The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17
CHARTER.

hereinafter named and undersigned. per-
| sonaIly came and appeared the following
| nersouS whose names are hereuhto SUI
| scribed. together with the amounts Oh
| -bpir respective subscriptions OF tne zap
it,I stock of the corporation TO De loIn'cu
| - ,,,,.ar,IIv declare that. availing them
| Gives of the provisions OF the laws vi
| .he state of Louisiana relative TO tne - W
| g,auization of corporations theH nav -,
| 1"ntad and agreed. and do by THESE prs
| U.''''" ,..,,,,nt and agree and bind them
| L. oS well aS such other persons aS
| may hereafter become aSso'lateu WIN WIN
! rhnIu or their successors 10 loln -
| .onstitutr themselves mo 'oIppi
/ md body polite in law, ana Tor 'ht y"
| irrtS and purposes ANA uhhtr a..
and ,tirulations following. town.
,uTIcIE 1.-The name and the OF Inl>
,,,nr.tiop shall Ice the "biacH aud Nhitt
! T,h company Of Louisiana. me. anu ~
. that name said corporation >hil nav -
,r and authority I" haN" ana 'hJoH au
-, for the fun term Of ninety NM
,,.,rs from the date hereof I" '"h'''' -
IA >u. aud Ice sued: 10 make "n"
. ,oruoratc seal. to purchase an" IT,, =,
/ lease. hold. sell ana convey. as r,,I
J I,ort,,1a,,, and hypotheCat". property l'"i'
/ ,..r-n,,uI and mixed tc name ana HPP"in'
T .urh officers and agents rs the ih'er'H ,n
of said corporation may require I" nm Nm,
and establish such bylaws ahd r'-uII, IN. IN,
B T,,r tho proprr mama cement aua r'SuIl''""
. ,r IT, affairs ~ may De G"cm"d necessary
and To change ana altar the same III 'h'''
/ Plea sure.
ARTICLE H. The domiril" of said cor
rnr,tiru shall be- in the city 81 Ne" vi
leans state of Louisiana. ana an '''''l ,''1
ana other LEGAL process SHAH De S'rN'"
. ,,,,,, rho ur,Sidcut Of said corporation,
and in case of his ahS"nc" upon the Ni''-
ur,,idrut. aud in case oi the ah>'h'' VI
both these Officers. upon III" S''I''"''
thereof.
ARTICLE HI.-Thc objects ana Pur-
/ moses for which this corporation l. '>-
i,hli,hrd aud the nature o. TIA" business
tn b, carried on by il are hereby d"'lir'h
10 h,. the purchase sale and hiring "i au
. touohiIcs taNicabS aud tn" operation "l
, general automobile ana taNlrah livery
Lusiu,.>S aud particularly to operate
black and whit" cabs and ta\"ahN |"
( purrha>r and sell all AUTOMOBILE" supplies
and accessories and generally l" 90 "ll
acts and To enter INTO All '"h'Ia''N 'mi'
may Ice necessary and convenient or ap
prupriate in the accomplishment OF '"'
aforesaid purposes.
ARTICLE IN.-Thr capital stock OF
this corporation shall b" ten ih"uSAH"
dollars $50 600 OOb. divided int" on" huh
,Ir.,I shares at the par value 81 on" nun
dred dollars each. payahl" when lN>u"n
in cash or other property or for services
rendered or actually performed a. decided
Nv the. board of directors, "ach Shar" "l
the rapital stock shall be entitled I" oh'
. The capital stock may h" Increased 10 IN
sum of fifty thousand dollars (N'o.Wn""l
ARTICLE N-Nu stakeholder shall he
liable or responsible" for the Indebtedness
faults or defaults of this corporation nor
shall any mere informaiiiy in the organ
cation Of the corporation. have any effect
. az rendering tn" charter null ar of cN-
pn>iuy the stockholders to any liability
heyond the unpaid balance. if any, on
his stock subscription.
ARTICLE VI should any stakeholder
desire To sell his stock, he shall llrNt OF
fer same to the stockholders OF the com.
many through it, beard of directors, ana
The stockholders who desire 10 purchase
shall have the right to purchase same
should said stockholders within seventy
Two hours after written notice has been
given. fail or refuse to purchase the stock
offered for sale. such stock may be sold
10 anyone.
/ ARTICLE NII.-This corporation shall
have all the powers granted TO such cor
porations and snail have tn" power Ia
. contract. sue and tie sued in its corpor-
ate name. and 10 own. hold. receive. loan
/ lease purchase. sell ami convey or mort
( gage any or all of its effects or TO by
pothccate its property and 10 do any ana
all acts or things of any kind, nature OF
I description. as may be necessary TO carry
/ out the objects and purposes of said bust
ness a. its interests and convenience may
require.
ARTICLE VIII.-NI the business and
/ affairs of said corporation shall be vested
in and directed by board of directors
I rompoSed Of three stockholders, majority
| of whom shall conStitd,e quorum for
the transaction of all business and the
said directors as first constituted shall b,
Joseph TOyp. Frank J.. TOye and Pau
TOyc. all of lawful age and residents al
this city and they shall hold office unit
June |, 1921 and on that dag and from
each and every day thereafter. an election
shall be held annually for directors at the
principal office Of the corporation. Fall
IRE to hold an election Oh the day speci
fled shall not dissolve the corporation
but the directors in office shall hold theil
/. respective offices until an election shall
, be held after ten days notice of the tlmi
and place thereof given to each stock
holder. The annual el-c-.on shall be hclC
. on the first Monday in Juur. 1921. there
after on the first Monday in June of eacl
succeeding year. and the directors shall
he chosen by ballot. All vacancies on tn
board of directors for whatever cause shall
$ be filled by the remaining directors
Z Joseph TOye. shall be first president
Frank F.. Toye shall he first vice-presi
t dent and Paul Toye, shall :e first Sccre
= tary and treasurer and they shall hOl
[ office until the first Monday in June. 1922
{ and each succeeding board of director
!. shall elect its principal officers for tn
d term of their election anc only stockhold
4 erS shall be eligible for election as a mem
= Der of the board of directors.
ARTICLE IN-WhenevPr this corpora
ton is dissolved, either by limitation. O
for any other cause. its affairs shall b
liquidated by the board of directors, VIII
are hereby vested with Tull power TO Sc
any and all assets of said corporation
:. either separately or in masSe, and to con
= vey full and complete title thereto. an
q shall have full power to do and perfOrT
: all acts necessary and proper. fully an
completely. to liquidate the affairs and I
distribute the proceeds. if any. among IN
! stockholders of said corporation in tn
. amount of stock held by each.
ARTICLE N.-ThiS act of Incorporate
:, may be amended, altered or modified o
! | this corporation dissolved :y a vote O
three fOurthS of the shares of the tots
amount of stock at meeting convened TO
II that purpose after ten days notice in writ
ing mailed to the address of each stock
J. holder.
Thus done and passed at my notaria
Louisiana, on the day. month and veal
:, first above written in the presence of job
= T. Sullivan and Mark X. Ncuhauser com
petent witnesses, who have hereuntO signe
= | their names together with appearers an
meg notary, after due reading of tn
= whole
Frank T.. TOye. 15iI Lc-a street. .
shares; Joseph Toye. 4314 Dumaine street
20 shares; John ID. TOye. per +. +. Toy,
I 4314 Dumaine street. 20 shares: Paul Toy,
1914 Dumaine street, 10 shares: George 4
a ST. Sho