The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-18
CHARTER
OF WEST SIDE TRANSIT COMPANY

in the year one thousand nine hundred and
fifteen, before me, Robert Z. O'Connor, a no.
tary public, duly commissioned and qualified,
in and for the Parish of Orleans, State of
Louisiana, and in the presence Of the wit
| nesseS hereinafter named and undersigned
personally came and appeared: The several
persons whose names are hereunto subscribed
who each severally declare, that availing
themselves of the provisions of the laws of
the State OF louisiana, relative to the organi-
| cation OF corporations, they have covenanted,
agreed, and do by these presents mutually
covenant and agree and bind themselves, to
/ and with each other, well such other
persons who may hereafter become associated
with them, TO form and constitute a corpora
| ton and body polite in law, for the objects
and purposes, and under the agreements and
| stipulations, following, viz
| Article 1.-The name and title of this
poration shall be West Side Transit Company,
and under its said corporate name shall have
power and authority to have and enjoy
cession, for the full term of ninety nine (oo)
years, from and after the date hereof; to
contract, sue and be sued; to make and use a
corporate seal, and the same TO break or alter
at pleasure; to hold, receive, lease, purchase
and convey, well as to mortgage and hypo-
thecate property, real, personal and mixed,
corporeal and incorporeal; to name and APP
point such officers, managers, agents and di-
rectOrs as its business interest and conven-
fence may require; and to make and estab-
i liSh, as well as alter and amend, from time to
time, such bylaws, rules and regulations, for
| the proper government OF the affairs of the
| corporation. as may be necessary and proper
Article 1.-THE dOmcie OF this corporation
shall be in the City of New Orleans, Parish
| OF Orleans, State of Louisiana, and all cita-
| tions or other legal process shall be served
! on the president OF said corporation, OF, in the
event of his absence on the vice-president.
Article llI-1he objects and purposes of this
corporation are declared TO be to operate
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; 10 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
S5,0O0O0D dollars represented by one hundred
shares of the par value of fifty $4,000 dollars,
each. which may be issued for cash or proper
ty. 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 a board of directors composed of five (5)
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 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. \ failure to elect directors at
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.
1mmedi ately upon being elected the direc-
tors shall elect from among their own number
president, vice-president and a secretary
and a treasurer.
The said board shall also have full power
and authority to borrow money through the
president or some other duly authorized
agent agents to execute mortgages and is
notes, bonds 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 rights actually received by
the said corporation, as hereinbefore set forth
Vacancies in the board Of directors shall
be filled by 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 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 a committee OF three stockhold-
ers appointed at a 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 VIII-No stakeholder of this corpor-
alton shall sell or dispose of his stock with
out first offering the same for sale in writing
to the other stockholders through its board of
directors.
Transfers of stock shall not be recognized
unless such stock is transferred on the books
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 respon-
sible for the contracts or faults of this cor
poration in any further sum than the unpaid
balance due by him, if any, on the stock sub
scrbed for by him; nor shall any mere infor-
maity in the organization have the effect OF
rendering this charter null, or of exposing
any stockholder to any liability beyond the
unpaid balance, If any, due by him, for stock
subscribed for by him.
Thus done and passed in my Office in the
City of New Orleans, aforesaid, the day,
month and year first above written, in the
presence of +. 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 F. Beninate,
VIM. V. Seeber. ROBT. E. o.CONNOR,,
/, the undersigned recorder of mortgages,