The herald., 1919-04-17
CHARTER OF
ID I,(,tN INC

thousand nine hundrtd ana nineteen, De
fore me. John X. Upton, Notary Pub
lie in and for this City and the PariSI
of Orleans. State of Louisiana, thereiI
residing. duly commissioned and qualified
and i'll the presence of the witnesses here
matter named and undersigned. personally
came and appeared: The several persons
whose names are hercuntO subscribed, VIII,
declared to me Notary, that awaiting
themselves of the provisions of the laws
OF this State relative to the organization
of corporations, and more especially oi
Act 2J1 of 1914, they have covrnanted
and agreed. and by these presents dc
ovenant and agree for themselves. their sue,
c"SSOFS and assigns, to form themselves
into corporation and body polite, foI
the objects and purposes, and under thu
| StipulationS. hereinafter Set-fOrth, tO-Wit
! ARTICLE 1.-The name and title OF
this corporation shall be nuggan
Inc, and under such title it shall have
and enjoy succession and existence for Il
period of ninety nine years from this
date, unless sooner dissolved; ii shall
have power and authority to contract
sue and be sued; to make and use Il
corporate seal, the same TO alter and
break at pleasure; to have, hold buy, sell
! lease, mortgage and hypOthecate OF
pledge property, real personal or mixed
| necessary. proper or incidental for the
| carrying on of its business, as well a>
to issue bonds or notes secured by such
| mortgages, to make and issue notes and
other certificates OF Indebtedness; tC
name. elect and appoint managers, direc-
tors, clerks and other employees tC
! properly conduct its corporate business
and to make such bylaws, rules and regu-
lations rs may be necessary or found de
Srablc for the management of its bust
ness and affairs, and generally to dc
| every other act. matter or thing nee
| eSSary or found desirable for the com
plete and proper carrying out of said
| business.
| ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
Orleans, i'll the Parish of Orleans, State
| of Louisiana. where all citations Other
legal process shall be served upon tn,
| 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 is or
ganized and the nature of the business
to be carried on by it are hereby de,
clared and stated to be: To buy, sell and
deal in general merchandise of every kind
and character, and to do a general mer-
| chandiSc business, including that of buy
ing and selling on commission basis
and for itself; to do general importing
and exporting business, both domestic
and foreign; to buy and sell, on com
mission basis otherwise. and to con-
! tract for and construct refrigerator plants
| or refrigerator units; to build, own. lease
and operate stOre-roomS or warehouses
for the storage of goods, or cold storage
| purposes: to store merchandise of all
kinds in such stOrerOOms or warehouses
for itself or others, and to make reason
able charges for service i'll 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 agent or
otherwise in the same or similar lines OF
| business; to act as 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.O0) Dollars, divided into
One hundred 400 shares of the par
value of One hundred ($1OO0O Dollars
which the capital stock of this corpora
ton may be increased shall be Fifty
thousand (s50,000.O0) Dollars Fifty 600
shares, or Five thousand (SJ0O0OO) Dollars
must be subscribed before the filing of
| the articles of incorporation. The sub
| scribed capital stock of this corporation
shall be payable in cash, property treal
or personaD, or for labor and services
rendered and performed. No stakeholder
shall ever be held liable or responsible
for the faults, contracts or debts of this
corporation in any further sum than the
unpaid balance due the corporation on
the shares of stock subscribed by him.
nor shall any mere infOrmality in organ
| ization have the effect of rendering this
charter null, or of exposing any stock
holder to any liability whatever. This
corporation shall not engage in business
until Five thousand (S50O0O0) dollars, or
fifty 600 shares of the capital stock snail
have been issued and actually paid in
7 Oh. .nrtx- al
ed as aforesaid. If any of the stock OF
| this corporation is exchanged either In
whole or in part for property or good
will, the provisions of Section 3 OF Act
267 of 1914 shall be complied with strictly
| ARTICLE V.-All the corporate powers
of this corporation shall be vested in and
! exercised by a Board of Directors com
posed of three stockholders, each OF
whom shall own in his own right, during
his term of office at least one full paid
share of stock, two of whom shall con
stitrte a quorum for the transaction oil
all business. The officers OF this corpora
ton shall consist OF a President. Vice
President and Secretary Treasurer al
| of whom shall be members of the Board
of Directors. The following named per
sons shall constitute the first Board OF
Directors, to-wit: Thomas J. Duggan. resi-
dence. 1547 Sixth Street. business address
$40 Baronne Street, New Orleans, La
Edward p. Joyce. 337 Hillary Street. New
Orleans s La James orleans rasaSa' With sft
Thomas J. Duggan, President; Edward T
Joyce. Vice-President and James l.
Pagaud, Secretary Urea surer, and these
directors and officers shall hold Office
until the second Monday of April 1920
or until their successors are duly elected
and qualified. Thereafter the director:
| shall be elected annually on the second
Monday of April of each year. beginning
with 1920 all elections Of directors shal
he by ballot and each shareholder shall
be entitled TO one vote for each share
of stock standing in his name on tht
books of the corporation. this vote TO Dt
cast in person or by written proxy, and
IL shall require a majority of the stocI
present or represented to elect Failure
| to hold an election for Directors on TN
second Monday of April 1920, or annually
thereafter. shall not work a forfeiture Of
this charter, but the old Board of Direc
tors shall remain in office until theil
successors are duly elected and qualified
i ARTICLE VI.--The Board of Directors
shall hold regular meetings at such time'
as shall be fixed in the bylaws of Thu
corporation. These meetings shall be helC
at the domiciIe of this corporation, bu
the President may call special meeting
of the Board of Directors at such time
as he may deem advisable. and he shall
be required to call such meetings at tn
request of member of the Board o
Directors. Three days written notice o
such special meetings shall be given Z
the Directors, unless waiver of sucl
notice is signed by the Directors. An