The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-07
CHARTER

OF LOWINSOHN 4 FEITEL COMPANY,
INCORPORATED.
UNITED STATES OF AMERICA: STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE Ii known, that on this the hfth day
of the month Of November, in the year OF
our Lord one thousand nine hundrea ana
twelve and of the independence Of the
United States Of America, the one hundred
and thirty-seventh, before me, Alexis Brian,
a notary public duly commissioned and quail
itied within and for the Parish Of Orleans,
State Of Louisiana, and in the presence OF
the witnesses hereinafter named and under
signed, personally came and appeared the
several persons whose names are hereunto
subscribed who severally declared that,
avaiIing themselves of the benefits and pro
visions of the laws and constitution or the
state of Louisiana relative TO Inc organ,
cation OF corporations, they have formed
and organized and do by these presents, form
and organize themselves, as well as all sucn
other persons who may hereafter join or
become associated with them, or their sue
cessOrs, into a corporation for the ODJects
and purposes and under the covenants, stlp-
ulations and agreements following, tO-Wlt :.
ARTICLE l.
The name and title of this corporation
shall b, '-IOwinsohn K Feitel Company, In
cOrporated." and under said name, unless
sooner dissolved according TO Its charter, IL
shall exist and continue and shall nave ana
enjoy corporate existence Tor a period OF
ninety-nne (99D yeasr from and after the
date of this act. 1t may have, hold re-
ceive borrow loan, exchange, acquire. pur-
chase sell. ALLEVIATE, convey, lease, pledge
pawn, hypothecate. encumber or mortgage
DrOperty of any kind, whether real, per-
sonal or mixed, corporal or incorporeal
movable or immOvable; Ii may make, issue
and endorse bonds and notes and other ev1
dence of debt: il may accept mortgages,
pledges or other forms Of security for money
loaned or other debts Ii may contract, sue
and be sued, plead or be impleaded, and may
make, adopt and Use corporate seal IL
INF nd Gtl
gers directors, officers agents and other
employees as its interest and convenience
may require and may make and estaDllSn
such bylaws, rules and regulations iOr the
proper management and control or It's ar
fairs as may be necessary and proper ana
generally shall possess all the powers,
rights. privileges and immunities which cor
porationS are and may hereafter be author
lied to possess under the constitution and
laws OF this state.
ARTICLE IL.
The domiclle of this corporation shall be
In the city of New Orleans, Parish OF Or
leans, State of Louisiana, and all citations
and other legal process shall be served upon
the president or in the event Of his absence
upon the vice-president, or in the event OF
the absence of both Of said officers upon the
secretary trea surer of said corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is formed are hereby declared
to be a general business corporation and
Ii Is organized to carry on the business or
jewellers and opticians or any other business
not prohibited by law: to deal In jewelry and
optical goods generally, and apparatus for
carrying on the business of opticians; TO
manufacture. buy, sell, import and export,
deal in and deal with goods. wares and mer-
chandise Of every class and description, and
In particular watches and parts thereof, in
Guiding both movements and cases, jewelry
and gold and silver generally; eye glasses,
opera glasses, field glasses and magnifying
lens for all purposes; canes, umbrellas, and
any articles of gold, silver, glass and leather
ware, and novelties of all kinds and any
other articles that may be conveniently dealt
in In connection Herewith.
ARTICLE Nv.
The authorized capital stock of this cor
pOration Is hereby fixed at the sum OF ten
thousand dollars (S10,O00OO), divided into
two hundred shares of the par value of fifty
dollars $3.50 each, and this corporation
shall commence doing business only when
four thousand dollars of the said stock shall
have been subscribed for Said capital stock
shall be full paid and worcestershire when
issued and shall be issued only for cash or
in payment for property movable or immo-
vable, actually purchased by, conveyed to
and received by said corporation or for labor
done or services rendered.
No transfer Of said capital stock shall be
upon this corporation unless re-
on the books thereof and made pur-
10 and in accordance with its charter
laws. No stakeholder may offer for
assign or transfer his stock in this
corporation without giving to the other
Intention, which notice shall be given in
writing TO the president who shall there
upon Immediately communicate said notice
In writing TO each and every stakeholder of
record. in the manner set out In Article V
for notice of stockholders meetings and the
other stockholders shall have the first priv
ilege of purchasing said stock or any part
thereof at the book value thereof for pc
riod Of ninety days from the delivery Of said
notice to the president, after which ninety
days said stock may be sold in open market
In the event that the other stockholders
avail themselves Of the said ninety day priv
ilege and the demand should be for more
shares than are offered for sale, the stock
holders desiring TO buy shall be entitled 70
purchase upon the pro rata basis of the stock
already standing In their respective names
on the books Of the company.
ARTICLE V.
The business and affairs of this corpora
ton shall be managed and conducted by, and
all the corporate powers thereof shall be
vested in and exercised by a board of three
directors to be elected from among the stock
holders of the company. The entire board
present, either In person or represented by
proxy, shall be necessary TO constitute a
quorum Of the board provided that II at any
meeting quorum be not present. two direc-
tors present In person or represented by
proxy, shall constitute quorum at the
next meeting.
Until the first Monday in April, 1913, or
until their successors are duly elected quail
flied and installed, the directors Of this cor
pOratiOn shall be composed OF Jules ID. Eel
tel as president. Theodore Lowinsohn as
vice-president and Milton NJ. Feitel as sec
retary-treasurer. On the first Monday in
April, 1918, and semi-annually thereafter.
to-wit: on the first Monday in October and
the first Monday In April OF each year. a |
meeting Of the stockholders of this corpora |
ton shall be held at its domicile for the |
purpose Of electing directors for the ensu- |
ing term Said election shall be by ballot |
and the stockholders receiving a majority |
of the votes cast shall be declared elected |
A failure from any cause whatsoever to hold
this said semi-annual meeting or failure to
elect directors on the day above specified,
Directors and officers then In office shall hold