The herald., 1920-04-08
OF l.. TEIBLEM.NN 4 CO.

INC.
! United states of America, state of Louis
/ lana. Parish Of Orleans.
T." it known. that on this 18TH day Of
| the month of March, in the year Of our
/ Lord. one thousand min" hundred "Dd
twenty 1920, and Of he Independence
of the United states Of .'IlpTi n. the one
hundred and forty-f0urth: before ne
Watts X. Lcverich. a Notary Public. duly
comm i>~iOned and qualified. in aud for the
/ Parish of Orleans, stat" Of Louisiana,
therein residing, aud INA tn" pre>Cnr" Of
IA" witnesses hereinafter named and an
dcr>igncd, 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
tiOnS, they have cOy"nant"d and agreed,
and do by these presents covenant. agree.
binG. form and constitute themselves. a.
well aS such persons rs may hereafter
join or become associated with them. in
to corporation or body polite in law. for
tn" objects and purposes and under the
1 agreements and stipnlationS following. to-
wit.
ARTICLE 1.-The name and title Of this
| corporation shall be: l.. Foibloman K Co,
| Inc. and under is corporate name il
| shall enjoy succession for Chc full term
and period of ninenty nine years from ard
| after the date hereof, and shall have power
and authority to contract, sue and be
| sued; to accept and receive mortgages,
| q
| and use corporate seal the same to
| break and alter at pleasure; to purchase.
| receive. lease, hold or otherwise acquire
| and convey, as well as mortgage and ny
| pothecate under its corporate name, prop
| Prty both real and personal and mixed ;
| to borrow money and make and issue
| bonds and other evidences Of debt and to
| secure the same by mortgage and ether
| wise: to subscribe to and hold stock i'm
| other corporations; 10 acquire, hold and
| shares RHnIfll stock
| carry out all of the objects aud purposes
| hereinafter set out; to name and appoint
| such managers and directors, officers and
| agents, as the interest and convenience
| of said corporation may require; and to
| make and establish, as well as alter and
! amend at pleasure such bylaws. rules and
| regulations for the aagcment and regu-
| lation of the affairs of the corporation rs
may be necessary, proper or convenient:
| and generally to do all such acts and
| things as trading corporations ara author
lied to do under the Jaws of the State of
Louisiana.
ARTICLE 1.-THE domicle OF this cor
| pOration shall he in the Parish of Orleans
State of Louisiana. and all citations or
other legal process shall he served upon
the President of the Company. or, in his
absence upon the Vice President.
ARTICLE III.-The objects and pur-
poses for which. this corporation is organ
lied. and the nature of the business to be
carried on by it. are hereby declared to
v.
at wholesale and retail. dry goods. cloth
ing, wearing apparel. and textile fabrics
OF every kind. hats. caps, millinery. boots,
shoes, furnishing goods. fancy goods. fur
niture, carpets, mating, china. glassware
stoves, heaters. groceries. household goods.
and generally. merchandise of every Lind.
character and description such as is or
may be profitably or conveniently handled
in general wholesale or retail mercan-
tile establishment; to conduct the business
of department store, and all businesses
incidental thereto, as well as to buy and
sell at wholesale. and to job all kinds of
merchandise, rs well as to receive the same
on consignment and to purchase and sell
the same on commission as well as for its
own account: to acquire, hold ard deal
in personal property of every character.
and particularly stocks. bonds, obligations
and securities of other corporations as
well as of individuals and partnerships;
to exchange its entire capital stock or any
part thereof, for property which it is au-
thorlzed TO acquire, or to exchange its
entire assets and business, or any part
| thereof. for property. stocks. bonds or
other obligations of other companies, firms
| or individuals: to buy, sell, lease, hold
| develop and improve real estate of all
sorts; specially. to acquire all of the as
| sets and liabilities of the mercantile firm
| and partnership of l.. Feibleman & Co. as
| of January 3lst, 1920; and generally: to
| do all such acts and things as may be
necessary: convenient or proper for the
|
| jects and purposes.
ARTICLE IV.-The capital stock of this
| corporation Is hereby fixed at One Million
| $4,000 0.OO) Dollars, represented by Ten
Thousand 100000 shares of the par value
| of One Hundred (S1O000) Dollars per
share. The amount of said stock may be
| increased to Five Million (S5. 900 900 OO)
| Dollars. The entire One Million 81 900
! OOO.OO) Dollars of stock presently author
| lied is to he issued for and I'm consider
| delivery IN IA,
| OF all of the assets ana liabilities of the
| mercantile nrm and partnership of T.
| Feibleman Il Co, as of January 31St 1920
| n statement of said assets and liabilities
| being hereto annexed and made part here
| OF. No transfer of stock shall be bind
| ing upon the corporation unless made and
| recorded upon its books. No stakeholder
| shall have right to transfer or convey
| any OF his or her stock in the CORPORATION
| unless and until he or she shall have first
| made written offer to the other then
| STOCKHOLDERS OF the corporation, and TO
| me corporation itself. to sell his or her
| stock to them at the book value thereof
| Book value" as used herein is hereby de-
| hned to mean the value at which the as
sets and liabilities of the corporation have
neeh IN Sood faith entered upon its books
such written offer shall he addressed TO
| the other stOckh OlderS. and to the cornor
alton itself. collectively. and shall be de-
| Iivered to the office of the CORPORATION no,
less than ten days prior to the applica-
*.
| poratiOn shall transmit this offer 70 Tho
| respective then stockholders. and the stock
| OF the stockholder desiring to sell shall
DE distributed prorata among such of the
otner stockholders as desire to purchase
| IN the proportions in which the HOLDINGS
OF the stockholders DESTROYS of nurchaSinC
| Dear 10 each other: and If the total which
| Snch other stockholders desire 70 mr.
chase is less than the total offered for
sale, then after each of the other stock
holders shall have taken aud paid for tho
amount OF stock which he or she desires
10 buy and TO which he or she is entitled
thtn the remainder untaken shall be onen
TOT purchase by the corporation itself. and
unless prohibited by law, the corporation
may itself use and apply its surplus earn
lngs or accumulated pronts to the mr.
chase from any stakeholder desiring IN
sell or any portion of that Stockholders
STOCK whlch none of the other stockholders
may desire TO acquire. at the book yaIue
thereof: provided. that the cornoration
snail not apply any of its capital 10 the
purchase of such stock but shall ALWAYS
maintain its capital unimpaired. The cor
porat1on shall have the right TO refuse m
transfer any stock so long as the share
holder demanding the tranfel Is in anv
way indebted to the corporation. and The
corporation shall have n lien, pledge and
privilege on each share of stock 10 secure
any Indebtedness due by the SHAREHOLDER
TO the corporation should any Of tba
stock offered for sale be not desired bv
the other stockholders, and should rho
corporation itself he unwilling OF unable
10 purchase any of the same ont of its
surplus earnings, within ten DAYS from
me receipt at the corporations office OF
inc written offer to sell. then. and then
ohT; snail the stockholders desiring to