The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-22
CHARTER or l.. TEIBLEMAN 4 co.
INC.

BE IL known, that on TINS tpih udN VI
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. Leverich, n Notary PuDIlc, unly
commissioned and qualified, in and for the
Parish of Orleans. state of Louisiana,
therein residing. and i'm the presence OF
the witnesses hereinafter named ana I'M
derSigned. personally came ana 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 cOYenanted and agreed,
and do by these presents covenant, agree,
bind, form and constitute themselves, as
well as such persons as may hereafter
Join OF become associated with them. in
to corporation OF 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 x Co,
Inc. and under is corporate name it
shalt enjoy succession for the full term
and period of ninenty- nine years from and
after the date hereof, and shall have power
and authority to contract, sue and be
sued; TO accept and 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-
pOthecate under its corporate name, prop
erty 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 aud hold stock in
other corporations: to acquire, hold aud
reissue shares of it's 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. as the interest and convenience
of said corporation may require; and to
make and establish. as Well as alter and
amend Mt pleasure such bylaws. rules and
regulations for the management and regu-
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 are author
lied TO do under the Jaws OF the State of
Louisiana.
ARTICLE 1.-THE domicIe of this cor
poration shall be 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 il, are hereby declared to
be: To manufacture. buy. sell and deal in,
ing, wearing apparel and textile fabrics
of every kind. hats. caps, millinery. boots.
shoes, furnishing goods. fancy goods, fur
Diture, carpets, mating. china, glassware,
stoves, heaters groceries. household goods,
and generally. merchandise Of every kind.
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
IN hrIv ona1
sell at 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 us
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 it's
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
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
jects and purposes.
ARTICLE Iy.-The capital stock of this
corporation is hereby fixed at One Million
Isl 900, O0000) Dollars. represented by Ten
Thousand 100000 shares of the par value
Of One Hundred ($l0000) Dollars per
share. The amount Of said stock may he
increased to Five Million $4,000 600 OG)
Dollars. The entire One Million Isl 200
O00.O0) Dollars of stock presently author
lied is to be issued for and in consider
"a dnl H.
OF all of the assets ana liabilities of the
mercantile nrm and partnership of T..
Feibleman 4 Co, as of January 31st 1920
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 stockholder
snail 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 10 them at the book value thereof
BOO 'alue" as used herein is hereby de-
M % mean the value at which the as
sets and liabilities Of the CORPORATION have
b' m In good faith entered upon its hooks.
; ich written offer shall be addressed to
re other stockholders. and to the corpor-
auon, itself. collectively. and shall be de-
hvered to the office of the corporation not
h
uon 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
or the stockholders DESTROYS of purcha sing
pear TO each other; and If the total which
such other stockholders desire TO mr.
chase is less than the total offered for
sale. then. after each of the other STOCK
holders shall have taken and paid for the
s,hDuht OF STOCK which he or she desires
10 Duy and TO which he or she is entitled
then the remainder untaken shall he omen
TOT purchase by the CORPORATION itself. and
unless prohibited by law. the CORPORATION
may itself use and apply its surplus earn
lngs or accumulated profits to the mr..
ennse IRON any stakeholder desiring to
sen OF any portion of that stockhoIder,s
stock which none of the other stockbolders
may desire TO acquire at the moor vayna
tnereof; provided. that the cornorat;on
snal, not apply any of its capital TO the
lurcnase OF such stock but shall ALWAYS
, n,alsin It's capital unimpaired. The cor
poration shall have the right TO refuse 70
transfer any stock so long as the share,
holder demanding the tranfer is On en-,
way indebted to the Corporation and an
corporation shall have a lien. nIedga anS
privilege on each share Of stock 10 secure
,n htndeotedness due by the shareholder
20 me corporation. Should any on the
STOCK offered for sale be not desired hv
the other stockholders, and sbonid az
corporation itself be unwilling or un,hio
10 purchase any Of the same ont ~ re
Surplus 81 earnings, within ten DAYS from
Az ,,e,.Ip AT the corporations Office of
the written offer to sell. then. and then
ohp shall the stockholders DESIRING ta
Ell ne entitied to transfer such undesired
poruoh or the stock to such person nv