The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
4 HiRTEis oil
nIE,g, N INC

DtGHAN. INC.
Cnitrd States OF America. state of Loui>i- .
ana. Parish OF orleans, City OF New or .
leans.
BE it known that on this second day .
OF tur mou'h OF April in the year one
nine hundred and nineteen. be I
fore me. John L. Upton. Notary Pub ,
lie in aud Tor this city Jnd the Parish /
of Orleans. State of Louisiana, therein
residing, duly commissioned and qualified, /
ami in the PRESENCE OF the witnesses here .
matter named and Undersigned, personally /
came and appeared: The several persons I
whose names are her"uutO subscribed. who I
declared to me-, Notary, that availing
themselves Of the provisions of the laws
OF this State relative to the organization
OF corporations. and NOR" especially OF
Act pa OF 1914. they have cOyrnaHtrd
and agreed. and hy these presents do
Ovenaut and agree for them>r Ives. their SUE
cr>~Or> and assigns. to form themselves
into corporation and body polite, for
>upulatlOHS hereinafter Srt-forth. tO-wit I
ARTICLE 1.-The name and title OF
TINS corporation shall be nug"an,
Inr., ami under such title it shall have
and enjoy succession and existence for It
period of ninety nine years from this
date, unless sooner dissolved, it shall
have power ana authority 10 contract
sue and bc sued; TO make ard use Il
break at pleasure: to have, hold. buy, sell
lease. mortgage and hypOthecdtc or
pledge property. real personal or mixed.
necessary. proper or incidental for the
to issue bonds or notes secured by such
mortgages; TO make and issue notes and
other certificates of indebtedness; to
name. elect and appoint managers. direc-
properly conduct its corporate business.
ami 10 make such bylaws. rules and regu-
latiOH> H. may he necessary or found de
airablr for the management of its bust
arau d
every other act. matter or thing nee
es>ary or found desirable for the com
plrte and proper carrying out Of said
ARTICLE 1.-THE domicila of this
corporation shall be in the City of New
Orleans. in the Parish of Orleans. State
OF Louisiana. where ali citations or other
legal process shall be served upon the
President or in his absence on the Vice
President and in the absence of both
on the Secretary Treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation il or
GaniZed and the nature OF the business
10 he carried on by il are hereby de-
clared ana stated to be: To buy. sell and
deal in general merchandise of every kind
and character. and TO DO general mer-
cAaudi>c business. including that of buy
ing and selling on Il commission basis
and for itself: TO do n general importing
and exporting business, both domestic
and foreign; TO buy and sell, on a COM
mission basis or otherwise. and to con-
tract for and construct refrigerator plants
or refrigerator units; to build, own, lease
and operate stOrr-rOOmS or warehouses
for the storage of goods. or cold storage
purposes to store merchandise of all
kinds in such stOre-rOOms or warehouses
for itself or others, and to make reason
abb" charges for service in storage Of
goods; to issue receipts in exchange for
goods stored, and TO dispose of said
goods for account of the owner thereof
upon their failure to comply with the con-
ditiOnS of the storage contract; to make
loans on goods stored either in the store
rooms or warehouses of the corporation
or others and to issue notes and other Sc
curitieS in the purchase of goods or prop
erty: to represent others as agent or
otherwise in the same or similar lines of
business; to act Is manufacturers agent
and to receive and sell goods on cOnsign-
ment: TO acquire and own stock in other
corporations; and generally, do and per
form any and all things necessary. de-
Sirable or convenient TO carry out said
/ objects and purposes.
! ARTICLE IV.-The capital stock of
this corporation is hereby fixed at Ten
thousand (Sl0.000.O0D Dollars, divided into
one hundred G00D shares of the par
value of one hundred (SlOOOO Dollars
each; provided. that the amount to
which the capital stock of this corpora
ticn may be Increased shall be Fifty
thousand (Sj0.0OO00J Dollars. Fifty 600
shares. or Five thousand (SJ000.00l Dollars
of the capital stock of this corporation
the articles of incorporation. The sub
. Scribed capital stock of this corporation
. shall be payable in cash, property trea
or PERSONAL. or fer labor and services
rendered and performed. No stOckhOldel
shall ever be ned liable or responsible
for the faults. contracts or debts of this
corporation in any further sum than th'
unpaid balance due the corporation oil
the shares of stock subscribed by him
nor shall any mere informality in organ
izatiOn have the effect of rendering thi
charter null. or of exposing any stock
holder TO any liability whatever. Thi
corporation shall not engage in business
until Five thousand (S500O00) dollars. o
fifty (J0) shares of the capital stock shall
have been issued and actually paid in
either in cash, property or services render
ed as aforesaid. If any of the stock o
this corporation is exchanged either il
whole or i'll part for property or good
will, the provisions of Section OF Ac
261 of 1914 shall be complied with strictly
ARTICLE V.-All the corporate power
of this corporation shall he vested in AM
exercised by Board of Directors com
posed of three stockholders, each o
whom shall own in his own right. durini
his term of office at least one full pai'
share of stock, two of whom shall con
stitute Il quorum for the transaction o
all business. The officers of this corpora
ton shall consist of a President, wee
President and Secretary Treasurer, al
of whom shall be members of the Boar
OF Directors. The following named per
SOILS SHhll CONSTITUTE lne llTNl bodIh "
Directors. tO-wit: Thomas ]. Duggan, resi-
dence, 1917 Sixth Street, business address
$40 Baronne Street, New Orleans. La.
Edward p. Joyce. 337 Hillary Street, NeN
Orleans, La; James l.. Pagaud, 16L
Thomas J. Duggan. President; Edward
Joyce, Vice President and james l.
Pagaud Secretary Treasurer, and thes
directors and officers shall hold .Offic
until the second Monday of April 1926
or until their successors are duly electe
and qualified. Thereafter the director
shall be elected annually on the secOn
Monday of April of each year. beginnin
I with 1920 all elections of directors sha
; be by ballot, and each shareholder sha
, be entitled to one vote for each shar
of stock standing in his name on tn
) books Of the corporation this vote to
cast in person or by written proxy, an
it shall require a majority of the stoc
[ present or represented to elect. Failur
l to hold an election for Directors on ia
, second Monday of April 1920, or annual
thereafter, shall not work a forfeiture Q
: this charter. but the old Board of DireC
| tors shall remain in office until thel
successors are duly elected and qualified
? ARTICLE VI.-The Board of Director
4. shall hold regular meetings at such time
as shall be fixed in the bylaws OF TN
corporation. These meetings shall be hel
M the dOmicle Of this corporation. bu
: the President may call special meeting
g of the Board of Directors at such time
he required to call such meetings at I'll
e request of a member of the Board G
r Directors. Three days written notice
al rnaatiD.ys shall ne given