The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-14
CHARTER OF FREDERIC \. DUGGAN
CO, INC.

United States of America State of Lou
iSiana, Parish of Orleans. City of New Or
leans. BE it known, That on this. the
LIST day of the month of October. in the
year of our Lord one thousand. nine hun
dred and twenty. and of the Independence
of the United States of America the one
hundred and forty fourth, before me,
Charles +. Flctchinger. Notary Public.
duly commissioned and qualified in and
for the Parish of Orleans. State OF Lou
siana, therein residing, and in the pres
ence of the witnesses hereinafter named
and undersigned. personally came and ap-
pcared the several persons whose names
are hereuntO subscribed, all being of the
full age of majority, who severally de
clared that availing themselves of the pro-
visions of the laws of this State relating to
the organization of corporations, they have
contracted and agreed and do. by these
presents. contract and agree and bind and
ObhEate them selves, as well rs 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-
tons following, to-wit:
| ARTICLE 1.-The name of this corpora
| ton shall be- Frederic \ Duggan CO.,
Inc" and its domicile is hereby estab-
| liShed in the City of New Orleans, Parish
| of Orleans, State of Louisiana. and il shall
have and enjoy corporate existence for Il
period of ninety-nine years from the date
hereof, unless sooner dissolved. 1t shall
have the power to contract, sue and be
sued to make and use 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
! bonds; 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
conferred upon or may hereafter be grant
ed to corporations of the same kind and
character.
ARTICLE II.-All citations and other
IeEal process shall be served upon the
President or, in his absence or inability
TO act, upon the Secretary or Treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lzed and the nature of the business TO be
carried on by il are declared to be TO own
buy, sell, hypOthecate or otherwise alienat,
or incidental thereto: to enter into al
Qulre and operate vessels of any character
ana TO do general shipping, forwarding
proherage and insurance business; to dc
, ana undertake any and all things necessary
or lnCidcnta Thereto: to enter into al
contracts, agreements or engagements OF
incur any obligations connected with OF
appertaining TO said business or appropri
ate 10 its cffeCtual prosecution: to owl
Il
the same; TO establish agencies or branche,
az any place or places that the Board OF
directors deem advisable, and at the Oh.
non OF the Board to carry on any part
OF Its business and exercise any part al
its powers in other States of the Union
or in foreign countries
| ARTICLE IN.-Thc CAPITAL stock of thi.
corporation is hereby fixed at the sum OF
one hundred and forty thousand $40.
100000 dollars, divided into and repre-
scented by fourteen hundred G4OO) share,
of the par value of one hundred (SlOO) dol
lars each, all of which shall be common
| stock. The amount of capital stock NAV
be increased to two hundred thousand
$500 OOO.OOj dollars by a vote of two-third.
of all outstanding stock and according L
the laws of the State of Louisiana. Al
stock shall be issued for cash or its EQUIV.
alcnt or may be issued at not less thar
par for payment for property actually
! purchased or for services actually rendered
the corporation, or the same may be Is
sued full paid for money advanced or fol
such other valuable consideration or serv.
ices as the Board of Directors may de
| terInine. The corporation shall begin e
do business when fifty per cent Of the cap,
ital stock has been subscribed for and fifty
per cent of this subscribed capital paid
and the remainder of the capital stock