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

| CpiVe, lease, hold, sell and convey, as wen
aS mortgage and hypothcCatc, property,
real. personal and mixed; to name ana
appoint such officers anC agents as I'll"
interests of said corporation may require:
( to make and establish such bylaws ana
regulations for the proper management
aud regulation Of its affairs a. may ne
deemed necessary and To- c-iInEe ana alter
/ the same at their pleasure.
! ARTICLE I.-The domiriIe OF said cor
/ pOration shall be- in the C.iy of New or
/ leans. state of Louisiana, and all CitationN
| and other legal process shall be served
/ upon the president of said corporation ana
+ in case OF his absence upon the wee pres
/ idpnt. aud in cas-" of the absence OF buth
/ Of th"s" Officers. upon the secretary there
b OF.
ARTICLE The OBJECTS and pur-
poses for which this corporation II "S-
tabliShrd. and the nature of the business
To be carried on by il are hereby declared
/ to Ice the purchase. sale, and hiring "t
/ automobiles. raNicabs anc the operation
uf Il general AUTOMOBILE" and taNicab ana
/ cab livery business and particularly To
: "prrat" yellow cabs; Ia purchase and sell
/ all automobile supplies and accessories
and generally TO do all acts and TO enter
into all contracts that may he necessary
aud convenient or apprupriat" i'll IN" aC-
cOmpli>hmcnt of the aforesaid purposes.
/ ARTICLE IV.-The Capr;aI stock Of this
/ corporation shall bc ten Thousand dollars
u
shares at the par valu" Of one hundred
dollars each. payable when issued in cash
ar other property or for services rendered
or actually performed a. decided by III"
B board of directors. "aca snare of the cap
/ ital stock shall he entitled 10 one vote AT
/ all meetings of the Stockholders. Tn"
/ capital stock may be increased TO tn"
/ sum of fifty thousand dollars ($JO,0OoVO.
| ARTICLE N.--NO stakeholder shall be-
| liable or responsible for the indebtedness
. l.sfslr rrttaTs Al mr.
/ shall any mere informally in the Organi-
zitiOn 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 VI.-ShOuld any StOckh"ld"r
| desire to sell his stock. ne shall first of
/ fer same to the stockholders of the com
| pauy through it, board of directors, and
/ 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
I given. fail refuse To- purchase the stock
offered for sale. such stock may be sold
/ TO anyone.
/ No transfer of stock shall he made or
held to be valid and binding unless made
on the books of the company, and unless
made in pursuance to the provisions of
! this charter.
ARTICLE NII.-This corporation shall
have all the powers granted TO such cor
! poratiOnS. and shall have the power to
contract. sue and be sued in its corporate
/ name, and to own. hOfd. receive. loan.
/ lease. purchase sell anG convey or mort
gage any or all of its effects or TO hypOthe-
cate its property and to do any and all
| acts or things of any kind. nature or de
scriptiOH may be necessary 10 carry out
] the objects and purposes of said business
! a. it, interests and convenience may re-
Quire
/ ARTICLE NIII.-All the business and
affairs of said corporation shall be vested
| in and directed by board of directors
/ composed of three stockholders a ma jOrity
of whom shall constitute quorum for
| the transaction of all business and the
said directors as first constituted shall be
| Frank T.. ToNe, George A TOye and JOS
eph TOyr. all IF lawfui age and residents
Of this city and they shall hold office
until June l. 1921 and on that day and
/ from each and every day thereafter. an
| election shall be held annually for direc-
I tors ut the principal office OF the corpora
ton. Failure To hold an election on the
/ day specified shall not dissolve the cor
I pOratiOn but the directors in office shall
/ hold their respective offices until an elcc
/ ton shall he held after zen DAYS notice
of the time and place thereof given to
/ each stakeholder. The annual election
/ shall he held on the first Monday in May
1921. thereafter on the first Monday in
| June of each succeeding year. and the di-
rrctorS shall be chosen by ballot. All va
"ancirS on the board of directors for what
ever canse shall be filled by the remain
| ing directors. Frank +. TOye shall be the
/ first president; Joseph TOye shall be the
/ first vice-prcSident and George \. TOye
/ shall be the first secretary and treasurer
and they shall hold office until the first
i 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 a member of the board of di-
rcctOrs.
| ARTICLE IX.-When-vrr this CORPORA
/ ton il dissolved. either by limitation. or
I for any cause, its affairs shall be Hqui-
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 and perform all acts
| necessary and proper. fully and complete
| ly TO hquidate 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 incorporation
may be amended, ALTERED: or modified or
this corporation dissolved by a vote OF
! threefourthS Of the shares of the total
| amount of stock at n meeting convened for
! that purpose after ten days notice in
writing mailed to the address of each
stakeholder.
Il
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 II. Newhauser.
competent witnesses. who hereuntO signed
their names with appearers and me, no
tary, after due reading or the whole.
(Signed): Mrs. j. F. TOye. 43l4 Dumaine
! street, IL shares: Frank Il. TOye, 1J44 Leda
street, 20 shares; Joseph TOye. per F. f..
Toye. 43l4 Dumaine St., Is shares; John
! ID. Toye. i3l4 Dumaine street, l6 shares {:
George \. Toye. 4314 Dumaine street, IL
shares; James Toye. 1914 Dumaine street.
Ii shares
| Witnesses
John T. Sullivan
| ". X. Newhauser.
JOHN Z. 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 12i2 folio
| New Orleans, May II, 1920.
(Signed) EMILE J. LEONARD. ID. r.
| May 20-June "a.
AMENDMENT TO CHARTER OF MOTOR
& FIRE INSURANCE AGENCY,
INCORPORATED.
-