The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-03

business in fruit and produce. and other ar
tcles, In all its branches; 10 advance mo
ney on consignments whether sent under
contract, or otherwise, and to take all steps
needful and proper to secure all such ad-
vanceS.
ARTICLE III.
The capital stock of this corporation Is
hereby fixed at the sum of fifty thousand dol
lars 1850, 900 0OD, to be represented by two
thousand (2,00OD shares of the par value OF
$500 each, payable in full at the time OF
be paid for as called for by the board of
directors. The board of directors shall have
the right TO issue shares of stock only for
cash, services rendered merchandise. prop
erty or other valuable considerations as
they may see fit.
ARTICLE ".
The corporate powers Of this corporation
shall be vested in and exercised by a board
Of directors, seven "a in number, selected
from the stockholders of this corporation,
any four Of whom will constitute a quorum
for the transaction of corporate business
The first board Of directors under this char
JAG stitch, VI. E. Stitch, George W. DAWSON
Matt II. StOrk. Erickson Richards, Joseph
CangeloSi and Geo. II. Appel
Said board Of directors shall remain and
hold office for one year from the date of
their election. or until their successors have
been duly elected and qualified, which elec-
tiOn shall take place the fourth Tuesday in
March, 1914, and annually thereafter. The
the majority in amount of stockholders
voting whether present or by proxy, shall
elect the persons for whom they are cast.
Each share Of stock voted upon to be count
ed for one vote After the election Of the
board Of directors the said board shall elect
from their own number a president. vice
president and Secretary-treaSurer. The first
officers OF this corporation and Of the pres
ent board Of directors are as follows JAG
Stitch, president: George H. Appel vice
president and George W. Dawson, Secre-
tary-treaSurcr.
The board of directors shall give at least
ten days notice by mail of the election Of
directors, and shall appoint one or more
stockholders TO preside at such election
Any failure from any cause whatsoever TO
elect directors on the day named for that
purpose shall not dissolve this corporation
but the directors and officers then in office
shall hold over until their successors are
chosen and qualified.
The board of directors shall have full
power and authority 10 ill vacancies in
their number caused by death, resignation
or otherwise. The said board Is further
authorized to frame and adopt such by
laws, rules and regulations as the affairs
and business of the company may require
and 1t may deem necessary for the conduct
ing and management thereof. provided the
same does not conflict with this charter, and
the laws OF the state OF Louisiana, and those
of the United States.
ARTICLE V.
This charter may be amended modified
or altered or this corporation dissolved at
a general meeting of the stockholders con-
vened for that purpose. with the assent of
the majority of the stock which may De
issued, present or represented at such meet
ing Thirty days notice by mail shall be
given OF such meeting in case of dissolu-
tiOn or termination Of this corporation. the
liquidation of its affairs shall be conducted
by three commissioners selected in like man
ner and by like vote and assent al a meeting
of the stockholders called as above for that
purpose.
ARTICLE VI.
No stakeholder shall ever be liable or re-
spOnslble for the debts, contracts or faults
of this corporation for any further sum
than the unpaid balance due on the shares
OF stock subscribed for or owned by him !:
nor shall any infOrmality in the organiza-
ton have the effect OF rendering this char
ter null, or of exposing a stakeholder to any
liability beyond the amount of the unpaid
balance on his subscription TO the stock.
ARTICLE VII.
Should any stakeholder or stock owner
desire 10 sell or dispose of all or any part
of said stock or relinquish his interest in
the corporation or desire to terminate or
dissolve the same he shall first tender such
stock for purchase to the other stockholders
and the other stockholders shall have the
preferred right for sixty days to purchas
the stock so rendered at the price shown by
the books of the company. All stock issued
or TO be issued shall be subject to the fore
ARTICLE VIII.
The capital stock of this corporation may
be increased or decreased on complying with
the requirements OF the law. and with such
bylaws as may be consistent with the law.
as may be hereafter adopted by the board
of directors.
ARTICLE IN.
This corporation shall be a going concern
and be authorized To do business under this
charter as soon as the sum of five thousand
dollars tS5.O0OOOD shall be subscribed for.
Thus done and passed in my office on the
day and date, first above written in the
presence of MesSrs. L. \. Schuber and Will
liam ConkertOn, both competent witnesses,
domiciliated in this city, who signed thees
presents, together with the said parties and
me- notary. after a due reading of the
whole, the parties heertO also affixing oppO-
site their names their respective subScrip-
tons to the capital stock of this corpora
tiOn which shall constitute the original sub
scriptlOn list of stock subscribed in this
corporation.
Original signed: Names of subscribers
Witnesses: L. A Schuber, VIM. Con
kertOn.
EDGAR NJ Calm, Not. Pub.
State of Louisiana, Parish of Orleans
l. the undersigned, recorder of mortgages
of the parish of Orleans, aforesaid, do here
by certify that the above and foregoing act
of Incorporation OF the Union Fruit Auc-
tiOn Co. was this day recorded in my office
in book loss, folio -.
Witness my hand and official seal this
day Of April, 1918.
(SignedI EMILE LEONARD, by. Il.
l. the undersigned, do hereby certify that
the foregoing is true and correct copy of
the act of Incorporation and certificate of
the recorder of mortgages thereto attached.
of the Union Fruit Auction Co., with the
exception Of the subscribers whose names
and subscriptions are omitted.
New Orleans, La, April l, 1913.
EDGAR NJ Calm,
apr 3 10 IL "A may 8, 1913