The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER.

ana by lndl ndHe sdlu tOfpOTdNlOh Shdi |
have power and authority to have and en-
JOY succession for the full term of ninety
nine years from the date hereof; TO con
tract: to sue and he sued; make ana
Use a corporate seal: to purchase and re
ceive lease, hold, sell and convey, as well
as mortgage and hypOtheCate, property, |
real. personal and mixed; to nam" ana |
appoint such officers anC agents as the |
interests of said corporation may require.
to make and establish such bylaws and |
regulations for the proper management !
and regulation Of its affairs as may be |
deemed necessary and To ctange aud alter
/ the same at their pleasure.
! ARTICLE 1.-THE domiclIe of said cor
pOratiun shall be in the C-jy of New or 1
! leans. state of Louisiana. aud all citations
and other legal process shall be served
upon the president of said corporation AMI
/ in ease of his abs"nr" upon the Nice-preS-
| idpnt. and in ease of tn" absence OF h"th
/ of thrS" Officers. upon the secretary there
! Of.
/ ARTICLE III.-The OBJECTS and pur-
poses for which this corporation i cs-
tubIi>hrd. and the nature of tn" business
| To be carried on by il are hereby declared
10 br the purchase. sale. and hiring of
! automobiles. taNiCabS. HnC the operation
| of a general automobile and taNiCab and
cab livery business and particularly TO
operate yellow cabs, to purchase and sell
all automobile supplies and accessories
| and generally to do all acts and to enter
into all contracts that may be necessary
( and convenient or appropriate in the ac-
complishment of the aforesaid purposes.
ARTICLE IE.-The capr;aI stock of this
rorpuratiOn shall be ten thousand dollars
J lSlO.OOO0Oi, divided into one hundred
shares at the par value Of one hundred
dollars each, payable when issued i'll cash
ar other property or for services rendered
or actually performed as decided by tn"
board of directors. caca snare of the cap
ital stock shall be- entitled 10 one vOt" at
all meetings of the stockholders Tn"
capital stock may be increased to the
sum of fifty thousand dollars (SJO,OOOOO).
! ARTICLE V.-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
IF 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 Should any stakeholder
desire to sell his stock. hr shall first of
I fer same, to the stockholders of the com
pany through its board of directors, and
the stockholders who desire to purchase,
shall hay" the right 10 purchase same.
Should said stockholders within seventy
two hours after written notice has been
. given, fail 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 ana binding unless made
. ! on the DOCKS or the company. ana unless
made in pursuance to the provisions of
this charter.
/ ARTICLE NII.-ThiS corporation shall
have all the powers granted 10 such cor.
pOratiOnS. and shall have the power to
contract, sue and be sued i'll its corporate
name. and to own. ho;I. receive. loan
: lease. purchase. sell anC convey or mort
gage any or all of its effects or 10 hypOthe-
p cate its property and to do any and all
acts or things of any kind nature or de
2 StFi inf inn m lao grE 70 n
the jeCtS and purposes of said business
as it, interests and convenience may re
quire.
ARTICLE VIII-Ml the business and
! affairs of said corporation shall be vested
/ i'll and directed by u board of directors
composed Of three stockholders a ma Ority
= of whom shall constitute Il quorum for
, the transaction of all business and the
said directors first constituted shall be
I Frank r.. TOye, George A. TOye and JOS
= eph TOyc all of lawfui age and residents
of this city and they shall hold office
until June |. 1921 and on that day and
. from each and every day thereafter. an
election shall be held annually for direc-
p tors at the principal office of the corpora
ton. Failure To hold an election on 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 zen days notice
of the time and place thereof given to
each stakeholder. The annual election
snail he held on the flrSt Monday IN May,
, 1921, thereafter on the first Monday in
, June of each succeeding year. and the di-
: rectorS shall he chosen by ballot. All va
| caucies on the board of directors for what
ever cause shall he filled by the remain
, ing directors. Frank +. Toye shall be the
first president: Joseph Toye shall be the
first vice-prcSident and George \. TOye
shall be the first secretary and treasurer
and they shall hold office until the first
. Monday in June 1921. and each succeeding
! board Of directors shall elect its princi-
= pal officers for the term of their election
and only stockholders shall be eligible for
, election as a member of the board of di-
rectOrs.
A | ARTICLE IN.-Whercvcr this corpora
ton il dissolved. either by limitation. or
? for any cause its affairs shall be liqui-
dated by the board of directors. who are
. hereby vested with full power to sell any
and all assets of said corporation. either
separately or in maSse. and to convey full
10 and complete title thereto. and shall have
l full power to do aud perform all acts
necessary and proper, fully and complete
5 ly to Iiquidate the affairs and to diStri-
, butte the proceeds. if any, among the stock
. holders of said corporation in the amount
of stock held by each.
ARTICLE X.-This act of incorporation
T. may be amended. altereG or modified or
? this corporation dissolved by a vote OF
three-fOurthS of the shares of the total
amount Of stock at Il meeting convened for
that purpose after ten days notice in
. | NiitlHE ihdiith 10 the dlIFeSS Oh edCn
stakeholder
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 4. sullivan and Mark l.. NewhauSer
competent witnesses, who hereuntO signed
their names with appearerS and me, no
tary, after due reading or the whole.
(Signed) Mrs. ]. L. Toye. 4314 Dumaine
street III shares; Frank +. TOye. 1914 Leda
street 20 shares; Joseph TOye. per +. f.
TOye. 43l4 Dumaine st, Ii shares; John
II. Toye 43l4 Dumaine street. Is shares :;
George y. TOye. 43l4 Dumainp street IL
shares; James TOye. 1914 Dumaine street
III shares
I Witnesses
, John r. sullivan.
". Il. Ncwhauser.
JOHN p. SULLIVAN.
Notary Public.
? I. the undersigned Recorder of Mort
cages, in and for the parish OF Orleans,
D state of Louisiana, do hereby certify that
the above and foregoing act of inCOrpora-
, tion of the Yellow Cab Company. of New
. Orleans. Incorporated. was this day duly
recorded in my office in book 1912, folio
........
New Orleans. May II. 1920
tSigned): EMILE j. LEONARD, D. r.
Nav 2O-June "a