The herald., 1919-06-19
CHARTER.
ACT OF AMENDMENT OF GRoSSMAN
WEINFELD MILLINERY COMPANY,
LIMITED.

month OF May, 1919, before me, Scott + |
Beer, Notary Public in and for the Parish |
siding. duly sworn, commissioned and quail |
fled, and in the presence OF the witnesses |
hereinafter named and undersi gned; person |
ally came and appeared; Adolphe Grossman |
and Isdore Grossman, of the full age OF |
majority, residents OF New Orleans, Louis |
lana President and Nice-President of Gross |
man-Weinfeld Millinery CO., Ltd. who de !
claTed that acting by virtue OF and pursuant |
to a resolution of the stockholders of the
said corporation adopted at a general meet
ing Of the said stockholders called for the
purpose OF amending the charter of the said
corporation, on the fifth day Of May. 1919, all
the stockholders being present and all no
tees of any kind whatsoever being waived
by unanimous consent, they do by these
presents, in order to carry into effect the
said resolution. 4 certified copy whereof is
hereuntO attached and made a part hereof
declare that the charter OF the Grossman-
Weinfeld Millinery Company, Limited. shall
be changed and amended to read follows,
to-wit:
Be it known that on this nineteenth day
Of the month OF May, 1904, before me, BenJa-
min Dry, a Notary Public in and for the
Parish OF Orleans, in the State OF Louisiana,
duly comm ssioned and qualified, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap
peared the persons whose names are he-euuto
/ subscribed, all of lawful age and residing in
this City, who Severally declared that, avail
Of the Legislature of this State known as
Act No. 20 of the Session of 1883, as well as
of the provisions of the General Laws Of this
State relative to the organization of corpo.
rations. they have formed and organized,
and by these presents, do form themselves
into and constitute a corporation for the
objects and purposes and under the stipula-
tions and agreements hereinafter set forth
which they adopt as their charter. to-wit:
ARTICLE 1.-The name and title of this
corporation shall be GrosSman Bros, Mill
!, merry Co.. Inc. of New Orleans. louisiana.
,, and it shall have its domcie in the City
, Of New Orleans. and it shall have and en-
JOY succession under its corporate name for
. a period of ninety-nine years from and after
, the date hereof 1t shall have power and au-
thority to hold, purchase, sell, convey, lease.
, pledge or mortgage property, movable or i'm
movable, and personal property and effects
and sue and be sued. and it may have a
, seal with such inscription and device as
may be selected by the Board of Directors
The President or, in the event of his death
sickness, absence or inability to act from
any cause. the Vice-Presdient is hereby de
signated as the proper officer upon whom
citation and all other legal process shall
be served
ARTICLE 1.-THE objects and purpose
! for which this corporation is established and
! the nature of the business to be carried or
i by it are hereby declared to be: to pur
i chase, sell and manufacture millinery ant
6 millinery goods of all kinds and descrip
: tons, and all articles appertaining thereto
> and all other merchandise connected there
= with. and in fact engaging in any and al
e legitimate commercial pursuits without AM
= restrictions whatsoever and generally to d
= and perform all such other acts and thing
!, as may be requisite and necessary TO carr,
d out its objects and purposes or those inciden
. tai to its business.
ARTICLE III-The capital stock of thi
e corporation is hereby declared to be the sur
,f OF Eighty-five Thousand Dollars 1855, 10000
\ divided into Eight Hundred and Fifty share
n (SSO of the par value of One Hundred Do
s. lars SlOO each, which shall be paid for i
"a full at the time of subscription in cash whe
,s subscribed or be given for the purchase pric
=, Of property or in payment of labor done
~ for services rendered the Board of Dire
q tors may direct. All shares shall be issue
VI fer of stock shall be binding upon the con
d, pany unless recorded on its books. tt
10 capital stock of this corporation may be il
H. creased to an amount not to exceed the su
u of Three Hundred Thousand Dollars (S30(
ne 10000.
RS of this corporation shall be transacted
tn a Board of Directors to be composed
ng five stockholders, three of whom shall
ng a quorum necessary to transact the busine
ct shall, as soon as elected, elect from amor
nd its members. a President, a Vice-Preside
nv and a Treasurer. who shall act as Secretar
-. ny The first Board of Directors shall consi
r
- Louis M. Grossman, with the said Adolp
IS. Grossman. as President Isidore Grossman
70 Nice-President and Louis. NJ Grossman
70 Treasurer. all of whom shall hold their ,
eS fees until the first Monday of June, 10
;i.e,, or until their successors are elected al
us y, qualified. Each Board of Directors herei
os above named shall have the power to ele
ck from the stockholders in this corporation t
vi other two to make up the Board of Fl
re- provided for in this charter. All vacanci
he on the Board from death. resignation, or a.
De other cause. may be filled by. the remain
es. directors for the remainder of the term.
rs On the first Monday of June, 1919, a
TX thereafter each and every thirty first d
of December, there shall be held an electi
OF of directors. at the domicile of the corpoi
IN ton, after fifteen days notice in writing
OIL mail or in person shall have been given
wo each stakeholder to his duly qualifi
lue agent, by the Secretary of this corporate
ny into the duties of their office on their el,
re ton and shall hold their office until Ju
1, 1912, and thereafter until December
,ck or until their successors are elected a
,ck qualified
or ARTICLE V-.No stakeholder in this c
it's poration shall be eligible as direc
fits thereof unless he holds and owns in
in own name and continuous so to hold a
nut own during his incumbency at least
ing shares of the capital stock of this corporate
.rs' Each share of stock shall be entitled
one vote to be cast either in person or
of written proxy, and no stakeholder shall
cnlltleu 10 vote On MS StOCk cltucr III Y
81 son or by proxy unless said stock sh
mil have been owned by him and registered
rec his name on the books of the company
res least fifteen days before the. date of
ON. meeting at which he shall offer to v
ali thereon. Three directors of this corporal
present or represented by written proxy h
y, by another director shall constitute quor
&c, for the transaction and management of
: | the business and affairs of the company.
! Ill The Board of Directors shall have
n a. right to make and adopt by majority v
~ 10 such rules, bylaws, and regulations
yYesW. not repugnant to this charter, and the ri
,i "di to alter and amend and modify the S;
len' as they think proper And they shall h
WIN the power to make all sales, purchases
g SuI contracts whether for cash or on credit.
nc borrow money and to hire and discharge
rom employees and fix all salaries, and in
ent' full power to do all other things requi
OF. OF and necessary for the proper management
tne the affairs of the company.
tne ARTICLE Vino stakeholder shall b
be the right to sell or to dispose of any
fol his stock without first giving this corp
sue. ton ten days written notice of such int
SAID ed sale. and allowing this corporation
A right of purchasing the said stock at
ID. value thereof after which the stock may
. sold by the owner thereof at will, if
ma right is not taken advantage of by the
sary poration.
each ARTICLE VII.-This act of incorpora
vote NAV be changed or altered this corp
3 in ton may be dissolved in accordance
and the laws of the State of Louisiana.
roxy ARTICLE VIII.-At the termination Of
267 charter by limitation or otherwise. the
pro- ness and affairs Of this corporation shall
form liquidated by two commissioners to be