The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-10
CHARTER
OF THE PROGRESSIVE TRANSPORTA'
TON COMPANY, INC.

| CHARTER
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 it known, that on this 9TH day OF th'
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 ninth
before me, Rolla A. Tichenor, 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 covenant and agree
and bind and obligate themselves, as wei
as such other persons as may hereinafter
become associated with them, or succeeding
thereunto to form and organize themselve:
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. 81
of the acts of 1914, of the General Assembly
ninety mine 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
isiana, and its objects and purposes being
To engage in, carry on, operate and con-
duct special and general 'JItney-- 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 and had been specially provided
for and incorporated herein.
Gal of -.
be fixed at one hundred thousand $4,000 OOO)
dollars, divided into one hundred thousand
100000 shares, at the par value of one (Sl00)
dollar each, provided the amount to which
the capital stock may be increased shall be
five hundred thousand (s5OO, OO0OO dollars.
The subscriptions TO the capital stock of
this corporation shall be payable in cash or
its equivalent.
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
stockholders of this corporation by ballot. The
board of directors shall be composed of not
less than five and not more than nine stock.
holders, elected as aforesaid.
Each 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
one and the same person. The board of direc-
power
and authority to delegate to any officer or
employee OF this corporation all of its powers
and authority to manage, operate and conduct
the affairs of this corporation.
The board of directors shall have the power
and authority to adopt a seal and to make
and establish such bylaws, rules and regu-
lations for the operation, management and
conduct of the affairs of the corporation, the
same to alter or change at pleasure, and to
do any and all acts and things necessary and
proper to carry out the objects and purposes
OF this corporation the same as II each thing
was and had been specially provided for and
incorporated herein
The first board of directors of this corpor-
alton shall be: Thomas Wickham, R. L. Car.
ter, ID: W. Dooley, A Paul, C. d. Geddes.
J. M Young, E. Hollenbeck, Murray McRob-
inson, N. kellar; The first officers of this
Ident, 1921 Seventh ST., New Orleans, La. ::
]; NJ. Young, vice-president, 36Is Saratoga St
New Orleans, La. X. L. Carter, secretary,
Izol POydras St, New Orleans La; R. [.
leans. La. Edgar Hollenbeck, Chairman of
the board of directors, 5ZZ Olivier St (Al-
gisIs), New Orleans, La.
The board of directors and officers, herein
above named, shall serve until the second
Monday Of April, 1916, or until their success
soIs are elected and qualified
The stockholders of this corporation shall
not be held liable for the contracts or faults
OF this corporation in any further sum than
the unpaid balance due for subscriptions N
the capital stock.
All citations shall be served on the presi
dent, or IN his absence, on the vice-president
or secretary or treasurer.
1t shall be lawful for the Stockholders ~
tnls corporation to create voting trust in
favor OF any person or persons selected by
thein, 10 tne end that the person or persons
- seIected snail become irrevocably man.
ale agent and proxy for said stockholders
Ior any term of not more than FIVE wears:
which SAID mandate shall be in writing and
specihcally define the powers of said trustee
powers Hereunder anu
AT the termination of this charter. nv linn
ltati9n or otherwise, its affairs shall be lioui.
dated according to the provisions of act 267
81 the acts OF 1914, and the general laws Of
by the stockholders in accordance with tbe
provisions of said act
nus done and passed, at nv Office in the
T To,yy OF New Orleans, on the 9TH day of April,
Ansley and William L. Ger. comnetent vii.
nesses who have signed these presents To-
sether with said appearers and me, notary.
ai Sr que readlng Of the whole.
MI n go lhoS. Wiekham. 1921 Seventh ST,
,sgS orleans, La, 100 shares; J. NJ Young
11S Saratoga ST, New Orleans, La. 100
shares; Robert L. Carter. 1901 PovdTas Ct
ISIS fy ri RnmD, La 100 shares; D. W. Dooey
shares Geo P Dr. G st Ne Ss2f oledRs La 100
New Orleans, La, 100 shares: Maron T.
ne l4l6 ,Gasquet St, New Orleans. La.
loo snares; Murray McRobinson, $50 s Du,
pre- 81, 100 shares; c. Hollenbeci, 322 Olivier
,d;< tAlgiers), 5000 shares; Alexander paul
'Si6 Laurel ST., 100 shares,
witnesses: Hubert M. Ansley, w. L. Poer
X. A. TICHENOR, Notary Public,
- tne undersigned recoraer or mortgages
- ana Tor the parish of Orleans, state OF
10y. oI9isifana, do hereby certify that the above
nnu foregoing act of Incorporation of the
Transportation Company, incoT.
porated; was this day recorded in The mort.
S 1,9g once of the parish of Orleans in book
New Orleans, May 10. 1915
(Signe0 EMILE J. LEONARD.
Deputy Recorder of Mortgage,
l. the undersigned notary public, in and
. or the parish of Orleans, do hereby certify
naI the above and foregoing is a true and
'torreet copy of the original act OF ,ncornora.
ION OF the Progressive Transportation Com.
any, Incorporated, and of the certificate Of
p ng recorder of mortgages for the parish Of
n my Office anu VI feeo'u
az IN iaith whereof have hereunto set nv
1 1rI hand and seal, al me city of New
'rieans' on this 10th day of May. iel5
r A. TICHENOR, Notary Public.