The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-25
CHARTER.
CHARTER OF CRESCENT CITY GAR
AGE, INC.

United States of America, state of Louis
lana. Parish of Orleans. city of New Dr
lpauS BE il known, that on this -J'h a.t
of the month of June, in tn" year OF our
Lord on- Thousand. nine hundred H.i
twenty one and of the Independence of jL,
nitrd States Of America tn" GA" tuudr'I
and forty fifth, Before me. William j.
Iiu>tr "A notary public. duly comm ~~'uu.d
and qualified. in and Tor the above parish
and state therein residing. and lu the
urrSeur. of the witnesses hereinafter
named and undersigned. personally came
and appeared The several parties whose
names are hereunto subscribed. who sever
ally declared that. ayailing themselves Of
the laws of the State of Louisiana. iu such
cases made and provided. and NOR" par
tiCularly of Act 26I Of tn" General Assem-
rIv of the State of Louisiana of 1914, re
Iating to the creation. organization and
formation of corporations, they have
cOvenanted and agreed. and by these pres
entS do hereby covenant. agre" and bind
themselves as well as all other persons as
may hereafter become associated with
them. 10 form a corporation for the oh
iects and purposes under the articles and
>tipuatiOns following. which they hereby
adopt as their charter, to-wit:
ARTICLE THE name and title OF this
corporation shall be Crescent City Garage.
Inc. and under its corporate name. II shall
have power and authority to have and IN
jov corporate existence for period Of
ninety nine years from date hereof, unless
sooner dissolved by liquidation or other
wise. 1t shall have power TO contract. TO
sue and be sued; TO make and use cor
porate seal. and to alter and break the
same at pleasure: to hold receive. lease.
purchase, transfer. assign. mortgage. by
pothecate, pledge or otherwise dispose of
property. real. personal or mixed. corpo-
real and incOrporeal: to issue bonds and.
if desired TO secure same by mortgage
70 hold stocks in other companies; to
make and elect officers and directors: to
make and establish. alter and amend by
laws. rules and regulations for its proper
government. as may be deemed necessary
and proper for the extension of the bust
ness in which the corporation is engaged.
ARTICLE 1.-THE domicile of this cor.
poration shall be in the City of New Or
leans, State Of Louisiana: and service of
process shall be made upon the president.
ARTICLE uI-The objects and purposes
for which this corporation is organized
and created, and the nature of the bust
ness to be carried on by it are declared to
be follows:
To conduct general business of gar
age: TO deal in, buy, sell, exchange. mort
gage automobiles or vehicles of any ma
ture whatsoever. used or new. and the
parts thereof To buy SELL and. in gene
raj. TO deal in fuel oils. lubricating oils
mechanical and electrical apparatus. ac-
ccSsOries. accoutrements or furnishings of
incidental to the manufacture. upkeep or
propulsion of automobiles or vehicles Of
any nature whatsoever To wash, store
paint, upholster embellish. or i'm general
automobiles or vehicles of any nature
whatsoever. To construct, establish
and conduct any plants or workshops.
warehouses or storerOomS. which may
he necessary for properly prosecuting
such business. and, generally, TO do and
perform all things pertaining and inciden-
tai to the carrying out and proper execu-
ton of the objects and purposes herein
above mentioned.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum
of eight thousand (SS.OOO.OO) dollars. and
all be divided into and represented by
eighty tSOl shares of common stock of
the par value of one hundred (S1000O
dollars each.
Said stock shall be paid for in cash or
by property, or services actually rendered
TO the corporation. or other equivalent Of
cash as provided by law. AMI IN such man
ner and at such time and in such install
ments as may be prescribed by the board
of directors.
This corporation shall become a going
concern and shall he authorized TO COM
mence business as soon as fifty 900 per
cent OF its capital stock shall have been
subscribed. and fifty (J0) per cent of all
stock subscribed for shall in fact have
been paid for, either in cash or its eQuiva-
lent.
ARTICLE V-The capital stock of this
corporation may be increased TO the sum
of fifteen thousand (Sl5OO0.O0) dollars,
by vote of two-thirds of all the stock pres
ent or represented at a special meeting
called for that purpose, or at a regular
annual meeting of the corporation.
ARTICLE VI-All certificates of stock
issued by this corporation shall be signed
and counter-signed by the president and
treasurer.
The stock of this corporation can be
transferred only on the books of the cor
poratiOn. and subject to such regulations
ana formalities as may be by the board
OF directors from time to time prescribed.
No stakeholder shall be permitted to sell
or otherwise dispose of his stock without
hrst Offering the same in writing to the
other stockholders. through the board of
directors. at price not exceeding the book
value thereof: and said stockholders, IN
proportion to their holdings, shall have an