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

sonaIIy came and appeared the following
persons whose names are hereuntO SUD
>cribed together with the amounts or |
their respective subscriptions of the cap |
ital stock Of the corporation to be formed
who Severaily declare that, awaiting them
selves of the provisions or the laws or
| the state of Louisiana relative to the or
ganzation of corporations. they have cove
| nanted and agreed, and do by these pres
entS. covenant and agree and bind them
| selves. as well such other persons as
| may hereafter become associated with
| them or their Successors, to form and
4 constitute themselves into 4 corporation
and body polite in law, and for the OBJ
| jectS and purposes and under agreements
! and StipulatiOnS following, tO-wlt:
ARTICLE 1.-The name and title of this
1 corporation shall be the "EiaCG and White
! Cab Company of Louisiana, Inc and by
that name said corporation shall have pow
I or and authority To have and enjoy sue
crS>ion for the fun term Of ninety nine
/ years from the date hereof: 10 contract,
| TO sue and be sued to make and use a
corporate seal: tn purchase and receive.
lease. hold sell and convey, as well a5
mortgage and hypOthecate. property. real,
personal and mixed to name and appoint
1 such officers and agents Is the interests
of said corporation may require: TO make
and establish such laws and regulations
for the proper management and regulation
of it, affairs as may be deemed necessary
aud to change and altar the same ut their
pleasure.
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
president, and in case of the absence of
both these Officers. upon the secretary
thereof
ARTICLE IH.-The objects and pur-
poses for which this corporation is eS-
tabliShed. and the nature or the business
to be carried on by it are hereby declared
to be the purchase, sale and hiring of au-
tomObics. taNicabs. and the operation of
a general automobile ana taNIcab livery
business and particularly to operate
black and white cabs and taNicabS: to
purchase and sell all automobile supplies
and accessories and generally to do all
acts and to enter into all contracts that
may he necessary and convenient or APP
prOpriate in the accomplishment of the
aforesaid purposes.
! ARTICLE IN.-Thr capital stock of
this corporation shall Ice ten thousand
dollars ($lO0OOOOD. divided into one hun
drrd shares at the par value of one hun
dred dollars each. payable when issued
in cash or other property or for services
. ! rendered or actually performed As decided
by the board of directors: each share of
the capital stock shall he entitled to one
! vote AT all meetings of the stockholders
; The capital stock may be increased TO the
sum of fifty thousand dollars ($J0.OOO.O0)
y l. u.
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 eX-
; 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 of
: fer same to the stockholders of the COM
rltrh ard nf al irarf nrS md
, the stockholders who desire to purchase,
, shall have the right to purchase same.
should said stockholders within seventy
two hours after written notice has been
J, given. fail or refuse to purchase the stock
2 offered for sale, such stock may be sold
? to anyone.
ARTICLE VII.-This corporation shall
have all the powers granted TO such cor
J pOrations, and shall have the power to
[ contract. sue and be sued in its cOrpor-
ate name. and to own. hold, receive, loan,
I lease. purchase. sell anu convey or mort
: gage any all of its effects or TO by
pOthecate its property and TO do any and
/ all acts or things of any kind. nature or
description. as may he necessary TO carry
out the objects and purposes of said bust
ness its interests and convenience may
( require.
> ARTICLE VIII.-All the business and
affairs of said corporation shall be vested
in and directed by board of directors
composed of three stockholders, a majority
- of whom shall cOnStituce n quorum for
p the transaction of all business and the
said directors as first constituted shall be
Joseph Toye. Frank r. TOye and Paul
TOye. all of lawful age and residents of
. this city and they shall hold office until
! June |, 1921 and that day aud from
each and every day thereafter. an election
shall be held annually for directors at the
principal office of the corporation. Fail
ure to hold an election Ihe day speci-
fled shall not dissolve the corporation,
! but the directors in office shall hold their
respective offices until AN election shall
p he held after ten days notice of the time
D and place thereof given to each stock
holder. The annual el-c-.on shall be held
10 on the first Monday in June. 1921. there
T after on the first Monday in June of each
i succeeding year, and the directors shall
. be chosen by ballot. All vacancies on the
Y board of directors for whatever cause shall
; he filled by the remaining directors
r Joseph TOye. shall be first president
| Frank +. TOye. shall be first vice preSi.
: dent and Paul TOye, SHAH :e 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
n term of their election anC only stockhOld-
4 erS shall be eligible for election as a mem
: Der 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 ruiz 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
completely. to lquidate the affairs and to
distribute the proceeds. it 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 :y vote of
{ three fOurthS of the shares of the total
- amount of stock at a meeting convened for
n that purpose after ten days notice in writ
ing mailed to the address of each stock
holder.
Thus done and passed mt my notarial
office in the city of New Orleans. state of
= Louisiana on the day. month and year
2 first above written in the presence of John
T. sullivan and Mark X. Neuhauser com
petent witnesses. who have hercuntO signed
= ! their names together with appearerS and
my notary, after due reading of the
: whole.
Frank +. TOye. 1jif LeCa street, q
| shares: Joseph Toye 1914 Dumaine street
20 shares; John -. TOya. per f. T. TOye
i 43li Dumaine street. ~ shares Paul TOye
= 1914 Dumaine street 10 shares: George \
Toye. 43li Dumaine street. 20 shares.
. Witnesses:
: John II. sullivan
NJ X. NewhauSer.