The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-29
CHARTER.
ACT OF AMENDMENT OF GRoSSMAN
WElNFELD MILLINERY COMPANY,
LIMITED.

st!H, ~ udIy sworn, commissioned and quail
iiea, and IN the presence Of the wItncsse,
hereinafter named and undersigned: person
any same and appeared; Adolphc Grossmar
ana isidore Grossmau OF the full aye OF
majority residents OF New Orleans Louis
lana President and Vice President II Gross
man Ncinfeld Millinery Co., Lid who de-
CARED that acting by virtue Of and pursuant
! 70 resolution OF the stockholders of the
sad corporation adopted at 4 general meet
ing OF the said Stockholders called f,- the
purpose Of amending the charter Of IN, SAID
corporation, on the fifth day Of Nav. 1910 All
the stockholders being present and ali NJ.
HleS OF any kind whatsoever being waived
by unanimous consent. they do bv these
presents, IN order TO carry into effect the
sad resolution, certified copy whereof i
hereunto attached and made a part hereof
declare that the charter OF the Grossmar-
Neinteld Millinery Company Limited. shall
be changed and amended to read as follows,
to-wit:
BE it known that on this nineteenth d,v
Of the month Of May, 1904, before me Be1ia.
MN Dry, Notary Public in and for fbr
IarIsh OF Orleans. in the State of louisiana,
duiy commissioned and qualified and in the
presence OF the witnesses hereinafter named
and Undersigned personally came and an
peIIred me persons whose names are hereunto
shhNclbed' all OF lawful age and residing in
thS lily, who severally declared that, avail
ing themselves of the provisions of an act
81 the Legisl ature OF this State known as
Act No. 20 of the Session of 1898 as ,yaII as
OF the provisions of the General Laws of thi 5
state relative 20 the organization of corDo.
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 stinIla-
mons ana agreements hereinafter set forth
whlGn they adopt their charter. to.wit:
ARTICLE The name and title of this
corporation shall be Grossman Rros NiIIi
merry Co., Inc. of New Orleans. Iorisi5n5
and It shall have its domicile in the CITY
81 New Orleans. and II shall have and en-
Joy succession under its corporate name for
| a period of ninety-nine wears IRON, ana ito
the date hereof. II shall have power and ~
lnoTity to hold, purchase. sell convey. lease.
pledGe or mortgage property, movable or i'm
movable and personal property and effects
se,I sue ,; ana be sued. and it may have a
sea- with such inscription and device as
may he selected by the Board OF Directors
/ me president or, in the event Of his death
sickness, absence or inability TO act from
any cause, the Nice-Presdient is hereby do
signated as the proper Officer mon - ar
be served. s'i"''
| ARTICLE 1.-THE objects and nurrosas
Tor winch this corporation is established and
me nature OF the business TO be carried on
c Cy IL are are, hereby declared to be: to pur,
chase sci! and manufacture millinery and
millinery goods of all kinds and descrin.
/ uons' and all articles appertaining thereto
ana all other merchandise connected tbere
~ s.;. ana IN TACT engaging in any and all
]
restrictions whatsoever and generaIIv % ~
ana perform all such other acts and thu
as may be requisite and necessary to carr
III Us ooJects and purposes or those inciden.
co ARIiCLE IiI.-The capital stock of this
80 P1idlon is hereby declared to be the sim
81 .Eighty-five Thousand Dollars CsS5 OOo GO1
DIVIDED into Eight Hundred and Fiftv sbaros
IoSp OF the par value of One Hundred nj
mi ~ Tit ~ each which shall be paid for in
luii al the time OF subscription in cash when
SUBSCRIBED or be given for the purchase price
3I property or IN payment of labor done o-
t tOr services rendered as the Board of Direc
! tors may direct. All shares shall he ;SsoL
as full paid and worcestershire and nc issued .s
Ier OF stock shall be binding upon the com.
pany unless recorded on its books tn
capital stock of this corporation NAV be in.
creased to an amount not TO exceed fbo en-, ~,
ooo.ooJ. hundred thousand Dollars $780,
ARTICLE IV.-The business and ,ff,i-.
OF this corporation shall be transacted bY
a Board of Directors to be composed -
| liVe stockholders, three of whom Shall he
of this ~" nerssaIy to transact the business
snaii, as soon as elected, elect from among
rs hemOers' President, Vice President
T aqa treasurer; who shall act as Secretary
The first Board of Directors shall rons;s.
OF Adolphe Grossman, Isdore Grossman and
LOUIS VI. Grossman, with the said AdoInhe
,S,rossman as President, Isidore Cirossman .s
T Iessrres s1i and Louis u. Grossman as
noes until the first Monday of June. 1910
oI untii their successors are elected and
qaalified. Each Board of Directors herein.
FROM TN mamea snail have the power to elect
I'm III inc stockholders in this corporation the
otner two to make up the Board of five
provided for in this charter All vacancies
on the Board from death, resignation. or any
directors for the remainder Of the teru,
On the first Monday of June. 1910 and
sffeIeaIter on each and every thirty first dav
Of Of Hdeeember' there shall be held an election
ton, after fifteen days notice in wr;t;np Ia, |
mai or IN person shall have been given N |
each stockholder or to his duly ouaI;fied
S Ss?;I' oy me secretary of this corporation |
INTO the duties of their office on Their eiec
non; and shall hold their office until lime
l, IVY, and thereafter until December AZ |
o or anti, their successors are elected and |
ARTICLE V-.No stakeholder in this chr.
poratlon shall be eligible as a d;recta-
thereof unless he holds and owns in b;s
own own name and continuous so to hold and
shares of the capital stock of this eornor,t;on
Each share of stock shall be entitled W
one vote to be cast either in person or Inv
written proxy, and no stakeholder shall be
son or by proxy unless said stock shalI
have been owned by him and Registered ~
ms name on the books of the company AZ
Ieas. tfteen days before the date of the
meeting at which he shall offer 10 vote
Inereon- Three directors of this corporation
present or represented by written proxy held /
ny another director shall constitute quorum
Tor the transaction and management of ali
the business and affairs of the company.
Inc Board of Directors shall have the
rent 10 make and adopt by a majority vote Il
sucn rules, bylaws, and regulations cs are i
nor ,epugnant to this charter, and the right
70 alter and amend and modify the same
ss tney think proper. And they shall have
s she power to make all sales, purchases and
contracts whether for cash or on credit N
borrow money and to hire and discbarae Ill
employees and fix all salaries. and IN fsct
luii power to do all other things reouisite
and necessary for the proper management NJ
me AFFAIRS of the company
=, ARTICLE Vino stakeholder shall b,v.
me right to sell or to dispose of anv of
ms stock without first giving this coroora.
lon Ten days written notice of such intend i
81 SAFE. and allowing this corporation the
right OF purchasing the said stock al hook
value thereof, after which the stock NAV he
'oId by the owner thereof at will, If said |
,lgnt rs not taken advantage of by the cor.
ARTICLE VII.-This act of incornor,,;o,
nay be changed or altered or this cornora' |
ion may be dissolved in accordance with |
he laws Of the State of Louisiana.
ARIpOLE VI1I.-At the termination of this
,harter by limitation or otherwise the busi
less and affairs of this corporation shall he
iquidated by two commissioners TO be ao.
pointed from among the stockholders at
general meeting convened for that purpose
Tar ha-