The herald., 1915-06-03
CHARTER
OF THE PROGRESSIVE TRANSPORTA-
TON COMPANY, INC.
April Ttb


OF THE PROGRESSIVE TRANSPORTA
| TON COMPANY, INC.
| April 9TH, 1915
| United States of America, state of Louisiana
| Parish of Orleans, City of New Orleans
| Be Il known, that on this 9TH day Of III
month of April, in the year Of our Lord on
| thousand nine hundred and fifteen, and o
| the independence of the United States o
| America the one hundred and thirty-nnth
| before me, Rolla A. Tichenor, a notary pub
| lie in and for the parish OF Orleans, anC
| state of Louisiana, and in the presence o
| the witnesses hereinafter named and under
signed. personally came and appeared The
several persons whose names are hereinafter
stated and undersigned, who severally de
clare that they have covenanted and agreed
and do by these presents vuvcnaut and agre,
and bind and obiigate themselves, as well
as such other persons as may hereinafter
become associated with them. or succeeding
thereunto, to form and organize themselves
into a corporation and body polite in law
and under the provisions of and in accord
ance with the general laws of the state OF
Louisiana, and especially under act No. 267
Of the acts OF 1918, Of the General Assembly
of the state of Louisiana, for the term OF
ninety-nine years from the date hereof, and
under the corporate name of Progressive
Transportation Company. Incorporated the
domiCile whereof is fixed and declared to be
in the city Of New Orleans, state of Lou
lsiana, and its objects and purposes being:
To engage in, carry on, operate and con-
duct special and general "Gtney- bus and
automobile business; transfer and transpor-
tatiOn of baggage and freight TO transport
carry and convey passengers and freight upon,
over and along the streets of New Orleans
parish Of Orleans, state of louisiana, and
elsewhere, for hire and pront; and maintain
and conduct the above business, in all par
ticulars the same as If each thing necessary
and incidental thereto and thereunto apper-
tanning was and had been specially provided
for and incorporated herein.
The CaDital stock of this eb,I
be fixed at one hundred thousand (SlOO.0OOOO
dollars, divided into one hundred thousand
100000 shares, at the par value of one (SlOO)
dollar each, provided the amount TO which
the capital stock may be increased shall be
hve hundred thousand Cs5OO,OOO.OO) dollars.
The subscriptions TO the capital stock of
this corporation shall be payable in cash or
its equivalent.
All the powers of this corporation shall be
vested in a board of directors elected an
nually on the second Moday of April of each
year, beginning with the year 1916, by the
stockholdeTs OF this corporation by ballot The
board Of directors shall be composed of not
less than hve and not more than nine stock,
holders, elected aforesaid.
Zach share of the capital stock shall be
entitled to one vote, in person or by proxy.
The stockholders at the annual meeting
shall elect by ballot from among their mum.
Der, president, vice-president, secretary and
treasurer, which latter Office may be held by
me and the same person. The board of direc.
W. VI tiiiS NOIpOIdtiOn snail nave the
and authority TO delegate to any officer or
employee of this corporation all Of its powers
mo authority to manage, operate and conduct
he affairs of this corporation
The board of directors shall have the now.r
Ind authority to adopt a seal and TO max,
md establish such bylaws, rules and regu-
atoms Tor the operation, management and
onduct OF the affairs of the corporation, the
10 any and all acts and things NECESSARY and
roper to carry out the objects and purposes
u TINS corporation the same as II each thing
vas and had been specially provided for and |
Incorporated herein
The first board of directors of This corno-.
ton shall be: Thomas Wickham, r. L. Car.
er, D. w. Doolcy, A. Paul, G. d. Geddes
!. M. Young, E. Hollenbeck, Murray McRob. !
oS Soo, f H ELLA Ihs first officers of this
Dent 1921 Seventh ST., New Orleans, La:
NJ. Young, vice-president, 36l8 SARATOGA ST
lew Orleans, La; X. L. Carter, secretary
~ rt. foydras ST. New Orleans, La; R. L.
cans, La. Edgar Hollenbeck, Chairman of
ne DoaTd OF directors, 3ZZ Olivier St (AI-
l Frs New Orleans, La.
Inc board OF directors and officers, herein
oove named, shall serve until the second
londay OF April, 1916, or until their success
DIS are elected and qualified
Inc stockholders of this corporation shall
OF oe held liable for the contracts or faults
this corporation in any further sum ~.
lie unpaid balance due for subscrintions 70
lie capital stock. 'P'io"S 10
All citations shall be served on the nresi.
snt, OF IN his absence, on the vice-president
: secretary or treasurer
1t shall be lawful for the stockboId.-s 81
us corporation to create a voting trust in
Vor OF any person or persons selected Inv
enl, 10 the end that the person or persons
o. Seeea shall become irrevocably man
i'e agent ana proxy for said Stockholders ,
|. any term of not more than five vears.
men SAID mandate shall be in writing and
eclhcally define the powers of said t9ustso |
'wers thereunder. u"'ieS ana
AZ the termination of this charter bv lin.
au9n or otherwise, its affairs shall be Iio,,j .
lted according to the provisions of act az
is ne e,. aets OF iyl4, and the general laws of
the stockholders in accordance with tbe
DIVISIONS of said act 'i Nie
4 nus done and passed, at nv Office !, tb.
Z, Y Of New Orleans, on the 9TH day of April
,sIen IN, tne Presence OF Messrs. Hubert NJ #
ss.sy ana William l.. Der, competent wit. :
t SSes who have signed these presents to.
iei win SAID appearers and me, notary =
sia ede Fading d u Of the whole.
W. OIis,n mos "i6Eham, 1921 Seventh St, A
n SaI reans, "a 100 shares; J. NJ Young
ares; Robert L. Carter, 1901 PovdTas, c. !
s. s. Sri RamDi, Ia s. 100 shares D W Dooiey
ares; Geo. D. Geddes, 2s26 S Rsmn Ia ioo \
w Orleans. La, 100 shares. >1 , 81 d
,iiar, l4l6 Casquet St, New Orleans -
SHARES; Murray McRobinson, go 6 a. a.
"a %; iOO shares; c. Holenbeck. 322 OI;v;e- r
< 'hlgieTsl. 5000 shares; Alexander Paul J,
%. Laurel ST., 100 shares Hui' u y
Witnesses; Hubert NJ. Anslev. w po.-
a, X. A. TICHENOR, Notary Pnbiic :,
> me Undersigned recor,cr on nor,,,lC-., =
ana TOR the parish of Orleans e,et.
99isiana, do hereby certify that thu -, oi
Ioregoing act of incorporation Of tbe I
Dgressive Transportation Companv I,on. !;
e, s'ed, was this day recorded in The rno,,. =
: once OF the parish of Orleans in bonL %
'e" orleans, May 10. 1915.
(Signe0 EMILE J. LEONARD H.
a., Deputy Recorder Of MortgaD.s y
> ,t tne undersigned notary public. in srd =,
tne parish of Orleans, do hereby ce-.;f,i 7.
70, .ne above and foregoing is true and -
rect copy Of the original act OF ,nco-no anu re
= oI the Progressive TRANSPORTATION c.
~ incorporated, and Of the certificate nf
recorder OF mortgages for the naI;s5 ~ o.,
r ms aenereunto appended, and OF record IL
iaIth whereof I have hereunto GO, 49,, -.
, esr. hand and seal, ar me city Of New re r.,
cans on this 10Th day of Nav. jo1s Ne" &c
p 7, N * a. TiCHENOR, Notary Public
- ~ n tune IN II uDAiS-