The herald., 1922-10-26
CHARTER.

in each year The first Board of Di-
rectors of this corporation shall CONSIST
Of George W. stem, whose postotIlce
address is New Orleans, Louisiana; Ed
ward Heron. whose postoffice address is
New Orleans, Louisiana, and Harry n.
Thompson, whose postofflce address ~
New Orleans Louisiana, with George w.
Stem as President Edward Heron as
Vice-President and Harry a Thompson
as Secretary-Treasurer, TO serve untli
the first "Wednesday of November iSZS'
or until their successors shaii hrNe
been duly elected and qualified. No
failure to elect directors shall be re-
garded as a forfeiture OF TINS charter
Any vacancy occurring on SAID bodTu
shall be filled by the remaining mem
berS of said board said Board OF III
rectOrs shall have the right TO appoint
and dismiss such clerks, managers
statesmen and other employees OF the
corporation as in its Judgment may be
deemed necessary. The tenure of Once
of all the employees OF this corporation
shall be during the pleasure OF the
board Each stakeholder shall be emu
tied, in person or by proxy, u one vote
for every share of stock owned by MN
and all elections shall be neld under
such rules and regulations as may be
specified by the Board of Directors.
ARTICLE VI-This act of incorpor-
alton may be changed. modified or al
tered. or the said corporation may ne
dissolved, with the assent Of the STOCK
holders owning two-thirds of all the
stock of the corporation, at general
meeting convened for that purpose
and after at least fifteen days written
notice of this meeting has been given
personally or through the mail to each
stakeholder at his last recorded address.
In case of dissolution by the eXpira-
ton of this charter, or otherwise, after
compliance with law, the stockholders
shall elect two iquidators from among
their number to liquidate and settle the
business and affairs of the corporation.
The said liquidators shall have tull power
to settle the corporations debts ana
divide the remaining money among the
stockholders. In the event of death or
disability of any one of the said hqui-
dttOrs. the remaining liquidator ShaIl
fulfill all the duties of lquidatlng sald
corporation. Said liqUidators shall have
the power to fix and prescribe the
terms of sale of said property and the
manner in which the sale shall be MADE.
They shall be vested with full, final,
and complete power and authority
necessary. proper and eNpedient to do
and perform any and every act ana
thing necessary TO wind up and lqui-
date the business and affairs OF IN"
corporation.
ARTICLE VII.-No stockholder shall
ever be liable or responsible for the
contracts faults or debts of this COZ
poration, nor shall any mere infor nallty
| in it's organization have the erect OF
rendering this charter null or OF expos
| ing Il StoCkuOlutT 10 any ildbAll'S
yond the unpaid balance due on the
shares of stock subscribed for or owned
| by him.
ARTICLE VIII. The subscribers
| hereunto have respectively written OPP
posite their names the amount of stock
/ in this corporation subscribed for by
! each of them, so that this act or IN
/ corporation may also serve as the orig
| inal subscription list of the corporation.
Thus done and signed, at my OFFICE.
| in the City of New Orleans, on the day,
| month and year first above written, in
| the presence of Frank I. Doyle ana
| Clarence J. Lauve. competent witnesses.
residing in this Parish, who have signed
| these presents together with said ap-
bearers. and me. notary, after due read
! ing of the whole.
| (Signed): Geo. W. Stem, Edw. Her
| on Harry \. Thompson,
Frank T. Doyle, c. j.
| Lauve.
J. G HENRIQUES.
Notary Public.
/, the undersigned, Recorder of Mort
| cages in and for the Parish of C-leans,
State of Louisiana, do hereby certify
! that the above and foregoing Act or
| Incorporation of the New orleans Chew
rolet Sales Company, Inc, was this day
| duly recorded in my office. in Book No.
| 1879, folio -. New Orleans, October
! 18th, 1922. -
r.; (Signed) ROBT. SCOTT,
by. Recorder of Mortgages.
], J. c. Henriques, hereby certify that
the original Act of Incorporation on file
i'm my office.
(Signed) J. c. HENRIQUES
| oct26-nOV3O