The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-25
CHARTER OF
SCHARfENSTEIN MOTORS 60

! May lS-June ~
; CHARTER OF
, >CHARfEN>TEIN MOTORS CO, INt
state of Louisiana. Parish of Orleans
, city of New Orleans. BE il known tina
on this fourth day of May in the Yea
one thousand nine hundred and twenty
TWO, before me, WILLIAM WALLED
noJ NJ, Notary Public in and for tn
Parish of Orleans, State of Louisiana
duly commissioned and qualified, and i
the presence of the witnesses hereinnfte
named and Undersigned. personally cam
ana appeared the several persons who's
names are hereuntO subscribed all aboy
the fnll age of majority. who SEVERAL,
declared that, availing themselves of m
laws OF the State OF Louisiana. particu
larry Act 261 of 1914, relative TO tn
organization of corporations they do b,
theHe presents agree and bind them
| selves, as well as such other persons a,
may hereafter become associated witt
| them. TO form and constitute CORPORA
| tl"n for the objects and purposes and
under the articles and stipulations fol.
/ lowing, tO-wit:
AkTICLE l. The name, style and title
OF this corporation shall be SCHARF-
! ENSTElN MOTORS co, INC, and
| under that name u shall have and enjoy
all the rights, advantages and privileges
E Lii Dy law To corporations, and
snail exist for the full term and period
OF ninety mine years from this date Ii
| ShaH have power TO contract, sue and
De sued; To make and use a corporate
seai, ana the same TO alter and break
AT pleasure; to hold, receive lease pur-
chase, sell and convey, as well As mort
gage, hypOthecate and pledge property
real, personal and mixed, cOrporeai and
IncorPortaI TO name and appoint such
managers directors, officers agents and
other employers as its interest and con-
Nehlence may require, and to- make and
establish ts ,i as Wei as alter and amend,
from time TO time such bylaws, rules
ana regulations as may be- necessary
ana eApedlent for the proper manage
ment and government of the affairs of
said corporation.
ARTICLE ii. The domiclle of this
corporation is hereby fixed in the City
OF New Orleans, State of louisiana and
all citations or other legal process shall
be served upon the President of this
corporation, or, in his absence, upon its
Secretary.
ARTICLE III. The objects and mr.
poses for which this corporation is es-
tabllShed and the nature of the business
TO De carried on by it are hereby declared
TO De: 10 DO a general automobile and
dutomODlle agency business in the City
OF New orleans and elsewhere; to act
as agent for automobiles and AUTOMOBILES
trucks and any other autOmotiye yehi- |
cles TO operate and maintain automobile |
service stations; TO repair, overhaul and |
complete automobiles and AUTOMOBILES
trucks; to deal in, buy and sell auto |
MOBILES and all parts and accessories |
lhereOt; including oils and gasoline |
tlther Tor ITS own account or for account |
Of others; to operate and maintain
garages; to buy, sell, rent, lease. store
ana hire automobiles; to lease, rent.
purchase and maintain such buildings
ana premises as may be necessary, in
'ldental to or convenient for CARRYING on
Us said business; and generally TO do
ind transact all business properly con-
ipC'eu WIN incidental or convenient to
said |
ARTICLE ~. The capital stock of this
'orporatlOn Is hereby fixed AT the sum
II twenty Thousand Dollars $3.50 900 OO |
r r. De divided into and represented by
Wo hundred (2OO) Shares in the sum
Il One Hundred Dollars $500. OW each:
dlu STOCK shall only be issued for cash
II IN payment OF property actually re-
NV or purchased by said corporation
e Increased to the sum of Fifty Thou,
and Dollars ($5OOOOOO).
ARTICLE V. All the corporate powers
ms eniS CORPORATION shall be exercised by
~ board OF Directors consisting of four
~ ockholders, majority of whom
nan constitute quorum for the trans
ctlon of business. The directors NAV
Uyor IN person or by written proxy in
directors shall elect annually from !
nonS their number President. a Vice T,
resident, Secretary. and a Treasurer
:, ne nfSt Board of Directors shall con- :
and shall no | \
imposed of Frederick W. Scharfenstein :
eslle l.. Scharfenstein. Lewis II. Scborf I
lSteln and Jacob ID. Scharfenstein. with =
neuerlGk w. Scharfenstein as President,
tsne l.. Scharfenstein as Vice President
Owls Il. Scharfenstein as Secretary. and
iG0D ID. Scharfenstein as Treasurer. !,
Inc post office addresses of said dirac :
rs are as follows: Frederick W. Scnarf- a
leans; La; Leslie l.. Scharfenstein. n
IL Fern street. New Orleans La ',
wis IL. Scharfenstein, S422 s. Claihorne "
tnue, New Orleans, La; Jacob ID. p
. hIarIehsIeln' 1870 Baudin street, New r
these directors shall serve until the 81
.ond wednesday in May, 1929. or until .,
ar suGfessors have been duly elected r.
'ckholders for the election of directors !,
al be <'ld on the second Wednes- II
y in May of each year. unless said a.
y De legal holiday. and then on the p
enrr Ganh uay thereafter. Any vacancy p
or otherwise shall be filled 90
electlon for the unexpired term nv 10
remaining directors. Each subscriber a,
dress .o sets d after his name his postoffice
SHARES OF stock which he agrees to or
Sc IN the corporation. At all cleo We
us every stakeholder shall be entitled ds
ndieg vote i Tor each share of stock tn
corporation, to be cast in person or Of of
ms n written proxy. A majority Of tn
p votes cast shall elect al
lhiIicLE VI In the event OF the "
niuauon or dissolution of this cor M
atlon; the stockholders shall elect m,
ee hquidators from among their In
nper at meeting convened for that taI
pose, after fifteen (15) days' written sb
ice : sent to each stakeholder by mail sb
MS last known address: said uoni- on
ors snail have the authority TO wind co
me business and affairs of this cor ms
aion. In case of the death of
l li'l the survivor shall appoint a liz
,hm0ider as successor to him. no
VII. This charter nav h. ~,
llned; changed or altered. or said he,
porauon may be dissolved, with the no
M. mt OF stockholders owning two.tb,rds No,
me entire capital stock at oennraI 70 70
tlng or the stockholders CONVENED e. TO-
purpose, after fifteen l15l davs, mn
ten notice shall have been given =, No,
s.ockholder mailed to him at his iia,
, known address Ut MS 81
RTlCLE VIII. No subscriber 10, az
snali ever be held liable for tbs mo
Iacts' FAULTS or debts of said cor cor
tlon In any further sum than tha ass
ald balance. II any, due the co,nore mi,
'ed; nor shall any stockholder svo- VEN
,e,d liable for such Contracts fan,ts dar
iebts In any further sum than IN DIV,
10 balance, IL any. on fhe .tonN a.