The herald., 1915-05-20

. / corporation StulI D.. established in H.,
CITY OF New orleans. State OF Iuui~l
/ ana. ana an citations auG other I..a
process shall be- served ON The President
/ IN hlS absence. ON tie Vice President.
ana IN the absence OF both. on the Sec
r"jarN-Ir"a>Urcr.
Article llI-The objects ana purruSes
for which the corporation is ur-auiz,d
ana the nature OF the business To- o.,
carried on by il are hereby declared 10
De. 1" buy. sell and deal ia. at retail
ana Wholesale, ana cuUSI-u and receive
on consignment. clothing, hats, caps.
wooden and linen goods of every
| description. hdbcrtashery. gents ana
| LADIES' furnishings. ANA am or any other
articles of wear, and generally 10 engage
IN ana carry on any other enterprise ur
! business which may h- german, or
| incidental to, or connected with Tn,
! purposes hereinahoIc set forth OF con
! tcmpiaied 10y this charter
! Article IN.-Thc capiraI stock of This
| corporation Us tNcu AT the sum of br,
hundred thousand t$lO000Op0y dollars.
| divided into one thousand shares Of t.,
| par value of one hundred dollars each.
NhlCH nave been entirely subscribed and
paid Tor IN cash by the appcarcr~. a.
hereinafter NOR" fully shown All
shares of stock shall boz full-paid ana
hon-aSS "~SahI". No transfer OF stock
snail b" binding upon tie corporation
unless mad" upon its books. and all Ger
jlncatcS of stock shall br ~iuusd Iv such
"ihcrES a. may Ice DESIGNATED 10y the
shall have the right To- increase it,
capital stock To- the further sum of one
hundred thousand t$lUo. 600 oop dollars
I" toe divided also into shares of ON.
hundred t$lU0D dollars each. pruyid,d
SAID increase in the capital stock shall
have been authorized by the stock
holders AT meeting To- be held pursuant
To the provisions of Article V. OF this
charter No stakeholder shall sell any
snare OF stock To any person not already
a StOCkHolder. unless he shall have
offered SuCH share or shares to said cor
poratiou at the book value as -
iahIlShcd 10y the last inventory. and
when the offer Is made To- the corpora
ion. II shall be its duty to advise. the
rcmaininG stockholders of said offer
that they may have an opportunity To
purchase said stock. which option how
ever, they must exercise within five DAYS
from receipt of notice by the COMPANY
All certificates of stock shall have
written or printed across their face. the Z
words: These shares are asSi-uab,r !
only according To- the Charter and BY
Laws of this Company"
Article N.-Al the corporate powers :
or the Company shall he vested in. and I
the mana"emcnt ana control Of it's at
lars, snail be exercised by, a board of /
directors composed Of three stockhold- /
ers. y majority of the directors shall /
constitute quorum for the tranSac-
tlon OF all business. The directors shall I
be elected annually. by ballot. by the /
April in each year. Each stakeholder
shall he entitled, in person or by proxy.
TO vote for every share owned by him
ana all elections shall be held under |
SuCh rules and regulations as NAV he
determined by the board of directors.
after fifteen days notice of such cleo
ton shall have been sent to each stock
holder at his last known address The
directors thus elected shall continue in
ONCE for one year. or until their sue
ceSSorS shall have been duly elected and
qualified. No failure to elect shall be
REGARDED as a forfeiture of this charter.
Any vacancy occurring on said board |
snail be filled by the remaining directors
Tor the uneNpired term. Said board of
directors shall at its first meeting after
IT'S election. nominate out of it's num-
per a President. Nice-President and
Secretary-Treasurer. Said board shall
nave the right to appoint and dismiss
such clerks, managers, and other en-
ployes of the corporation, as conditions |
may Justify or the business of the cor
poratlon may require. The tenure of |
office of all the employees of the corpora
tlon shall be during the pleasure of the
board of directors. Any of the directors |
Shall nave the right to appoint. by writ
ten instrument, another director or
stakeholder to act as his proxy and in
his stead at any and all meetings of
the board of directors
Article Vino stakeholder shall ever
De held liable or responsible for the con- |
tracts, faults or debts of said CORPORA !
non, nor shall any mere informality in
rs organization have the effect of rem
lerlhS inns charter null. or of exposing
1 stakeholder to any liability beyond the
unpaid balance due on the shares owned
by him.
Article NII.-This act of INCORPORATION
nay be changed, modified or altered, or
MS corporation may be dissolved. with
ne assent of the stockholders owning |
wo-thlrds of all the stock of the cor
ooration, at general meeting convened
or that purpose. and after at least ten
lays written notice of this meeting has
'een given through mail, addressed to
ach shareholder at his last konwn place |
II residence. In case of dissolution by
ne expiration OF this charter, or other
wise, the stockholders shall elect three
iquidators from among their number to
lquldate and settle the business and af-
airs of the company. In case of death
r disability of any one of said commits /
toner's or liquidators. the survivors, or
lie remaining liquidators. shall appoint
successor to him. The said liquidators
hall have full power to settle said COM
anys affairs, collect outstanding debts,
ell and convey property. pay it's debts
nd divide the remaining money and
roperty among the stockholders. They
hall also have power to meet and act |
nder the bylaws of the corporation and ,
nder regulations to be made by a ma
ority of said liquidators; to fix the price
nd prescribe the terms and conditions
sale of said property and the manner 4,
WHICH lne sale snail be made, and
Ike notes and bonds, secured by mort
age or otherwise, for part of the pur-
base price for all or any part of said
roperty; provided. however, that the :
ghts herein conferred upon the liqui-
ators may be modified, changed or de-
led by majority of the shares of the
lpital stock of the corporation The Fl
aid liquidators shall have authority to in
lie for and recover the debts and prop | Il
'ty in the name of the corporation, and j
ay be sued by the same name and they l.
nall be liable in soldo to any creditor a;
stakeholder for the monies and prop as
'ty of the corporation which shall come l.
their hands or possession as liquida-
RS, and for the proper application III
I'd distribution thereof. W
Article VIII-Mrs. Rose Lazard T
idOw of the late Mayer Israel, and te
hose pOstoffice address is 1925 St I'll
larles Avenue, New Orleans, Louisiana re
Is subscribed to 500 shares; Mayer sc
rael, Jr., whose postoffice is also 1926 f.
!. Charles Avenue, New Orleans, Lou ID
lana, has subscribed to $50 shares;
eopold l.. LaZard, whose postoffice adj ga
ess is 1926 Bordeaux Street, New Or he
ans, Louisiana, has subscribed to $50 60
ares; Mrs. Blanche Israel, the wife of Is
IcqueS a. Moss, whose poStoffice ad- re
ess is 1926 st. Charles Avenue, New +,
-leans, Louisiana, has subscribed to so Is
ares; and Mrs. Irma Israel, the wife
Benjamin A. Moss, whose postoffice (S
dress is Milan and Dryades Streets, 20
ew Orleans, Louisiana, has also sub G
ribbed to so shares. A