The herald., 1915-05-13
CHARTER
ALAYNICK MANUFACTURING COM
PANY. INC.

ALA COh-
PANY. INC.
United states Of America. State Of
Louisiana. Parish OF Orleans. City
Of New Orleans.
Be il known. That on this Sth day Of
April. 1915. before me. Herbert W. Kai-
ser. notary public duly commissioned
and qualified in and for the Parish and
State aforesaid. and in the presence Of
the witnesses hereinafter named and
undersigned personally came and ap-
peared the persons whose names are
hereuntO subscribed who declared that.
awaiting themselves Of the provisions Of
the laws OF the State of Louisiana and
particularly Act No. 267. Of the General
Assembly Of the state of Louisiana for
the year 1914. they have CoVenanted and
agreed. and do by these presents cove
nant. agree. bind. form and constitute
sons as may hereafter join and become
associated with them into a corporation
and body polite in law. for the objects
and purposes and under the agreement
and stipulations, following. to-wit:
Article 1.-The name and style Of this
corporation shall be "AlayniCk Manufac-
turing Company, Inc" and under that
name ii shall have and enjo< all the
rights. advantages and privileges
granted by law To corporations. II shall
exist for a period Of ninety-nine years
from the date hereof: il shall have
power and authority to sue and he sued
A corporate seal and to break the same
at pleasure; to hold. receive. purchase.
convey. mortgage and hypOthecate real.
personal and mixed property: to issue
bonds, notes and other obligations; to
have and employ such manag gers. Off
GERS. agents and employees as the inter
est and convenience of said corporation
may require: and TO make and establish
such by laws, rules and regulations for
the corporate management and control
D business NJ he
poration as may be deemed necessary
and eXpedient.
Article 1.-THE domicile of this cor
poration shall be in the City Of New
Orleans. State OF Louisiana. All cita-
ton and other legal process shall he
served on the President and in his alb
sence on the Secretary Treasurer
Article III.-The objects and purpo-
ses for which this corporation is organ
lied and the nature of the business to
be carried on by il are hereby declared
10 be: to engage in the buying. selling
and manufacturing of wearing apparel
Tor men. women and children: and gem
orally TO do and engage in any other
business. undertaking or enterprise con-
nected with or growing out of and incl
dental to the objects and purposes Just
set forth or contemplated by this char
ter.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum
of Twelve Thousand (sl2.OOO.O Dol
lars. which capital stock may be in
creased in the manner provided by law
TO the sum of Twenty-Five Thousand
E25. OO0.00) Dollars. Said capital stock
OF Twelve Thousand sl2 0OO.OO) Dol
lars shall be divided into one hundred
and twenty shares Of the par value of
One Hundred Dollars. OF said capital
stock Ten Thousand Dollars thereof
shall be paid for in cash immediately
after the signing of this act of incor-
poration: and the Two Thousand Dol
a ~aN IL
by the hereinafter signed Isidore Alay-
nick shall be paid for by transferring
TO this corporation all the assets of the
business now conducted in the City of
New orleans by lsidore Alaynick at III
Decatur Street, including stock in trade.
open accounts. machinery. good will
bills receivable, etc, which assets are
appraised and valued by the Board of
directors hereinafter named as worth
he sum of Two Thousand Dollars. All
shares of stock shall be worcestershire.
and no transfer OF stock shall be bind
ing upon the corporation unless made
upon its books and all certification of
stock shall be signed by the President
and the Secretary-Treasurer of the cor
pOration.
Article V.-No stakeholder in this
corporation may offer for sale, sell. as
sign or transfer his stock in this cor
poratiOn without giving to the other
stock holders thirty days prior notice of
such Intention. which notice shall be
given in writing to the President of the
corporation, and the other stockholders
snail have the privilege Of purchasing
said stock at the book value thereof for
period of thirty days from the deliy-
cry of said notice to the President.
Article N1.-All the corporate powers
or this company shall be vested in. and
the management and control of it's bust
ness and affairs shall be exercised by. a
Board OF Directors, composed of three
stockholders. A majority of the direc-
Tors shal constitute quorum for the
transaction of all business. The direc-
tors shall be elected annually by a bal
lot beginning on the first Wednesday of
the month of January in the year 1916
Al elections shall be held under such
rules and regulations as NAV be deter
mined by the Board of Directors but
after at least ten days notice OF such
election shall be given to each stock
holder by mail sent to his last known
ADDRESS or by publication for at least
three times in ten days preceding such
election in one of daily English news
papers published in the CITY of New
Orleans. No failure to hold an election
shall be regarded as a forfeiture of this
Gharter. Any vacancy occurring in said
Board OF Directors shall be filled by the
remaining Directors for the unexpired
term. The first Board OF Directors of
this Company shall consist of Horace
Gumbel. residing at 1927 Napoleon Ave
nue., New Orleans. La: Isidore Alay-
nick, residing at 251S Marengo street.
New Orleans. La; and Harry Eskenasy.
residing at 2045 Josephine street New
Orleans. La; with Isidore Alaynick as
President and Horace Gumbel as Secre-
The three above named
shall constitute the first Board of Direc-
tors and shall serve until their success
sors are duly elected The Board of
Directors shall after each election select
rom their number q President and
Secretary-Treasurer.
Article vino stockbolder shall
ever be held liable or responsible for
The contracts, faults or debts of this
corporation. nor shall any mere infor-
nality In its organization have the effect