The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-11
CHARTER
OF WEST SIDE TRANSIT COMPANY


Be il known, That on this 9th day OF March,
in the year thousand nine hundred and
fifteen, before me, Robert +. OConnor, no
tary public, duly commissioned and qualihed,
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, as well as such other
persons who may hereafter become associated
with them, to form and constitute 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 cor
poration shall be West Side Transit Company,
and under its said corporate name shall have
power and authority to have and ENJOY sue
cession, for the full term OF ninety nine (S9)
wears, from and after the date hereof; TO
contract, sue and be sued; to make and use
corporate seal, and the same TO break or alter
al pleasure; to hold, receive, lease, purchase
and convey, well as 10 mortgage and hypo-
thecate property, real, personal and mixed
corporeal and ncorporeal; 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-
lish, as well as alter and amend, from time to
the proper government of the affairs OF the
corporation, as may be necessary and proper.
Article 1.-THE domcile of this corporation
shall be in the City of New Orleans, PARISH
of Orleans State OF Louisiana, and all cita.
tons or other legal process shall be served
on the president of said corporation, or, IN the
event of his absence on the vice-president.,
Article III-The objects and purposes OF this
corporation are declared to be to operate a
| general transfer and transit business with au-
| 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 1--WE thousand
| (S5OO1OO dollars represented by one hundred
shares of the par value of fifty (SS0Oo) dollars,
each, which may be issued for cash or proper
fty This company shall begin business as
soon as 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 hve ~
| 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 a 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 VIII
| continue to act until their successors are
! elected and qualified. Notice of the time Of
holding any and all meetings shall be giveT
| by the secretary to each stoekholder, sucf
| notice to be sent by mail, five days before
1 cb nd directed n stakeholder
| at his last known address. .
| Immediately upon being elected the direc
| tors shall elect from among their own numbe
| president, yice-presidert and a secretary
| and treasurer.
| The said board shall also have full powe
and authority TO borrow money through TIT
| president some other duly authorized
agent or agents to execute mortgages and IS
| sue notes bonds or other obligations, ant
| generally to do all the things necessary TO
the proper carrying on OF the business OF tn
said corporation; as also to issue and delive
full paid shares of stock and bonds and othe
obligations of the said corporation in paymen
of the money borrowed or money, labor, ser
vices, property or rights actually received D.
the said corporation, as hereinbetore set fortn
| Vacancies in the board of directors shall
be filled by the remaining members OF tn
board
Until the next meeting to be held undo
this charter, or until their duly tauahlife
of directors shall be composed OF Docto
Charles V. Kraft who shall De president
Philip Toto, who shall be vice-presioer
Philip Cafiero, who shall be secretary an
c. E. Lee Dunn, who shall be treasurer an
John Kleinkemper.
Article VI-The capital stock may be in
creased or diminished upon complying wit
! formalities imposed by law.
Article VII-Whenever this corporatio
shall be dissolved, either by Limitation Q
from any other cause, its affairs shall b
. liquidated by committee OF three stockhoid
ers appointed at general meeting OF IN
, | stockholders convened for mat purpose, an
said committee shall have full power to pei
, form all acts necessary for the purpose {
, Article VIII-No stakeholder of this corpo,
1 alton shall sell or dispose of his stock witt
out first offering the same for sale IN wrltin
, | to the other stockholders through its board {
directors.
il Transfers of stock shall not be recognize
| unless such stock is transferred on the book
of the company by the owner or by his dull
| authorized agent
e poration shall ever be held liable or respoi
r sible for the contracts or faults OF this co
: | poration in any further sum than the unpal
balance due by him, If any, on the stock SUI
y scribed for by him; nor shall any mere INTO
( mality in the organization have the effect
= rendering this charter null, or OF exposlI
n any stakeholder, to any liability beyond Il
n unpaid balance, if any, due by him, for stoC
s subscribed for by him. =,
i Thus done and passed in my office IN Il
l. CITY of New Orleans, aforesaid, the da
S month and year first above written, IN Il
$ presence of +. Beninate and VIM. V. Seebe
Il both witnesses of lawful age and residing
Il this city, who sign hereto; together with sa
O Darties. and me. the said notary, alter dl
n leading of the whole. Witnesses F. Benlnat
Il VIM. V. Seeber. ROBT. Z. O.CONNOR,,
!. I, the undersigned recorder of mortgage