The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER.

Board of Directors shall serve until the
first day of February, 1922, or until their
successors shall have been duly elected and
qualified. Thereafter the members elected
10 serve on the Board OF Directors shall
continue m Office for one year or until their
successors shall have been elected ano
qualified. The Office Of Vice President and
Urea surer is combined. the Vice President
TO perform the duties of Treasurer also.
The stockholders shall elect Board OF III,
rectors on the first day of February, and
the succeeding day If the same be legal
holiday, of each succeeding year, VINO
shall serve for the ensuing year. The
election of Directors shall be by ballot
and the person receiving the majority or
votes cast, either in person or by proxy
or both shall be declared elected. The
failure to elect shall not he regarded as a
forfeiture of this charter. For election
pur, Oses. and for any other purpose. the
holder and owner of stock shall he en-
tied TO one vote for each share thereof,
and to cast same in person or by proxy.
\ Director may execute in writing his
power of attorney or proxy 10 one OF MS
90 directors or To a stakeholder of the cor
pOration to act for him and III his stead.
4 majority of the Directors voting at any
one time at meeting of the Board of III
rectOrs shall be required TO cast any reS0-
luton or adopt any bylaw. ana when
when so adopted shall become valid cor
pOrate act In case of vacancy on the
Board Of Directors, the remaining MEM
beers shall have the right to NIL Such va
cancy. Said Board shall have the power
to enact such bylaws, rules and regula-
tions as in their opinion may be ncces-
sary and proper for the management. oper-
alton and control of the business of said
corporation. They shall have the right 70
employ such persons as they may see mt
and to fix their salaries or other cOmpen-
satiOn.
ARTICLE VI-Notice of all stockhold-
ers' meetings convened and held for the
election of Directors. or for any other pur-
r--se loo fI.a SEs.a-
rotary and may be served personally or
deposited in the mail at 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. published
at the domicile of said corporation In the
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
inys the majority of the votes east. both in
person and by proxy, shall be 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 VII-Tnis act of incorpora.
ton may be altered. amended or modified
or the corporation dissolved by vote of
general meeting of stockholders called
for that purpose after due notice shall have
been given, as provided in Article vi or
this Charter. and according to law: and in
case of dissolution of the corporation. the
stockholders at such meeting shall elect
three commissioners of liquidation. who
have plenary power and entire charge
of such liquidation and shall be vested
the assets of the corporation, and shall
have the right to fill any vacancies that
may 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 in
proportion to the number of shares held
by each.
ARTICLE VIII-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation In
any further sum than the unpaid balance
due to the corporation on the shares SUD
scribed by him. nor shall any infOrmality
in the organization have the effect of rem
dering this charter null, or of exposing a
stakeholder to any liability beyond the
amount of his unpaid balance that may De
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 hrst
above written, in the presence OF Jno. ID.
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.
(Original signed.) DarmOnd 4. We'll,
1722 Ely sian Fields. New Orleans, La, IL
shares: Albert ID. Gershner, 1874 S. Hagan.
New Orleans, La. IL shares; n. J. lie
Boeuf. $40 Roosevelt Place, New Orleans,
La, sixten shares.
witnesses: Joseph Rosenberg, Jno. d.
Townsend.
FRED. DEIBEL, Not. Pub.
I. 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. l., 1921.
(Signed.) ROBT. SCOTT, by. Rec.
A true copy. (SeaD
FRED. DBIBEL, Not. Pub.
Feb. 3-March 10.