The herald., 1920-06-10
CHARTER.


have power and authority to have ana en-
| Joy succession for the full term OF ninety
| nine years from the dare hereof; TO con,
| tract; to sue and be sued; 70 make anu
| use IA corporate seal; to purchase and re.
ceive. lease, hold, sell and convey, as wei
| as mortgage and hypothecate, property,
| real. personal and mixed; to name ana
| aDpOint such officers anC agents as lht
| interests of said corporation may require;
to make and establish such bylaws anu
| regulations for the proper management
and regulation of its affairs rs may he
| deemed necessary and to Cnangc ana after
| the sam" at their pleasure.
| ARTICLE 1.-THE domicIIe Of said cor
| marathon shall he in the c.;y of New Or
| leans state of Louisiana. and all citations
| and other legal process shall he served
upon the president of said corporation ana
! i'm case of his absence upon the Nlce-pr"S-
! ident. and in case of tn" absence oil b"th
of these Officers, upon the secretary there
| OF.
ARTICLE III.-Thr OBJECTS and pur-
poses for which this corporation Is cS-
| tabliShcd. and the nature of the business
| To he carried Oh by it are hereby declared
| to be the purchase. sale. and hiring "t
| automobiles. taNicabs, ana the operation
of general automobile and taXicab ana
! cab livery business and particularly 10
| operate yellow cabs; to purchase ana sell
all automobile supplies and accessories
! and generally to do all acts and 10 enter
! into all contracts that may he necessary
! and convenient or appropriate" IN IN" a'-
| rOmpliShmcnt of the aforesaid purposes.
ARTICLE IV.-Thc capital stock of this
| roruuratiOn shall be- ten thousand dollars
| tSI0UOO.OO. divided into one hundred
! shares at the par valu" Of one hundred
dollars each. payable when issued IN cash
or other property or for services rendered
| or actually performed as decided by tn.
board of directors: "acr share of the cap
ital stock shall he entitled to one NOt" at
| all meetings of the stockholders. tn"
capital stock may be Increased TO the
sum of fifty thousand dollars (SJO,OOO0).
ARTICLE N.-NO stakeholder shall he
liable or responsible for III" indebtedness.
faults. or defaults of this corporation, nor
| shall any mere informally i'll the organl-
/ zatiOn OF the corporation have any effect
of rendering the charter null or OF cN-
posing the stockholders to any liability
beyond the unpaid balance if any, on his
stock subscription.
! ARTICLE VI Should any stOckholdcr
desire To sell his stock. d" shall first of
fer same to I'll" stockholders of the com
! pany through its board of directors. and
the stockholders who desire to purchase.
shall hav" 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 he sold
TO anyone.
No transfer of stock shall he made or
held To br valid and binding unless made
on the books of the company. and unless
made in pursuance to tine provisions OF
this charter.
ARTICLE NII.-This corporation shall
have all the powers granted to such cor
poratiOnS and shall have the power TO
contract sue and be sued i'll its corporate
name. aud to own. hoid. receive. loan.
lease. purchase. sell anC convey or mort
gage any or all of its effects or 10 hypOth"-
cate it, property and to do any and all
acts or things Of any kind. nature or de
>criptiOn a. may be necessary TO carry out
the objects and purposes of said business
~ it, interests and convenience may re
quirc
ARTICLE VIII-Al the business and
affairs OF said corporation shall 10" vested
ia and directed by board of directors
composed of thrc" stockholders majority
of whom shall constitute a quorum for
, the transaction of all business and IN"
/ said directors as first constituted shall be
. 3 Frank T.. Toyr. George \. TOyc and Jos
eph Toyr. all of lawfuT age and residents
of this city and they shall hold Offc"
until June !. 1921 and on that day and
from each aud every day thereafter. an
election shall hp held annually for dircc-
B. tors at the principal office of tn" corpora
ton. Failure To hold an election on the
day specified shall not dissolve the cor
, porHtiOn but the directors in Office shall
hold their respective offices until AN el'c-
, D tion shall he held after zen days notice
. of the time and place thereof given To
each stakeholder. The annual election
, shall he held on the first Monday in May,
, 1871 thereafter on the first Monday in
| June of each succeeding year, and the di-
: rccturS shall be chosen by ballot. All va
! cancieS on the board of directors for what
, ever cause shall be filled by the remain
, ing directors. Frank T.. Toye shall be- the
first president; Joseph Toye shall he the
first Vice-prcSdent and George \. Toyt
shall he the first secretary and treasures
and they shall hold office until the first
r Monday in June, 1921 and each succeeding
/ board of directors shall elect its princi
!. pal officers for the term of their election
aud only stockholders shall be eligible fOi
4 election as Il member of the board of di
: rectOrs.
h ARTICLE IN.--Whercycr this corpora
i ton is dissolved. either by limitation. al
@ for any cause. its affairs shall be hqui
II dated by the board of directors. who ar,
;. hereby vested with full power to sell any
A; aud all assets Of said corporation, either
l. separately or in maSse. and 10 convey full
: and complete title thereto and shall hav,
d full power To do and perform all act
|. necessary and proper, fully and complete
: ly to liquidate the affairs and to diStri
e butte the proceeds. if any. among the stock
J. holders of said corporation In the amour
l. Of stock held by each.
ARTICLE X.-ThiS act of incorporate
l. may be- amended. altered or modified o
,r this corporation dissolved by vote o
10 three -fOurthS of the shares of the tota
% amount of stock at Il meeting convened TO
D. writing mailed to the address of eacl
l. stakeholder.
d Thus done and passed at my nOtaria
m office in the city of New Orleans, stat
a of Louisiana, on the day, month and yea
20 first above written in the presence o
H. John T. sullivan and Mark X. Newhauser
le competent witnesses, who hereuntO Signe
their names with appearerS and me, no
n tary, after due reading or the whole.
'r (Signed) Mrs. J. =. TOye, 1914 Dumain
d street. IL shares: Frank r. Toye. 1914 Led
al street, 20 shares; Joseph TOye, per +.
'r TOye. 1914 Dumaine St, III shares: job
l. H. TOye, 1914 Dumaine street. Ii shares
< George ~ TOye 43l4 Dumaine street. ]
shares: James TOye. 1914 Dumaine street
al IL shares.
Of Witnesses.
=, John r. sullivan.
:" VI. X. Ncwhauser.
d JOHN p. SULLIVAN.
ID Notary Publ,
le |, the undersigned Recorder of Mort
cages, in and for the parish of Orleans
20 state of Louisiana, do hereby certify tina
t, the above and foregoing act of incorpOra
e. ton of the Yellow Cab Company. of Ne,
@, Orleans. Incorporated was this day dull
4. recorded in my office in book 1912, foil
New Orleans. May II, 1920.
(Signed) EMILE J. LEONARD, ID. r.
May 20-June "a.
e. AMENDMENT TO CHARTER OF MOTOl