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

| tiI the next annual stockholders meeting.
but should ii be impossible from any
cause for any vacancy or vacancies IN tne
Board of Directors to be filled by the d.
| rectors such vacancy or vacancies may be
| filled by the stockholders at any meeting
called for that purpose by the president
ANY and all Directors meetings. the no
/ tees for which are not herein Specihcally
proyided for NAV he called by any OH
Ger of this corporation upon ten days no.
tice by mail. Any Director shall have the
right to authorize and appoint any share
! holder TO vote for him at any and all
| Directors meetings and such proxy shall
have and exercise all of the powers of
such Director appointing him. whenever
/ IL is provided in this act that either III
/ rpctors' or stockholders meetings may he
| held after certain prescribed notices TO
| the Directors or stockholders, II Is I'M
derstoOd and agreed that any and all ~
| rectorS and stockholders meetings may
| be held without notice. whenever lawful.
provided all Directors or stockholders. As
the case may be, waive notice IN writing
! or are present in person or 10y proxy ~
/ such meeting or meetings. The EOard o.
/ Directors shall have fun control of tn"
property Of this corporation and shall cor.
| duct manage and use the same rs in their
discretion they deem best. and that Is con
| siStcnt with the objects Of the company
and its welfare, and they shall have power
to make. alter and annul such bylaws.
rules and regulations as they may think
proper. They shall hav" the further right
and power to appoint such agents, clerks
and EMPLOYEES as they deem best and 10
fix their salaries, terms Of Office and th'
right 10 dismiss them at said Boards
pleasure, and said Board shall hay" the
further right TO determine and Fix sal
aries. if any, OF the several officers herein
provided for.
ARTICLE YI-The first Board OF Direc-
tors and officers. who shall serve until the
annual meeting to be held on the first
Monday in October, 1921. or until their
successors are duly elected and qualified,
shall be: Joseph W. Cory. Hennen Bldg
New Orleans who shall be President: g.
f. puuklin. Butler Springs, Ala, who shall
be Vice President: L. 4. Methe. Hennen
Bldg. New Orleans, who shall be SeCrc-
tary- Treasurer: &. LanCShaw, Henn"u
Bldg. New Orleans; J. II. Cory, Mobile,
Ala
ARTICLE VII-This charter may be al
tered or amended and this corporation
may be dissolved by a vote OF twO-thirdS
Of all outstanding stock at meeting Of
the shareh oldcrs duly convened for that
purpose by the Board of Directors or by
the President upon the written request Of
not less than twenty five per cent OF the
outstanding stock. after fifteen days no
tiCe mailed to each shareholders last
known address But the capital stock of
this corporation shall not he decreased b.
such amendment to an amount less than
the corporate Indebtedness. and no amend
meut shall be made changing the objects
and purposes of this corporation without
vote OF all outstanding stock. and the
capital stock shall not be increased beyond
the amount originally uamcd aS the sum
TO which the capital NAV be increased. eN-
Cept by a vote of hrec-fOurths of all out
standing stock. Whenever in the judg-
mrnt of the Board of Directors il shall be
deemed advisable that this corporation
shall be dissolved. the Board shall within
ten days after the adoption Of Il resolution
TO that effect by n majority of the whole
Board at any meeting called for that pur-
pose. of which meeting each Director shall
have received at least three days notice.
cause notice Of the adoption of such reSO-
luton to be mailed to each stakeholder.
together with a notice of a meeting of the
stockholders to be held NJ the Office Of the
corporation, to act upon the resolution so
adopted by the Board. The stockholders
meeting shall be held AZ any hour fined
by the Board on the day mentioned, be
tween the hours of 10 q. III. and 3 D. m.
for the purpose of voting upon such pro-
posed dissolution. Whenever all of the
stuc kholderS shall consent in writing TO a
dissolution. no meeting or notice thereof
shall be necessary.
ARTICLE VIII.-Whenevcr this Corpor-
alton is dissolved. by limitation or other
wise. its affairs shall be liquidatcd under
the supervision Of three liquidators elect
ed by the stockholders and chosen from
among the stockholders which liquidatOrs
shall be elected at a meeting Of the share
holders convened for that purpose under
the terms and conditions of Article VII of
this charter.
ARTICLE IN-No stakeholder of this
company shall ever be held liable or re-
| SpOnsible for the contracts or faults of
this corporation in any further sum than
| the unpaid balance due on shares OF stock
| owned by him. nor shall any informally
| in organization have the effect of render
/ ing this charter null or of exposing any
stockholder to any liability beyond the
unpaid balance due on his stock. nor shall
any infOrmality or irregularity I'm O-gan-
ization have the effect of rendering any
| shareho older liable as a partner
Thus done and passed in my ONCE in
! the City of New Orleans. on the day,
month and year first hereinabOve written.
| in the presence of Salvador SchilleCi and
| Frances Eisler. competent witnesses who
hereuntO sign their names, with the said
! appearers and me, Notary, after due read
| ing of the whole. and the said appearers
| have hereunto signed opposite their names
the number OF shares of stock OF this cor
poratiOn subscribed for by them.
Original is signed: J. W. Cory, New
| Orleans La. 1923 shares; f. A. Methe.
New Orleans. La, l share; c. Langshaw
New Orleans, La, l share.
Witnesses: S. Schilleci, F. Eisler
CHAS. +. FLETCHINGER. Not. Pub
/. the undersigned, Recorder OF Mort
cages in and for the Parish of Orleans.
| State of Louisiana. hereby certify that the
above and foregoing charter of Frederic A.
| Duggan Co, Inc. was this day duly re
corded in my office in Book 1246. Folio 49,.
| New Orleans, La, Oct 9Th, 1920.
! (Signed) EMILE j. LEONARD. d. r.
hereby certify the above and foregoing
| to be a true and correct copy of the orig
| inal charter of Frederic A. Duggan Co.
| Inc. now on file and of record in my
Office.
As witness my hand and notariaI seal
at New Orleans, La, this End day of DC
| tOber, 1870.
| (Seal)
CHAS. F. FLETCHINGER, Not Pub.
| Oct. i-NOy. Is.