The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-03
CHARTER.

Board of Directors shall serve until the
hrst day of February, 1922 or until their
successors shall have been Only elected and
qualihed. Thereafter the members elected
to serve on the Board of Directors shall
continue in office for one year or until their
successors shall have been elected and
qualified. The Office of Vice President and
treasurer Is combined, the Vice President
TO perform the duties of a Treasurer also.
The stockholders shall elect Board of Di-
rectors on the first day of February, and
tne succeeding day If the same be legal
holiday, of each succeeding year, who
shall serve for the ensuing year. The
election of Directors shall be by ballot
ana the person receiving the majority of
votes cast, either in person or by proxy.
or both, shall be declared elected. The
failure to elect shall not be regarded as a
forfeiture of this charter. For election
purposes, and for any other purpose, the
holder and owner of stock shall be en-
titled to one vote for each share thereof.
ana TO cast same in person or by proxy.
n Director may execute in writing his
power of attorney or proxy to one of his
co-directors or to n stakeholder of the cor
poration to act for him and in his stead.
majority of the Directors voting at any
one time at meeting of the Board of Di-
rectors shall be required to cast any reSO-
luton or adopt any bylaw. and which
when so adopted shall become valid cor
porate act. In case of vacancy on the
Board of Directors, the remaining men,
bers shall have the right TO fill such va
to enact such bylaws, rules and regula-
tons as in their opinion may be neces-
Sary and proper for the management. oper-
alton and control of the business of said
corporation. They shall have the right to
employ such persons they may see fit
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-
pose, shall be given in writing by the Sec
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
mt 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
ings 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.-This act of incorpora-
ton may be altered. amended sOr modified
or the cOrporatiyp dissolved by vote of
two-thirds in amount of capital stock at
n general meeting of stockholders called
for that purpose after due notice shall have
been given. as provided in Article VI Of
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
with full authority. to sell and dispose of
the assets of the corporation. and shall
have the right to fill any vacancies that
M In hot nhnr frnp mr.
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
contracts or faults of this corporation in
any further sum than the unpaid balance
due to the corporation on the shares sub
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 be
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 first
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 signedl Darmond L. We'll.
1122 Elysian Fields. New Orleans, La, II
shares: Albert ID. Gershner, 1874 S. Hagan.
New Orleans, La. IL shares; A. J. lie
Boeuf $40 Roosevelt Place, New Orleans,
La. sixten shares.
Witnesses: Joseph Rosenberg, Jno. ID.
Townsend.
FRED. DEIBEL, Not. Pub.
/. 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. IL, 1921.
(Signed.) ROBT. SCOTT, by. Rec.
A true copy. (SeaL)
FRED. DEIBEL, Not. Pub.
Feb. 3-March 10. .