The herald., 1920-10-21

tSIEnedD EMILE LEONARD. by r.
\ true copy jSealJ
CHARLES ROSEE. Not. Pub
oct II Nov. Is.
CHARTER OF FREDERIC A. DUGGA,
CO. INC.
United States Of America. state Of Lou
iSiaua, Parish of Orleans City of New or
leans. Il" il known. That on this, IN
lNt day Of the month Of October in IN
year Of our Lord one thousand. nine hun
drrd and twenty, and of the Independence
OF the United States of America the on
hundred and forty fourth before IN,
| charles r. FlrtchinEer Notary Publ,
| duly commissioned and qualified in am
! for the Parish of Orleans. State OF Lou
| lslana. therein residing, and in the pres
| enre of tn" witnesses hereinafter name,
| and undersigned. personally came and ap
| p"ared the several persons whose name
| are hereuutO subscribed. all being of m,
| full az" of majority. who severally de
clar"d that aVailing themselves of the pro
visions of the laws of this State relating I,
| the organization Of corporations, they hay,
contracted and agreed and do. BY thes,
presents, contract and agree and bind and
OblEate them selves, as well as all suCl
other persons as may hereafter becom,
aSSOciHted 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 A. Duggan co,
Inc, and its dOmiCile IL hereby estab-
!iShed in the City of New Orleans Parish
Of Orleans, State of Louisiana. and il shall
nave and enjoy corporate existence for a
period OF ninety min" years from the date
hereof. unless sooner dissolved. Ii shall
have the power to contract. sue and he
"A a. am ftlA
the same to break or alter at pleasure: TO
purchase. lease. hold. mortgage pledge
sell or transfer under its corporate name
AT property of every kind. real or per
sonaI' to make and endorse bills of cX-
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 10 corporations of the same kind and
character.
ARTICLE II.-All citations and other
legal 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 DUR
poses for which this corporation is organ
lied and the nature of the business 70 no
carried on by it are declared to be to own.
BUY. sell, hypOthecate or otherwise ALLEVIATE
or incidental thereto; to enter into all
qulre and operate vessels of any character
ana to do general shipping. forwarding,
prokerdge and insurance business: to do
and undertake any and all things necessary
or lncidenta Thereto; to enter into all
contracts, agreements or engagements or
incur any obligations connected with or
to said business or appropri-
ate to its effeCtual prosecution: TO own
stock in other corporations and 10 vote
the same: to establish agencies or branches
~ any place or places that the Board of
directors deem advisable. and at the on
non OF the Board to carry on any part
u It's business and exercise any part of
rs powers in other States of the Union
'r in foreign countries
ARTICLE lk.-The capital stock of this
corporation is hereby fixed at the sum of
me hundred and forty thousand (S14O,-
OOO) dollars, divided into and renra
ented by fourteen hundred l4OO) shares
II the par value of one hundred (S1OO) dol |
airs each, all of which shall be common |
tock. The amount of capital stock may |
" increased to two hundred thousand |
2OOOOOO) dollars by a vote of two-thirds
i all outstanding stock and according to
ne laws OF the State of Louisiana All
took shall be issued for cash or its equiv
lent or may be issued at not less than
ar Tor payment for property actually
or for services actually rendered
he corporation. or the same NAV he ia
ued fuli paid for money advanced or for
nch other valuable consideration or sery-
'es as the Board OF Directors may de-
hrmine. The corporation shall begin TO
o business when fifty per cent of the can
al stock has been subscribed for and fifty
or cent OF this subscribed capital paid l.
M the remainder of the capital stock
hhll De issued ut such times and upon
lch terms and conditions as the Board of
'lrectors shall determine subject TO legal
equlrements. All stock shall be fuII maid
M non accessible, and no transfer of
tock shall be- binding upon the company
mess recorded upon the companys books.
ARTICLE N.-The business and affairs
this corporation shall be managed and
ohducted by Board of five Directors
mo shall be stockholders The maiority
Tue directors of this corporation pres
ut AZ any meeting in person or by proxy
nah constitute a quorum, and a majority
tmose present in person or by
IoNy shall decide all questions voted up
H. said Directors shall be elected an
,udilS from among the stockholders on
ne nrst Monday in October of each wear
nIesS the same shall be a legal holiday
aT, one eItction shall be held on the
eNt regal day thereafter. beginning on
ne nrSt Monday in October 1920 and after
it'fh Gays prior written notice having I
cen mailed TO each stakeholder of record
ms last known address The voting
nan be by ballot, and each stockboIdar
nall be entitled to cast one vote Tor eocb
hdrr heid by him which has been stand
is IN ms name on the books of tho cor
oIdtloh LOT at least ten days prior to tn
ate or the election. 4 majority OF the
ntire stock issued and outstanding voted
! such election shall elect Immediately
lter the election Of said Board of Dirpc-
>rs ana the adjournment of the stock ,
olders meeting. the newly elected Rosrd
Directors shall elect from among their
lumber the officers of this corporation
no shall be President, a Vice President
Secretary and n Treasurer The offices
Secretary and Treasurer NAV be held
y the same person. The failure to elect
lrectorS or officers as herein provided for
lall not result in the dissolution of the
'rporation, but the then Board of hi. -,
Ttors and officers shall hold their re- |
'ectiVe Offices until their successors are
lly elected and qualified. Special meet
rs OF the shareholders may he held {
men ordered by the Board OF Directors {
Id must be held upon the request of not S
$ IMAM twenty-five per cent of the out
anding stock after fifteen days written I
'tlce TO each stakeholder stating the OBJ ;
CT or objects of said meeting. Any va [
hcy occurring on any Board of Direc- I
RS shall be filled by the remaining mem .
RS Of said Board for the unexpired term r