The herald., 1920-11-04

INC.
United States of America, State o. Lou.
isiana, City of New Orleans, Parish of Or
leans. BE IL known. That on this the
10Th day of the month OF october, in the
year one thousand nine hundred and TWEEN
~. before me Edgar Mayer Calm. a No
tary Public, duly commissioned and quail
ned. in and for the Parish of OrieaGs
State Of Louisiana, and In the presence OF
the witnesses hereinafter named and un-
dsrsigRed personally came and appeared
the several persons hereinafter named and
undersigned, all OF the fun age Of major
ity, who seyerally declared. that ava!lInE
themselves of the laws OF the State OF
Louisiana. and particularly o. the pro
visions of Act Number -6I Of the General
Assembly Of 1914, relative 10 the forma-
ton Of corporations. they cOyenauted
and agreed and by these presents do
covenant and agree. for themselves. their
successors and assigns. to form them
selves into q corporation. and body polite.
for the objects and purposes and under
! the stipulatiOus following, tu-Wit.
! ARTICLE The name and title Of this
corporation shall be NyrOu Millinery. Inc
| ARTICLE 1.-THE purposes and oh
| jr,Js for which this corporation l. organ
/ lied and the nature Of the business to DE-,
| carried on by il. are declared to br as
| follows: To conduct and carry on thu
/ business OF manufacturing. buying. selling
! and dealing. generally, in millinery. ho>i-
/ cry, feathers. ribbons, hats, notions. artI.
! ClvS OF wearing apparel. artinciul flowers
and other millinery sp"rialIi"S. as well as
| all other articles Of merchandise. Of a
! kindred nature and to act as general
| merchants. To acquire the property. rights.
/ franchises, goodwill aud assets Of every
Kind. Of any person. firm, corporation or
dissertation, either wholly or partly, and
10 pay for same In cash. or in the stock
Of the company. or otherwise, rs may be-
/ permitted by the laws of this State: and
/ especially to take over. rs a going concern.
any business of similar nature. now be.
be-. -i.H in .sfFF 4 .T...r.
ARTICLE III.-Thr capital stock of this
Company shall be thirty thousand dollars
tS3O.OV000D. divided into three hundred
1900 shares Of the par value. of one hun
teen thousand dollars tSl5.OOO OOD. that j.
one hundred and nifty tlJOl shares of tn.
par value of one hundred dollars $500 go
each, shall be subscribed and paid for.
upon or Immediately after the organization
% this Company. Such Sapital stock shall
b" paid for in cash or in property. its
equivalent. and if not in cash. then the
Board of Directors of the Company shall
determine the value of such equivalent
Oher. The corporation by a vote of the
majority of the entire Board of Directors
may authorize an increase of the capital
stock up to a total of one hundred and
. nifty thousand dollars. by 4 twO-thirds
vote of the issued stock at q meeting held
according TO law. This Company shall b,
going concern and shall have the right
TO carry on business as soon as fifteen
thousand dollars (SljOOOOO) shall have
been subscribed for. All sales and other
o. | transfers of any of the stock of this cor
pOration shall be void unless said stock
shall have been previously offered to IN.
then existing stockholders, through tn,
board OF directors, at stipulated pric"
81 and IL the Board for said stakeholder.
does not see fit to purchase said stock
then II shall not be sold ut less price
or upon more favorable terms, without
likewise offering ii to the Board at Sucl
; price. and upon such terms In ease o
: sale or transfer of stock or the issue o
y increased capital stock the then holder
Of stock of the Company shall have III
! right to purchase such stock in the rati,
, of their holdings of stock of the Company
This provision shall be written, printe,
= or stamped on each certificate of stock
T. Any shares not taken in proportion ma,
S be taken by the other shareholders.
D.: ARTICLE IV.-The domicile OF the col
d poration shall be the City of New Orleans
:. State of Louisiana, where all citations. o
d other legal process. shall be served on tn
" President. or, in his absence or incapacitl
J. on the Vice President.
20 ARTICLE V-This corporation sha
D. nave and enjoy succession and duratio
y for the period OF ninety nine (99) year
II from the date hereof
y ARTICLE Vial the corporate power
= OF this corporation shall be vested in an
exercised by n Board of Directors, whic
is shall be composed of not less than thr,
j. ! t3D Directors, of whom the majority sha
ii constitute quorum for the transaction
"a business. The following named person
an shall constitute the first Board of Dire
"a tors, to-wit: l. Myron l.. Kohnstamm, wi
he shall be the first President. . Arthur
4 Hitler. who shall be Vice President. 3. Gi
te bert friedrich, who shall be Secretary al
no Treasurer. And they shall hold their sa
m places as Directors and officers until Sc
J. TENDER Both, 1922. or until their succe
sors are elected and qualified. Thereaft
the Board of Directors shall be compos,
De of stockholders, each owning not less thu
-, one "a share OF stock, who shall be elect,
OF annually by the stockholders. at a meetiI
10 thirTiath nf IN har
~ and annually thereafter. on the thirtie
y, day of September OF each year. If sa
- day should be legal holiday, the meetil
i'S shall be held on the next business day.
all meetings OF the stockholders, the vOtil
er shall be by ballot, and each share shi
er count for one vote. After such election
ny the Board of Directors said Board shi
he elect the officers of the Company, and su
AL election may be by ballot, or viva yo
I'D The Board of Directors shall employ =
Irs dismiss such clerks. managers and 9th
all employees as the interest and business
'or the Company may justify, and they ms
. by resolution, delegate this power to Il
all one or more of the officers OF the Co
Dr. pany. Any Of the Directors may. by wr
10 ten instrument, appoint another Direct
ne to act as his proxy at any and all meetin
an of the Board of Directors. Failure TO he
ri the annual meetings to elect Directors sh
10 not impair the validity of this CORPORATE
-, or it's management, but the Directors a
40 officers shall continue in Office until tn
IN, successors are elected. The Board sh
asS nave the power 10 make ana also 10 anne
70 or repeal bylaws for the regulation
the business OF the corporation. Vac;
md cies in the Board of Directors may be i'll
ted by the remaining Directors, until
- | stock hOlders elect.
Oao ARTICLE VII.-The officers of this C
nm pOration shall be a President, a Vice Pr
the ident, Treasurer and a Secretary, but
he office OF Secretary and Treasurer may
n combined in one person. Each of tn
nts officers, with the exception of the Sec
mn tary, must be a stakeholder.
ma ARTICLE VIII.-No notes or OF
On negotiable instruments, and no orders
a. the payment of money and no contra
or shall be valid unless the same shall
On authorized by the signatures OF two O
80 GERS of the Company.
nou ARTICLE IA.-No stockholders 81
Isn ever be held liable or responsible for
,ic. of the contracts or faults of this corpC
80 ton, in any further sum than any uup
| balance due on the shares of stock ow
900 | by him; nor shall any informally in
80 ganization have the effect of rendering
80 charter null, or of exposing a stockhol
80 to any liability beyond any amount due
- his stock.
Dt ARTICLE X.-This Charter may be
~ tered or amended in any manner, inc
- ing the increase or decrease of it's cap
a., stock, and the affairs of the corporal
Iii wound up, and the corporation itself
In solved, by a vote of two-thirds e. /3)
an ~ the capital stock, cast at a meeting ca
- for that purpose, after a thirty (30) d
LII written notice, which notice however
ny be waived in writing.
'i'" ARTICLE XI.-The incorporators
;, of have placed opposite their respeC
signatures the number of shares of
III capital stock for which each has
who o. - H. ~ 80 "a no,i aiS az - p"
N LIST nf "a