The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTER.
CHARTER OF THE FERTH-RUBIN
MILLINERY COMPANY,
INCORPORATED.

Louisiana, duly commissioned and quail
fled, and in the presence of the witnesses
hereinafter named and undersigned, per-
Sonally came and appeared the parties
whose names are hereunto subscribed, all
of the full age af majority, who severally
declared that awaiting themselves of the
provisions of the laws of this State. re-
lative to the organization of Corporations
and especially Act No. 267 of the Legis
lature of the State of Louisiana, of the
Session of 19l4-they have cOvenanted and
agreed, and do by these presents cove
nant, agree and bind themselves, and
those who may hereafter become assO-
ciated with them, and their successors,
to form themselves into and constitute
Corporation for the objects and purposes,
and under the Arti~les of Incorporation,
following, viz:
ARTICLE 1.-The name and title of this
corporation shall be The Ferth- Rubin
Millinery COMPANY Incorporated" 1t
shall have its domcile in the city of New
Orleans. La. and it shall have and enjoy
succession under its corporate name for
period of ninety nine years from and after
the date hereof. 1t shall have power and
authority to hold, purchase, SELL convey,
lease pledge or mortgage property, NOV
able and immovable aud personal proper
ty and effects, and sue and be sued, and it
may have 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
by designated as the proper officer upon
whom citation and all other legal process
shall be served; or in the absence or in
ability of both the President and Vice
President to act, then upon the Secretary.
ARTICLE 1.-THE objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il are hereby declared to be-
to purchase, sell and manufacture Millinery
and Millinery goods of all kinds and de
Scription, and all articles appertaining
thereto. and all other merchandise con
nected Herewith. and in fact engaging in
any and all legitimate commercial pur-
suits without any restriction whatsoever,
and generally TO do and perform all such
other acts and things as may be requisite
and necessary to carry out its objects and
purposes or those incidental to its bust
ness
ARTICLE IH.-The capital stock of
this corporation is hereby declared to be
the sum of fifty thousand (SJ0,OOO.OO) dol
lars divided into five hundred shares of
one hundred ($100.00) dollars each which
| shall be paid for when subscribed either
! in cash or in such installments as the
| Board of Directors may direct. All shares
of stock shall be issued full paid and
| non -assessable and no transfer of stock
shall be binding upon the company un-
| less recorded on ii books.
| This corporation shall be a going con
Germ as soon as fifty per cent OF the
! amount of its capital stock has been sub
| scribed for and fifty per cent OF said
amount so subscribed for shall have been
| paid in.
ARTICLE Iv-The business and affairs
| of this corporation shall be transacted by
| Board of three Directors. The said
! Board of Directors shall elect from among
| their number, a President. Vice Presi-
| dent and treasurer who shall act as sec
| rotary.
The first Board of Directors under this
| charter shall consist of David Nj. Ferth
New Orleans, La, Morris Rosenthai
Lake Charles, La, and Philip Rubin
| New Orleans, La, with said David M
| Ferth as president; Norris ROsenthal as
| vice president and Philip Rubin, as sec
rotary and treasurer, all of whom SHAH
| hold their office until the first day OF
| January 1921, or until their successors
| shall have been elected and shall have en-
tered into office.
| ON the first Monday of January, l92l
and annually thereafter on the first Mon
day. of January, of each year, an eiectlUI
| for directors shall be held at the domicilt
! and place of business of said company III
the City of New Orleans after fifteen days
notice in writing by mail or in persol
shall have been given to each stoekholdel
or his duly authorized agent by the sec
| rotary Said directors shall take thell
| seats and enter into the duties or then
office on their election; and each Boare
| of Directors shall Immediately AFTER theil
election elect from among their numDel
IA president: a vice-president and a treas
/ urer who shall act as secretary. Ana sal.
/ Board of Directors and said officers shai
hold their office for one year or unti
their successors have been elected an'
have qualified.
ARTICLE V.-No stakeholder of thi
corporation shall be eligible as dlrec
TOR thereof unless he holds and owns II
his own name and continues so TO hol'
and own during his incumbency at leas
one On share of the capital stock or TN
corporation. Each share of stock snai
be entitled to one vote to be east eithe
in person or by written proxy, ana ~
stakeholder shall be entitled to vote OF
his stock either in person or by prox.
unless said stock shall have been owhe'
by him am registered in his name o.
the books of the company at least tnlrt.
DAYS before the date of the meeting a
which he shall offer to vote thereon. Tw
directors of this corporation present,
represented by written proxy held Dy an
other director shall constitute quorum
for the transaction and management
ALI the business and affairs of the com
pany The Board of Directors shall nav
the right to make and adopt by ma
jority of the votes thereof such rules, by
laws and regulations as are not repugnan
to this charter Tor the trahsac'i ., an
the conduction of the business Thereon
and the right to alter. modify ana amen
the same as they think proper; ana the
| shall have full power and authority !
make all purchases, sales ana cohlrac.
whether for cash or on credit; 10 Dorro'
| money, and to hire and discharge all en-
ployees and fix all salaries, and In 1a'
| full power to do all other things n
ou;site and necessary for the proper maj
agement of the affairs of the company.
| ARTICLE yI.-All checks and otht
evidence of indebtedness of this corpora
| ton shall be, signed by the president an
| countersigned by the secretary treasure
| and in the event Of the sickness, absen.
or inability to act from any cause OF tI
president of the company, then the san
are to be signed by the vice-president an
countersigned by the secretary-treasure
and in case of the absence or inability !
act of the secretary treasurer then u
same are to be signed and counterslgne
by the president and vice-president.
| ARTICLE Vino stockhoider sna
have the right to sell or to dispose OF an
of his stock without first giving to q
corporation fifteen (15) days written noti,
/ of such intended sale, and allowing u
corporation the first opportunity OF pn
chasing said stock at any bonande pfi
offered for the same on the market
III ARTICLE vIII.-This act OF incorpor
ton may be changed, modified or altere
| or this corporation may be dissolved I
the vote of three-fourths Of the capt.
stock present or represented at gener