The herald., 1915-04-01

corporation as may be necessary and proper
Article 1.-THE domicile OF this corporation
shall be in the City of New Orleans, Parish
Of Orleans, State of Louisiana. and all cita-
tions other legal process shall be served
on the president of said corporation, or, in the
event of his absence on the vice-president.
Article llI-The objects and purposes OF this
corporation declared to be to operate a
general transfer and transit business with
tomobile and motor cars; TO maintain garages
for the purpose of repairing all said machines,
and carriage of passengers and freight in all
parts of the City of New Orleans and sur
rounding Parishes, and to do and perform a
general livery business with automobiles and
similar machines; to acquire and use the
routes and franchises of similar companies,
and generally to do and perform all business
necessary to operate the said carriage and liv-
cry business.
Article IV-The capital stock of the said
corporation is hereby fixed at FIVE thousand
! (S5,0O0OO) dollars represented by one hundred
shares of the par value of fifty $4,000 dollars,
| each, which may be issued for cash or proper
~. This company shall begin business as
soon three thousand dollars of said stock
has been subscribed.
Article Vail the corporate powers of this
corporation shall be vested in, and exercised
by board of directors composed of FIVE (s)
stockholders, who shall be elected annually on
the last Monday in February of each year,
beginning with the year, 1915, majority of
said board shall constitute a quorum for the
transaction of any and all business.
At all elections each stakeholder shall be
entitled to one vote for each share OF stock
held by him, and majority of votes cast
shall elect. A failure to elect directors at a
| regular meeting shall not dissolve the cor
poration, but the directors then in Office will
continue to act until their successors are
elected and qualified. Notice of the time of
holding any and all meetings shall be given
| by the secretary TO each stakeholder, such
| notice to be sent by mail, five days before
| such meeting, and directed to each stakeholder
| at his last known address.
Immediately upon being elected the direc-
| tors shall elect from among their own number
a president vice-president and secretary
and treasurer.
The said board shall also have full power
| and authority to borrow money through the
president or some other duly authorized
agent or agents to execute mortgages and is
sue notes, bonds or other obligations and
| generally to do all the things necessary for
| the proper carrying of the business of the
said corporation; as also to issue and deliver
full paid shares of stock and bonds and other
obligations of the said corporation in payment
| of the money borrowed or money, labor, SER
vices, property or rights actually received by
| the said corporation, as hereinbefore set forth
Vacancies in the board of directors shall
| be hlled bye the remaining members of the
| board.
| Until the next meeting to be held under
| this charter, or until their duly qualified
| successors are elected and installed. the board
| OF directors shall be composed of Doctor
| Charles V. Kraft, who shall be president.
Philip roto, who shall be vice-prrsioent
Philip Cafiero, who shall be secretary and
c. E. Lee Dunn, who shall be treasurer and
John Kleinkemper.
Article VI-The capital stock may be in
creased or diminished upon complying with
| formalities imposed by law.
| Article VII-Whenever this corporation
shall be dissolved, either by Limitation or
from any other cause, its affairs shall be
liquidated by committee of three stockhold-
ers appointed at general meeting of the
stockholders convened for that purpose, and
said committee shall have full power to per-
form all acts necessary for the purpose of
| liquidation
Article XIII;-,No stakeholder of this corpor-
| alton shall sell or dispose of his stock with
out hrst offering the same for sale in writing
to the other stockholders through its board Of
directors. VI
Transfers of stock shall not be recognized
unless such stock is transferred on the hooks
OF the company by the owner or by his duly
authorized agent.
Article IX-Nc stock holder of this cor.
poration shall ever be held liable or respon-
sible for the contracts or faults of this COR
poration in any further sum than the tnnaid
balance due by him, if any, on the stock sinh
scribed tor by him; nor shall any mere infor-
maiity IN the organization have the effect of
rendering this charter null, or of exposing
any stakeholder, to any liability beyond the
unpaid balance, if any, due by him, for stock
subscribed for by him.
City OF New Orleans, aforesaid, the day.
month and year first above written, in the
presence OF r. Beninate and VIM " Seeber
both witnesses of lawful age and residing in
this city, who sign hereto, together with said
parties, and me, the said notary, after due
reading of the whole. Witnesses r. Beninate
VIM. V. Seeber. ROBT. E. O.CONNOR.
Not. Pub
l, the undersigned recorder of mortgages.
in and for the parish of Orleans, state OF
louisiana, do hereby certify that the above
and foregoing act Of incorporation of Westside
Transit Co., was this day duly recorded in
my Office, in book ll57. folio =
EMILE J. LEONARD, DR.
/ hereby certify the above and foregoing IN
be true and correct copy of the original act
OF Incorporation of the Westside Transit Co.
and OF the certificate of the Dep. Recorder of
Mortgages.
RoBT. E. o'CoNNoR, Not. Pub.
Mch. li-lS2s-Apr. ISIS.