The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-15
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 end
twenty $500. and Of ;hc Independence
of the United States IF America, the one
hundred and forty fourth: EefOre ne
Watts h. LeveriCh. 4 Notary Public dnly
comm isSiOned and qualified, in aud for the
Parish of Orleans, state of Louisiana,
therein residing, and in the presence Of
the witnesses hereinafter named and un-
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 coycnanted and agreed,
and do by these presents covenant, agree,
bind. form and COnStltnjc Themselves, as
well as such persons rs may hereafter
join or become associated with them, in
to n corporation or body polite in law, for
the objects and purposes and under the
agreements and stipuiationS following. to-
wit:
ARTICLE 1.-The name and title of this
corporation shall be: l.. Feibleman x Co,
Inc. and under is corporate name il
shalt enjoy succession for che full term
and period of uinenty- nine years from and
after the date hereof, and shall have power
and authority to contract, SHE and be
sued: TO accept aud receive mortgages,
pledges or other hypOtheCatiOnS, to make
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 hy-
pOthecatp under its corporate name. prop
erty both real and personal and mixed :;
to borrow money and maze and issue
bonds and other evidences Of dcbr and to
secure the same by mOrtgaG and ether
wise: to subscribe to and hold stock in
other corporations; to acquire. rold and
reissue shares of its capital stock; to
carry out all of the objects and 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 management and rcgu-
latiOn of the affairs Of the corporation as
may be necessary, proper or convenient:
and generally to do all such acts and
things as trading corporations ar" author
lied to do under the saws Os the State of
Louisiana.
ARTICLE 1.-THE domiria 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.-Tha objects and pur-
poses for which this corporation is organ
lied. and the nature of the business to be
be: To manufacture. buy, sell and deal in,
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 kin6,
character and description such as Is or
may be probably or conveniently handled
in a general wholesale or retail mercan-
tile establishment; to conduct the business
of a department store, and all businesses
Incidental thereto, as well as to buy and
sell ut wholesale, and to job. all kinds Of
merchandise, as 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 il is au-
thoriZed 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 31st, 1920; and generally; to
| do all such acts and things as may be
necessary. convenient or proper for the
accomplishment Of any Of the FORGING OBJ
| tects and purposes.
| ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at One Million
| $1,000, 0O0.O0) Dollars, represented by Ten
| Thousand 100000 shares of the par value
Of One Hundred (s100O0) Dollars per
share. The amount of said stock may be
Increased to Five Million $4,000 900 .OO)
Dollars. The entire One Million (SI,OO0-
| 0O0.00) Dollars of stock presently author
| lied is to be issued for and in consider
| alton of the delivery to this corporation
| OF all or the assets and liabilities of the
mercantile nrm and partnership Of T..
Feibleman & Co., as of January 31st. 1920
| a statement of said assets and liabilities
being hereto annexed and made part here
or. No transfer of stock shall be bind
| ing upon the corporation unless made and
recorded upon its books No stockbolder
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 a written offer to the other then
stockholders Of the corporation. and to
| the 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 ana liabilities OF the corporation have
Deen IN good faith entered upon its books
| such written offer shall be addressed to
| tne other stockholders. and to the corpor-
| alton itself, collectively, and shall he de-
| ivered to the office of the corporation NOT
less than ten days prior to the applica-
tion Tor transfer OF the stock. The cor
| poration shall transmit this offer to the
respective then stockholders and the stock
or the stakeholder desiring to sell shall
| De distributed prorata among such of the
other stockholders as desire to purchase
IN the proportions in which the holdings
OF the stockholders DESTROYS of purchasino
Dear TO each other; and IL the total which
such other stockholders desire TO mr..
| chase is less than the total offered for
| SAFE. then. after each of the other stock.
holders shall have taken and paid for IN,
| amount OF stock which he or she desires
70 ouy ana 10 which he or she is entitled
| tnen the remainder untaken shall no onen
Tor purchase by the corporation itself. and
unless prohibited by law, the corporation
may ltself use and apply its surplus earn.
| lngs or accumulated profits to the pur.
| chase from any stockholder desiring N
sell OF any portion Of that stockholder's
stock which none Of the other stockboIdars
may desire to acquire, at the nook y,,ns
thereof; provided, that the Corporation
snhii not apply any of its capital to the
| purchase OF such stock but shall ALWAYS
MAINTAIN its capital unimpaired. The cor.
poratlon shall have the right to refuse IA
srSnsIer any stock so long as the share.
noluer demanding the tranfPr Is in any
way Indebted to the corporation and M
corporation shall have a lien. pledpa and
| privilege on each share of stock to securs
| any Indebtedness due by the shareboIday
70 ,he corporation. Should any of fbe
noek oHered for sale be not desired nv
me other stockholders, and should tbs
corporation itself be unwilling o- unohis
10 purchase any of the same ont Of its
| surplus earnings. within ten DAYS fror,
me receipt at the corporations office m
er written offer to sell. then. and then
Sa,I snam me stockholders desiring to