The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-13
CH Ar TEP
r THE PROGRESSIVE TRANSl
TON COMPANY, INC.

| 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 1t known, that this 9TH day of the
month OF April. IN the year OF our Lord one
thousand nine hundred and fifteen. and Of
the independence Of the United States Of
America the one hundred and thirty-ninth
before me. Rolla a. Tichenor. a notary pub
hc IN and for the parish of Orleans, and
state of Louisiana, and in the presence OF
the witnesses hereinafter named and under
signed. personally came and appeared the
several persons whose names are hereinafter
stated and undersigned. who seyerallv de-
clare that they have covenanted and agreed
ana do by these presents covenant and agree
and oind and obllgate themselves, as well
as such other persons as NAV hereinafter
become associated with them. or succeeding
thereunto, to form and organize themselves
INTO 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. 767
of the acts Of 1914. 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 10 he
IN the city OF New Orleans state OF Lou
islsna' and ITS objects and purposes being:
10 engage IN, carry on, operate and con
duct special and general "Jltney- bus and
automobile business: transfer and transno-
tation OF baggage and freight: 10 ,ransport
carry and convey passengers and freight ,Inon
over and along the streets of New Orleans
parish OF Orleans, state of Louisiana and
elsewhere. for hire and prort; and maintain
and conduct the above business in all na-
uculars the same If each thing necessary
ana incidental thereto and thereunto apner
tanning was and had been specially provided
for and incorporated herein
Inc capital stock of this corporation shall
ne nNed at one hundred thousand (SIOO ON OO1
dollars, divided into one hundred thousand
llU,uOD shares, at the par value OF one (SI mn
dollar each, provided the amount TO which
the capital stock may be increased shall he
hive hundred thousand (S5OO,OOOOO dollars
Inc SUBSCRIPTIONS to the capital stock az |
lhis corporation shall be payable in cash or |
its equivalent "
All the powers OF this corporation shall he |
vested IN a board of directors elected an |
nuaIly on the second Moday of April ~ Zach |
year, beginning with the wear 1915. bv the
'tockhoiders OF this corporation by ballot The
BOARD OF directors shall be composed of NOT /
ess than hve and not more than nine stock
holders, elected as aforesaid
Each share Of the capital stock shall he
untitled TO one vote, in person or BY proxy
ne stockholders at the annual meeting
NAH elect by ballo. from among their nunn |
Yer. president vice-president, seeTetsrv I'M
reasurer, which latter Office NAV be held he
ne and the same person. The board of direc |
ors OF TINS corporation shall have the power
NJ authority TO delegate 10 any oficer or
OF this corporation all OF its powers
M authority TO manage, operate and conduct
ne affairs of this corporation
Inc board OF directors shall have the MOVIE,
no autnority to adopt seal and to make
no establish such bylaws. rules and reeu-