The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-11

ibl IL. III
ultrd States OF Au.rrI.t STAT, of Lou
island. Parish OF Orleans. city OF Sow
ORLEANS. T." ~ known. That on this 10Th
day OF tho month Of October. 1920. aud
OF Ia" Independence of the United States
OF America. l.r U.r hundred aud forty
fourth baiOr" mr. John T.. sullivan. "a mo-.
tar, pubic. duly commissioned ami quail
Nod. D.. ana cor the city Ui NrW Orleans
Parish of Orleans State of Louisiana.
turr,IU residing and ia the presence. of the
" illnesses hereinafter named and under
~.-lrG. personally came and APPEARED r.r
su..uHIu- persons whose names ar. here.
INTO subscribed, tOEutu'r with the amounts
.t their respective subscriptions of tU,
turHua VINO -oyrraIIE declare that. gyaIlIu-
Jhnu.~,l ul the PROVISIONS uf the lH-
OF o." state OF Louisiana. relative TO tau
vT-IUI.lttHu OF corporations. they hs.,
'uNruHHtrd ana agreed. and do boy tLr>,
presents. covenant Iuu agree and bind
themselves. as Well as such other persons
lis many hereafter br'oM" a--O,lItrd with
taru. for their Successors. To form and
and body polite IN Law, aud .or IA" Old
J",tN aud purposes and under agreements
and ~tIpultIuHs following, tO.wIt.
ARTICLE TIL. name and title o" this
corporation shall b" Higgins IDyr Tours.
Incorporated. and by that u4uc said cor
TO have and enjoy Succession Tor the 1uu
term Of ninety nine years from the date
hereof. to contract. 10 ~u" AND br sued .
to make aud Use a corporal, seal. In puE
chase and receive. lease. hold, sell ami
convey, as well as murtEa-" and hypu.
thryatv. property, real, personal and mix
ri. To name and appoint such officers and
agents is the interests of said corpora
ZION may require, to make aud establish
such bylaws and regulations for the prop
'r management and regulation of its al
fairs as may be deemed necessary and To
change and alter the same at their pleas
urr
ARTICLE 1.-THE domiciIe Of said cor
poration shall be IN the City 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 case of his absence upon the Vice
President and in case o. the absence OF
both OF these officers, upon the Secretary
thereof
ARTICLE HI.-The objects and pur
poses for which this corporation is ,>-
tublished. and the nature of the business
20 be- carried on by It are declared 10 be.
The purchase. ownership, sale, hiring and
leasing Of automobiles. sightseeing ears
ana the operation of sight seeing cars and
touring ears throughout the city OF New
orleans, and the conduct of general auto
mobile transportation business, and o.
purchase. own. sell and lease all autOmO
bile supplies and accessories and generally
10 enter into all contracts and to do all
acts ana things that may be necessary
and convenient and appropriate in the az
'OmpilShmcnt OF the aforesaid purposes.
ARTICLE IV.-The capital stock Of thi,
corporation shall be nifty thousand dol
lars t$5OOJOOOl divided into live hundred
shares at the par value of on" hundred
dollars each. payable when issued in caSl
or other property or for services rendered
or actually performed as decided by th'
Board of Directors, each share OF the '1ipl
tai stock shall be entitled to one E0t'
AT all meetings OF the stockholders Th'
capital stock may be increased 10 the sun
of one hundred thousand dollars t$loO
10000.
ARTICLE V.-No stakeholder shall be
liable or responsible for the Indebtedness
faults. or defaults of this corporation. mol
shall any mere informally in the Organiza
ton of the corporation have any enrc
of rendering the charter null or OF eN
posing the stockholders 10 any liability
beyond the unpaid balance, II any, on NJ
stock subscription.
ARTICLE VI.-ShOuld any stOCkholdel
desire to sell his stock. he shall first ohel
same to the stockholders OF the company
through its Board of Directors. anu th'
stoC khOlderS who desire to purchase sha
have the right to purchase same. Should
said stockholders within seventy two hour
after written notice has been given. fai
or refuse to purchase the stock Ouer"d loi
sale. such stock may be sold to anyone
ARTICLE VI-This corporation shall
have all the powers granted to such cor
norationS and shall have the power q
contract sue and be sued in its corporate
name, and to own, hold, receive, loan
lease purchase sell and convey or mort
gage any or all of its effects or to hypO
thr,at,. it's property and to do any and
act sor things of any kind, nature or de
SrriptiOn. as may be necessary TO carry Ou'
the objects and purposes of said business
as its interests and convenience may r.
quire.
ARTICLE vIII.-AH the business and
affairs of said corporation shall be vested
in and directed by Board OF Directors
composed of three stockholders, ma
jority Of whom shall constitute "A quorum
for the transaction Of all business and th'
said Directors as first constituted shall ht
Frank Il. Toye, Joseph Gross and l.. q
Higgins, all of lawful age and residents
Of this city and they shall hold office un
til January -, 1922, and on that day an,
from each and every day thereafter. al
election shall be held annually for di
reCtorS at the principal office of the cor
poratiOn. Failure to hold an election or
the day specified shall not dissolve the cor
poratiOn. but the Directors in Office shall
hold their respective offices until an cleo
ton shall be held after ten days notice
of the time and place thereof given to eaci
stakeholder. The annual election shall b'
held on the first Monday in January, 1922
thereafter o nthe first Monday in January
Of each succeeding year, and the Director
shall be chosen by ballot All yacancie
on the Board of Directors for whateye
cause shall be filled by the remaining hi
reCtors Frank Toye, shall be first Presi
dent; Joseph Gross, shall be first Vice
President and l.. q. Higgins shall be frs
Secretary and Treasurer and they shall
hold Office until the first Monday in Jan
uary 1922 and each succeeding Board o
Directors shall elect its principal officer
for the term of their election and Onl.
stockholders shall be eligible for election
as member Of the Board of Directors.
ARTICLE IX.-Whenever this corpora
tion is dissolved. either by limitation o
for any other cause, its affairs shall b.
liuuidated by the Board of Directors, VIII
are hereby vested with full power to sci
any and all assets of said corporation
either separately or in maSSe, and to con
yey full and complete title thereto, ant
shall have full power TO do and perform
all acts necessary and proper. fully ant
completely, to liquidate the affairs and &
stock hOlders of said corporation in tn
amount of stock held by each.
ARTICLE X.-This act of incorporation
may be amended. altered or modified o
this corporation dissolved by a vote o
three fourthS of the shares of the tOta
amount of stock at a meeting convened 70
that purpose after ten days notice j.
writing mailed to the address of eaC
stakeholder.
Thus done and passed at my notaria
Office in the City of New Orleans. stat
of Louisiana, on the day, month and yea
first above written in the presence of Ear
tent witnesses, who have bereuntO Signet
their names together with appearrrs an,
me. Notary, after due reading Of tn
whole.
Names of subscribers omitted.
JOHN L. SULLIVAN,