The herald., 1922-05-18

! FELIX j. DREYFOUS.
Notary Public
May 1S-June %
CHARTER OF
SCHARFENSTEIN MOTORS CO, INC.
State of Louisiana. Parish of Orleans,
City of New Orleans. Be il known that
on this fourth day of May. in the year
one thousand nine hundred and twenty
two, before me. WILLIAM WALLER
Young, Notary Public in and for the
| Parish of Orleans. State of Louisiana.
duly commissioned and qualified, and in
the presence of the witnesses hereinafter
named and undersigned. personally came
| and appeared the several persons whose
names are hereunto subscribed, all above
! the full age of majority, who severally
| declared that. availing themselves of the
laws of the State of Louisiana. particu-
larly Act 267 of 1914, relative to the
| organization of corporations, they do. by
these presents, agree and bind them
| selves, as well as such other persons as
may he;eafter become associated with
! them, to form and constitute a corpora
| ton for the objects and purposes and
under the articles and stipulatiOns fol-
| lowing, tO-wit:
| ARTICLE 1. The name, style and title
of this corporation shall be SCHARF-
! ENSTEIN MOTORS Co, INC. and
under that name it shall have and enjoy
| all the rights, advantages and privileges
| granted by law TO corporations, and
shall exist for the full term and period
| shall have power to contract, sue and
| be sued; to make and use a corporate
/ seal, and 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, corporal and
incOrporeal; to name and appoint such
managers, directors, officers agents and
other employers as its interest and con-
yenience may require, and to- make and
establish as well as alter and amend,
from time to time, such bylaws, rules
and regulations as may ba necessary
and eXpedient for the proper manage
ment and government of the affairs of
said corporation.
ARTICLE III. The domicile 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 Ill The objects and pur-
poses for which this corporation is es
tablished and the nature of the business
to be carried on by it are hereby declared
to be: To do general automobile and
automobile agency business in the City
of New Orleans and elsewhere; to act
as agent for automobiles and automobile
trucks and any other automotive vehi-
cles; to operate and maintain automobile
service stations; to repair, overhaul and
complete automobiles and automobile
trucks; to deal in, buy and sell auto
HODlIes anu dll parts anu accessories
thereof, including oils and gasoline,
either for its own account or for account
of others; to operate and maintain
garages; to buy, sell, rent, lease, store
and hire automobiles; to lease, rent,
purchase and maintain such buildings
and premises as may be necessary, in
cidental to or convenient for carrying on
its said business; and generally to do
and transact all business properly con-
nected with, incidental or convenient to
any OF the said objects and purposes.
ARTICLE Nv. The capital stock Of this
corporation is hereby fixed at the sum
of Twenty Thousand Dollars $50, OOO. OO),
to be divided into and represented by
Two Hundred 5000 Shares in the sum
of One Hundred Dollars ($1OO.OO) 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 ($5O,OOOOO).
ARTICLE V. All the corporate powers
Of this corporation shall be exercised by
Board of Directors consisting of four
shall constitute a quorum for the trans
action of business. The directors may
vote in person or by written proxy in
favor of another director. The Board
OF Directors shall elect annually from
among their number a President. a Vice
President, Secretary. and Treasurer
The first Board of Directors shall con-
sisT OF three re- stockholders and shall be
Leslie l.. Scharfenstein. Lewis Il. Scharf- |
enstein and Jacob ID. Scharfenstein, with
Frederick w. Scharfenstein as President,
Leslie L. Scharfenstein as Vice. President.
Lewis b. Scharfenstein as Secretary, and
Jacob ID. Scharfenstein as Treasurer
The post office addresses of said direc- |
tors are as follows: Frederick w. Scnarf- |
enstein, 1924 S. Claiborne avenue, New
orleans, La; Leslie l.. Scharfenstein, |
1919 Fern street. New Orleans. La:
Lewis b. Scharfenstein, s422 S. Claiborne |
avenue aver New Orleans, La; Jacob d.
Scharfenstein, 1870 Baudin street. New |
Orleans, La.
These directors shall serve until the
second wednesday in May, 1923, or until |
ana qualified: The annual meeting Of |
stockholders for the election of directors |
shall be <eld on the second Wednes- |
DAY In May of each year. unless said |
next bank day thereafter Any vacancy |
occurring among the directors by death, |
resignation or otherwise shall be filled |
Dy erection for the unexpired term by |
hereto sets after his name his postoffice |
ADDRESS and statement of the number
OF shares of stock which he agrees to |
t thHe IN the corporation At all cleo
lions every stakeholder shall be entitled |
TO one vote for each share of stock
standing in his name on the books OF
me corporation, to be cast in person or
the Votes wr cast .t PROXY; majority of
ARTICLE vi. In the event of the
nquldation or dissolution Of this cor
poration, the stockholders shall elect
three liquidators from among their
number at meeting convened for that
purpose, after fifteen (15) days written
hotice sent to each stakeholder by mail
10 his last known address; said lj0ui-
gators shall have the authority to wind
up me business and affairs of this cor
poration. In case Of the death of n
nquidator. the survivor shall appoint a
stocRnolder as successor to him.
ARTICLE VII. This charter NAV he
mOdfhed. changed or altered, or said
corporation may be dissolved, with the
assent OF stockholders owning two-thirds
OF me entire capital stock at a general
meeting OF the stockholders convened for
tnat purpose, after fifteen G5) days'
written notice shall have been given TO
each stockholder, mailed to him at his
last known address. ~ "i'
ARTICLE VIII. No subscriber for
stock shall ever be 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-
itlon on the stock for which he has sub-
'crioed: nor shall any stakeholder ever
De held liable for such contracts. faults
" debts in any further sum than the
unpaid balance, IL any, on the stock