The herald., 1920-11-25
CHARTER OF MYRON MILLINERY,
INC.


United States of America, State OF Lou
isiana, 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, before me. Edgar Mayer Calm, a 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-
dersigRed, personally came and appeared
the several persons hereinafter named and
undersigned, all Of the fun age Of major
ity, who seyerally declared. that awaiting
themselves of the laws of the State OF
Louisiana, and particularly oa the pro
visions of Act Number 26T of the General
Assembly OF 1914, relative to the forma-
ton of corporations, they coveuanted
ana agreed. and by these presents do
covenant and agree. for themselves, their
successors and assigns. to form them
selves into corporation, and body polite.
Tor the objects and purposes and under
the supulations following, tO-wit:
ARTICLE THE name and title of this
corporation shall he MyrOn Millinery. Inc
ARTICLE 1.-THE purposes and OBJ
jeCts for which this corporation i orr.n-
lzed and the nature Of the business to be-
carried on by IL, are declared 10 be. as
follows: To conduct and carry on the
business or manufacturing. buying, selling
ana dealing, generally, in millinery host
cIes OF wearing apparel. artificial flowers.
and other millinery sppcialtiaS as well as
an other articles of merchandise, of a
kindred nature, and to act a. general
merchants. To acquire the property rights
franchises, goodwill and assets of every
KIND, OF any person, firm CORPORATION ar
association, either wholly or partly, and
10 pay for same in cash or in the stool
of the company. or otherwise ms NAV h.
permitted by the laws of this state. ana
especially 10 take over, as a going concern
any business OF similar nature now be-
ing carried on in this city. or elsewhere
ARTICLE III.-The capital stock OF his
company snail be thirty thousand dollars
tS5O.oooOOl, divided into three hundred
Iooo} shares, OF the par value of one hun
teen thousand dollars CSl5 OOOOO). that il
one hundred and fifty (l5O) shares OF m.
par value of one hundred dollars $500 On,
each' shaH be subscribed and paid for
upon or Immediately after the organization
OF TINS company. Such sapital stock shall
De PAID Tor in cash or in property it,
equivalent. and II not in cash then the
BOARD OF Directors Of the Company shall
determine the value of such eunivaIont
ouer. The corporation by a vote of m,
majority of the entire Board Of Directors
may authorize an increase Of the canitaI
s stoCk up 10 total of one hundred and
htty thousand dollars, by a wo-tbirds
vote OF the issued stock at a meeting hold
according TO law. This Company shall no
a gong concern and shall have the right
thousand dollars (Sl5,OOO.OO) shall bava
oeeh subscribed for. All sales and Other
transfers of any of the stock of this cor
poratlon shall be void. unless said stock
shalI nave been previously offered to tn
men existing stockholders, through the
BOARD OF Directors, at a Stimulated nrico
ana II the Board for said stockhoIdarS
does t6 not see fit to purchase said stock,
theh IL snail not be sold at q less price
or upon more favorable terms. witbon;
hhe"lse offering IL to the Board, AT such
price and upon such terms In case Of
s SAFE or transfer of stock or the issue of
Increased capital stock, the then boldars
OF stock of the Company shall bave tba
rlsht TO purchase such stock i'm the ratio
OF thelr holdings Of stock of the Comnanv
ms provision shall be written. printed
VI stamped on each certificate of stock
any shares not taken in proportion may
De taken by the other shareholders.
ARTICLE IN.-The domicile OF the cor.
SS.at a'ioR Snali De the City of New Orleans.
STATE OF louisiana, where all citations or
9 1 legal process, shall be served on the
PRESIDENT or, in his absence or incanacitv
on the Vice President
ARTICLE V.-ThIs cornorattor sbou
nave ana ENJOY succession and duration
Tor the period OF ninety-nine 1891 vear,
from the date hereof WV ''"i'
ARTICLE NI.-AH the corporate powers
OF TINS corporation. shall be vested in ana
exercised by a Board of Directors wb;rb
snali De composed of not less than three
NoJ directors, Of whom the aiority shall
constitute quorum for the transaction of
business. The following named persons
shau constitute the first BOARD of Dire
TORS, to-wit: i. Myron l.. Kohnstapm. who
snail be the first President . Arthur I
KILLER, VINO shall be Vice President 3. Gill
bert friedrich, who shall be Secretary and
treasurer. And they shall hold their SAID
places as Directors and officers until Sen
TENDER goth, 1922 or until their success
s sors are elected and qualified. Thereafter
the Board OF Directors shall be composed
OF stockholders, each owning not less than
one ~ share OF stock, who shall be elected
annually by the stockholders, at a meeting
on the thiTtieth day of September, 1927
ana annually thereafter, on the THIRTEEN
Gay or September Of each year Ii said
day should be a legal holiday, the meeting
snail be held on the next business day. Al
an meetings OF the stock holders, the voting
shai De by ballot, and each share shall
count for one vote. After such election of
the Board Of Directors, said Board shall
eject the Officers Of the Company, end such
re- tso'i0n may De by ballot, or viva vOce
The Board Of Directors shall employ an
dismiss such clerks. managers and other
employees as the interest and business a
tne company may justify, and they may.
oy resolution delegate this power to M
one or more Of the officers Of the Com
pany. Any OF the Directors may, by writ
ten instrument, appoint another Director
20 ACT as his proxy at any and ali meetings
Oh the Board OF Directors. Failure TO hold
the annual meetings to elect Directors shall
not impair the validity of this CORPORATION
or Its management, but the Directors and
omcers snail continue in Office until their
successors are elected. The Board shall
have the power to make and also to amend
or repeal bylaws for the regulation of
the business of the corporation. Vacan-
cles In the Board Of Directors may be allied
elect
ARTICLE VII-The officers of this chr.
poration shall be a President, a Vice Pres.
gent a treasurer and Secretary, but the |
ounce OF Secretary and Treasurer may be
ombined in one person. Each of these
omcers' with the exception of the Secre-
lary, must be stakeholder,
ARTICLE VIII.-No notes or other
negotiable instruments, and no orders for |
me payment OF money and no contracts
snail be valid, unless the same shall b.
authorized by the signatures of two offie
GERS of the Company.
ARTICLE N.-No stockholders shall
ever be held liable or responsible for any
Oh the contracts or faults of this CORPORA.
Llon, In any further sum than any unpai,
balance due on the shares of stock owned |
ny MIN nor shall any informality in or |
sanlzation have the effect of rendering IN, |
,narter null. or Of exposing a stockholder |
his stock. OA
ARTICLE X.-This Charter NAV he al- |
tered or amended in any manner. includ. |
ny the increase or decrease Of its capital |
STOCK, and the affairs of the corporation
wound up, and the corporation itself dis
solved, by vote of two thirds q L3) OF |
me capital stock, cast at a meeting called |
Ior that purpose after a thirty 1901 davis
written notice, which notice, however. may
De waived in writing
ARTICLE XI.-The incorporators here |
~ nave placed opposite their respective |
signatures the number Of shares OF the
capital stock for which each no. -