The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
CHARTER OF l.. FEIBLEMAN & CO.

CHARTER OF l.. FEIBLEMAN & CO. |
| INC.
United States Of America, State Of Louis |
| lana Parish of Orleans.
BE il known. that on this 18th day of
| the month of March, in the year of our
| Lord one thousand nine hundred and
| twenty $500, and of the Independence
| of the United States of America, the one
hundred and forty fourth: Before ne,
| Watts h. Leyerich, Notary Public, duly
| commissioned and qualified, in and for the
| Parish of Orleans, state of Louisiana,
| therein residing, and in the presence or
| the witnesses hereinafter named and I'M
| dcrsigned. personally came and appeared
| the several persons whose names are here
unto subscribed. who declared that, avail
| ing themselves of the laws of This State
| relative to the organization of corpora
| tons they have covrnanted and agreed,
and do by these presents covenant. agree,
| bind. form and constitute Themselves, as
| well as such persons aS-Inay hereafter
| join or become associated with them. in
to a corporation or body polite in law, for
| the objects and purposes and under the
agreements and stipulationS following, to-
| wit
ARTICLE 1.-The name and title of this
| corporation shall be: l.. Feibleman & Co,
| Inc. and under is corporate name IL
shall enjoy succession for che full term
| and period of ninenty mine years from ard
after the date hereof, and shall have power
and authority to contract. size and be
sued; to accept and receive mortgages,
pledges or other hypOthecatiOns: to make
and use Il corporate seal the same 10
break and alter at pleasure: to purchase.
receive. lease. hold or otherwise acquire
| and convey. as well as mortgage and n.y.
pOthecatc under its corporate name, prop
prty both real and personal and mixed;
| to borrow money and make and issue
bonds and other evidences IF ieht and to
secure the same by mortgage aud ether
| wise: to subscribe to and hold stock in
other corporations; to acquire hold and
reissue shares of its capital stock: to
carry out all of the objects aud purposes
hereinafter set out; to name and appoint
such managers and directors. officers and
agents. rs the interest and convenience
of said corporation may require: and to
make and establish, as We'll rs alter and
amend ut pleasure such Ii laws, rules and
regulations for the management and rcEu-
lation of the affairs of the corporation a.
!, may be necessary, proper or convenient I:
! and generally to do all such acts and
things as trading corporations ar" author
? lied to do under the saws OF the State or
! | Louisiana.
ARTICLE 1.-THE domicle of This cor
! | pOratiOn shall be in the Parish of Orleans.
Il | State of Louisiana, and all citations or
y | other legal process shall be served upon
the President of the Company. or, in his
e absence. upon the ce-President.
ARTICLE III.-The objects and pur-
: poses for which this corporation Is organ
q | lied and the nature of the business to he
o carried on by it. are hereby declared to
Y be: To manufacture buy. sell and deal in
II ing, wearing apparel. and textile fabrics
10 of every kind hats, caps, millinery. boots
e shoes, furnishing goods. fancy goods, FUR
$, niture. carpets, mating. china glassware
% stoves heaters, groceries. household goods
d and generally. merchandise OF every kin6
d character and description such as Is oil
Ie may be probably or conveniently handed
T. in a general wholesale or retail mercan
l. file establishment: to conduct the business
n of q department store, and all bus1nesse'
d incidental thereto, as well as to buy an6
r sell at wholesale and to job. all kinds o
N merchandise, as well as TO receive the sara
n | on consignment and to purchase and sci
10 the same on commission as well as for IL
D. own account: to acquire, hold arh dea
Is in personal property OF every character
n and particularly stocks, bonds, obligation
le | and securities of other corporations. ~
l. well as of individuals and partnerships
Dt to exchange its entire capital stock or an,
pr thorized to acquire, or to exchange ~
D. | entire assets and business, or any par
Ie thereof. for property. stocks, bonds o
other obligations of other companies, nrm
rs or individuals: to buy, sell, lease, hold
n develop and improve real estate of al
n sorts: specially. to acquire all of the as
r., sets and liabilities of the mercantile hrr
m and partnership Of l.. Feibieman x 90. a
,r Of January 31st. 1920: and generally; I
O. do all such acts and things as may b
r necessary. convenient or proper for IN
no accomplishment of any of the FORGING oh
no jectS and purposes.
w AKIlflIt ~ Inc tdDlidf SNoth VI thi
or corporation is hereby fixed at One Milo
r ($1 900. OO0.O0l Dollars. represented by re
IN Thousand 100000 shares of the par VAIN
er of One Hundred (S10000 Dollars pc
IS share. The amount of said stock may .
he increased to Five Million $4,000 600 OC
RS Dollars. The entire One Million (Sl,Oca
in O00.O0) Dollars of stock presently author
al lied is to be issued for and in consider
III alton of the delivery to this corporatio
he of all of the assets and liabilities of III
rs mercantile nrm and partnership OF |
in | FeiblemaD & Co. as of January 31St, l92
IT. n statement of said assets and nabiliti'
to being her~tO annexed and made part herr
be of. No transfer of stock shall be binC
vn ing upon the corporation unless made an
ch recorded upon its books. No stockhold'
al shall have right to transfer or conve
by any of his or her stock in the corporate
Oh unless and until he or she shall have fir
Id made a written offer to the other the
ny. stockholders of the corporation. and
he the corporation ITSELF to sell his or III
en- stock to them at the book value therec
or Book value" as used herein is hereby d
'en fined to mean the value at which the a
I'D sets and liabilities of the corporation ha'
to been in good faith entered upon its book
~ Such written offer shall be addressed
of the other stockholders. and to the corpO
DC alton itself collectively. and shall be d
ay livered TO the office of the corporation n
for less than ten days prior to the apple
ter ti0n for tranSfeE of the stock. The ca
Drs poration shall transmit this offer to {
Der respective then stockholders, and the sto
INV OF InP StOcknOlupr ueSlTlng 10 sell SUE
Of be distributed prorata among such of {
ice other stockholders as desire to purcha'
81, in the proportions in which the holdin
zen of the stockholders DESTROYS of purchaSi
ter bear to each other; and If the total wbi
us, such other stockholders desire to pu
ry; chase is less than the total offered (
sale. then after each of the other stoc
Of holders shall have taken and paid for I
ed amount of stock which he or she desir
on. to buy and to which he or she is entitl'
nd then the remainder untaken shall be ep
ne for purchase by the corporation itself; a
70 unless prohibited by law. the corporate
nv may itself and apply its surplus ear
the ings or accumulated profits TO the pu
tal chase from any stakeholder desiring
in sell OF any portion of that stockholde
mt stock which none of the other stockholds
the may desire to acquire. at the book val
lay thereof: provided. that the corporate
ZEE shall not apply any of its capital to {
ok purchase Of such stock but shall alwa
oil maintain its capital unimpaired. The cC
~ pOratiOn shall have the right to refuse
~ transfer any stock so long as the shal
NJ holder demanding the tranfeI is in n
- way indebted to the corporation. and
" corporation shall have a lien, pledge a
, | privilege on each share of stock TO secr
"a any Indebtedness due by the sharehoid
ms to the corporation. Should any of
lne stock offered for sale be not desired
lul- | the other stockholders. and should
ieu corporation itself be unwilling CT unal
the TO purchase any Of the same out OF