The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
CHARTER.

| SonpIIy came and appeared the following
1 persons. whose names are hercuntO SUD
| scribed. together with the amounts OF
their respective subscriptions OF the cap.
tal stock of the corporation to be formed
who >pvrraily declare that, awaiting them
| selves of the provisions or the laws or
the state Of Louisiana relative To the or
| ganiZltiOn of corporations, they have cove
| nantrd and agreed. and do by these pres
rnts covenant and agree and bind them
selves. well a. such other persons as
may hereafter become associated with
| them. or their successors, to form ana
constitute themselves INFO Il corporation
and body polite in law, ana for the oh
jrcts and purposes and under agreements
and >tipulatiOnS following, to-wit:
ARTICLE l. The name aud it'll" of this
Icurporatiun shall he the black and Whit"
Cab Company of Louisiana. Inc" and by
that name said corporation shall have pow
or aud authority 10 haN" aud enjoy sue
cr>>iOu for TIA" full term of ninety MN"
years from the dat" hereof. 10 contract
10 sue aud Ice sued: To max" and Us"
corporate seal. to purchase aud receive,
lease hold. sell and convey. a well -
mortgage and hNpOtheCat". property, real,
personal aud mixed t0 name aud appoint
such Officers and agents as I'll" interests
Of said corporation may require. 10 max"
aud establish such lay laws and regulations
for the proper management and regulation
of IL affairs ~ may Ice ,i""m"d necessary
aud Ia change aud altar the same at their
pleasure.
ARTICLE II-Thr domtlr Of said cor
poratun shall be in the city nf New Or
leans. state of Louisiana. and all citations
and other legal process shall he served
upon the president of said corporation.
and in case Of his absence upOn the vice
president. and in ease of tn" abSen"e OF
both these Officers. upon the secretary
. thereof.
ARTICLE III.-Thr objects and pur-
poses for which this corporation i ">-
tabli>hrd. and the nature OF the business
10 be carried GU by il are hereby declared
10 lee the purchase. sale and hiring of au-
tonohilrs taNicahS. and the operation Of
Z general automobile ana taNicab livery
business and particularly to operate
black and white cabs and taNicabS: tn
purchase and sell all AUTOMOBILE" supplies
and accessories and generally to do all
acts aud to enter into all contracts that
may he necessary aud convenient or APP
propriate in the accomplishment of the
aforesaid purposes.
ARTICLE IN.-Thr capital stock of
this corporation shall be ten thousand
dollars CSl0,Oo0.OOl, divided into one hun
dred shares at the par value Of one hun
drcd dollars each. payable when issued
in cash or other property or for services
rendered or actually performed As decided
10y the board of directors; each share of
the capital stock shall be entitled to one
vote at all meetings of the stockholders
Tn" capital stock may bc increased To th"
sum of fifty thousand dollars tSjO,W0O0.
ARTICLE V.-No stakeholder shall lee
liable or responsible for the indebtedness,
faults. or defaults OF thus corporation nor
shall any mere informally i'll the organi-
Zation of the corporation have any effect
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 NI.-ShOuld any stakeholder
desire to sell his stock. he shall first of
fer same to the stockholders of the com.
pany through its board Of directors. and
the stockholders who desire to 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
to anyone.
ARTICLE NII-This corporation shall
have all the powers granted to such cor
pOrations. aud shall have the power 10
contract. sue and be sued in its corpor-
ate name, and TO own, hold, receive, loan,
lease. purchase. sell AMI convey or mort
gage any or all of its effects or to by
Pothrcate its property and TO do any and
all acts or things Of any kind, nature or
description. as may be necessary to carry
ont the objects and purposes of said bust
ness aS its interests and convenience may
I require.
ARTICLE VIII.-Au the business and
/ affairs of said corporation shall be vested
in and directed 10y board of directors
composed of three stock OldcrS. Il ma Ority
of whom shall constitute n quorum for
the transaction of all business and the
| said directors aS first constituted shall be
Joseph TOye. Frank f. TOye and Paul
TOyr. all of lawful age ana residents of
this city aud they shall hold office until
June L. 1921 and on that day and from
each and every day thereafter. an election
shall he held annually for directors at the
principal office of the corporation Fail
ure to hold an election or the day speci-
fled shall not dissolve the corporation,
but the directors i'll office shall hold their
! respective offices until AN election shall
he held after ten days notice of the time
and place thereof given to each stock
holder. The annual erc,:on shall be held
I on the first Monday in June. 1921. there
after on the first Monday in June of each
succeeding year. and the directors shall
he chosen by ballot. All vacancies on the
board of directors for whatever cause shall
Ice filled by the remaining directors.
Joseph Toye. shall be first president;
Frank +. TOye. shall be first ice-preSi-
dent and Paul Toye. SHAH :e first Secre
tary and treasurer and they shall hold
office until the first Monday in June, 1921.
and each succeeding board of directors
shall elect its principal Officers for the
term of their election anc only stockhold-
erS shall be eligible for election as mem
her of the board of directors.
ARTICLE IN.-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 ruil power to sell
any and all assets of said corporation.
either separately or in masse, and to con-
vey full and complete title thereto, and
shall have full power to do and perform
all acts necessary and proper. fully aud
completely, to lquidate the affairs and to
distribute the proceeds, If any. among the
stockholders of said corporation in the
amount of stock held by each.
ARTICLE N.-This act of Incorporation
may be amended. altered or modified or
this corporation dissolved Iy q vote of
three-fourthS of the shares of the total
amount of stock at meeting convened for
that purpose after ten days notice in writ
ing mailed to the address of each stock
holder.
III 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 John
+. Sullivan and Mark X. Neuhauser com
petent witnesses who have hereuntO signed
their names together with appearers and
me- notary, after due reading Of the
| whole.
Frank f.. Toye, I5I4 LeGa street. %
shares; Joseph TOye. 4314 Dumaine street,
20 shares: John ID. TOye. per F. Il. TOye.
43l4 Dumaine street, 20 shares: Paul Toye.
i314 Dumaine street, 10 shares: George A.
Toye, 43l4 Dumaine street, 20 shares.
| Witnesses:
John T. Sullivan
NJ II. Newhauser.
David Srssler.
JOHN p. SULLIVAN.