The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-20
CHARTER.

|
| >Onally came and appeared IN" Following
| persons. whose names are her"unto SUB
| Scribed. together with the amounts al
| their respective subscriptions of the cap
! ital stock of the corporation to be formed
| who Scverally declare that. awaiting them
| selves of the provisions or the laws of
| the state of Louisiana relative to the or
| ganiZatiOn OF corporations. they have cove
| nantpd and agreed. and do by these pres
! ent>. covenant and agree and bind them
! selves ;S well a. such other persons Is
may hereafter becOm" associated with
| them. or their successors. {" form ana
! constitute themselves mo 4 corporation
aud body polite in law. AMI for the oh
! jectS and purposes and under agreements
aud stipulation> following, tO-wit:
! ARTICLE The name aud title of this
| corporation shall lee the "BiacH and Whit"
! cab Company of Louisiana. Inc" and by
| that name said corporation shall have pow
| "r aud authority [" hay" and enjoy sue
| r''>>iOu for ia" fun term of ninety min"
years from the dat" hereof: 70 contract
! to sue aud b.. sued TO make and use
| corporate seal. 10 purchase and receive.
| lease. hold. sell aud convey. aS well as
/ mortgag" and hypoth"catc. property. real.
personal aud mixed: t. uam" aud appoint
| such officers aud agents a. the interests
/ OF said corporation may require. to make
aud establish such bylaws aud regulations
! for TIA" proper management aud regulation
! of it, affairs aS may be- j:crmed necessary
and to chang" aud altar the same at their
! plea sure"
ARTICLE II. The domirilr of said cor
pOratiun shall be- in the city of New or
leans. state of Louisiana. and all citations
and other legal process shall Ice served
upon III" president of said corporation.
aud in ease of his absence upon the vice
president. and in ease of the absence of
both the" Officers. upon th" secretary
thereof.
ARTICLE Ill. The objects and pur-
poses for which This corporation il eS-
tahli>hed. aud the nature o. the business
10 be carried on 10y il are hereby declared
To be the purchase. sale aud hiring Of au-
tomohilrS. taNictbs. and the operation of
"a general automobile AMI taNiCab livery
business aud particularly to oprrat"
black and white cabs and taNiCab>. to
purchase and sell all automobile supplies
and accessories and generally to do all
acts aud To enter into all contracts that
may Ice necessary and convenient or APP
prOpriate in the accomplishment of the
aforesaid purposes.
ARTICLE IV-Thr capital stock of
this corporation shall be- ten thousand
dollars CSIO.Wo.OOD. divided into one hun
dred shares at the par value of one hun
dred dollars each. payahl" when issued
in cash or other property or for services
rendered or actually performed a. decided
10y the board of directors. each share of
the capital stock shall be entitled to one
vote at all MEETINGS of the stockholders
The capital stock may b" Increased to the
sum of fifty thousand dollars (SjOOOO 1907.
ARTICLE N.-No stakeholder shall be
liable or responsible for the Indebtedness,
faults. or defaults of thiS corporation. nor
shall any mere informaiiiy in the organi-
ZatiOn of the corporation have any effect
of rendering the charter null or of eN-
posing the stockholders to any liability
beyond the unpaid balance. if any. on
his stock subscription.
ARTICLE VI.-ShoulG any stakeholder
desire To sell his stock. he shall first Of
fer same to the stockholders of the COM
pany through it, board 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 =otice has been
given. fail or refuse to purchase the stock
Offered for sale, such stock may be sold
to anyone.
ARTICLE VII.-ThiS corporation shall
have all the powers granted To such cor
pOrationS. and shall have the power To
contract. sue and be sued in it's corpor-
ate name. and to own. hold. receive loan.
lease. purchase. sell anu convey or mort
gage any or all of its effects or to by
pOthecate its property and to do any and
all acts or things of any kind. nature
description, may be necessary TO carry
out the objects and purposes of said bust
ness aS it, interests and convenience may
require.
ARTICLE VIII.--All the business and
affairs of said corporation snail be vested
in and directed by board of directors
composed of three stockholders. II ma jOrity
of whom shall constitute quorum for
the transaction of all business and the
said directors rs first constituted shall he
Joseph Toyc. Frank r. TOye aud Paul
TOye. all of lawful age ami residents of
this city and they shall hold office until
June |. l92l and on that day and from
each and every day thereafter. an election
shall he held annually for directors at the
principal office of the corporation. Fail
ure to hold an election ;he day speci-
fled shall not dissolve the corporation,
hut the directors In office shall hold their
respective offices until an election shall
be held after ten days notice of the time
and place thereof given to each stock
holder. The annual cl-C-.on shall be held
on the first Monday in June, 1921. there
after on the first Monday in June of each
succeeding year, and the directors shall
be chosen by ballot. All vacancies on the
board of directors for whatever cause shall
he filled by the remaining directors.
Joseph Toye. shall be- first president;
Frank f.. TOye, shall be first vice presi-
dent and Paul TOye, Shall re first Secre
tary and treasurer and they shall hold
office until the first Monday in June, 1921,
and each succeeding board of directors
shall elect its principal officers for the
term of their election ans only stOckhold-
erS shall be eligible for election as a mem
Der of the board of directors.
ARTICLE IN.--Whaneyer this CORPORA
tlou IL ulSSOlNeu, tlIner nN DnltHtlOn. or
for any other cause, its affairs shall be
liquidated by the board of directors who
are hereby vested with -dii power to sell
any and all assets of said corporation
either separately or in maSSe. and to con
yey full and complete title thereto. and
shall have full power to do and perform
all acts necessary and proper. fully and
completely, to liquidate the affairs and to
distribute the proceeds If any. among the
stockholders of said corporation in the
amount of stock held by each.
ARTICLE N.-This act of Incorporation
may he amended. altered or modified or
this corporation dissolved Jy vote of
three fOurthS of the shares of the total
amount of stock mt q meeting convened for
that purpose after ten days notice in writ
ing mailed to the address of each stock
holder.
Thus done and passed at my notarial
office in the city of New Orleans. state of
Louisiana, on the day. month and year |
first above written In the presence of John
T. Sullivan and Mark X. Neuhauspr com
petent Witnesses who have hereunto signed |
their names together with appearers and |
me- notary, after due reading of the |
whole.
Frank f.. Toye. 1914 Le-a street. 20 |
shares; Joseph TOye 43l4 Dumaine street |
20 shares: John ID. TOye. per +. +. Toyp. |
1914 Dumaine street, 20 shares: Paul TOyp.
4S1f Dumaine street, 10 shares George A. |
TOye. 1914 Dumaine street. 20 shares
Witnesses:
John Il. Sullivan