The herald., 1920-11-25

Oh THE HIOGINS-TONI
TOURS, INC.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
| Orleans: BE it known, That on this l6tl
! day of the month of October, 1920. anC
/ OF the Independence Of the United State
of America. the one hundred and forty
fourth; before me, John Z. Sullivan. a no
tary public. duly commissioned and quail
ned, in and for the City Of New Orleans
Parish of Orleans, State of Louisiana
! therein residing and in the presence OF tn,
witnesses hereinafter named and under
signed, personally came and appeared III,
following persons, whose names are here
unto subscribed, together with the amounts
| OF their respective subscriptions Of tn,
| capital stock of the corporation to b,
| formed who seyerally declare that. avaiIinl
themselves of the provisions of the law,
| OF the State of Louisiana relative to tn,
| organization of corporations, they hav,
| covenanted and agreed, and do by these
presents, coyenant and agree and bind
themselves. as well as such other persons
] as many hereafter become associated with
| them. for their successors, to form and
constitute themselve into a corporation
and body polite in law, and for the OBJ
Jects and purposes and under agreements
and stipulatiOns following, tO-wit:
ARTICLE 1.-The name and title OF this
corporation shall be HigginsTOye Tours
Incorporated, and by that name said cor
pOration shall have power and authority
TO have and enjoy succession for the full
hereof; to contract; TO sue and be sued
TO make and use corporate seal; to pur-
chase and receive, lease, hold, sell and
convey, as we'll as mortgage and hypo-
thecate, property, real, personal and mix
ed TO name and appoint such officers and
agents as the interests of said corpora
ton may require; 10 make and establish
such bylaws and regulations for the prop-
er management and regulation of its at
falrS as 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
both of these officers, upon the Secretary
thereof.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished, and the nature OF the business
10 be carried on by 1t are declared to be
The purchase, ownership, sale, hiring and
leasing of automobiles, sight seeing cars
and the operation of sight seeing cars and
touring cars throughout the City of New
Orleans, and the conduct of a general auto
mobile transportation business; and TO
purchase, own, sell and lease all automo-
bile supplies and accessories and generally
to enter into all contracts and TO do all
acts and things that may be necessary
complishment of the aforesaid purposes
ARTICLE Iv.-The capital stock OF this
corporation shall be fifty thousand dol
lars $50 0O0.0O) divided into five 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; each share of the CAPT
tai stock shall be entitled to one vote
at all meetings of the stockholders. The
capital stock may be increased to the sum
of one hundred thousand dollars (SlO0,
OOOOO).
ARTICLE v.-No stakeholder shall be
liable or responsible for the Indebtedness.
faults. or defaults Of this corporation, nor
shall any mere informally in the organiza-
ton 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.-Should any stakeholder
desire to sell his stock. he shall first offer
same to the stockholders Of the company
through its Board Of Directors, and the
stockholders who desire to purchase, sha
have the right to 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.
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 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-
thecate its property and to do any and al
act sor things Of any kind, nature or de-
scription, as may be necessary TO carry out
the objects and purposes OF said business
as its interests and convenience may re-
Quire.
affairs Of said corporation shall be vested
in and directed by a Board of Directors
composed Of three stockholders, a ma
jority Of whom shall constitute a quorum
for the transaction of all business and the
said Directors as ffst constituted shall be
Frank L. Toye, Joseph Gross and L. G.
Higgins, all Of lawful age and residents
Of this city and they shall hold office un-
til January y, 1922, and on that day and
from each and every day thereafter, an
election shall be held annually for d.
rectors at the principal Office Of the cor
poration. Failure to hold an election on
the day specified shall not dissolve the cor
poration, but the Directors in ONCE shall
hold their respective offices until an cleo
ton shall be held after ten days notice
CT the time and place thereof given to each
stakeholder. The annual election shall be
held on the first Monday in January, 1922,
thereafter nthe first Monday in January
of each succeeding year. and the Directors
shall be chosen by ballot. All vacancies
on the Board of Directors for whatever
cause shall be filed by the remaining Di-
EcttoTs. rhuA lOyc, buhIi NC AIsb Icsl-
dent; Joseph Gross, shall be first Vice
President and L. G. Higgins shall be first
Secretary and Treasurer and they shall
hold office until the first Monday in Jan
uary, 1922, and each succeeding Board of
Directors shall elect its principal officers
for the term of their election and only
shall be eligible for election
as a member of the Board Of Directors.
ARTICLE IX.-Whenever this CORPORA
ton is dissolved, either by limitation or
for any other cause, its affairs shall be
liquidated 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 con-
vey full and complete title thereto, and
shall have full power TO do and perform
all acts necessary and proper, fully and
to iquidate the affairs and to
distribute the proceeds, If any. among the
of said corporation in the
amount of stock held by each.
ARTICLE X.-This act Of Incorporation
may be amended, altered or modified or
this corporation dissolved by a vote Of
tn rec fourths Of the shares of the total
amount of stock at q meeting convened for
that purpose after ten days notice in
writing. mailed to the address of each
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 Earl
]. Sullivan and Wyles +. Byrns, comDe-
tent witnesses, who have hereunto signed
their names together with appearers and
me, Notary, after due reading of the
whole.