The herald., 1920-11-18

CHARTER OF MYRON MILLINERY,
United States Of America, 'Sate % Lou
Sana, City of New Orleans Parish of or
leans BE it known, That on this the
10th day OF the month of October, in the
year one thousand nine hundred and TWEEN
ty. betOr" me. Edgar Mayer Calm. No
tary Public. duly commissioned and quail
fed. in and for the Parish OF Orleans,
State Of Louisiana, and in the presence of
the witnesses hereinafter named and un-
derslgHcd. personally came and appeared,
the several persons hereinafter named and
undersigned. all Of the fun age Of ma jor-
iiy, who scyerally declared. that, awaiting
themselves of the laws of the State of
Louisiana. and particularly o. thc pro
visions Of Act Number 2GI Of the General
Assembly Of 1914. relative 70 the forma-
ton of corporations. they Cuvcuauted
and agreed. and by these presents do
covenant and agree. for themselves, their
successors and assigns. TO form them
selves into corporation. and body polite.
for the objects and purposes aud under
the stlpulat!uus follow Ing. tu-wit.
ARTICLE The name and title OF This
corporation shall Toe Myrou Millinery. Inc
ARTICLE 1.-The purposes and oh
! JcCts for which this corporation i organ
/ lied and the nature Of the business To hr
carried on by II, are declared 70 be as
follows. To conduct and carry ON tn.
business Of manufacturing, buying. selling
and dealing. generally, in millinery. host
I cry lea u'ES. TlbbblN. mats. notions. aTfl.
clrs of wearing apparel. ARTIFICIAL flowers
and other millinery sp-cialtirS. as well as
/ all other articles of merchandise. of q
/ kindred nature. and TO act As general
merchants. To arquIr" the property rights.
| franchises, goodwill and assets of every
/ kind. Of any person. firm, corporation or
| association, either wholly or partly and
! 10 pay for same in cash. or in the stock
| or the company. or otherwise, aS may b..
permitted Toy the laws of this State: and
| especially to take over. a. q going concern.
] any business of similar nature now be
/ ing carried on in this city. or cl>"w here
! ARTICLE III.-The capital stock of this
/ company shall be thirty thousand dollars
! tS@OOcOOO, divided into three hundred
! l"OOl shares. of the par value Of one hun
| drrd dollars tSl@OOl each. of which ff-
| teen thousand dollars $4,000 co. that i
| one hundred and nifty NJOi shares of th,.
/ par Nalu" of one hundred dollars iSlUUU 1
rach' shan be subscribed and paid for,
] upon or Immediately after the organization
| o. this Company. Such Sapital stock shall
! h" paid for in cash or in property its
! @quiNalent and if not in cash then the
| Board of Directors Of the COMPANY shall
! d.termin" the value of such equivalent
/ offer. The corporation by a vote of thu.
! majority Of the entire Board of Directors
| may authorize an increase Of the capital
! STOCK up TO total Of one hundred and
/ nifty thousand dollars by a two third
| vote Of the issued stock at a meeting held
according TO law. This Company shall be-
going concern and shall have the right
! thousand dollars (Sl5OOO.OOD shall have
been subscribed for. All sales and other
! transfers OF any OF the stock OF this cor
! pOration shall be void. unless said stock
! shall have been previously offered 10 m,
| then existing stockholders. through tn,
| Board OF Directors, at a simulated pri,.
! ana II the Board for said stockholders
does not See hit to purchase said stock
then II shall not be sold nj n less price
or upon more favorable terms. without
likewise Offering it TO the Board. at such
Prlce and upon such terms. In case OF
sale or transfer of stock or the issue OF
| increased capital stock, the then holders
OF stock Of the Company shall have IN,
right to purchase such stock in the ratio
| OF thelr holdings OF stock of the. COmp3uy
| This provision shall be written printed
or stamped on each certificate of stock
ANY shares not taken in proportion NAV
be taken by the other shareholders
| ARTICLE IN.-The dOmicile OF the cor
poration shall be the City of New Orleans
state OF Louisiana, where all citations al
2ther legal process shall be served on the
on the Vice President
ARTICLE N.-This corporation shaI
nave and enjoy succession and duration
LOT the period OF ninety nine (99J year
from the date hereof.
| ARTICLE NI-AH the corporate power
OF this corporation shall be vested in an,
exercised by a Board Of Directors. which
S1alI be composed of not less than thre
10 Directors, of whom the majority shall
constitute a quorum for the transaction o
business. The Following named person
shau constitute the first Board of Direc
tors. to-wit: !. Myron l.. KOhnstamm VIII,
shall be the first President. . Arthur ]
Hitler, who shall be Vice President 3. Gil
p bert Friedrich, who shall be Secretary an,
. Treasurer. And they shall hold their sal,
, places as Directors and officers until Sep
TENDER 10th, 1922, or until their success
SorS are elected and qualified. Thereaftr
the Board of Directors shall be compose,
of StOckh olderS. each owning not less thai
. u IN hg1 no g..
annually by the stockholders. at a meetinj
, on the thirtieth day of September. 49,.
ana annually thereafter, on the thirtietl
day of September Ot each year II sal,
day should be a legal holiday the meeting
shall be held on the next business day. 4
all meetings of the stockholders, the votini
r shall be by ballot, and each share shall
r count for one vote. After such election o
: the Board of Directors, said Board shaI
{ elect the officers of the Company, and sue
election may be by ballot, or viva voc,
The Board Of Directors shall employ an
5 dismiss such clerks, managers and othe
] employees as the interest and business 4
the Company may justify. and they may
by resolution, delegate this power to al
| one or more of the officers of the Com
pany. Any Of the Directors may, by writ
n ten instrument. appoint another DirectO
to act as his proxy at any and all meeting
OF the Board Of Directors. Failure to hOl
the annual meetings to elect Directors sha
not impair the validity of this COrpOratiO
or its management, but the Directors an
ofhcers shall continue in Office until thei
: successors are elected. The Board sha
have the power TO make and also to amen
or repeal bylaws for the regulation @
the business of the corporation. Vacan
4 cies in the Board of Directors may be lille
4 by the remaining Directors, until tn
: stockholders elect.
ARTICLE NII.-The officers Of this col
n pOration shall be a President, a Vice Pres
. ldent, Treasurer and a Secretary, but tn
. office of Secretary and Treasurer may b
|, combined in one person. Each of thes
: officers, with the exception of the Seer,
tary, must be stakeholder.
A ARTICLE Nlll.-NO notes or othe
= negotiable instruments, and no orders 10
the payment of money and no contract
shall be valid. unless the same shall b
n authorized by the signatures of two OFF
: GERS of the Company.
n ARTICLE IA.-NO stockholders sha
" ever be held liable or responsible for an
[. OF the contracts or faults of this corpori
: ton, in any further sum than any unpai
= | balance due on the shares of stock owne
, by him; nor shall any informally in O
" ganization have the effect of rendering a.
= charter null, or Of exposing a stOckholdt
. TO any liability beyond any amount due o
. his stock.
u ARTICLE X.-This Charter NAV be a
tered or amended in any manner inclu,
ing the increase or decrease of its capt..
!, stock, and the affairs of the corporate
II wound up, and the corporation itself dii
" solved, by a vote of two-thirds q /3) ,
. the capital stock, cast at a meeting Gale
:. for that purpose, after a thirty 800 day
written notice, which notice, however ma
/! be waived in writing.
ARTICLE &I-The incorporators her
of have placed opposite their respecti,
. signatures the number of shares OF Il
20 capital stock for which each has su