The herald., 1922-06-08
CHARTER.

of One Hundred Dollars $4,000 each
! said stock shall only be issued for cash
| or in payment Of property actually re-
| ceived or purchased by said corporation
| The capital stock of this corporation may
! be increased TO the sum Of Fifty Thou
sand Dollars C$50,OOOGO)
| ARTICLE v All the corporate powers
Of this corporation shall be exercised by
a Board of Directors consisting of four
| ~ stockholders, majority of whom
! shall constitute quorum Tor the trans
action of business. The directors may
vote in person or by written proxy III
favor of another director. The Board
| OF Directors shall elect annually from
among their number a President, Vice
President a Secretary, and a Treasurer
| The first Board Of Directors shall con-
Sist of four stockholders, and shall b'
composed of Frederick ". Scharfenstein
! Leslie l.. Scharfenstein. Lewis Il. Scharf-
enstrin and Jacob u. Scharfenstein. with
| Frederick W. Scharfcnstcin as President,
| Leslie l.. Scharfcnstein as Nice-President,
! Lewis Il. Scharfenstein as Secretary, and
Jacob II. Scharfenstcin as Treasurer.
The post office addresses of said direC-
| tors are as follows: Frederick W. Schdrf-
enStein, 1924 ). Claiborne avenue, New
/ Orleans. La; Leslie l.. Scharfenstein,
| 1919 Fern street. New Orleans. La.
Lewis Il. Scharfenstein. s422 $. Claiborne
| avenue. New Orleans. La; Jacob II.
Scharfenstein. 1880 Baudn street New
Orleans. La.
These directors shall serve until the
their successors have been duly elected
and qualified. The annual meeting Of
stockholders for the election of directors
shall be nd on the second Wednes-
day in May of each year. unless said
day be a legal holiday. and then on the
next bank day thereafter. Any vacancy
occurring among the directors by death
resignation or otherwise shall be filed
by election for the uneXpired term by
the remaining directors. Each subscriber
hereto sets after his name his pOstoftice
address and statement of the number
of shares Of stock which he agrees to
take in the corporation. At all cleo
ti"nS every stakeholder shall be entitled
to one vote for each share Of stock
standing in his name on the books OF
th" corporation. to he cast in person or
by his written proxy. 4 majority OF
the votes east shall elect.
ARTICLE VI. In the event OF the
liquidation or dissolution of this cor
poratiOn. the stockholders shall elect
three liquidatOrS from among their
number AT a meeting convened for that
purpose. after fifteen 10 days written
notice sent To each stakeholder by mail
to his last known address; said liqui-
up the business and affairs Of this cor
poration. In case of the death of
hquidator. the survivor shall appoint a
stakeholder as successor to him.
ARTICLE VII. This charter may be
modified. changed or altered. or said
corporation may be dissolved. with the
assent of stock holders owning twO-thirds
of the entire capital stock at a general
that purpose, after fifteen 40 days
written notice shall have been given to
each stockholder. mailed TO him at his
last known address.
ARTICLE VIII. No subscriber for
stock shall ever he held liable for the
contracts. faults or debts Of said cor
poration in any further sum than the
unpaid balance. II any, due the corpor-
alton on the stock for which he has sub
scribed; nor shall any stakeholder ever
be held liable for such contracts. faults
or debts in any further sum than the
unpaid balance, If any. on the stock
owned by him; nor shall any mere in
fOrmality in organization have the effect
Of rendering this charter null. or render
ing any subscriber or stakeholder liable
beyond the unpaid amount, IL any, re
naming due on his stock.
No stakeholder in this corporation
can ever sell the stock owned by him
In this corporation, or any part thereof.
without first offering the same in writ
ing To the other stockholders. through |
the Board OF Directors. at its then book |
value. who will have the first option 10
the death of a stakeholder the right is
hereby reserved to the remaining stock |
holders TO purchase said stock ut its |
then book value.
gained under the laws of the State OF |
Louisiana, and especially Act No. 267 OF |
1914 and the subscribers hereto for |
themselves and said corporation, and |
Tor its officers, directors and Stockhod-
FRS. hereby accept, as part of this charter
and as conditions of this corporation.
all the rights, powers, privileges and
granted to corporations and
granted TO and conferred upon officers,
directors and stockholders of corpora
ions by said laws and said act; such
acceptance being as full, complete and
binding as if said rights, powers, priv
m mil tics |
ength in this instrument.
Thus done and passed in my notarial
'fhce. in the City of New Orleans afore-
aid. in the presence of Andrew X. Mar
inez and Holger q. KOhnke competent
witnesses of lawful age and residing in
his city, who hereunto subscribe their
names. together with said parties and
ne. Notary, on the day and date set
Orth in the caption hereof.
,mitted.)
Witnesses:
ANDREW r. MARTINEZ.
W. W. YOUNG.
Notary Public.
], the undersigned Recorder of Mort
RACES in and for the Parish Of Orleans
state of Louisiana, do hereby certif,
hat the above and foregoing act Of in
orporation OF SCHARFENSTEIN Mo-
TORS co, INC. was this day duly
CORDED eo In my office in book 1868, folio
New Orleans, May 5, 1922
ROBT. SCOTT, Deputy.
/ hereby certify the above and fore
,oing to be a true and correct copy OF
he original act Of incorporation OF
MOTORS CO. INC.
ogether with the certificate of the Re
order OF Mortgages on file and of record
n my office.
In faith whereof I hereunto set nv
and and seal this 9th day of May, A. ID
W. W. YOUNG,
Notary Public.
CHARTER OF
FINE, kRON CO. INC