The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01
CHARTER

CHARTER
on .. X KNITTING MILLS, M,
STATE of Louisiana. Parish Of Orleans 'iy
r., If, tnr,,n. that ON this thrtic'h day OF
December. ~ the year one Thousand h'ny nun
drrd and thirteen. before me, Nllllaih MOI s"'
Harmon. notary public IN and Tor the par
- - Orleans. state OF Louisiana, duly COM
rr,,,lgu,t and qualified. and IN the presence
II m, witnesses hereinafter named ana nh
drr,rgncd. personally came ana appeared ".y
~. a, I1., name, are hrrruutO subscribed
In above the full age Of majority wh" sc',
orally declared that ava'ilng themselves ,O'
The provisions Of the laws "i lnis st1,e 10 T.
tive % the organization Of corporations u'eS
nav, formed and organized, and by these pres
rrt, do organize themselves into a corpora
ton and body polite IN law Tor inc opltSI'
and purpose, and under 'h' a''P"'"''''' 'O'
Article The name and title Of the cor,
poratiou shall be q X. knitting Mills. Inc
and its domicilc shall hc III the city OF Ne"
Orleans state Of Louisiana, and II shall nave
and enjoy succession by its corporate name
for a period OF thirty years from ana aiter
This corporation shall have power and au-
thority TO contract, and be sued IN ITS
corporate name. TO make and use corporate
zeal: 10 hold. receive, hire and purchase real
and personal property and TO sell, mortgage OF
pledge the same, and to borrow money and
issue bonds, notes, and other obligations;
All citations or other legal process snail De
served upon the president, and IN the event
Of his absence or inability to act from any
cause. the same shall be served upon the
secretary treasurer.
which this corporation Is organized. and the
nature Of the business 20 be carried on by II
are hereby declared to be: to manufacture,
buy, sell, export, import, and generally deal
IN sweaters. caps, leggingS gloves, mittens,
,hawls. and knit goods Of every KIND and de
>criptIOn.
Article III-Thc capital stock Of this cor
poration Is hereby fixed At the sum OF twenty
nyc thousand dollars, divided into and repre-
>rntcd by 80 shares Of the par value OF one
hundred dollars.
a. soon a. i've thousand dollars OF ITS cap
ital stock shall have been subscribed for.
Article IN.-All the corporate powers Of
tins corporation shall be vested IN and eNer-
cised by a board Of three directors, to be COM
posed OF stockholders, two OF whom shall con
stitutc 4 quorum for transacting all business
The board OF directors shall be vested with
full power and authority to make all contracts,
purchases, and sales, and adopt all bylaws,
rules, regulations for the governneut OF the
business and affairs of the company. and to
alter. amend and change the same At pleas
urc; appoint. hire, and discharge all officers,
agents and emloypees, nix all salaries and
generally do and perform all things necessary
in the transaction OF the business and affairs
Of the company. Any vacancy occurring IN
said board shall be filled by the stockholders
in the manner as provided for in the election
Of directors.
The first board of directors of this corpor.
alton shall consist of Nathan Orsher. Saul
kronengold and John Flint Carter, Jr. On
the second Tuesday in January. 1914, the board
Of directors will duly elect a president, vice
president and secretary treasurer; and until
such election any OF the above directors shall
be the proper officers upon whom citation or
other legal process may be served
On the second Tuesday in January, 1915
and annually thereafter. an election for d.
rcctors shall be held at the office of the com
pany, and the directors then elected shall
take their seats immediately and shall hole
office until their successors are duly elected
aud qualified Each board shall elect it,
own officers, which shall consist of a presi
dent. president. and a secretary treas
urer.
All corporate elections shall be by ballot
and a majority OF the votes cast shall elect
and each share of stock shall be entitled t,
one vote either IN persons or by proxy.
Written notice of elections shall be giveI
20 each stockholder by the secretary treas
urer at least 10 days prior to elections
Article N-This act of Incorporation ma,
be changed. altered, modified, or this cor
poration dissolved. with the assent OF three
fourthS OF the stock present represente,
AT any general meeting of the stakeholder
convened for that purpose after thirty day
prior notice OF such meeting shall have beer
given by publication IN one of the newspa
pcrS published in the city of New Orleans b,
1--WE publications during said period, and suci
changes as may be made Ia reference to TIL
capital stock shall require in addition 4
days notice IN writing TO each Stockholder.
Article NI-Nhenever this corporation i
dissolved, either by limitation of its charte
dated by three liqudators TO be appointe,
from among the stockholders az a meeting o
the stockholders convened for that purpos,
after 10 days prior notice shall have beer
gwen by the secretary TO each stakeholder
said liquidators shall remain in office unit
the affairs OF said corporation shall have beer
fully liquIdated. In case of the death o
any hquidator, the survivors shall continu
to act.
Article NII.-No stakeholder of this corpo
ration shall ever be held liable or responsible
for the -. ~
Their sum than the unpaid balance due to tn
corporation on the shares owned by him, no
shall any mere informality in organization
have the effect Of rendering this charter null
nor of exposing a stakeholder to any labiIi,,
beyond the amount of his stock
The subscribers hereto have each writer
opposite their names the number Of share
subscribed Tor, so that this act may ais
serve as the original subscription list
Thus done and passed at my office in tn
city OF New Orleans. Louisiana in the pres
competent witnesses OF lawful age and resid
ING m this city, who have signed their name
hereunto. together with the said appearer
whole.
Signed y. Orsher, subscribed to Is shares
: hronSengold, subscribed to "a shares; J. T
'after, Jr., subscribed TO | share
Witnesses: Enola Murphy. Louis Seyestrr
W. NJ. HARMON Not Pub
State Of Louisiana, Parish of Orleans,
L. the undersigned recorder OF mortgages i
and for the parish Of Orleans, state OF fon;Si
ana, do hereby certify that the above an
ioregoing act of Incorporation of the 20 \
Knitting Mills, Inc, this day duly ne
corded IN my office. IN book 49, folio =
New Orleans, December 30 1913
EMILE !. LEONARD. DIV. X.
hereby certify that the above and fore
golnG Is true and correct copy of the orig
NAL charter of incorporation OF the 20 (
Knitting Mills. Inc. together with cert;
hcate OF the recorder Of mortgages for m
parish OF Orleans, state of Louisiana. there
hnl 4.
m my notarial Office current records
In faith whereof | hereuuto afhx NV han
lolI w NJ UhNT3No ,e0Snoei
jan s IS p 70 feb WI uo