The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-27
CHARTEP
OF THE PROGRESSIVE TRANSPORTA.
TON COMPANY, INC.

IOF THE PROGRESSIVE TRANSPORTA.
! TON COMPANY, INC.
| April eth, 1918
| | nIted States Of America. State Of Louisiana
| Parish of Orleans, City Of New Orleans
Be It known, that on this eth 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
lie 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 severally de-
clare that they have cOvenanted and agreed
and do by these presents covenant and agree
| and bind and obligate themselves. as well
as such other persons as NAV hereinafter
become associated with them. or succeeding
thereurto, 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 Do
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
domlclle whereof is fixed and declared 10 be
IN the city Of New Orleans state of Lou
isLana, and its objects and purposes being:
10 engage IN, carry on. operate and con
duct special and general "Jitney- bus and
automobile business; transfer and transpor.
tation OF baggage and freight: 70 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 prort: and maintain
and conduct the above business. in all par
tculars the same as If each thing necessary
and incidental thereto and thereunto apper-
tanning was and had been specially provided
tor and incorporated herein
The capital stock Of this corporation shall
be hNed at one hundred Thousand $500 90 cor
dollars, divided into one hundred thousand
nn,uU) shares, at the par value Of one Csl or
dollar each, provided the amour, to which
the capital stock may be increased shall be
nye hundred thousand (s5OOOOOO dollars
Inc subscriptions to the capital stock Of
this corporation shall be payable in cash or
It's equivalent "
All the powers of this corporation shall h.
vested IN a board Of directors, elected an.
nualIy on the second Moday Of April Of each
year, beginning with the year 1916 by the
sIockholders OF this corporation BY ballot tn.
BOARD OF directors shall be composed OF NOT
less than I'VE and not more than nine s,ock
holders, elected as aforesaid
Eaeh snare OF the capital stock shall b.
ennteo 10 one vote, in person or BY proxy
The stockholders at the annual meeting
shalI elect by ballot from among their nun.
per- president, yice-pTesident, secretary and
treasurer, which latter Office NAV be held nv
one and the same person. The board ~ H.
tors OF this corporation shall have the poxer
and authority to delegate to any Officer or
employee OF this corporation all of its powers
ana authority TO manage, operate and cond,,c,
the affairs of this corporation
The board of directors shall have the pou,r
and authority TO adopt a seal and TO MAKE
and establish such bylaws, rules and resu-