The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-03
CHARTER.
CHARTER OF LOTKA COMPANf'
INCORPORATED.

limited States of America. State OF Louis
lana Parish of Orleans, City of New Or
leans BE ii known, That on TINS
Fifteenth day or the month Oh rnnnsand
Nine Hundred and Twenty one, ana OF
the Independence of the united states 0i
America, the one hundred ana 1orty -nIth.
Before me, Arthur John Peters, N0thrS
Public duly commissioned and qual1hed'
In and for the City of New Orleans, IN
the. Parish Of Orleans and state Oh LOUIS
lana domiciled in the said City, farlsh
and State, and In the presence OF tne
witnesses hereinafter named and under
signed Personally came and appeared
The several persons whose names arr
hereunto subscribed all above the fuii age
of majority, who severally declared that:
ayailing themselves Of the provisions OF
Act No. 287 of. 1914, as well as OF the
general laws Of the state OF Louisiana
relative to the organizations OF corpora
tions, they hereby form themselves INTO
and constitute n corporation for the objects
and purposes and under the stipuiations
hereinafter set forth.
ARTICLE /. The name and title Of this
corporation shall be; %L0TkA x I'm
shall be in the City of New Orleans, and
1T shall have and enjoy succession and
corporate existence by its corporate name
for a period Of ninety nine 800 years
from and after the date hereof.
This corporation shall have power and
authority to contract, sue and be sued In
its corporate name; to make and use
corporate seal; to hold, receive, hire and
purchase real and personal property, and
to sell, mortgage or pledge the same ana
to borrow money and issue bonds, notes
and other obligations.
All citations or other legal process shall
be served upon the President, and In the
event of his absence or inability to act
upon the Vice president of the Corporation,
and In the event of absence or inability
to act from any cause OF both OF said
officers, the same shall be served upon
the Secretary Treasurer Of the Corporation.
ARTICLE H. The objects and purposes
for which this corporation Is established
and the nature Of the business to be carried
on by 1t are declared to be: To deal In,
manufacture, and buy and sell at retail
pleating button covering and hemstitching
ARTICLE III. The capital stock Of
the corporation is hereby fixed at the sum
Of Ten Thousand 410.0000O) Dollars
divided into and represented by one hun
Ds asa '9 OF one hundred hundred $1,000 dollar,
each. The capital stock may be increased
to the sum Of Fifty Thousand ($oO,OOOO0
Dollars.
Said stock shall be paid for in install
ments of such amounts and at such time
as the Board Of Directors may determine
but any part or parcel Of said stock ma!
be issued by said Board OF Directors q
not less than par in payment OF labor done
services rendered or property actuall!
received by the Corporation.
No stakeholder of said Corporation shal
sell his stock to any person not alread
a stakeholder until he has first offered
for sale during a period of ten days to tn
Board of Directors of the Corporation a
its then book value; and II not purchase
by any member of the Board of Director.
until he has offered II for sale to the stoci
holders during a period of ten days afte
the expiration Of the above mentioned tie
days.
ARTICLE Nv. All the corporate power
of this corporation shall be vested In an
exercised by Board OF three (3) directors
to be composed of stockholders, a majorit
Of whom shall constitute quorum fo
the transaction of any business. tn
Board of Directors shall be vested wit
full power and authority to make a
contracts, purchases, and safes and adoI
all bylaws, rules and regulations for I'll
government and affairs Of the Compan.
and alter, amend, and change the same 8
pleasure; appoint, hire and discharge, a
officers, agents and employees, fix n
salaries. and generally to do and perforI
all things necessary in the transaction {