The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER
CHARTER OF FINKELSTEIN & co.
INC.

United States of America. Parish of Or
leans, City of New Orleans. BE ii known
That on this Goth day OF the month OF Jan
uary, 1927. before me. Scott +. Beer, no.
tary public. in and for the Parish of Or
leans. State of Louisiana. therein residing
duly sworn. commissioned and qualined
and in the presence of the witnesses here
matter named and undersigned, personally
came and appeared, the persons herelhaiter
subscribing, who declared that availing
themselves of the laws of the State of Lou
isiana in such cases made and provided
relative to the organization or corpora
lions. they have constituted themselves
their successors and assigns, corporation
under the stipulatiOns hereinafter set forth
which they here presently adopt as their
charter. tO-Wit:
ARTICLE 1.-The name of this corpora
ton shall he Finkelstein X Co., Inc, and
its period of duration shall be ninety-nint
years from and after the date hereof, and
il shall have. for the purpose of the bust
ness TO be carried on by IL. all the powers
conferred by law upon corporations, ana
shall exercise generally all the powers
necessary to carry on said business.
ARTICLE 1.-THE domicile of this cor.
pOration shall be in the City of New Or
leans, State of Louisiana, and all citation
and other legal process shall be served
on the President. and, in his absence OF
inability to act, upon any other officer OF
this corporation.
ARTICLE II-The objects and pur.
poses for which this corporation is or
ganized and the nature and character OF
the business to be carried on by it, are
hereby declared to be: To conduct and
carry on, in New Orleans, La, or else
where. the business of dealing, ut whole
sale, in ready to wear and notions, OF all
kinds. and all kindred lines to buy and
sell the same, and to do all and every
kind of business incidental thereto or con-
nected Herewith.
ARTICLE IV.-The amount of the cap
ital stock of this corporation is hereby
declared to be sixty thousand dollars $780,
OD0.O0). which shall consist of six hundred
bred dollars (SlOO) each; fifty per cent
of the same shall be subscribed for before
the filing of these articles Of incOrpora-
ton, and fifty per cent of said subscrip
ton twenty five per cent of the capital)
shall be paid for before this corporation
shall engage in business. All of the stock
subscribed for shall be paid for in cash
property, or labor actually received oil
done for this corporation. The amount Il
which the capital stock of this corpora
ton may be increased shall be one hun
dred thousand dollars (SlO0OO0). No trans
fer of stock shall be binding on this cor.
poratiOn unless made on the books OF
this corporation, and no sale or other dis
position shall be valid unless first Offered
to the remaining stockholders of this com
pany for ten days at price not to exceed
said offer, after which, if the said offel
is not accepted. the stock may be sold b!
the owner thereof at will. All stock ac
quired in this corporation shall be subject
to the provisions of this charter.
ARTICLE v.-All the powers of this cor
pOratiOn shall be vested in and the bust
ness of this corporation managed anC
transacted by Board of Directors. to b'
composed of four stockholders, three g
of whom shall constitute a quorum. The
Board of Directors shall be elected an
nually on the first Tuesday of January
The first Board of Directors named in thii
charter shall serve until the next annua
meeting of the stockholders, or until theil
successors are elected and qualified. Tn,
first Board of Directors shall consist OF
the following: Reuben Finkelstein, New
Orleans, La; Abraham Finkelstein, New
Orleans, La: Jacob Greenberg, New Or
leans, La; Ida F. Greenberg. New Or.
leans. La, and of the above named Direc
tors the following shall be the officers. to
wit: Reuben Finkelstein, President; Abra
ham Finkelstein. Vice President; JacOt
Greenberg. Secretary: Ida f. Greenberg
Treasurer. all of whom shall hold theil
offices until their successors are elected
and qualified. Each subsequent Board OF
Directors shall elect from its number, as
soon as-possible after its own election, 9
President. q Vice President, a Secretary
and a Treasurer; and may appoint such
agents or employees as they may deem
necessary and proper for the business OF
the corporation. All elections shall be by
ballot at the office of the corporation, IN
der the supervision of three commission.
ers, to be appointed by the Board. which
said commissioners need not be stockhold
ers. Notice Of such meeting, or any meet
ing of the stockholders or the Board OF
Directors, unless waived by unanimous
consent, shall be given by the Secretary
at least fifteen days prior to the date OF
the meeting. in writing, either in person
or by mailing same to the stockholders nj
1Sf known ad
all meetings of the stockholders every
stakeholder shall be entitled to one vote
for every share of stock standing in his
name on the books Of the corporation or
which said votes may be cast either In
person or by proxy. which proxy must be
in writing, and a majority of votes cast
shall determine or elect. The failure t.
said, shall not affect or dissolve this cor
poratiOn nor impair its management in
any respect; but the Directors then In
Office shall hold Office until their success
sors are elected and qualified. All vacan.
cies in the Board, no matter for what
cause. shall be filled for the remainder Of
the term of the Board by the remaining
Directors. Any member of the Board may
appoint a proxy in writing to represent
him at the meetings of the Board, whC
need not be a stakeholder.
ARTICLE VI.-This act of incorporation
may be modified. changed. altered oil
amended, or the said corporation may bt
dissolved with the assent of two-thirds OF
the capital stock outstanding. at a meeting
of the stockholders called for that pur-
pose, after fifteen days notice, in writing
delivered in person, or mailed to each
stakeholder. fifteen days prior to the dats
of the meeting, at their last known ad
dress. All notices may be waived by unan-
imous consent. In case of dissolution. the
affairs of this corporation shall be lidui-
dated by two commissioners to be chosen
by the stockholders.
ARTICLE Vino stakeholder shall
ever be liable for the contracts or faults
of this corporation in any further sum
than the unpaid balance due the corpora
ton on the shares of stock owned by him
nor shall any mere informally in its or.
ganization have the effect of rendering this
charter null or Of exposing the stockhold-
ers to any liability beyond the amount due
and unpaid on his stock.
ARTICLE vIII-The subscriptions OF
the subscribers hereto, to-wit, Reuben
Finkelstein, for $50 shares. or $4,000;
$1,000; Jacob Greenberg. for 50 shares, or
$1,000; Ida f. Greenberg, for SO shares, or
5000, are covered blythe transfer to this
corporation by said Reuben Finkelstein
Abraham Finkelstein, Jacob Greenberg and
Ida +. Greenberg, of the merchandise fix
lures and open accounts and bills re-
ceivable, ETC., going to make up the bust
ness at present conducted on Canal, near
Camp streets, New Orleans, La, under the
name and style Sof Finkelstein & Co.
(owned by the said four parties in the
said proportions, to-wit, Reuben Finkel-
stein 1890, Abraham FinAelstefn go
IQanh rraanhnr0 < nd 40