The herald., 1920-12-02

~ M In vi VI T.
TOURS. INC.
United States of America. State Of Lou
iSIaua. Parish OF Orleans. City OF New
Orleans. BE 1t known. That On this 18TH
day OF the month OF October. 1920 and
OF the Independence OF the United States
OF America. the one hundred and forty
fourth. before me. John L. sullivan. Il no
tary public. duly commissioned and quail
ned, in and Tor the city of New Orleans.
Parish Of Orleans, State Of Louisiana.
therein ru>ilIuE and in the presence of the
witnesses hereinafter named and under
signed. personally came and appeared the
following persons, whose names are here
unto subscribed. together with the amounts
Of their respective subscriptions of thu
capital stock of the corporation to be
formed who severally declare that. ayailing
them selves OF the provisions of the laws
Of the State Of Louisiana, relative TO the
organization of corporations. they have
CuNenanted and agreed. and do 10y these
presents, covenant and agree and bind
themselves, well as such other persons
As many hereafter become associated with
them. for their successors, to form and
constitute themselves into a corporation
and body polite in law, and for the OBJ
Jccts and purposes and under agreements
and SupulattOns following, tO-wit.
ARTICLE 1.-The name and title OF this
corporation shall be Higgins TOye Tours
Incorporated. and by that name said cor
poration shall have power and authority
10 have and enjoy succession Tor the full
term of ninety nine years from the date
hereof to contract, 10 sue and be sued ,
TO make and use a corporate seal; to pur-
chase and receive. lease. hold, sell and
convey, as well as mortgage and hypo-
thecate, property, real, personal and mix
ed; to name and appoint such officers and
agents as the interests Of said corpora
ton may require; TO make and establish
such bylaws and regulations for the prop
or management and regulation of its af-
fairs as may be deemed necessary and TO
change and alter the same at their pleas
ure.
ARTICLE 1.-THE domicile Of said cor
pOration shall be in the City of New Or
leans, State of Louisiana, and all citations
and other legal process shall be served
upon the President of said corporation,
ana IN case of his absence upon the Vice
President and in case OF the absence Of
both of these officers, upon the Secretary
thereof.
ARTICLE III-The objects and pur-
poses Tor which this corporation is eS-
tablished, and the nature of the business
10 be carried on by II are declared to be .
The purchase. ownership, sale, hiring and
leasing of automobiles, sight seeing cars.
and the operation of sight seeing cars and
touring cars throughout the City of New
Orleans, and the conduct of a general auto
mobile transportation business: and to
purchase, own. sell and lease all autOmO-
bile supplies and accessories and generally
TO enter into all contracts and TO do all
acts and things that may be necessary
and convenient and appropriate in the aC-
cOmplishment of the aforesaid purposes.
ARTICLE IV.-The capital stock OF this
corporation shall be fifty thousand dol
lars $3.50 OO0O0D divided into five hundred
shares at the par value of one hundred
dollars each. payable when issued in cash
or other property or for services rendered
or actually performed as decided by the
Board of Directors; each share of the CAPT
tai stock shall be entitled to one vote
at all meetings OF the stockholders. The
capital stock may be increased to the sum
of one hundred thousand dollars (SlOO,-
100000.
ARTICLE V.-No stakeholder shall be
liable or responsible for the Indebtedness,
faults or defaults of this corporation. nor
shall any mere informally in the organlZa-
ton of the corporation have any elect
OF rendering the charter null or OF eN
posing the stockholders to any liability
beyond the unpaid balance, if any, on his
stock subscription.
ARTICLE VI-ShOuld any stakeholder
desire to sell his stock, he shall first oier
same to the stockholders of the company
through its Board of Directors. and the
stoc kholders who desire to purchase. shal
have the right to purchase same. should
said stockholders within SeVenty-tWO hours
after written notice has been given. ram
or refuse to purchase the stock offered for
sale. such stock may be sold to anyone
ARTICLE vII-This corporation shall
have all the powers granted TO such cor
porations, and shall have the power to
L,
name and to own, hold, receive, loan.
lease purchase. sell and convey or mort
gage any or all of its effects or to hypo-
thecate its property and to do any ana =
act sor things Of any kind, nature or de-
scription. as may be necessary to carry out
the objects and purposes of said business
as it's interests and convenience may re-
quire.
affairs Of said corporation shall be vested
in and directed by a Board of Directors
composed of three stockholders, ma
jority of whom shall constitute quorum
for the transaction of all business and the
said Directors as first constituted shall be
Frank L. Toye, Joseph Gross and l.. G.
Higgins, all of lawful age and residents
Of this city and they shall hold othce un-
til January -. 1922. and on that day and
from each and every day thereafter, an
election shall be held annually for di-
rectors at the principal office of the cor
poration. Failure to hold an election on
the day specified shall not dissolve the cor
poratiOn. but the Directors In office shall
hold their respective offices until an cleo
ton shall be held after ten days notice
of the time and place thereof given to each
stockholder. The annual election shall be
held on the first Monday in January, 1922,
thereafter o nthe first Monday in January
OF each succeeding year. and the Directors
shall be chosen by ballot. All vacancies
on the Board OF Directors for whatever
cause shall be filed by the remaining Di-
rectors. Frank Toye, shall be first Presi-
dent: Joseph cross, snail De nrst VICE
President and l.. G. Higgins shall be first
Secretary and Treasurer and they shall
hold office until the first Monday in jan
uary, 1922 and each succeeding Board of
Directors shall elect its principal officers
for the term of their election and only
stockholders shall be eligible for election
as a member OF the Board of Directors.
ARTICLE IX.-Whenever this corpora
ton is dissolved, either by limitation or
for any other cause, its AFFAIRS shall be
liquidated by the Board OF Directors. who
are hereby vested with full power to sell
any and all assets of said corporation,
either separately or in masse, and to con-
yey full and complete title thereto and
shall have full power 10 do and perform
all acts necessary and proper. fully and
completely, to liquidate the affairs and TO
distribute the proceeds, If any, among the
stockholders of said corporation In the
amount of stock held by each.
ARTICLE X.-This act Of incorporation
may be amended, altered or modified or
this corporation dissolved by vote o.
three fourths of the shares Of the total
amount of stock at a meeting convened for
that purpose after ten days notice in
writing mailed to the address OF each
stakeholder.
Thus done and passed at my notarial
Office in the City Of New Orleans. State
of Louisiana, on the day, month and year
first above written in the presence of Earl
J. Sullivan and Wyles F. Byrns, compe-
tent witnesses, who have hereunto signed
their names together with appearers and
me. Notary, after due reading Of the