The herald., 1920-06-24
CHARTER.

Z
| scribed together with the amounts OF
| their respective subscriptions OF the cap
| ital stock of the corporation 10 De loImeu
| who seyeraily declare that, awaiting them-
| selves OF the provisions OF the laws vi
| The state OF Louisiana relative 10 the OF
| yauization of corporations, they nave cove
| nanted and agreed, and do by these pres
ents covenant and agree anu Dlhd them
| selves, as well as such other persons as
may hereafter become associated WIN
| them or their successors, To form anu
! constitute themselves into "A corporation
ana body polite in law, and for the OBJ
| jects and purposes and under agreements
and stipulatiOns following, tO-wlt:
ARTICLE 1.-The name and title OF inns
corporation shall be the Black and White
! Cab Company of Louisiana, Inc, ana pS
/ that name said corporation shall nave pow
! er and authority to have and ENJOY sue
! crSsiou for the full term of ninety nine
| years from the date hereof; 10 contract
, 10 sue and be sued; TO make ana use
| corporate seal; TO purchase ana receive
| Ieysr hold sell and convey. as wei as
! mortgage and hypothecate, property, real
/ personal and mixed to name ana appoint
/ such officers and agents aS the lulertSlS
/ of said corporation may require 10 MAKE
and establish such bylaws and regulations
! for the proper management ana regulation
[ of its affairs as may be Geemcd necessary
aud 10 change and altar the same AT thelr
/ pleasure.
pOrarion shall bc in the city Of New Or
leans state of Louisiana, and all citations
| aud other legal process shall be SerNtu
mon the president of said corporation
! and in case of his absence upon the vice
/ president, and in case Of the absence OF
! roth these Officers, upon the secretary
thereof.
! ARTICLE HI.-The objects and pur-
poses for which this corporation Is 'S-
! tahIiShcd and the nature Or the business
10 he carried on by it are hereby declared
! 10 be- the purchase, sale and hiring OF au
tomobilcS. taNiCabS, and the operation ol
| "A general automobile ana taNlcaD livery
business and particularly to operate
black and white cabs and taAicabs' 10
purchase and sell all automobile suppI-s
and accessories and generally TO DO All
acts and to enter into all contracts that
may be necessary and convenient or APP
propriate in the accomplishment OF the
aforesaid purposes.
ARTICLE IV.-The capital stock of
this corporation shall be ten thousand
dollars (SlO,OOOOO), divided INTO one nun
drpd shares at the par value OF one nun
bred 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 snare ol
rho capitaI stock shall be entitled TO one
vote nj all meetings of the stockholders.
The capital stock may be increased 10 the
sum OF fifty thousand dollars CSJOoVUVV)
! ARTICLE E.-No stakeholder snail he
liable or responsible for the INDEBTEDNESS
shall any mere informality In the organ
cation OF the corporation have any tlleC'
| OF rendering the charter nun or OF eA-
! posing the stockholders to any liability
, beyond the unpaid balance, IL any Oh
. his stock subscription.
ARTICLE VI Should any stockholder
desire to sell his stock. he shall ilrst OF
! fer same to the stockholders OF the com,
; pany through its beard 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 stOch
, offered for sale, such stock may be SOLD
TO anyone.
. ARTICLE YII.-This corporation shall
have all the powers granted to such cor
porations, and shall have the power u
, contract. sue and be sued In its corpor-
: ate name, and to own, hold, receive, loan
lease, purchase. sell and convey or mort
, gage any or all of its effects or 10 ny,
, pOthecate its property and to do any ana
, all acts or things of any kind, nature OF
description, as may be necessary to carry
out the objects and purposes of said bust
ness as its interests and convenience ma!
require.
! affairs of said corporation shall be vested
in and directed by board OF directors
composed of three stockholders, majority
| of whom shall constitute quorum loi
the transaction of all business and the
Joseph TOye, Frank +. Toye and Pau
Toye all of lawful age and residents OF
this city and they shall hold office untl
June l, 1921 and on that day and IRON
: each and every day thereafter, an election
/ shall be held annually for directors at th'
. principal office of the corporation. Fan
ure to hold an election On the day specl
fled shall not dissolve the corporation
but the directors in office shall hold thell
respective offices until an election shall
be held after ten days notice OF the tlm'
: and place thereof given to each stock
: holder The annual elec,,on shall be helC
| on the first Monday in June, 1871, there
: after on the first Monday in June of eacl
: succeeding year, and the directors shall
I | be chosen by ballot All vacancies on tn,
= board of directors for whatever cause shai
= be filled by the remaining directors
Y Joseph Toye, shall be first president
IS Frank f. Toye, shall be first ice-presi
n dent and Paul TOye, shall 1e first Secre
tary and treasurer and they shall mol.
It office until the first Monday in June, l92l
T. and each succeeding board OF director
81 shall elect its principal officers for tn
,f term of their election anc only stockhold
n. ers shall be eligible for election as mem
to Der of the board of directors.
id | ARTICLE IX.-Wheneyer this corpora
l. 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 ruIl power to Sc
any and all assets of said corporation
vey full and complete title thereto, an
10 shall have full power to do and perforI
- all acts necessary and proper. fully an
g completely, TO liquidate the affairs and
ne distribute the proceeds, if any. among til
II stockholders ofl said corporation i'll I'll
amount of stock held by each.
ARTICLE X.-This act of Incorporate
c. may be amended, altered or modified @
= this corporation dissolved by a vote {
"a ee-fOurths of the shares of the toti
at amount of stock at a meeting convened fC
nt that purpose after ten days notice in wri
n ing mailed to the address of each stocl
i'm holder.
Thus done and passed at my nOtari;
N office in the city of New Orleans. state {
w. Louisiana. on the day, month and yea
first above written in the presence of job
T. Sullivan and Mark II. Neuhauser, con
- petent witnesses, who have hereunto signe
IT. their names together with appearers an
meg notary, after due reading OF til
whole.
s Frank f. Toye, 15II LeGa street,
shares Joseph Toye. 4314 Dumaine stree
l. 20 shares: John ID. Toye. per +. f. Toy
r 4314 Dumaine street. 20 shares: Paul Toy
1914 Dumaine street, 10 shares; George
Toye. 43l4 Dumaine street, 20 shares.
d Witnesses:
A. John T. Sullivan.
NJ. II. Newhauser.
David Sessler.