The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17

CHARTER
OF THE UNION FRUIT AUCTION 60.
United STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS.
CITY OF NEW ORLEANS. -
Be Ii known, that on this 14th Gay OF
the month of March. in the year of our
Lord one thousand nine hundred and thlr.
teen and Of the independence OF the United
States Of America, the one hundred ana
thirty-seventh. before me- Edgar Mayef
and qualified. in and for the city OF New
Orleans, parish of Orleans, state of IOuist.
ana, therein residing and In the presence or
the witnesses hereinafter named anu una itc
signed, personally came and appeared: the
parties whose names are hereunto SUD
scribed who declared, that availing them
selves of the provisions OF the laws or TINS
state relative to corporations, they have COW
enanted and agreed, and by these presents
covenant agree and bind themselves, rs
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 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 tne
on whom citation or other legal process
| shall be served, and said corporation shali
| exist and have and enjoy succession, under
its aforesaid corporate name. Tor the mi,
| 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
NAV hereafter be determined upon ; the same
| to break, alter and amend as might De
| deemed proper; to make and establish sucn
bylaws, rules and regulations for the proper
managemen and regulation OF the affairs oil
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
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: e..
To transact and conduct general auction
| business In fruit and produce, and other ar
| ticles, In all its branches; to advance mo
new 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 !:
| hereby fixed at the sum Of fifty thousand dol
| lars $3.50, 000.00), to be represented by two
thousand (2,000) shares of the par value o.
| So. 90 each, payable in full at the time o.
| Issuance of certificates, or said stock shall
be paid for as called for by the board o.
| directors The board of directors shall hav'
| the right to issue shares of stock only fo
| cash, services rendered, merchandise, prop
erty or other valuable considerations, al
| they may see fit.
| The corporate powers Of this corporation
| shall be vested In and exercised by boar'
of directors, seven 90 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, NJ. E. Stitch, George W. Dawson
1 Matt H. Stork Erickson Richards, JOSEPH
Cangelosi and Geo. Fl. Appel
Said board of directors shall remain an
hold office. for one year from the date Q
been duly elected and qualified, which cleo
ton shall take place the fourth Tuesday 4
March, 1914, and annually thereafter. TIL
election for directors shall be by ballot, an
the majority In amount OF stakeholder
! voting whether present or by proxy, shal
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 pre-:
ent board of directors are as follows: ia
; Stitch. president; George Fl. Appel, vice
president and George W. Dawson. secr'
tary-treasurer.
The board of directors shall give at leas
ten days notice by mail Of the election q
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 ths
purpose shall not dissolve this corporation
but the directors and officers then In. ONO