The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-16
CHARTER OF
ALCO MANUFACTURERS, INC.

United States of America, State of Louis
f lana, Parish of Orleans City of New
Orleans.
lie 1t known that on this ninth day o.
the month of September in the wear on,
thousand nine hundred and nineteen be.
fore me, John Il. Upton, a Notary Publ,
IN ana Tor this City and Parish of Orleans
state of Louisiana, therein residing duly
commissioned and qualified, and in the
presence OF the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed who de.
clared to me, Notary, that availing them
selves of the provisions of the laws of this
State relative to the organization of cor
pOratlOnS, and N ore especially of Act 261
or l9l4, they have cOvenanted and agreed,
ana by these presents do covenant and
agree Tor themselves, their successors and
assigns, to form thmselves into a CORPORA
ton and body polite, for the objects and
purposes, and under the stipulations
hereinafter set forth, tO-wit:
Article 1.-The name and title of this
corporation shall be "Alco Manufacture
erS, Incorporated" and under such title
it shall have and enjoy succession and
existence for period of ninety nine
years from this date, unless sooner dis
| solved; 1t shall have power and authority
! TO contract, sue or be sued; to make and
IL,
| ana break at pleasure; to have, hold, sell
buy, lease, mortgage and hypOthecate or
| pledge property, real personal or mixed
| necessary, proper or Incidental for the
| carrying on of its business as Well as
10 Issue bonds or notes secured by such
| mortgages; to make and issue notes and
other certificates of Indebtedness; to
name, elect and appoint managers, di-
| rectors, clerks and other employees to
properly conduct its corporate business,
| and to make such bylaws, rules and reg
| ulatiOnS as may be necessary or found
| desirable for the management of its bust
! ness and affairs, and generally to do
every other act matter or thing necessary
| or found desirable for the complete and
proper carrying out of said business.
Article III. The domicile of this cor
| poratiOn shall be in the City of New
| Orleans, Parish of Orleans, State of Louis
| lana where all citations or other legal
process shall be served upon the Presi-
| dent, in his absence on the Vice presi-
| dent, and in the absence of both on the
| Secretary Treasurer.
Article Ill The objects and purposes
OF this corporation are hereby declared
and stated to be:
LIST. To buy, sell and trade in leather,
leather goods and findings; and to manu-
facture same into belts. SUITCASE or
other articles.
2nd. To buy, sell. trade in and manu-
facture all sorts of merchandise. clothes
ana underwear for men, women and chill
dren which shall include all lines of
wearing apparel
3rd. To buy, sell and trade in dry
goods and notions.
In order that said objects and purposes
may be fully carried out, this CORPORATION
shall have the right to import, export
cOnsign, receive on consignment purchase
sell and deal in oil cIa Of
merchandise, and other kinds of personal
property without limit as to nature or
description; to act agent for other
corporations, cO-partnership or indiyidu-
ais IN the same or similar lines of bust
ness; to manufacture leather and textile
goods and all other articles of use or
wear; to own, lease or operate a factory
or factories, and to this end to purchase
or otherwise acquire lands and buildings
Tor the erection and establishment of fac
tories; to establish agencies or branch of
noes for the sale of goods and merchan-
disc, or any of the products of its man
fracture, at any place or places; and also,
10 carry on any part of its business and
exercise any part of its powers outside of
the State of Louisiana, or in foreign conn
tries ana, In general, to engage in or
undertake and to do anything necessary
Incidental to or connected with said oh |
Jects and purposes, as well as to exercise |
all rights and powers conferred on cor |
porations by Act 267 of 1914
Article ". The capital stock of this cor
poratlOn is hereby fixed at Fifty Thous- |
and t$5O,OOO.O0) Dollars, divided into Five
Hundred (5O0) Shares of the par yaIue of |
one hundred (SlOOOO Dollars each; pro-
vlded, that the amount to which the can
itaI stock of this corporation may be
increased shall be One Hundred Thous
and ($1OO,00O.0O) Dollars.
Two Hundred and Fifty (25M Shares
or twenty-five Thousand ($25 OOO) Dol
lars, OF the capital stock of this CORPORA
ton must be subscribed before the filing
or the articles of Incorporation The sub
scrlbed capital stock of this corporation
snail be payable in cash, property (real
or personaD, or for labor and services
rendered and performed.
No stakeholder shall ever be held liable
or responsible for the faults contracts or
debts of this corporation in any further
sum that the unpaid balance due the cor
poratlon on the shares of stock subscribed
by him, nor shall any mere informalitv In
organization have the effect of rendering
tnIs charter null, or of exposing any
stakeholder to any liability whatever.
This corporation shall not engage in
business until Twenty Five Thousand
Dollars, or Two Hundred and
Fifty (250) Shares of the capital stoct
snail have been issued and actually paid
in, either in cash, property or services
rendered as aforesaid. If any of the
stock of this corporation is exchanged
'Ither IN whole or part for property
Or goodwill, the provisions of Section 2
IF Act 261 of 1914, shall be complied with
strictly.
Article V. All the corporate powers of
MS corporation shall be vested in and
Exercised by Board of Directors com
POSED or five stockholders each of whom
hall own in his own right during his
ERIN or ONCE at least one full paid share I
Il stock, three of whom shall constitute
quorum for the transaction of all bust q
less. 9
The omcers Of this corporation shall .