun
dred Dollars ($100.O0) each, provided
said Increase In the capital stock shall
have been authorized by the stockholders
q IV,.W h..lN
visions of law.
This corporation shall be and become
= going concern when fifty (JOl per cent
of its stock shall have been subscribed.
ARTICLE 5.-All the corporate powers
OF this corporation shall be vested in
and exercised by Board OF Directors
composed Of five stockholders, u majority
of whom shall constitute a quorum for
the transaction of all business
The Directors shall be elected annually
by ballot. by the stockholders. on tho
hrSt Tuesday of December in each year.
The first Board of Directors of this
| corporation shall consit of j. EMILE
JARREAU, whose pOstOffce address is
New Orleans. Louisiana; CHARLES A.
! STAIR, whose postofhce address is New
! Orleans, Louisiana, and MILTON LAS
| kER, whose postoffce address is New
Orleans Louisiana, with j. EMILE JAR
REAU, as President; CHARLES A.
STAIR. as ce-President: MILTON
| LASkER, as Secretary Treasurer; TO
serve until the first Tuesday In Decem-
Der, l922, or until their successors have
been duly elected and qualified.
No failure to elect directors shall be
regarded as forfeiture of this Charter
Any vacancy occurring on said Board
of Directors shall be filled by the re-
manning members of said Board.
Said Board of Directors shall have thu
right to appoint and dismiss such clerks.
, managers and other employees Of the
, corporation as in its judgment may be
deemed necessary.
The tenure Of office Of all the EN-.
! ployees of the corporation shall be during
the pleasure of the Board.
, Each stakeholder shall be entitled, in
person or by proxy, to one vote for every
/. share Of stock owned by him, and all
. elections shall be held under such rules
and regulations as may be specified by
the Board Of Directors.
ARTICLE 6.-This act Of incorporation
: may be changed, modified or altered. OF
d the said corporation may be dissolved
with the assent Of the stockholders own
ing two-thirds OF all the stock Of tn,
. corporation. at general meeting con
yened for that purpose, and after at leas
hfteen days written notice of this meet
.. ing has been given personally or through
the mail to each stakeholder at his las
recorded address.
, In case of dissolution, by the explra
ton of this Charter. or otherwise. after
, compliance with law, the stockholders
shall elect two liquidators from among
their number to llquidate and settle the
/, business and affairs of the corporation.
The said liquidators shall have full power
to settle the corporations debts and
divide the remaining money among the
stockholders. In the event of death or
disability of anyone OF the said liquida-
tors, the remaining liquidator shall full.
I'LL all the duties OF liquidator Said
liquidator shall have the power to fix and
prescribe the terms of sale Of said prop
erty and the manner in which the sale
shall be made.
They shall be vested with full. final
and complete power and authority neces-
sary, proper and eXpedent to do and
perform any and every act and thing
necessary to wind up and liqudate the
business and affairs OF the corporation.
ARTICLE NO stakeholder shall ever
be liable responsible for the contracts,
, faults or debts OF said corporation, nor
shall any mere informally IN its Organi-
zation have the effect Of rendering this
, holder to any liability beyond the unpaid
balance due on the shares OF stock SUBJ
, scribed for or owned by him.
ARTICLE 8-The subscribers here
, unto have respectively written opposite
their names the amount Of stock in this
corporation subscribed for by each of
them, that this Act OF Incorporation
; may also serve as the original subscrip-
ton list OF the corporation.
Thus done and signed Mt my office At
the City OF New Orleans. on the day.
month and year first above written, In
the presence Of Charles Leblanc and
,, Clarence J. Lauve competent witnesses,
residing in this parish, who have signed
, these presents. together with said ap.
pearers and me. Notary. after due read
ing Of the whole.
Original Signed: Chas Leblanc. Ciar.
. ence j. Lauve. e. A. Stair, 80 shares
Milton Lasker, 40 shares; J. f. Jarreau
: so shares.
FRANK T. DOYLE,
Notary Public.
I. the undersigned Recorder OF Mort
! cages in and for the Parish OF Orleans,
J State Of Louisiana, do hereby certify that
the above and foregoing Act OF Incorpor-
? alton OF JARREAU MOTORS CON-
PANY. INCORPORATED, WINS this day
, duly recorded in my office In book 1888
, folio -
New Orleans. La, November. 1921.
RoBT. SCOTT. by. r.
FRANK T. DOYLE.
Notary Public.