The herald., 1913-04-24
CHARTER

CHARTER
OF THE UNION FRUIT AUCTION co
| UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be Ii known, that on this 14th day OF
the month of March, In the year of our
teen. and of the independence of the United
| States OF America, the one hundred and
thirty-seventh, before me. Edgar Mayer
Calm, notary public: duly commissioned
| Orleans, parish OF Orleans state of IOuisi
ana, therein residing and In the presence OF
the witnesses hereinafter named and under.
| signed, personally came and appeared: the
scrfbed, who declared. that availing them
selves of the provisions of the laws Of this
state relative to corporations, they have COW
enanted and agreed, and by these presents
| covenant, agree and bind themselves, Is
well 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 stipulations 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
yice-president, shall be the proper person
on whom citation or other legal process
exist and have and enjoy succession, under
Its 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
bylaws, rules and regulations for the proper
management and regulation of the affairs of
said corporation as may be necessary and
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 we'll as to mortgage and
nypothecate, under Its corporate name, prop
erty both real ard personal
ARTICLE II.
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.
vances.
ARTICLE III.
The capital stock Of this corporation Is
hereby fixed at the sum OF fifty thousand dol
lars (s5O,0O0.00), to be represented by two
thousand (2,000) shares OF the par value of
5000 each, payable In full at the time of
issuance OF certificates, or said stock shall
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 At.
ARTICLE w.
Inc corporate powers Of this corporation
snail be vested in and exercised by board
or directors, seven ca In number, selected
from the stockholders of this corporation,
any four OF whom will constitute a quorum
Tor the transaction Of corporate business.
The first board of directors under this char
ter Is as follows:
JAG Stitch, NJ. E. Stitch, George W. Dawson,
MATT ii. Stork, Erickson Richards, Joseph
Cangelost and Geo. Fl. Appel.
Said board of directors shall remain and
hold office for one year from the date of
their election, or until their successors have
oeen duly elected and qualified, which cleo
ZION shall take place the fourth Tuesday In
Marcn, 1914, and annually thereafter The
eiection Tor directors shall be by ballot and
the majority In amount OF stockholders
voting whether present or by proxy, shall
eject the persons for whom they are cast
Each share Of stock voted upon to be count
ed Tor one vote. After the election of the
BOARD or directors, the said board shall elect
1 ron their own number a president. vice
PRESIDENT and secretary-treasurer. The first
ofhcers Of this corporation and of the pres
mt board Of directors are as follows: lac
stitch, president; George H. Appel. vice
The board Of directors shall give at least
ZEN days notice by mail of the election of
directors, and shall appoint one or more
'tockhoiders to preside at such election.