The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-20
CHARTER.

and by that name said corporation shah
have power and authority to have and On
! JOY succession for the full term of ninety
nine years from the date hereof: to con
| tract; To sue and be Suci: 20 make and
Use corporate seal: to purchase and re-
ceivr. lease. hold. sell and convey. as Well
a. mOrtgag" and hypothecate. property.
| real. personal and mixed: to name and
! appoint such Officers aHc agents as the
! interests of said corporation may require ,
| 10 make aud establish such by laws and
/ regulations for the proper management
and regulation OF its affairs aS may be
deemed necessary and {" C-taugr aud alter
| the sam" At their pleasure.
| ARTICLE II-Th. domirIIe of said cor
porati"n shall hr in the cay of New Or
! leans. state Of Louisiana, and all citations
and other legal process shall be served
/ upon the president of said corporation and
! in cas-" of his absence upon the vice pres
| ideHt. and in cas-" of the absence of both
of thcS" Officers. upon tnc secretary there
| 0f.
! ARTICLE III.-Thr OBJECTS and pur-
! poses for which this corporation i cs-
| tabli>hed. aud tn" nature of the business
| L" be carried on 10y it are hereby declared
! to he the purchase, sale. and hiring of
! automobiles. taNicabS. an- the operation
/ al Il general automobile and taNirab and
cab livery business aud particularly to
operate yellow cabs: To purchase and sell
! all autOmobil" supplies aud accessories
! into all contracts that may Ice necessary
aud convenient or appropriate i'm the ar-
"ompli>hmcnt of the aforesaid purposes.
| ARTICLE IN.-Thc cai,-;aI stock of this
! "OrporHtiOn shall br ten thousand dollars
| (SlO.W0.O0l. divided into one hundred
shares at the par valu" of one hundred
dollars each. payab" when issued ia cash
ar other property or for services rendered
or actually performed ~ decided by IN.
| board of directors: "aCh >:,ar" of tn" cap
itHl stock shall be- entitled to one vote AT
| all meetings Of the stockholders. The
capital stock may be increased to the
sum of fifty thousand dollars txJ0.OOO.OOi.
ARTICLE N.-Nu >tOckhodrr shall be-
liable or responsible for the indebtedness.
faults. or defaults of THIS corporation. nor
shall any mere informally in the organi-
Zatlon OF the corporation have any effect
of rendering the charter null or of cN-
posing the stockholders TO any liability
beyond the unpaid balance. if any. on his
stock subscription.
ARTICLE NI.-ShOuld any StockhoIdrr
desire to sell his stock. he shall first of
fer same to the stockholders of the com
pany through its board of directors and
tn" stockholders who desire to purchase.
shall have the right 10 purchase same.
Should said stockholders within seventy
two hours after written notice has been
given. fail or refuse tn purchase the stock
offered for sale. such stock may be sold
to anyone.
No transfer of stock shall hr made or
held To be- valid and binding unless made
on the books of the company, and unless
made III pursuance TO the provisions al
this charter.
ARTICLE NII.--Thi> corporation shall
have all the powers granted to such cor.
poratiOnS aud shall have the power 10
contract sue and be sued in its corporate
name, aud to own. hO;d. receive. loan.
| lease purchase. sell ana convey or mort
| gage any or all of its effects or 10 hypOthe-
cate its property and to do any and all
acts or things of any kind. nature or de
! >criptiOn as may be necessary to carry out
the objects and purposes of said business
a. its interests and convenience may re-
quire.
| ARTICLE NIII.-All the business and
affairs of said corporation shall be- vested
! in and directed by Il board of directors
composed of three stockholders Il majority
OF whom shall constitute a quorum for
| the transaction of all business and the
said directors as first constituted shall be
Frank +. TOye. George \. TOye and JOS
eph TOyr. all of lawfui age and residents
of this city and they shall hold office
until June !. 1921 and on that day and
from each and every day thereafter. an
election shall be held annually for direc-
tors at the principal office of the corpora
ton. 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
tion shall he held after zen days notice
OF the time and place thereof given to
each stakeholder. The annual election
shall be held on the first Monday in May
lH2l thereafter the TTrst Monday in
June of each succeeding year. and the di-
rectnrS shall be chosen by ballot. All va
cancies on the board of directors for what
ever cause shall be filled by the remain
ing directors. Frank +. IOye shall be the
first president; Joseph Toye shall be the
first vice president and George A. TOye
shall he the first secretary and treasurer
and they shall hold office until the first
Monday in June. 1921. and each succeeding
board OF directors shall elect its princi-
pal officers for the term of their election
and only stockholders shall be eligible for
election as member of the board of di-
rectOrs.
ARTICLE IN.-Wheuc yer this corpora-
ton is dissolved. either by limitation. or
for any cause its affairs shall be liqui-
dated 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 convey full
and complete title thereto. and shall have
full power to do aud perform all acts
necessary and proper, fully and complete
~ to liquidate the affairs and to distri-
butte the proceeds. if any. among the stock
holders of said corporation in the amount
of stock held by each.
ARTICLE X.-ThiS act Of incarceration
may be amended. altered: or modified or
this corporation dissolved by vote of
threefourths of the shares of the total
amount of stock at meeting convened for
that purpose after ten DAYS notice in
writing mailed to the address of each
StOckholdcr
Thus done and passed ut 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
John I. Sullivan and Mark X. Newhauser
competent witnesses. who hprpunto signed
their names with appearerS and me- no.
tary. after due reading OF Tie whole
(Signed) Mrs. J. T. Toye. 1914 Dumaine
street, III shares; Frank f.. Toye 1914 Leda
street, 20 shares; Joseph TOye, per +. T..
TOye. 1914 Dumaine St, Is shares: John
ID. TOye, 1914 Dumaine street IL shares
George \. TOye. 1914 Dumaine street III
shares: James Toye, 1914 Dumaine street,
IL shares.
Witnesses.
John Il. sullivan.
N. Il. Newhauser
JOHN +. SULLIVAN.
Notary Public.
l, the undersigned Recorder OF Mort
cages, in and for the parish of Orleans,
state of Louisiana, do hereby certify that
the above and foregoing act of incorpora-
ton of the Yellow Cab COMPANY of New
Orleans. Incorporated, was this day duly
recorded in my office in book 1870 folio
New Orleans. May IL. 1920
tSigned): EMILE J. LEONARD, u. II.
May aO-June "a.