The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-24
CHARTER

subject TO such restrictions as may be hanieu i
in This charter. And it generally shaIi
have and possess an me pG"c coInoTafions
rs and NAV hereafter be authorized TO nave
and possess under the CONSTITUTION anu ~
laws of this State, and particularly uilaeI
Act No. 2o7 of the Acts OF the oenefaI n
se,rbiv Of the State of Louisiana tor the
year 1914 and the amendments thereto.
ARTICLE 1.-THE domicile OF tins eorpo-
ration shall be the City OF New Oriedns
par;sh of Orleans, State OF Louisiana anu
Ill citations or other legal process snall DC
ssrved unon the President OF this corpor aIion'
or in case of his absence, upon the -.
President, or in the absence OF Doth - IL 80.
officers, upon the secretary "a
ARTICLE III.-The objects and purposes
for which this corporation IS formeu anu tie
nature OF the business to be carried on ~
it are hereby declared to De 30 ensS sHanes
trade or commerce in all OF its FORMS SHAPES
md phases as principal, agent, on connls
sion or otherwise; TO manufacture ouy, SCI;
import export and generally deal operd!e dn Ii
trade, either at wholesale OF Ietaat, - bnt
IIinds of merchandise without limitation ous
ssnecially hats, caps and other head gear Vi
everv class and description; and 10 carry
ON any other business which, under tHe law
il NAV be entitled to carry on "ntn iias
ssen 10 the corporation to be calculated, III
rectIy or indirectly, to eftectuate the aloIe
said objects, or either OF them, or 10 lacl:i
tate in the transaction OF us at' g..
business or businesses, OF any -
thereof. or in the transaction OF any otiGi
Ia,,f,I business that may be calculated, III
rrrtly or indirectly, te enhance the Value Sl
~ render profitable any OF the company
roperties and rights, and generally 10 hoiG
nd exercise all such incidental powers ana
;vileges, and do and perform all things as
late to the objects and purposes '1eie en-
,ove set forth or as may be needful' nee
;sary, proper, useful or convenient Ioi eA
citing said objects and purposes.
ARTICLE IV.-The authorized capital STOCK
+ his corporation is hereby liked al ana
cleared 10 be the of FIFTY Thousand
100000 Dollars, which capital stock may
Increased in the manner provided by law
the sum OF One Hundred Thousand (Sloo'-
H. M nTrsentlv authorized capital stock OF
,is corporation shall consist ct FIVE nun
red 500 shares, of the par vadSe Oh OiiT
hundred $4,000 Dollars each. Inc cdPItai
ock shall be represented by Serti!Iea'Ss my
Id capital stock shall be binding upon ms
1rnoration unless made in accordance win
5 charter and bylaws and recorded on the
ooks thereof. ,. e .b;s
,rnoration shall be fully paid and non,
essahle when issued, and shall be ISSUED
nly for labor done or for property aetuailS
aceived or for cash to be paid al SuC,i
mes and in such amounts ana a .'s RID sud
offices as may be determined by the boafu
ARTICLE Wall the corporate powers
| This corporation shall be vested IN and
vercised by board OF three h :" own aIeI name
/ at least one % share OF stock. SAID boaro
/ af directors shall be elected annually on the
second Tuesday in January OF eaGh yea
the first election to be held III INC III
| Io31 All such elections shall be by pal
lot. at the office of this corporation, unde
| the superyision of two ~ commissioners
to be appointed by the Board OF Directors
! and in the absence OF any commissioner I'M
| President shall have power 10 MI the Plac
hy annointment. and of all such elections
| as we'll as OF all meetings OF stockholuefs
| except for the purpose of liquidation OF dls
| solution, or as otherwise required by law
! fifteen Q5l days notice shall be gwen D.
mailing TO each stakeholder who appear
az such on the books of this corporation
his last designated address, or care Genera
| Delivery at New Orleans, II he mas not uesls
mated an address, an announcement So,
the time and place of the meeting. Fac
Shareholder shall be entitled to one vote 10
each share of stock standing IN ms nam
ON the books Of this corporation, to De cas-
in person or by proxy; and a. a ma pnatg . .
Directors shall have power to MI sucn va
cancies that may occur in the Board. ran
ure to elect directors on the day above spec
fled shall not dissolve the corporation, ou
| the directors then in office shall remain j
office until their successors are elected an
qualified. Due notice OF another electro
shall forthwith be given, as above proVlueC
Such notice OF election shall be conllnre
10 be given until election is held. IN
BOARD OF Directors at their first meeting TO
lowing each annual election shall elect trol
among their number President, "a vice
, President, and a Treasurer, when treasure
| NAV but need not, also perform the quite
of Secretary, though the Board of Director
may appoint and employ as Secretary PEI
son who is neither a stakeholder nor q
rector of the company. The Board OF u
| rectors shall from time to time as they sc
lit appoint and employ such other employee
as they shall deem necessary. Inc BOAR
of Directors shall have power to Tx the sa
, aries of all officers and of all such otn'
EMPLOYEES as they deem necessary. II
Board of Directors shall have power to mai
and establish, as well as alter and amen
all bylaws, rules and regulations necessai
and proper for the conduct and managemei
of the business and affairs OF TINS corPor
! ton. not inconsistent with its charter. Sa
J Board shall also have full power and a
| thority to do all such acts and things re
sonably necessary for the proper carrying
. | Of the business of this corporation, ana
! carry out the objects and purposes for viii!
4 this corporation is organized, including Il
borrowing of money necessary for the orc
nary business operations, and through I
President or some other duly authorized pc
= son or persons, TO execute and issue theref
I notes or other obligations of this corpor
ton on such terms as in their Judgment mi
be advantageous and shall also have II
| power and authority to issue and deliv
full paid shares of stock of this corporate
a for money, labor, services, or property,
rights actually receiy I'd by this corporate
9 A majority of the directors shall cons
tute a quorum for the transaction of a
business. At any meeting of the Board a.
director absent from the meeting may
4 represented by proxy. Until the next &c
!. eral meeting to be held under this chart
= on the second Tuesday in January, 1921,
until their duly qualified successors a
elected and installed the Board of Directt
shall be composed of: J. S. Gerson, who
Il postoffice address is, Glenmora, La; S;
a Goldman, whose postoffice address is S25
rome Street, New Orleans, La; Harry Co
man. whose postoffice address is 235 Chartr
Street, New Orleans, La; with ]. S. Gers
4 dent and Harry Goldman as Secretary Ire;
| urer.
/ ARTICLE Widths charter may
| amended, and the capital stock of this c,
| poration may be increased decreased,
| this corporation may be dissolved and
l affairs liquidated in the method and mann
| provided by law, as now Or hereafter
force.
ARTICLE VIII-No stakeholder of II
corporation shall ever be held liable
| sponsible for the contracts or faults of Il
| corporation in any further sum than I
| unpaid balance on the stock for which he h
subscribed, nor shall any mere informali
| in organization have the effect of renderi
this charter null or of exposing a stoc
holder to any liability other than abo
| provided
l ARTICLE IX.-No stakeholder may sc
/ assign or transfer his stock in this corpo
| ton without giving to the other stockho
| ers, through the secretary of this corpo