The herald., 1919-10-23
CHARTER OF
ALCO MANUFACTURERS, INC.


United States of America, State of Louis
lana, Parish of Orleans, City of New
| Orleans.
BE it known that on this ninth day of
the month of September, in the year one
thousand nine hundred and nineteen, be-
fore me, John X. Upton, Notary Public
in and for 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 awaiting them
selves of the provisions of the laws of this
| State relative to the organization of cor
| pOrations, and more especially of Act 267
| of 1914, they have coyenanted and agreed,
| and by these presents do covenant and
agree for 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
use corporate seal, the same to alter
and 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
to 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-
n1n IN
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 III. The objects and purposes
OF this corporation are hereby declared
and stated to be:
LIST. To buy, sell and trade u leather
leather goods and findings; and to manu-
facture same into belts, suit-cases or
other articles.
End. To buy, sell, trade in and manu-
facture all sorts of merchandise clothes
and underwear for men, women and chill
dren, which shall include all lines of
wearing apparel.
Bird. 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.
cons1gn, receive on consignment purchase.
sell and deal in all classes of goods and
merchandise, and other kinds of personal
property without limit as to nature or
description; to act as agent for other
corporations, co-partnership or individu-
ais in the same or similar lines of bust |
ness; to manufacture leather and textile A.,
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 it's man |
fracture, at any place or places; and, also, |
TO carry on any part of its business and |
exercise any part of its powers outside of |
the state or Louisiana, or in foreign cOun-
tries; and, in general, to engage in or
undertake and to do anything necessary.
incidental to or connected with said OBJ
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
poIatl0n is hereby fixed at Fifty Thous-
and ($50,0OO.O0) Dollars, divided into Five
hundred 5000 Shares of the par value of
One Hundred ($100OO Dollars each: pro-
vlded, that the amount to which the can
ltal stock Of this corporation may be
increased do shall be One Hundred Thous-
and ($1OO,OO0.OO) Dollars.
Two Hundred and Fifty (25O) Shares,
Or Twenty-Five Thousand ($25, OOO) Dol
lars, Of the capital stock of this cornora-
ton must be subscribed before the fiIing
Of the articles of Incorporation. The sub
ScrlDed capital stock of this corporation
shall be payable in cash, property (real
DR. personaD, or for labor and services
rendered and performed.
No stakeholder shall ever be held liable
Dr. responsible for the faults contracts or
1eDts OF this corporation in any further
sum that the unpaid balance due the cor
Doratlon on the shares of stock subscribed
,y him, nor shall any mere informality i'm
organization have the effect of rendering
ms charter null, or of exposing any
'tockholder to any liability whatever.
This corporation shall not engage in
business until Twenty Five Thousand
SIo,WOOO) Dollars, or Two Hundred and
,nty (2oO) Shares of the capital stock
mall have been issued and actually paid
n, elther In cash, property or services
endered as aforesaid. If any of the
lock of this corporation is exchanged
ither In whole or part for property
Y goodwill, the provisions of Section 8 !
7 Act 267 of 1914, shall be complied with
trictly.
Article v. All the corporate powers of /
MS corporation shall be vested in and {
xercised by a Board of Directors COM {
osed OF five stockholders, each of whom !
nail own in his own right, during his :
erm OF Office at least one full paid share Z
stock. three of whom shall constitute >
quorum for the transaction of all bust a
ess. :
The ohdcers Of this corporation shall !