The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-03
CHARTER

OF THE LOUIS GoLDSTEIN 4 SONS
CO"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be II known, that on this 18th day Of
the month of March, in the year OF our
Lord, one thousand nine hundred and thlr,
teen, and of the independence or the Unlted
States of America, the one hundred ana
thirty-seventh, before me, Edgar Mayer
and qualified, in and for the City of New
Orleans, State of Louisiana, therein resid-
ing and in the presence of the witnesses
hereinafter named and undersigned person
ally came and appeared the parties whose
| names are hereunto subscribed, who de-
| clared that availing themselves OF the pro-
| visions Of the laws OF this state relative 10
! corporations, they have covenanted and
agreed, and do, by these presents covenant
and agree and bind themselves, as well as
such other persons as may hereafter become
associated with them, TO form and constr
tute a corporation, and body polite In law
for the purposes and objects, and under the
stipulations and articles and conditions, fol
| lowing, to-wit:
ARTICLE l.
| This corporation shall be known as the
| Louis GOldstein K Sons Co." and its domi
ellie shall be in the city OF New orleans
state of Louisiana. The president OF the
board of directors thereof, or in his absence
| the yice-president, shall be the proper per
son on whom citation or other legal pro
| cess shall be served, and said corporation
| shall exist. and have and enjoy succession
| under its aforesaid corporate name, Tor the
| full term of ninety-nine years from anC
| after the date hereof, and shall have power
| and authority to contract sue and he sueC
| in its corporate name, to make and use
| corporate seal with such device, as may
| hereafter be determined upon; the same e
| break, alter or amend as might be deemed
| proper; to make and establish such bylaws
| rules and regulations for the proper man
| agement and regulation of the affairs OF
| said corporation as may be necessary anC
| proper and the same to change, alter anC
| amend at pleasure; TO borrow money, MAKE
notes, bonds or obligations and to pledge
| its capital stock; to hold lease, receive
purchase and convey as well as to mortgage
| and hypothecate, under its corporate name
| property both real and personal.
ARTICLE II.
| The objects and purposes of this corpor
| alton are to conduct and transact the busl
ness of wholesale dealers in dry goods no
| tons, furnishing goods and other articles
to take over, acquire, succeed to and con
| duet the business and assets and good VII
| of the firm Of Louis GOldstein K Sons, OF
New Orleans, La, and generally to acquir,
/ and transact any other business incidental
TO or connected with the general objects
OF this corporation as herein set forth.
1 ARTICLE III.
| The capital stock of this corporation Il
|
thousand dollars $500, 100000, to be repre-
sented by one thousand 10000 shares o
| preferred stock of the par value OF one nun
| dred dollars (S100.0O) each, and one thou
| sand Il ,000) shares Of common stock of tn
par value Of one hundred dollars 100000
each. This corporation shall be goin;
concern as soon as sixty thousand dollar
i 1850, 000.00) of its capital stock shall hav
been subscribed for. The board OF director
shall have the right to issue common stool
for cash, or for services rendered, merchan
disc, property or other valuable considera
lions, enuring to the corporation as the
may see fit; but preferred stock shall onl
issue for cash payable at such times as IN
board of directors may call for same.
ARTICLE ".
The other conditions, limitations and pre-
visions under which preferred stock sha
be issued are hereafter enumerated
, The holders Of the preferred stock sha
be entitled TO receive out of the net profit
of the corporation fixed dividend Of seve
; % per cent, per annum payable quarterl!
viz: LIST OF January, April, July and 0ctC
, Der before any dividend can be paid or sc
aside on or for the common stock for tn
period heretofore elapsed The principe
or par value OF said preferred stock wit
cumulative dividends thereon at seven q
E per cent per annum from date dividen
, should have been paid and arrears of inte
: est on such dividends as hereinafter fixet
!, shall be paid in full out of the assets Of til
) company In preference to any of the con
5 mon stock, in the event OF the liquidation
(; this corporation from any cause, and befoI
: any distribution can be made of the capiti
4 among the holders Of the common stocl
, The dividends upon the preferred stock al
4 to be cumulative, and bear 6 per cent int
est from their maturity date, as herein pr
vided, compounded annually, so that II Il
s any period or periods the said dividen,
: are not paid, the right thereto shall cum
' late against the common stock; and all a
I rears Of such dividends so cumulated ar
d interest thereon as herein provided, must
q paid before dividends can be paid on Il