The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-15
CHARTER
Of TIE SOUTHERN EMBROIDERY &
MANUFACTURING WORKS. INC.

CHARTER
OF TIE SOUTHERN EMBROIDERY &
MANUFACTGRING WORKS, INC.
United States Of America, State Of Louisiana.
Parish Of Orleans, City OF New Orleans.
BE It known thar on this Slst day OF Janu.
airy, the year Of our Lord nineteen hundred
and seventeen OF the independence OF the
United States OF America the one hundred
and f0~ty-first. before me, Nicholas +.
Humphrey. a duly qualified Notary Public
IN and Tor the city, parish and state aforesaid;
and in the presence Of the hereinafter named
and uniers gned witnesses, personally came
and appeared the persons subscribing hereto.
who declared that avaIling themselves OF the
constitution and laws ot this state relative
20 the organization OF corporations, they have
coyenated and agreed and do by these pres
ents agree, bind, and constitute themselves,
their successors and assigns and such persons
as may hereafter become associated with
them into a corporation for the purposes and
on the following articles OF Incorporation
to-wit:
Artlcle 1.-The name, Of this corporation
shall be the Southern Embroidery and Manu-
featuring Works. Incorporated.
Article 1.-THE objects and purposes for
which this corporation IS formed IS TO be Tor
the manufacture and sale of curtains, pen
nauts, sofa pillows, emblems, banners, braid
ing. flags, cards, threads OF all kinds, en-
hrOidery supplies, labels, buttons, etc. To
perform all kinds OF applique work fox dresses.
costumes, cushions. etc, TO do all KINDS oi
ACCORDION and box pleating, marking and
Stamping. To purchase and sell all kinds
Of goods. materials and merchandise incident
and 10 the performance OF this work. To con-
duct supply establishments, to buy and sell
any and all merchandise necessary, or mel
dent to the above objects and purposes, and
generally 10 do and perform any and all work
connected herewith.
Article III-The capital stock Of this cor
porration is hereby fixed at Ten Thousand
Dollars divided into Two Hundred shares of
the par value Of Fifty Dollars $4,000 each.
Stock shall be paid for in labor done, or
,ah
amounts and on such terms as shall be fixed
by the Board Of Directors. One Hundred and
Forty l4O) shares full paid stock shall be
issued to Edgar G.. Gould, subscriber hereto
for said number OF shares in consideration
whereof the said Edgar G. Gould hereby sells.
assigns. sets over and delivers all of the
assets and good will of the Southern En-
broidery & Mig. Works" heretofore con-
Quoted by him. in this city OF date Decem-
her SOth 1916. and this company accepts
same and acknowledges due delivery thereof,
and in further consideration thereof assumes
the liabilities thereof, the whole per hist
ed hereto, made part hereof, and marked
Exhibit A" 10 identify il herewith.
And the appearers, being all Of the sub
scribers hereto and officers hereof, towit:
Edgar G. Could, Albert Miller and Jewell A.
Sperling, being by me first duly sworn, did
depose and say, that the property herein,
above transferred to this company by said
EDGAR G.. Gould is well known 10 them, and
uppraise same at the sum OF Seven Thousand
Dollars $4,000 and further declare that,
including the amount of capital stock issued
to Edgar c. Gould. Seven Thousand One
Hundred Dollars (S7.I0OOO0 OF the capital
stock of this company has been subscribed
and paid for, and that the balance OF said
unpaid stock will be subscribed for within
the time as fixed by law. The amount to
which the capital stock may be increased
shall he Twenty-Five Thousand Dollars
CS25OOOOOl No stockholder shall have the
right to dispose of his stock in this company
without IL being firSt offered in writing, al
its then book value, to the board of directors,
who may purchase the for the company
and may be retired rheissued as treasury
stock by the board of directors. Certificates
Of stock shall be signed by the President, OF
Vice President, and the Secretary-Treasurer,
If officer.
Article IV.-The domicile of this corpor.
alton is fixed for New Orleans, Louisiana
Citation shall be served on its president, IT
his absence on the vice president, in the alb
sence OF both on the secretary-treasurer II
one officer, If two, on the secretary and II
the absence Of all three, on the treasurer.
Article N.-The corporation in its corpor
ate name shall have the right TO have and
enjoy succession for ninety-nine years from
the date of this charter; 10 sue and 10 be
sued in any court of competent jurisdiction
TO make and a common seal and alte
/ the same at pleasure; 10 acquire property
/ real, personal and mixed, in and out Of thu
I State Of Louisiana, by giant, gilt, purchase
D ana TO devise or DeQueSt; 10 tease, NOlu d.l'
/ dispose of. and to mortgage and pledge I'M
| same; to appoint such officers and agents a
/ the business of the corporation may require
/ TO fix their compensation and to dismiss then
| at its pleasure; 10 increase or diminish IT
capital stock; to make bylaws. not incon
/ siStent with any existing law, fixing o
altering the management of its property, tn
regulation and government OF its affairs, an,
/ the manner of its certification and registra
| tion of its stock; TO acquire and hold stool
| in other corporations, and If desirable, I
| issue its stock in payment for capital stock III
other corporations, and TO sell, hypothecat
or pledge such stock; 10 acquire its owl
1 stock by purchase or otherwise, and to dis
| pose OF or retire same provided that TIL
/ capital stock of this corporation shall not b.
/ diminished below the amount provided b,
/ law; to conduct business in this state, othe
states, the Federal districts, the territorie
/ and possessions of the United States, and il
/ foreign countries: TO wind up and dissolve
| itself and generally 10 enjoy all rights. priv
/ ileges and immunities granted by law t
such corporations.
this corporation shall be vested in and exer
| cised by board of directors to be composeC
| of three stockholders. each of whom shall owl
| in his own right not less than one full paiC
! and unpledged share of stock TO be elected
by the stockholders annually, beginning a
| the annual meeting of 1917. The board o
| directors shall at their first meeting afte
the annual election, elect from their owl
shall elect a secretary and treasurer, eithe
of whom must be a stakeholder
The first board Of directors shall consist o
Edgar G. Gould, residence 472 Lowerline St.
New Orleans. La; Albert Miller, residence
| 1888 S. Murat ST., New Orleans, La; Jewel
A. Sporting, residence, 212l Pension St, New
Orleans, La; with the said Edgar G. Gould
as president. Albert Miller, Vice President
| Jewell A. Sporting. as secretarytreasurer
who shall hold office until their successor!
81 cd nd fed ~.
nual meeting in 1913
| The annual meeting of the stockholders TO
the election of directors and for such othe
business as may come before it, shall b,
held on the 18th day of January of eacl
year, beginning in 1918
All elections shall be by ballot. The fa;l
ure to elect shall NOT vacate any office, AM
| all officers shall hold over until their sue
cessors are elected and qualified. All yacan
| cies in the board Of directors or the officer