The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
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 Il. 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 cOvenanted and agreed,
ana by these presents do covenant and
| agree for themselves, their successors and
| assigns, to form thmSelveS into IA 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 a period of ninety-nine
years from this date, unless sooner dis
| solved; it shall have power and authority
10 contract, sue or be sued; to make and
| use Il corporate seal the same 10 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. 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
| rectors, clerks and other employees TO
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 Ill The objects and purposes
of this corporation are hereby declared
| and stated to be:
LIST To buy, sell and trade in leather,
! leather goods and findings; and to manu-
facture same into belts, suitcase '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.
3rd. 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,
cOnsign, receive on consignment purchase
soil nd i'm all ala of
| 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
goods and all other articles of use or
| wear; to own, lease or operate factory
or factories, and to this end to purchase
or otherwise acquire lands and buildings
for the erection and establishment of fac
tories; to establish agencies or branch Of
fees for the sale of goods and merchan-
disc, or any of the products of its man
ufacture 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 of 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
poratiOn is hereby fixed at Fifty ThOus-
and ($5O,OOO.O0) Dollars, divided into Five
Hundred 5000 Shares of the par value of
One Hundred (S1OOOO) Dollars each; pro-
vided, that the amount to which the cap
ital stock OF this corporation may be
increased shall be One Hundred ThOus-
and ($10O,0OO.0O) Dollars.
Two Hundred and Fifty (25O) Shares,
or Twenty-Five Thousand (S25.OOO Dol
lars, of the capital stock of this corpora
ton must be subscribed before the filing
of the articles of incorporation. The sub
scribed capital stock of this corporation
shall be payable in cash, property (real
or personaD, or for labor and services
rendered and performed
No stakeholder shall ever be held liable
or responsible for the faults contracts or
debts of this corporation in any further
sum that the unpaid balance due the cor
porati0n on the shares of stock subscribed
by him, nor shall any mere informality in
organization have the effect of rendering
this charter null, or of exposing any
stakeholder to any liability whatever.
This corporation shall not engage in
business until Twenty-Five Thousand
lS2o,OOO.OO) Dollars, or Two Hundred and
Fifty (25O) Shares of the capital stock
shall have been issued and actually paid
in, either in cash, property or services
rendered as aforesaid. If any of the
stock of this corporation is exchanged
either in whole or part for property
or goodwill, the provisions of Section 3
of Act 267 of 1914, shall be complied with
strictly.
Article V. All the corporate powers of
this corporation shall be vested in and
exercised by a Board of Directors COM
posed Of five stockholders, each of whom
shall own in his own right during his |
term of office at least one full paid share |
OF stock, three of whom shall constitute |
a quorum for the transaction of all bust |
ness.
The officers of this corporation shall