The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17
CHARTER.

Company, oil New orleans, lnco oiIp,' "bor
ana ny thdt h1ile SaIu vi P 80 md on
have power anu duthoritS 10 nav ,iaatv
JOY succession LOT 'ne luli .eIln W 70 con
nine years ii'air ~" ~, 80, - make and
! udc'' tOSuS, - -. 40 nnrcb,sp and re-
use ~ hnId saIi and convey. as well
celNe' Ie"''' ,l Lvn,tbac,ta property,
as moFtS'S' " ., name and
| real personal anu ,e.rts as the
! appoint suth oiil',in 90 -. rruuire
interests oil Salu o"I PVi ~ LvIuvS and
! 10 make anu 'S'Hpli'" D,I,u.rrmput
! regulations Tor Ihe Pr"pri ~ lac
aud regulation VI ~ ..,,,,, and alter
| deemed n"crSsarN an" |" '""i'-
| the Nai'' ut ''''''
| NHTICIE 1.-THE domlrlle OF Salu ,"I
! uor;rrinu shall Ice in the coy OF NV va
Loans state of Louisiana. and all 'ila''"nH
md other legal process shall ne N'I''"
| ION the president of said corporation IN"
! In cas-. of his absence upon the wee
/ idruf and in case Of III" absence "I w"
OF these officers. upon I"c secretary '''''
of.
,rrr,rr M Tho ,,ir,.tS and pur-
~. CO.. which thi, corporation j. cS-
! -: ma th. u,tur,. of the business
/ az ,rriJ an by if ar. hereby declared
! =" - rur,.b,Sr sale and hiring OF
| ,rtomoLiI., taNirahS ana the operation
/ y ,,.,..r.l ,utomnhiI. and taNicab and
/ 't -, business and particularly To
! .,..,ta yrIIovy cabs: To purchase and sell
/ ,u ,utomohiIe supplies and accessories
and generally to do all acts aud 10 enter
into all contracts that may b" necessary
! and convenient or appropriat" III the "'-
roupIiShmcut of the aforesaid purposes
= ,p.rI,,IE IN The CaprlaI stock of this
! ,.prunratiuu shall Ice ten thousand dollars
! $50 uOO OOl. divided into one hundred
/ shares at the par value OF on" huhhrtu
/ dollars each. payable when issued III 'dSh
/ or other property or for services rthu'r'"
or actually performed a. decided 10y Inc
/ board Of directors. c:c" share OF tHr cap
ital stock shall he entitled to one Notr az
all meetings of the stockholders. ne
capital stock may he Increased TO thr
sum of fifty thousand dollars iNJuphoND.
| ,KTICIE N.No storkhoIdrr shall bc
liable or responsible for The indebtedness.
faults. or defaults Of this corporations nor
! shall any mere infOrmalty IN the organ
! zation of tn" corporation haN" any effect
of rendering the charter null or of cN-
posing the stockholders to any lahIlIty
/ beyond the unpaid balance II any. On MS
stock subscription.
,pTI,u T. NJ ShouId amy STOCK holder
- - ~ In ~ .tn,.t b,. Shall first of
| tr NJ. ,, ib. Stockholders of the com
/ nm, RI ranch il. hoard of directors and
iL. .tnrE holder, who desire TO purchase
| nm ~. tbr right 10 purrha,,. same
, ..I,,,Id ,,iJ ,torkboldrrs within seventy
INA Lnurs after written notice has been
,ivrn fail ar refuse To purchase the stock
4 ,yfor.J Tor sal. surh STOCK NAV be sold
~ ,nTonc
10 al
~" ''1"Nl'I Va - FL, - -.
h'Iu i" " N"'IH 'ru INNS " -
." S"' n'"h 0,, VI Wv "a. Ir-a,iiuior. .,
TH"' III r'' >""'''' w '''
| 'hI> 'h'i''''
/ ARTICLE Nll.-IhiS corporation Shal
have all the powers granted to such cor
p"rationS. aud shall have the power 10
contract. sue and be sued III ITS corporate
name. and 10 own. h"id, receive. loan
lease. purchase. sell anf convey or mort
gage any or all of its effects or 70 hNpothr-
eat" its property ana To DO any ahd All
acts or things of any KIND, nature or de
ScriptIOu a. may he necessary 10 carry out
the objects and purposes of said business
~ it, interests and convenience may re
quirc.
ARTICLE EIII-Au the business and
affairs of said corporation shall be vested
! ia and directed by board of directors
composed OF three stockholders a majority
of whom shall constitute a quorum Tor
the transaction OF all business ana the
| said directors rs tlrSt constituted ShaII u"
| Frank T. T"ye. George y. loye ana JOS
eph Toyc. all OF lawtui age ana residents
| of this city and they shall hold Offlce
until June l. 1871 and on that day ana
from each ana every day thereafter: an
election shall he held annually Tor dlrec-
| tors AT the principal office OF IN" corpora
ton. Failure 10 hold an election on the
DAY Sprclilrd Sh"ii hot n'SS"NS lne t"r
| PoI''!p" "u' M W ', e. sgi -, 'ii ~ -
. moiu mn trEiI &C. =, a.. ,oti,..
'I"n N"'ii NC NJ" - ts!;"n %
VI t"e my ar III ni -,,,,ior
'H'n so, Nn MY u Wa,,.1a, a. NJ,
,n", y" .g ~ y" o~e ,i 80 NiondaT in
- ' .,. - gu - nv, ~ a.
refers shall he chosen by ballot All va
lcon,.irs on the hoard of directors for what
ever cause shall he filled by the remain
ing directors Frank h rove shall be the
first president; Joseph Toye shall be the
first vice president and George A. TOyc
shall he 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 prlncl-
pal officers for the term OF their election
and only stockholders shall be eligible Tor
election as member OF the board OF d.
rectors.
ARTICLE IN-Wheucvrr this corpora
tion is dissolved either by limitation or
; for any cause. its affairs shall he liqui-
GaIeu u! tne noaTu oi ullec.ors, wiz VIII arr
nrI'"I ''Su'" WIN ~" I 'oNrI ~ Seii HIs
= sepnrately or in massn. and 70 convey full
To- land completr title thereto. and shall hav,
! full power to do and perform all acts
B. necessary and proper. fully and complete
5 ly to liqudate 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