The herald., 1922-12-07

CHARTER OF AUTOMOBILE WRECK
ING & PARTS CO.. INC.
United States Of America, State of
Louisiana Parish Of Orleans, Be 1t known,
that on this the twenty fourth day of the
month of November, in the year ofour
Lord, one thousand, nine hundred and
twenty two, and of the independence of
the United States Of America, the one
hundred and forty seventh: before me,
Leslie Patton Beard, notary public in
and for the Parish of Orleans, State of
Louisiana, therein residing, and in the
presence Of the witnesses whose names
are hereunto subscribed, personally came
and appeared the several persons whose
names are hereuntO subscribed, who de-
clared that availing themselves Of the pro-
visions Of the laws Of the State of Louis
lana, relative to the organization and
formation of corporations, and more par
ticularly of Act No. 267 of the General
Assembly of the State Of Louisiana for
the year 1914, they have covenanted and
agreed and they do by these presents
hereby covenant, agree, bind and Obligate
themselves, well as such other persons
as may hereafter become associated with
them, to form and constitute a corpora
ton and body polite in law for the OBJ
jects and purposes and under the condi-
tons and stipulations following, which
they adopt as their charter, tO-wit:
ARTICLE THE name, style and title
Of this corporation is hereby declared to
be Automobile Wrecking & Parts Co, Inc,
and under such name and style II shall
have and enjoy succession and existence
for period of ninety nine (99) years from
date hereof, unless sooner dissolved by
liquidation or otherwise. 1t shall have
power and authority to contract, sue, and
! be sued; to make and use corporate
SEAL and the same to break and alter at
pleasure; to hold, purchase, sell, lease.
| mortgage, transfer, hypOthecate and pledge
property; real, personal and mixed, cor
In any other company or companies that
| may assist this company in its objects
| and purposes; to make and issue bonds,
notes, and other evidences Of indebted
ness and IL desired, to secure same by
| mortgage; to name and elect directors
and other officers, managers, employees
and to establish, alter and amend bylaws.
| rules and regulations for its proper
government as may be deemed necessary
| and proper and generally, to do any act
or thing necessary for the carrying on Of
ARTICLE 1.-THE domicile Of this cor
poratiOn shall be i'm the City Of New Or
| leans, State Of Louisiana; and service Of
citation and other legal process shall be
sence, upon the secretary treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation Is or
ganized and created and the nature OF the
business to be carried on and conducted
by IL are declared to be as follows: To
| buy, sell, exchange, barter or otherwise
deal in automobile and mechanical parts,
| both new and secondhand; to buy, ex-
change purchase or otherwise acquire new
or second hand automobiles for the pur-
pose Of dismantling and wrecking the
same and securing the parts and equip
ment therefrom; to conduct and operate
an automobile wrecking establishment
| and to operate any and all vehicles, ma
chinery and other equipment necessary
business and to maintain and operate a
general establishment for the repair OF
dismantlement Of any and all machinery,
automobiles or other vehicles Of any kind
| oh ~ no w
or any part or parts thereof, and in gen
eral to do and perform any and all acts
or things pertaining to or incidental to
the objects and purposes hereinbefort
ARTICLE Iv-The capital stock of this
Of five thousand dollars. ts5,ooooO) and
shall be divided into and represented by
FIVE hundred $500 shares OF the par value
Of ten ollars (&10.O0) each, which shall
be fully paid for and non assessable.
Said stock shall be paid for in cash oil
by property, or services actually rendered
to the corporation, or other equivalent OF
cash as provided by law and at such TIM
board Of directors.
This corporation shall become a goinf
concern and shall be authorized to com
mence business when fifty per centun
t50fd) of its capital stock shall have beef
subscribed and paid, either in cash or 1T
equivalent.
|
J may be increased to the sum Of twenty nv,
thousand dollars. G25,o0o.oo) as provided
by law.
this corporation shall be vested in and
exercised by a board Of not less thai
three nor more than five directors, a ma
jority Of which shall constitute a quorum
for the transaction of business.
Any director who is unable to attend
any meeting Of the board Of directors ant
is otherwise incapacitated from perform
ing the functions Of his office by Teasc 3,
writing another member Of the board o.
directors to act for him and as his proxy
and the board Of directors may delegate
ficers, or representative Of this corporation
The first board of directers q th,
corporation shall be composed Of the FOL
ana; Raymond NJ. Waters, residing a
! Columbus. Miss; James e. Waters. resid
leans, Louisiana. with the following Of
fers: Earl @. Workman, president; Ray
mond NJ. Waters, vice-president; Jame
e Waters. secretary TREASURED r and the e
. January. 1928, or until other successor
are elected and qualified.
: The directors shall hereafter be electet
second Friday Of January in each yea
!, after date hereof. Notice in writing o
said meeting shall be given to each stock
holder, not less than fifteen days prior Z
4 said meeting, addressed to each stock
, holder at his last known place Of resi-
/ dence. Special meetings may be calle'
at the expense and discretion Of the boar
of directors or a majority Of the stock
. holders upon giving written notice at leas
| FIVE days in advance Of said meeting
| which said notice shall likewise be ad
! dressed to each stockholder at his las
! known place Of residence. provided. how
ever. that said notice may be waived.
, Each stakeholder shall at any meeting
Of this corporation, be entitled In person
Of stock appearing In his name on tn
books Of this corporation.
The directors as elected, or otherwts
: designated, shall hold Office for one Il
year and until their successors have bee
elected and qualified. and failure to hol
. the annual meeting Of stockholders, or .
eject directors annually, shall not operat
the forfeiture of this charter, or any r1ght
Hereunder.
: ANY vacancy occurring in the board o
9 directors may be filed by the director
D for the unexpired term.
D ARTICLE VI-This act of incorporated
may be changed, modified or amended b.
D and with the consent Of three-fourths
1.-The st0ckholdefs. In person. or represent
! L ed ut q meeting held for that purpose an
Q this corporation shall have the right {
! increase it's capital stock At such meeting
( ARTICLE What the expiration Of TIL
9 charter, or the earlier dissolution OF TIL
: corporation. its Affairs shall be liquidate
I | BY two commissioners to be elected b.
the stockholders in accordance with Iav
land said commissioners are hereby veste
, with full power and authority n may o