The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER.

discharge such clerks and employees of
the corporation, including the secretary,
who is not a stakeholder or director, as
conditions may justify or the business OF
the corporation may require. The tenure
of office of all of the employees OF TINS
corporation shall be during the pleasure
Of the board of directors. The board OF
directors may. from among its members.
appoint an executive committee. which
said committee shall consist of three mem
berS. including one of the officers or the
corporation. and the board of directors
may delegate such managerial powers as
il deems necessary to the executive com
mittee which said committee shall report
at each meeting of the board of directors.
ARTICLE VINO stakeholder shall ever
be held liable or responsible for the CON
tracts faults, debts or duties of this cor
poratiOn. nor shall any mere informality
in its organization have the effect of rem
dcring this charter null or of exposing its
stockholders to any liability beyond that
every subscriber TO the capital stock Of
this corporation. though not holder,
shall he personally liable To the creditors
of this corporation to an amount equal 20
the unpaid balance on the stock Tor Whlch
ne has subscribed. TrauStereeS shall not
be liable unless il he shown that the stock
was acquired with knowledge of the con
dtiOnS, which would make the subscriber
liable. Where both subscriber and trans
fierce are liable the liability shall he in
Solido. ana the liability shall continue as
10 both after any disposal of the stock.
Further. that if stock be issued for pro
p"rty in violation of the provisions of this
act. or if any dividend or other diStriBu-
ti0n Of the assets be made, other than that
from net profits, or if a reduction of the
capital be made under the guise of a loan
TO a stakeholder, or if any report or state
mCnt of public notice shall not be made,
Is required by law, or if made shall he
false in any material representation, the
az, x-nfi mr.
asserting thereto. shall be Jointly and
Sryerally liable TO the creditors of this
corporation for any loss or damage arts
ing therefrOm.
ARTICLE NII-This act OF incorpOra-
ton may be changed. modified or altered,
or this corporation may be dissolved win
the assent of the stockholders owning
twO-thirdS of the issued stock Of this cor
pOratiOn. or may be further modified with
the assent of the stockholders owning
three fOurthS of the issued capital stock
Of this corporation; all as is provided by
Act No. 267 of the General Assembly ot
the State of Louisiana for the year 1914,
and the amendments thereto, at 4 meeting
of the stockholders convened for that pur-
pose. and after due notice shall have been
given each OK the said stockholders as
provided for in Article of this charter
or act of incorporation. except that when
ever in the Judgment of the board of di-
rectOrS il shall be deemed advisable and
should be dissolved. the board Of directors
within ten days after the adoption of
resolution to that effect, by a majority of
the whole board of directors at a meeting
called for that purpose, of which meeting
each director shall have received three
days notice. shall cauSe notice of the
adoption of such resolution to he mailed
10 each stakeholder. together with no
tice Of the meeting of the stockholders
To he held in the office of the corporation
to take action upon the resolution so
adopted by the board of directors. In
case Of the dissolution of this corporation
by the expiration of its charter, or other
wise. the stockholders shall elect three g.
Iquidators from among their number,
who shall have full power and authoritv
to liquidate and settle the business and
affairs of the company. In case of the
death or disability of any of said licuiia-
tors the survivor or survivors shall ap-
point successor or successors to him or
them.
ARTICLE VIII-Until the election to be
held on the First Monday in April. 1879
the following stockholders shall cOnSti-
tUte the first board of directors: Ralph
Ed. J. Filleul, Victor X. Kiam.
with the said Ralph 4. Willkomm a. presi-
dent; William J. Willkomm as yice-presi-
dent: +. \. Rogers as treasurer. and Vic
tor X. kiamm as secretary. their reSpec-
tive addresses being as follows: Ralph
\. WillkOmm. 1858 WoOdlawn Avenue
New Orleans. Louisiana; William J. Will
kOmm. 1858 WoOdlawn Avenue. New Or
leans, Louisiana; +. A. Rogers. 1920 How
ard Street, New Orleans. Louisiana: Vie
tor X. Kiam as secretary, their respec-
ing New Orleans, Louisiana.
ARTICLE IN-The subscribers have
written opposite their respective names
the amount of stock of this corporation
to be subscribed by each of them. which
is as follows: Ralph 4. Willkomm. 81
shares; William ]. Willkomm, 3 shares;
f. 4. Rogers, shares.
Thus done and passed in my office in
the City of New Orleans, State Of Louis
jana, on the day. month and year first
written. in the presence OF
Elsie g. Johnson and Bernard Titche. Jr.
witnesses. who have hereunto
bearers and me, notary, after due reading
of the whole.
Witnesses: Bernard Titche. Jr, Elsie
G. johnson.
ORIGINAL SIGNED)
Ralph 4. Willkomm subscribed 81
shares; w. J Willkomm subscribed :
shares; +. a. Rogers subscribed shares.
(SeaD: VICTOR X. KHAN.
Notary Public.
(seaD: VICTOR X. KHAN.
Notary Public.
I. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans.
State of Louisiana, do hereby certify that
tnt dbuft ibTtsOlH- -Atl VI lHCOTpOTd-
ton Of the Reliable Used Car Company,
Inc, was this day duly recorded in my
Office in Book 1868, folio -.
New Orleans. La, April 9Th. 1922.
(SigneGJ: ROBT SCOTT.
Deputy Recorder.
/ hereby certify the foregoing to be a
true and correct copy of the original on
file in the records of my office at New Or
leans La.
(SeaD: VICTOR X. KAN
Notary Public.
April 13-May Is.