The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-03
CHARTER
CHARTER OF FINKELsTEIN & CO.
INC.

United States of America, Parish of Or
leans, City of New Orleans. Be il known,
That on this 26th day of the month of JAN
uary, 1921, before me, Scott L. Beer, no
tary public, in and for the Parish of Or
leans State of Louisiana. therein residing,
duly sworn, commissioned and qualified,
and in the presence of the witnesses here
matter named and undersigned. personally
came and appeared, the persons hereinafter
subscribing, who declared that availng
themselves of the laws of the State of Lou
iSiana in such cases made and provided,
relative to the organization of corpora
tions, they have constituted themselves,
their successors and assigns, a 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 be Finkelstein Co, Inc, and
its period of duration shall be ninety nine
years from and after the date hereof, and
1t shall have, for the purpose of the bust
ness To be carried on by it. all the powers
conferred by law upon corporations. and
NALL 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 or
inability to act, upon any other officer of
this corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
the business to be carried on by il, are
hereby declared to be: To conduct and
carry on, in New Orleans. La. or else
where, the business of dealing, at 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,
100000, which shall consist of six hundred
(6OO) shares of the par value of one hun
dred 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 capitaD
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 or
done for this corporation. The amount to
which the capital stock of this corpora
ton may be increased shall be one hun
bred thousand dollars (S1OO.OO0). No trans
fer of stock shall be binding on this cor
porati0n 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 a price not to exceed
the book value thereof on the date of the
said offer, after which, if the said offer
Is not accepted, the stock may be sold by
the owner thereof at will. All stock ac-
quired in this corporation shall be subject
10 the provisions of this charter.
ARTICLE YAH the powers of this cor
pOratiOn shall be vested in and the bust
ness of this corporation managed and
transacted by a Board of Directors to be
composed of four stockholders. three CD
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 this
charter shall serve until the next annual
meeting of the stockholders, or until their
successors are elected and qualified. The
first Board of Directors shall consist of
the following: Reuben FinkeIstein 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: Jacob
Greenberg, Secretary; Ida +. Greenberg
Treasurer, all of whom shall hold their
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, a
and 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, I'M
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
Mt least fifteen days prior to the date OF
the meeting, in writing. either in person
or by mailing same to the stockholders al
their last known postoffice address. Al
all meetings of the stockholders every
stakeholder shall be entitled to one vote
for every share of stock standing in his
n Vnn hn hnl Of
the date of the said election or meeting
which said votes may be cast either in
person or by proxy, which proxy must be
in writing, and majority of votes cast
shall determine or elect. The failure tO
hold elections or to elect Directors as afore.
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 filed for the remainder OF
the term of the Board by the remaining
appoint proxy in writing to represent
him at the meetings of the Board, who
need not be stakeholder.
ARTICLE VI.-This act Of incorporation
may be modified, changed. altered or
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 date
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 i'm any further sum
than the unpaid balance due the corpora
ton on the shares of stock owned by him.
nor shall any mere infOrmality 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 $45, 900
Abraham Finkelstein, for 80 shares. or
5000; Jacob Greenberg, for so shares. or
5000; Ida 4. Greenberg, for so shares. or
5000. are covered by the 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 of Finkelstein & Co
towned by the said four parties in the
said proportions, to-wit, Reuben Finkel-
Jacob Greenberg 5 /60, and Ida f. Green
berg $500 as set out on the statement OF
assets hereto attached and marked "a,
the said statement showing the value OF
the merchandise, fixtures, open accounts
and bills receivable, less the bills and &C
counts payable, the bills payable being as
sumed by the corporation; which state
&c fn nv ha NJ X