The herald., 1913-04-10
CHARTER
CHARTER
OF THE UNION FRUIT AUCTION co
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS

OF THE UNION FRUIT AUCTION co.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
Be it known, that on this 14th day OF
the month of March, in the year of our
Lord, one thousand nine hundred and thir.
teen, and of the independence Of the United
States OF America, the one hundred and
Calm, a notary public. duly commissioned
and qualified, in and for the city of New
Orleans, parish of Orleans, state OF Louist-
ana, therein residing and in the presence OF
signed personally came and appeared: the
parties whose names are hereunto SUBJ
scribed who declared, that availing them
selves of the provisions of the laws of this
state relative to corporal lions, they have COW
enanted and agreed, and by these presents
covenant, agree and bind themselves. IS
we'll as such other persons as may hereafter
become associated with them to from and
constitute a corporation and body polite in
law, for the purposes and objects, and under
the stipulatlons and articles and conditions.
following, to-wit
This corporation shall be known as the
Union Fruit Auction Co" and its domicile
shall be In the city of New Orleans, state
of Louisiana. The president of the board
of directors thereof, or in his absence the
on whom citation or other legal process
shall be served, and said corporation shall
exist and have and enjoy succession, under
it's aforesaid corporate name, for the full
term and peroid OF ninety-nine years from
and after the date hereof, and shall have
power and authority to contract, sue and
be sued in its corporate name, to make and
use corporate seal. with such device as
may hereafter be determined upon the same
to break, alter and amend as might be
deemed proper to make and establish such
bylaws, rules and regulations for the proper
management and regulation of the affairs of
sal as m
proper, and the same to change, alter and
amend at pleasure; to borrow money, make
notes, bonds or obligations and to pledge
its capital stock; to hold, lease, receive, pur-
chase and convey as well as to mortgage and
hypothecate, under its corporate name, prop
erty both real and personal.
ARTICLE III.
The objects and purposes for which this
corporation Is formed, are declared to be
as follows:
To transact and conduct a general auction
business in fruit and produce, and other ar
ticles, in all its branches; to advance mo-
ney on consignments whether sent under
contract, or otherwise, and to take all steps
needful and proper TO secure all such ad
yances.
The capital stock Of this corporation Is
hereby fixed at the sum Of fifty thousand dol
lars 1856, zoo. 00), to be represented by two
thousand (2,O0O) 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 fol
cash, services rendered, merchandise, prop
erty or other valuable considerations, a:
they may see fit.
ARTICLE ".
The corporate powers of this corporation
shall be vested in and exercised by board
of directors, seven ca 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
ter is as follows:
JAG Stitch, VI. E. Stich George W. Dawson
Matt II. Stork, Erickson Richards, JOSEPH
Cangelosi and Geo. III. Appel.
| Said board OF directors shall remain anC
hold office for one year from the date o.
their election, or until their successors hav,
been duly elected and qualified, which cleo
ton shall take place the fourth Tuesday II
| March, 1914, and annually thereafter. TIL
| election for directors shall be by ballot, AM
the majority in amount of stakeholder
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 tn
| board OF directors, the said board shall cleo
from their own number a president, vice
president and secretary-treasurer. The frs
| officers of this corporation and Of the pres
emit board of directors are as follows: ia
Stitch, president; George III. Appel. vice
president and George W. Dawson, secre
! tary-treasurer
| The board Of directors shall give at leas
| ten days notice by mail Of the election o
directors, and shall appoint one or NOR
| stockholders to preside at such election
Any failure from any cause whatsoever I
elect directors on the day named for tina
| purpose shall Dot dissolve this corporation
but the directors and officers then in offic