The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-29
CHARTER

| December, IN the year one thousand nine nun
dred and thirteen, before me, William Morgan
Harmon, a notary public IN and tor the par
| ish of Orleans, state of Louisiana, duly COM
| mlssioned and qualified, and IN the presence
Of the witnesses hereinafter named and I'M
dersigned, personally came and appeared the
persons whose names are heTcuUtO subscribed,
all above the full age Of majority, who sew
orally declared that, avallIng themselves OF
the provisions OF the laws Of this state Tela-
| tive to the organization OF corporations they
have formed and organized and by these pres
ents do organize themselves into corpora
ton and body polite IN law for the objects
and purposes, and under the stlpulatonS fol
lowing, tO-wlt:
Article 1.-The name and title of the cor
pOration shall be o. X Knitting Mills. Inc,
and its dOmicle shall be in the city of New
Orleans, state OF Louisiana, and it shall have
and enjoy succession by its corporate name
| for a period of thirty years from and after
the date hereof.
This corporation shall have power and au-
thority to contract, sue and be sued in its
corporate name; to make and US corporate
seal; TO hold. receive, hire and purchase real
and personal property and to sell, mortgage or
pledge the same, and TO borrow money and
issue bonds, notes. and other obligations.
All citations or other legal process shall be
served upon the president, and in the event
of his absence inability to act from any
cause, the same shall be served upon the
SeCretary-treaSurer.
Article 1.-THE objects and purposes for
which this corporation is organized, and the
nature of the business to be carried on by 1t
are hereby declared to be: to manufacture,
buy, sell, export, import, and generally deal
IN sweaters, caps, legglngs, gloves, mittens,
shawls, and knit goods of every kind and de-
Scription.
Article III-The capital stock of this cor
poration is hereby fixed at the sum of twenty
scented by $50 shares of the par value of one
hundred dollars.
This corporation shall commence business
as soon as five thousand dollars of its cap
ital stock shall have been subscribed for
Article IN.-All the corporate powers Of
this corporation shall be vested in and exer-
cised by board of three directors, TO be COM
posed of stockholders, two of whom shall con-
stitute a 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 government of the
business and affairs of the company, and to
alter, amend and change the same at pleas
ure; appoint, hire, and discharge all officers
agents and emloypees, fix all salaries and
generally do and perform all things necessary
m 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, election for d.
rectors shall be held at the Office of the COM
pany, and the directors then elected shall
take their seats Immediately and shall hold
office until their successors are duly elected
and qualified Each board shall elect its
own officers, which shall consist of a presi-
dent, vice-presdent, and secretary-treas-
urer.
All corporate elections shall be by ballot
and majority of the votes cast shall elect
and each share of stock shall be entitled to
one vote either in person or by proxy.
Written notice of elections shall be given
to each stakeholder by the secretary-treas-
urer at least 10 days prior to elections.
Article V.-This act of Incorporation may
be changed, altered, or modified, or this cor
poration dissolved, with the assent of three
fourths of the stock present or represented
at any general meeting of the stockholders
convened for that purpose after thirty days
PRIOR notice Of such meeting shall have been
given by publication in one of the newspa-
pers published in the city of New Orleans by
hive publications during said period, and such
changes as may be made in reference TO the
capital stock shall require in addition 10
days notice in writing to each stakeholder.
Article NI.-Whenever this corporation is
dissolved, either by limitation of its charter
or from any cause, its affairs shall be liqui-
dated by three liquidators to be appointed
from among the stockholders at a meeting of
the stockholders convened for that purpose
after 10 days prior notice shall have been
given by the secretary to each stockhoider.
said liqudators shall remain in Office until
the affairs of said corporation shall have been
fully liquidated. In case of the death of
any lquidator, the survivors shall continue
to act
Article VII.-No stakeholder of this corpo-
ration shall ever be held liable or responsible
for the contracts or faults thereof in any fur
Their sum than the unpaid balance due to the
corporation on the shares owned by him, nor
shall any mere informality in organization
have the effect of rendering this charter null,
nor of exposing stakeholder to any liability
beyond the amount of his stock.
The subscribers hereto have each written
opposite their names the number of shares
subscribed for, so that this act may also
serve as the original subscription list.
Thus done and passed at my Office in the
city of New Orleans, Louisiana, in the pres
ence of Enola Murphy and Louis Sevestre,
competent witnesses Of lawful age and resid.
ing in this city, who have signed their names
hereunto, together with said appearers and
me, notary, after due reading of the whole.
lSigned: N. Orsher, subscribed TO Is shares
5. Kronengold, subscribed to "a shares: ]. F.
Carter, Jr., subscribed to. share.
Witnesses : Enola Murphy, Louis Sevestre
W. NJ. HANNoN, Not Pub.
State of louisiana. Parish of Orleans.
i, the undersigned recorder Of mortgages, in
and for the parish of Orleans, state Of Louisi.
ana, do hereby. certify that the above and
Knitting Mills" Inc, was this day duly re-
corded in my Office. in book lll9, folio 36s
New Orleans, December go 1913
(Signed): EMILE J. LEONARD, by. r.
| ! hereby certify that the above and fore
going is true and correct copy Of the orig
Knitting Mills, Inc" together with eerti-
| icate Of the recorder Of mortgages for the
parish of Orleans, state of Louisiana, there:
unto affixed, the whole on file and Of record
| in my notaria Office, current records.
| in faith whereof / hereunto sfix my hand
and seal Of Office this 30th day Of December
| 1913 w. NJ. HARMON, Not. Pub.
ian ISIS q o feb