The herald., 1920-06-24
CHARTER.

use a corporate seal; to purchase and re
ceive, lease, hold, sell and convey, as wen
| as mortgage and hypOthecate, property,
real. personal and mixed; to name ana
| appoint such officers anc agents as the
| interests of said corporation may require;
| to make and establish such bylaws ana
and regulation of its affairs as may be
deemed necessary and to change ana alter
! the same n their pleasure
ARTICLE 1.-THE dOmicile OF said cor
pOratiOn shall be in the C.ty of New Or
! leans, state of Louisiana, and all citations
and other legal process shall be served
| upon the president of said corporation ana
| in case of his absence upon the Nice-pres-
] ideut, and in case of the absence OF both
of these officers, upon the secretary there-
OF.
| ARTICLE III.-The OBJECTS and pur-
| noses for which this corporation is cS-
ItabIi>hrd and the nature of the business
| To be carried on by it are hereby declared
TO be the purchase. sale, ANA hiring OF
automobiles, taNicabS. ana the operation
| Of Il general automobile and taNlcdb ana
cab livery business and particularly 10
operate yellow cabs; to purchase and sell
all automobile supplies and accessories
| and generally to do all acts ana 10 enter
| into all contracts that may be necessary
and convenient or appropriate in the ac-
icOmpli>hmcnt of the aforesaid purposes.
| ARTICLE IV.-Thc capital stock Of this
corporation shall be ten thousand dollars
$50 OOOOOI divided into one hundred
shares at the par value OF one hundred
dollars each, payable when issued in cash
or other property or for services rendered
or actually performed as decided by the
board of directors. caCH snare or the cap
ital stock shall he entitled 10 one vote at
| all meetings of the stockholders. The
capital stock may he Increased to the
sum of fifty thousand dollars ($J0OOOG0).
| ARTICLE N.-No stakeholder shall be
liable or responsible for the Indebtedness,
faults or defaults of this corporation, nor
shall any mere informality in the organi-
zatiOn OF the corporation have any effect
Of rendering the charter null or or eN-
posing the stockholders to any liability
beyond the unpaid balance, II any, on his
stock subscription.
| ARTICLE VIrsShould any StOckhOldcr
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 10 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.
No transfer of stock shall be 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 VII-This corporation shall
have all the powers granted TO such cor
r porationS. and shall have the power TO
% contract, sue and be sued in its corporate
= lease, purchase, sell ana convey or mort
: gage any or all OF its effects or 10 hypOthe-
l cate its property and TO do any and all
acts or things of any kind. nature or de-
r SCriptiOn as may be necessary to carry out
= the objects and purposes Of said business
as its interests and convenience may re-
Quire.
ARTICLE VIII.-An the business and
affairs of said corporation shall be vested
in and directed by board of directors
n composed of three stockholders majority
( of whom shall constitute quorum for
4 the transaction OF all business and the
said directors as first constituted shall be
| Frank f. Toye. George A. Toye and JOS
: eph Toye, all of lawfui age and residents
, of this city and they shall hold office
: until June /. 1921 and that day and
from each and every day thereafter, an
election shall be held annually for direc-
tors at the principal office of the corpora
4 ton. Failure to hold an election on the
r day specified shall not dissolve the cor
= poration but the directors in office sball
: hold their respective offices until an cleo
y tion shall be held after zen days notice
of the time and place thereof given TO
4 each stakeholder. The annual election
! shall be held on the first Monday in May,
! 1921, thereafter on the first Monday in
' June of each succeeding year. and the di-
r rectorS shall be chosen by ballot. All va
a cancies on the board of directors for what
. ever cause shall be filled by the remain
| ing directors. Frank +. TOye shall be the
{ first president; Joseph Toye shall be the
| first yice-presiGent and George A. Toye
| shall be the first secretary and treasurer
n and they shall hold office until the first
o Monday in June, 1921, and each succeeding
: board of directors shah elect its princi-
= pal officers for the term of their election
and only stockholders shall be eligible for
r election a member of the boaEd of di-
n rectors.
o ARTICLE IN-when-vcr this corpora
: ton is dissolved, either by limitation or
A for any cause, its affairs shall be liqui-
: dated by the board of directors, who are
h hereby vested with full power to sell any
II and all assets of said corporation. either
@ iseparately or in masse, and to convey full
n and complete title thereto. and shall have
! full power to do and perform all acts
:: necessary and proper, fully and complete
|. lily to liquidate the affairs and TO distri-
= butte the proceeds. il any. among the stock
a holders of said corporation In the amount
| ! of stock held by each.
3 ARTICLE X.-This act of incorporation
70 may be amended. altered or modified OF
l. this corporation dissolved by a vote O
!, three -fourthS of the shares of the tota
amount of stock at a meeting convened fol
A. that purpose after ten days notice il
,r writing mailed to the address of eacl
10 stakeholder.
~ Thus done and passed at my notaria
m office in the city of New Orleans stat
n of Louisiana, on the day, month and yea
n first above written in the presence o
d John Il. Sullivan and Mark r. Newhauser
m competent witnesses, who hereunto signe'
"a their names with appearers and me, no
to tary, after due reading OF the whole.
40 (Signed) Mrs. J. T. Toye, 4314 Dumain
no street, IS shares; Frank +. Toye, 1914 Led
street, 20 shares; Joseph TOye, per +. +
IN ToyP. 4314 Dumaine ST., 1e shares; Johl
~ ID. Toye 4314 Dumaine street. is shares
of George A. Toye, 4314 Dumaine street. i
nj shares; James TOye, 1914 Dumaine street
mr. Is shares.
t. Witnesses.
X John T. Sullivan.
NJ. X. Newhauser.
az JOHN p. SULLIVAN
VI Notary Public
IN i, the undersigned Recorder of Mort
n cages, in and for the parish of Orleans
ID state Of Louisiana, do hereby certify tina
nd the above and foregoing act OF incorpora
he ton Of the Yellow Cab Company. of New
Orleans, Incorporated, was this day dull
% recorded in my office in book 1912, foil
~ New Orleans, May IL. 1920
Is (Signed) EMILE J. LEONARD, d. r.
A. May 20-June "A.
AMENDMENT TO CHARTER OF MOTOI
4 FIRE INSURANCE AGENCY,