The herald., 1921-02-17
CHARTER
CHARTER OF FINKELsTEIN & CO..
INC.

leans. CITY OF New Orleans. he IL Known I
That on this 10Th day of the month OF Jan
nary 1927. before me. Scott +. Beer, no
tary public. in and for the PARISH OF VI =
leans. state of Louisiana, therein resldlhG'
duly sworn. commissioned ana quallh'd' Z
and in the presence of the witnesses mere
matter named and undersigned. personally
came and appeared, the persons hertlhaittr
subscribing, who declared that aEaiiIhN
themselves of the laws of the state OF Lou
iSiana in such cases made ana prONldeh'
relative to the organization OF corpora
lions. 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 y Co.. Inc, anu
its period of duration shall be ninety MN
years from and after the date hereof, ana
If shall have. for the purpose or the Dusi-
ness to be carried on by 1t. all the powers
conferred by law upon corporations, anu
shall exercise generally all the powers
necessary to carry on said business.
ARTICLE 1.-THE domicile of this cor.
porntion shall be in the City OF New Or
leans. State of Louisiana, and all citation
and other legal process snail De serN'u
on the President, and. in his absence or
inability to act, upon any other ohcer Oh
this corporation.
ARTICLE UI-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, arr
hereby declared to be: To conduct and
carry on. in New Orleans. La or else
where. the business of dealing. nj WholeI
sale. in ready to wear ana nOtlonS, OF an
kinds. and all kindred lines; TO bny anu
sell the same, and to do all ana every
kind of business incidental thereto or con-
neCted herewith.
ARTICLE IV.-The amount of the cap
ital stock of this corporation l. hereby
declared TO be sixty thousand dollars $3.50
| an M which shall consist OF SIX nlnUTffl
(6OW shares of the par value OF one nun
dred dollars $500 each htty per cent
of the same shall be subscribed Tor before
the filing of these articles of lncorPora-
ton. and fifty per cent of said SubScrlp-
ton twenty-five per cent of the capltaD
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. Inc amount 10
. which the capital stock OF TINS corpora
ton may be increased shall be one hun
bred thousand dollars (SlOO.OOO). No trans
: fer of stock shall be binding, on TINS cor
pOratiOn unless made on the books OF
this corporation. am no sale or Other dlN,
' ~positiOn shall be valid unless first offered
to the remaining stockholders of TINS com
pany for ten days ut a price not to exceed
q the book value thereof on the date of the
I said offer. after which, if the said OfeI
is not accepted. the stock may be sold by
the owner thereof at will. All stock &C.
quirrd in this corporation shall De supJecI
70 10 the prov Slbho ~ inns hHAN''
ARTICLE V.-All the powers of this cor
p~oration stsall be vested in and the busl
is ness of this corporation managed am
IF transacted by a Board of Directors, to b.
=. composed of four stockholders, three T."
n of whom shall constitute n quorum. IN
lr Hoard of Directors shall be elected an
:. nuaIly on the first Tuesday of January
In The first Board Of Directors named III I'M
as charter shall serve until the next annua
meeting of the stockholders, or until thel
successors are elected and qualired. In
W first Board of Directors shall consist G
II, the following: Reuben Finkelstein. Ne
~ Orleans. La: Abraham Finkelstein. Ne
r. Orleans, La: Jacob Greenberg, New o.
VI leans. La; Ida +. Greenberg. New vi
Nv leans. La. and of the above named Dire
= tors the following shall be the officers, u
wit: Reuben Finkelstein. President; Abr
hE ham FinkelStein. Vice President; Jaco
a! Greenberg. Secretary; Ida r; Greenoer
Treasurer, all OF whom shall hold the
'n- offices until their successors are elect'
II and qualified. Each subsequent Board
vi Directors shall elect from its number,
soon as possible after its own election,
a President. a Vice President, a Secreta'
and a Treasurer; and may appoint SUI
ng agents or employees as they may dee
m necessary and proper for the business
a the corporation. All elections shall De
as ballot at the office of the corporation. u
ice der the supervision of three comm1sslo
md ers, to be appointed by the Board, WIN
said commissioners need not ne stockho
ard ers. Notice of such meeting, er any met
ors ing of the stockholders or the Board
Directors, unless waived by unaninio
,or- consent, shall be given by the Secreta
los at least fifteen days prior TO the date
mn, the meeting, IN Wrltihs, eilner ~ pr
or by mailing same to the stockholders
mn, their last known postonhce address.
inn. all meetings of the stockholders eve
stakeholder shall be entitled to one v
for every share Of stock standing in
q name on the books of the corporation
who the date of the said election or meeti
ton which said votes may be cast either
sors person or by proxy, which proxy must
in writing. and a majority of votes c
shall determine or elect. The failure
tion hold elections or to elect directors as arc
ded. said. shall not affect or dissolve this c
as poration nor impair its management
ders any respect; but the Directors then
con- office shall hold office until their suct
ays' sors are elected and qualified. All vac
ting cies in the Board. no matter for W
cause. shall be filled for the remainder
/, of the term Of the Board by the remain
the Directors. Any member of the Board I
heir appoint a proxy IN "riuns ~
ting him at the meetings of the Board, '
teen need not be q stakeholder.
such ARTICLE vI.-This act of incorporat
may be modified, changed. altered
amended. or the said corporation may
p all dissolved with the assent of two-thlrd'
ORA the capital stock outstanding. at a meet
Of the stockholders called for that !
con- pose. after fifteen days notice. In writ
delivered in person, or mailed 10 {
meet stockhoider, fifteen days prior to the
Dugh of the meeting. at their last known
his dress. All notices may be waived by VI
jmous consent. In case of dissolution,
meet affairs of this corporation shall be IL
shall dated by two commissioners 10 De cn'
by the stockholders.
ARTICLE VINO stakeholder S
ever ever he liable for the contracts or Ia
con- of this corporation in any further
ton than the unpaid balance due the corp
MIA tion on the shares of stock owned by
char nor shall any mere i~nformality in Its
er to ganization have the effect of rendering
ance, charter null or of exposing the stockh
ers to any liability beyond the amount
49,, and unpaid on his stock.
her. ARTICLE vIII.-The subscriptions
4 Of the subscribers hereto. tO-wit, RE-
book Finkelstein, for 450 shares, or $40
ten Abraham Finkelstein, for 90 shares
r re- 81 600: Jacob Greenberg. for 80 share
It ac- 5000: Ida +. Greenberg, for 80 share
10) s. 900. are covered by the transfer 10
{ his. corporation by said Reuben F1nkels
roper. Abraham Finkelstein, Jacob Greenberg
posite Ida f. Greenberg, of the merchandise
r of lures and open accounts and bills
each ceiyable. etc, going to make up the
' also ness at present conducted on Canal,
list. lCamp streets, New Orleans. La. unde
..,. name and style of F1nkelsteln .
'tsrIai (owned by the said four parties III
aIorS- said proportions, tO-wit, Reuben FL
enuh stein 1890. Abraham F1nalsteln
MI Jacob Greenberg 8 $50, and Ida r. VI
y Inis berg 5/6O) as set out on the stateme
lsmes' assets hereto attached and marked
ia me the said statement showing the val