The herald., 1922-11-23
ACT MO. -
ACT OF INCORPORATION OF NEW
ORLEANS CHEVROLET SALES
COMPANY, INCORPORATED.
october LIST, -.


United States Of America, State of
Louisiana, Parish of Orleans, City of
New Orleans Be IT known, That on
this. the LIST day of October in the year
and twenty-five (1922). and of the In.
dependence of the United States OF
America the one hundred and forty
seventh, before me. James Clark Hen
riques, notary public. duly commits
stoned and qualified. in and Tor the
Parish of Orleans. State of Louisiana,
therein residing, personally came and
appeared the persons whose names are
hereunto subscribed. who declared that
awaiting 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
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
LEANS CHEVROLET SALES COM
PANY, INCORPORATED" and under
that name IL shall have and enjoy all
the rights, advantages and privileges
granted by law to corporations: It sna,,
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 It's pleasure; to have and employ
such managers. directors. officers,
agents and other employees as the in
terest and convenience Of said corpora
ton may require or demand; to make
Axr-1 lou N
and establish such bylaws. rules and
ment and control of the affairs OF the
cor poration as may be deemed neees-
sary. convenient and expedfent
ARTICLE 1.-THE domicile Of this
corporation shall be in the City OF New lev,
citations and other legal process shall
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 by II. are hereby de-
clared to be as follows-to-wit: TO
engage in the business OF selling. pur-
chasing, trading and exchanging new
and used automobiles; to engage IN the E
and accessories and to maintain and
operate q garage. and generally. to 90
and perform any act or thing necessary.
convenient or proper for the carrying
and purposes.
ARTICLE Iv-The capital stock OF
this corporation Is hereby fixed at the
sum Of twenty-five thousand (S2b.-
900 00) dollars, divided into two nun
bred and fifty sh ss,sS az Sf the ae par eac
All shares of stock shall be full pald
and worcestershire.
Said stock shall be paid for in cash.
or the same may be issued. at not iess
than par, for labor done or services
rendered to the said corporation; or TOT
property or rights actually received by
this corporation.
This corporation shall have the right
to increase its capital stock up to the
further sum Of one hundred Thousand
ts1oo.eeo.eo) dollars. Or; or any any, par as
two hundred and fifty ($260) dollars
each, provided said increase in the cap
ital stock shall have been authorized by
the stockholders at q meeting neio
pursuant to the provisions OF law
This corporation shall be and become
centum Of stock shall have been sub
scribed.
ARTICLE v-All the corporate pow
ers of this corporation shall be vested
In and exercised BY a Board OF Direc-
majority cof whom shall constitute q
quorum for the transaction OF all busi.
ness. The directors shall be elected
annually by ballot by the stockholders
on the First Wednesday OF November
in each year The first Board OF DE-
rectors Of this corporation shall consist
Of George w. Stem, whose postotrtce
address Is New Orleans Louisiana; Ed
ward Heron, whose postoffice address Is
New Orleans. Louisiana. and Harry A.
Thompson. whose postoffice address u
New Orleans Louisiana. with George w.
Stem as President. Edward Heron as
vice-President and Harry A. Thompson
as Secretary-Treasurer. to serve until
the first wednesday Of November. 1873.
or until their successors shall nave
been duly elected and qualified. NO
failure TO elect directors shall be re-
earded as q forfeiture Of this charter
Any vacancy occurring on said board
shall be filled by the remaining mem
bers Of said board. Said Board Of pi-
rectors shall have the right to appoint
and dismiss such clerks. managers
statesmen and other employees OF the
corporation AZ In its judgment may De
deemed necessary. The tenure OF office
az All the employees Of this corporation
shall be during the pleasure OF the
hoard. Each stockholder shall be enti-
tied. in person or by proxy. to one vote
FOR every share Of stock owned BY him.
and all elections shall be held under
ruch rules and regulations az may Dc
specified BY the Board Of Directors
ARTICLE vI-This act Of incorpor-
ation may be changed. modified or Al