The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-02
ACT NO. -.
ACT OF incorporation OF NEW
ORLEANS CHEVROLET SALES
COMPANY, INCORPORATED.
October LIST, 1922,

United States of America, State of
Louisiana, Parish of Orleans, City of
New Orleans. Be IL known. That on
this. the LIST day of October in the year
of our Lord one thousand nine hundred
and twenty-five C1922). and of the In
dependence of the United States o;
America the one hundred and forty
seventh, before me, James Clark Hen
riques. a notary public, duly commits
stoned and qualified. in and for the
Parish Of Orleans. State of Louisiana.
therein residing, personally came and
appeared the persons whose names are
hereunto subscribed. who declared that
availing themselves of the provisions
of the laws of the State of Louisiana
relative to the organization of corpora
tions. and more particularly of Act No.
267 of the General Assembly of the
State of Louisiana for the year 1914,
approved July 9Th. 1914. they have COW
enanted and agreed. and do by these
presents covenant and agree, bind, form
and constitute themselves. as well as
such persons who may hereafter join.
or become associated with them, into
a corporation and body polite in law,
for the objects and purposes and under
the agreements and stipulations follow
ing-to-wit:
ARTICLE 1.-The name and style of
this corporation shall be NEW OR
LEANS CHEVROLET SALES COM
PANY. INCORPORATED" and under
that name IL shall have and enjoy all
the rights, advantages anu pTlNlitEts
granted by law to corporations: IL shall
exist for a period of ninety-nine years
from this date: II shall have the power
to contract. sue and be sued in its cor
porate name: to make and use cor
porate seal, the same to break or alter
at us pleasure: to have and employ
such managers. directors, officers.
agents and other employees as The in
terest and convenience of said corpora
tion may require or demand; TO make
on hv-lawd rnlp and
and establish such bylaws. rules and
ment and control of the affairs of the
corporation as may be deemed neces-
sary, convenient and expedient.
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
citations and other legal process snail
be served on the President or. in his
absence. on the Vice-President.
ARTICLE III.-The objects and pur-
poses for which this corporation Is or
ganized. and the nature of the business
to be carried on bv IL. are hereby de
clared to he as follows-to-wit: TO
engage in the business of selling, pur-
chasing. trading and exchanging new
and used automobiles: to engage in the
business of selling all automobile parts
and accessories and to maintain ana
operate a garage, and generally. to do
and perform any act or thing necessary
convenient or proper Tor the carrying
INTO erect IDc dDoNt obJSNNa
and purposes.
ARTICLE IV.-The capital stock OF
this corporation is hereby fixed at the
sum of twenty-five thousand (s25.-
900 00) dollars. divided into two nun
bred and fifty shares. of the par value
of one hundred (s10000) dollars each;
All shares of stock shall be full paid
and worcestershire.
Said stock shall he paid for in cash,
or the same may be issued. at not less
than par. for labor done or services
rendered to the said corporation. or for
property or rights actually received Dy
this corporation.
This corporation shall have the right
to increase it's capital stock up to the
further sum of one hundred thousand
$500 900 00) dollars. or any part
thereof. to be divided into shares OF
two hundred and fifty (s250) dollars
each. provided said increase in the cap
ital stock shall have been authorized by
the stockholders at meeting helu
pursuant to the provisions of law.
This corporation shall he and become
a going concern when fifty C5Oo) per
centunn of stock shall have been sub
scribed.
ARTICLE v-AlI the corporate pow
ers of this corporation shall be vested
in and exercised by a Board of Direc-
tors. composed Of three stockholders,
Majority of whom shall constitute a
lot lNc VI oil
ness The directors shall be elected
annually by ballot by the stockholders
on the First Wednesday Of November
in each wear The first Board OF d.
rectors of this corporation shall consist
of George W. Stem. whose Dostotfice
address is New Orleans. Louisiana: Ed
wa I'd Heron. whose postoffice address Is
New Orleans. Louisiana and Harry A.
Thomson. whose postoffice address rs
New Orleans Louisiana. with George w
Stem as President Edward Heron as
and Harry A. Thompson
as Secretary-Treas urer. to serve until
the first Wednesday of November, 1928.
or until their successors shall have
hean duly elected and qualified. NO
failure to elect directors shall be re-
sarded as a forfeiture of this charter
Anv vacancy occurring on said board
shall he filled by the remaining mer-
hers of said hoard Said Board OF Df-
rectors shall have the right to appoint
and dismiss such clerks. managers
statesmen and other employees OF the
corpora ton as in it's judgment NAV he
deemed necessary The tenure of office
of all the employees of this corporation
shall be during the pleasure of the
hoa-d Each stakeholder shall be entt-
tied. in person or by proxy. to one vote
for every share of stock owned by him.
and all elections shall be neld under
such rules and regulations as may De
specified bv the Board of Directors
ARTICLE vI-This act Of incorpor-
ha hon r,ndiffad AL