The herald., 1920-11-04

CHARTER OF THE HIGGINS-TOlE
TnIK~ INC.

I
TOURS, INC.
United States Of America, State of Lou
iSiaHa. PARISH Of Orleans. City of New
Orleans. BE it known. That on this 10Th
day OF the month OF October, 1920 and
( Of the Independence Of the United States
| of America, the one hundred al. forty
! fourth, before me. John L. sullivan, q no
| tary public. duly commissioned and quail
| lied, in and or the City Of New Orleans.
| Parish OF Orleans, State of Louisiana.
| therein residing and in the presence of the
| witnesses hereinafter named and under
signed, personally came and appeared the
| following persons, whose names are here
unto subscribed. together with the amounts
| Of their respective subscriptions of the
| capital stock OF the corporation to h"
| formed who seyrrally declare that, ayailiUg
| themselves OF the provisions of the law,
! OF the state OF Louisiana, relative to the
! organization Of corporations, they have
! coyenauted and agreed and do by these
| presents, covenant and agree and bind
| themselves, well as such other persons
as many hereafter become associated with
( them. for their successors, to form ana
constitute themselves into corporation
and body polite in law, and for the OBJ
! jccts and purposes and under agreements
ana stipulations following. to-wit:
! ARTICLE 1.-The name and title % this
| corporation shall be Higgins-TOye Tours,
| Incorporated. and by that name said cor
| poratiOu shall have power and authority
to have and enjoy succession for the full
| term of ninety-nine years from the date
to make and use corporate seal, to pur-
chase and receive, lease, hold, sell and
convey, as well as mortgage and hypo-
theCate, property, real, personal ana mix
ed to name and appoint such officers and
agents as the interests of said corpora
ton may require; TO make and establish
such bylaws and regulations for the prop
er management and regulation of its AT
fairs may be deemed necessary and To
change and alter the same at their pleas
ure.
ARTICLE 1.-THE domicile 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 on the absence of
both of these officers, upon the Secretary
thereof.
ARTICLE III.-The objects and pur-
, poses for which this corporation Is eS-
tabIiShed. and the nature of the business
, to be carried on by II are declared to be
The purchase. ownership, sale, hiring and
I leasing of automobiles sight seeing cars
= and the operation of sightseeing cars and
touring cars throughout the City of New
. Orleans, and the conduct of a general auto
mobile transportation business; and &
purchase. own. sell and lease all automo
I bile supplies and accessories and generally
. to enter into all contracts and TO do al
| acts and things that may be necessar.
:. and convenient and appropriate In the ac
!. complishment of the aforesaid purposes.
| ARTICLE lN.-1ne Caplldl STOCK OF I'M
% corporation shall be fifty thousand dol
,, lars (S5OOO0.O0) divided into five hundre'
y | shares at the par value OF one hundre,
! dollars each, payable when issued in cas-
% or other property or for services rendere
q | or actually performed as decided by tn
3 | Board of Directors; each share of the CAPT
n tai stock shall be entitled to one yot
at all meetings of the stockholders. IN
IN capital stock may be increased to the sur
ir Of one hundred thousand dollars NlOo
> 100000.
ARTICLE y.-No stockholder shall b
l. liable or responsible for the indebtedness
.e faults, or defaults of this corporatlOn, no
:. shall any mere informally in the organlzs
IN tion of the corporation have any eHe'
{, of rendering the charter null or OF ~
j. posing the stockholders to any haolIit
p. beyond the unpaid balance, IL any Oh ii
| stock subscription.
4 ARTICLE yI-Should any stockhold'
u. desire to sell his stock, he shan nrst one
!, same to the stockholders OF the coIhpaIn
- through its Board OF directors, anu u
~ sfockbolders who desire to purchase. sh,
r have the right to purchase same. Shoul
said stockholders within seyenty-two hou
We after written notice has been gwen, II
u, or refuse to purchase the stock oHereo II
en sale such stock may be sold to anyone
n, ARTICLE vII-This corporation sha
an have all the powers granted 10 such CO
ch porations, and shall have the power
" contract, sue and be sued In It's corPVla
o. | name and to own, hold, receive, loa
lease. purchase sell and convey or NOR
In gage any or ali of its effects or to hyp
n thecate it's property and to do any anu
ed act sOr things OF any KIND, natu[e a vi - -
vi scription, as may be necessary TO carry
on the objects and purposes or SAID Duslhe
by as its interests and convenience may
it quire. 49, N,, =,
affairs of said corporation shall be vest
a in and directed by Board OF Dlrecto
nd composed Of three stockholders, III
,re iority of whom shall constitute quoru
n business
said Directors as first constituted shalI
rd Frank K. Toye, Joseph Gross and Il.
in Higgins, all Of lawful age ana resldel
rs of this city and they shall hold office U
nj til January -, 1922. and on that day
m from each and every day thereafter,
ia, election shall be held annually for
ct rectors at the principal office OF the C
Ten poration. Failure to hold an election
81 the day specified shall not dissolve the C
a. poration. but the Directors In once sh
ity hold their respective offices until an Ell
III ton shall be held after ten days not
a OF the time and place thereof given to ca
int stockholder. The annual election shall
held on the first Monday in January. ~
"a thereafter nthe first MONDAY In yanut
ed of each succeeding year, and the Direct
i'll shall be chosen by ballot. All vacanc
ro- on the Board Of Directors for whate
en-. cause shall be filled by the remaining
ned rectors. Frank Toye, shall be first Pre-
ron dent; Joseph Gross, shall be first Vi
e. President and l.. G. Higgins shall be y
ast Secretary and Treasurer ana they 81
hold Office until the nrst honuay III
ooh Iuary 1922 and each succeeding Board
ere Directors shall elect its principal otic
INV for the term of their election ana o
n stockholders shall be eligible for elect
60 as a member of the Board Of Directors
,ny ARTICLE IX.-whenever this corpo
ncb ton Is dissolved, either by limitation
her for any other cause, its affairs shall
On iouidated by the Board OF Directors, v
o. are hereby vested with full power TO
IN any and all assets of said corporate
o. either separately or in masse, and 10 c
ond yey full and complete title thereto,
dr. shall have full power 10 do and perf'
all acts necessary and proper, fully
or- completely, to liquidate the affairs and
% distribute the proceeds, II any, among
o. stockholders of said corporation In
~ amount of stock held by each.
90 ARTICLE X.-This act Of incorpora
- may be amended, altered or modified
80 | this corporation dissolved by vote
~ three ourths Of the shares Of the I
'o' amount of stock at a meeting convened
=, that purpose after ten days notice
con- writing mailed to the address OF I
ocE stakeholder.
"a Thus done and passed at my nota
eng once IN tne 10y VI r,onth and
a., TN first above written in the presence OF
M J. Sullivan and Wyles +. Byrns, con
tent witnesses, who have hereunto sis
,,,a, their names together with appearers
si'b me- Notary, after due reading OF