The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04

CHARLES ROSEN, Not Pub
Oct. II Nov. Is.
CHARTER OF FREDERIC A. DUGGA,
CO., INC.
United States of America. State of Lou
isiana, Parish of Orleans. City of New Or
leans. Re it known, That on this. tn
LIST day OF the month of October. in th
year OF our Lord one thousand, nine hun
dred and twenty, and of the Independence
of the United States of America the on
hundred and forty-fourth. before Inc
| Charles F. FletChinger, 4 Notary Public
duly commissioned and qualified in an,
for the Parish of Orleans, State of Lon
| lsiana, therein residing, and in the pres
ence of the witnesses hereinafter name,
and Undersigned. personally came and ap
Peared the several persons whose name
are hereunto subscribed, all being of tn,
| fun age of majority, who severally de
clared that availing themselves of the pro
| visions of the laws Of this State relating Il
the organization of corporations, they hay,
contracted and agreed and do, by thes,
presents, contract and agree and bind and
obligate themselves, as we'll as all such
other persons as may hereafter become
associated with them, to form and consti.
tute corporation and body polite in
law for the purposes and objects and un-
der the stipulations, articles and condi-
tions following, to-wit:
ARTICLE 1.-The name Of this corpora-
ton shall be Frederic A. Duggan Co.
Inc" and its domicile is hereby estab-
ished In the City of New Orleans, Parish
or orleans, State of Louisiana, and il shall
have and enjoy corporate existence for a
period or nlnety-nine years from the date
hereof, unless sooner dissolved. II shall
nave the power to contract, sue and be
SUED; TO make and use a corporate seal
the same to break or alter at pleasure: to
purchase. lease, hold, mortgage, pledge
sell or transfer under its corporate name
all property Of every kind real or per-
sonal; to make and endorse bills of ex.
change and promissory notes and to issue
ponds; to make all necessary rules and
regulations for its corporate management
and control, and to enjoy all the rights
privileges and immunities which are now
upon or may hereafter be grant
60 10 corporations Of the same kind and
character.
ARTICLE II.-AIl citations and other
legal process shall be served upon the
PRESIDENT. or, in his absence or inability
10 act, upon the Secretary or Treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
zed and the nature Of the business TO be
'arrled on by 1t are declared to be TO own,
)uy, sell, hypothecate or otherwise ALLEVIATE
'r incidental thereto; to enter into all
lulre and operate vessels of any character
md to do general shipping, forwarding, |
brokerage and insurance business: to do
mo undertake any and all things necessary |
II lncidenta Thereto; to enter into all |
ontracts, agreements or engagements, or |
ncur any obligations connected with or |
to said business or appropri-
te to its effectual prosecution; to own |
tock In other corporations and TO vote
he same : to establish agencies or branches
{ any place or places that the Board of
directors deem advisable, and at the op-
lon Of the Board to carry on any part
Z Its business and exercise any part of
. powers In other States Of the Union
in foreign countries.
ARTICLE IY.-The capital stock of this
orporation is hereby fixed at the sum of
ne hundred and forty thousand (sl4O-
Do.oOl dollars, divided into and repre-
ented by fourteen hundred (14O0) shares
I the par value Of one hundred (slOO) dol Il
lrs each, all of which shall be common
tock. The amount of capital stock NAV
e increased to two hundred thousand
s2O0OOOOO) dollars by vote of two-thirds
all outstanding stock and according to
lie laws OF the State OF Louisiana. All
ock shall be issued for cash or its equiv
lent or may be issued at not less than
ar for payment for property actually
nrchased or for services actually rendered
re corporation, or the same may be As
led full paid for money advanced or for
lch other valuable consideration or sery-
es as the Board of Directors NAV de-
rhine. The corporation shall begin to
business when fifty per cent of the cap :
al stock has been subscribed for and fifty
r. cent OF this subscribed capital paid.
ID the remainder Of the capital stock
lail De issued at such times and upon
zen terms and conditions as the Board of I
irectors shall determine subject to legal :
qulrements. All stock shall be full paid !
10 worcestershire. and no transfer of ;
ock shall be binding upon the company
ness recorded upon the company's books.
ARTICLE V.-The business and affairs
TINS corporation shall be managed and q
,,huueted by Board of five Directors.
no snail De stockholders. The majority &
;, 'a a. pirectors OF this corporation pres :
II az any meeting in person or by proxy {
iah constitute quorum, and a majority
'le OF those present in person or nv T
,oNy snsli decide all questions voted up {
nau' SAtu directors shall be elected an I
~, IRON among the stockholders ON 4
re nrst Monday In October of each wear r
1Iess the same shall be a legal holiday T
men the election shall be held on the Z
u tgsI DAY thereafter. beginning on 4
'teen ds Monosy IN October, 1920, and after I
,seen Gays prior written notice having
zen mailed to each stakeholder OF record c
MS last known address The votiro 0
lsn De by ballot, and each stockhoider a
'srs I s, emitted to cast one vote for each ?
are heid by him which has been stand p
= IN MS name on the books of the cor t
'tauv s Ior at least ten days prior to the 8
ne OF the election. majority OF The q
ere s'oSk issued and outstanding voted u
sun eIecuon shall elect. immediately
ter the election of said Board Of Dire, T
Is IS ana the adjournment of the stock q
igers meeting. the newly elected Board a,
directors snail elect from among their .
mper the officers Of this Corporation
=, y snail De a President. Vice President g
secretary and a Treasurer. The of3ces
secretary and Treasurer may be held n
the same person. The failure to elect 8
rsctors or ofncers as herein provided FOR ~
al not result In the dissolution of the ~
'poratien, but the then Board OF hi. =,
tors and officers shall hold their re. e e'
scuve onces until their successors are :,
" elected and qualified. Special meet
g OF the shareholders may be held =.
en- ordered by the Board Of Directors y.
must be held upon the request of not n
uhan twenty-five per cent of the ont -
noing stock after fifteen days written al
ice to each stakeholder stating the oh n,
or OBJECTS Of said meeting. Any va ar
~ occurring on any Board of Diree- IN
shaIl be filled by the remaining mem "
or said Board for the unexnired te-n, -