The herald., 1921-10-06
CHARTER OF UNION NOVELTY
STORE, INC


United States of America. State of Louis
lana. Parish of Orleans, City of New Or
leans BE il known, that on this fourteenth
day of the month of September, III the
year of our Lord one thousand, nine hun
drpd and twenty one before me. Sol.
Weiss, a notary public, duly commissioned
and qualified in and for the Parish of Or
leans. therein residing and in the presence
of the witnesses hereinafter named and un-
derSigned, personally came and appeared
the persons whose names are hereuntu
subscribed and who declared that they are
of full age of majority and residents Oi
the City of New Orleans and that awaiting
themselves OF the laws of the State OF
Louisiana relative to the formation OF
corporations, they do constitute them
selves, their associates, successors and as
signs into a corporation under the Stipula-
tiOns herein set forth which they adopt
as their charter. tO-wlt:
ARTICLE THE name of this corpora
ton shall be Onion Novelty Store, Inc.
ARTICLE 1.-THE dOmicile of this cor
pOration shall be in the City of New Or
leans, La.
ARTICLE II-The objects and purposes
of this corporation shall be: The selling
at wholesale and retail, of goods, wares
merchandise and novelties and the conduct
ing of store or stores for said purposes.
ARTICLE IV-This corporation shall
have all the powers and authority vested
in corporations under the law of Louis
lana
ARTICLE V-The capital stock of this
corporation shall be entirely common stock
The capital stock shall be ten thousand
dollars ($I0.0OO.00) divided into one hun
dred shares (l00) of the par value of one
hundred dollars (Sl0O0O) per share. full
paid and worcestershire, which capital
stock may be increased to twenty five
thousand dollars (S25,OOO.OO) composed
as just herein stated.
ARTICLE VI-The corporate powers of
this corporation shall be vested in and eN.
ercised by board of directors composed
of three stockholders, who shall be elected
annually-at the annual meeting or stock.
holders to be-held on the first Monday OF
January of each year beginning III the
year 1923.
ARTICLE VII-The said board of di-
rectOrs shall within one month after Its
election annually Select from among Its
members a president, vice-presldent ana
n secretary treasurer who shall serve foI
one year from date of selection or untll
their successors shall have been elected
and qualified. All vacancies on the board
shall be filled at special meeting oil
stockholders called after 10 days motto,
sent by registered mail to all the STOCK,
| holders of record. Special meeting OF
| stockholders for all purposes may be called
by the president and must be called d!
| Aim at the request of more than 20To OF
| the outstanding stock. The board shal
| have the power to draw up and adopt by
| laws III same Dt utthltu hNNCSooAE " w
| sirable.
ARTICLE VIII-Nc snare Of stock II
| this corporation shall be sold or trans
| TERED by a stakeholder until such SNARE
| or shares shall have been rendered, IN VIII
| ing. by registered mail TO the corporation
| thru its board of directors and the stock
| holders then of record shall have the op
| ton to purchase such stock at book value
! thereof. each stakeholder having an op
! ton to purchase such proportion OF I'M
| n ge hnlhinUG
| represent, the rejection or failure TO ex
| ercise such option by any stockholder o.
| stockholders to enure to the benent OF TN
| remaining stockholders. No transfer
| stock shall be valid or binding upon thl
| corporation unless the provisions of thi
article shall have been compiled with ant
| a notation to that effect shall be STAMPED
! upon all stock certificates II such Ten
! dered stock be not purchased as heIell
| provided, the said stakeholder so tender
! ing shall have the right to dispose OF SAM
| in other directions The existing STOCK
| holders shall have 80 days from the dat
| of receipt of said notice OF tender wlthli
| which to exercise the option herein pro
| yided.
ARTICLE IX.-Cntil the annual cleo
| ton of Directors in the year 1923, tn
following shall constitute the Director
| and Officers of this corporation:
| Philip ID. Levy, President; Mrs. FAnnl
| Levy. Secretary Treasurer; Mrs. Dor
Bodenger, Vice-President.
| ARTICLE X-The subscribers tothis Ac
| of Incorporation have signed their name
! and addresses hereunto and the numbe
| of shares for which they have SUBSCRIBED
and they do hereby declare that all sucl
stock subscriptions have been paid in ful
and that accordingly more than nifty pc
cent of the capital stock Of this corpora
ton has been subscribed for and paid for
ARTICLE XI.-This corporation shal
exist and have succession fer period o
| ninety nine years.
| ARTICLE XII-This corporation shal
be liquidated and dissolved pursuant Z
the provisions of existing laws relativ
thereto or Acts amendatory thereof.
| ARTICLE XIII.-The Board OF Direc
tors shall fix salaries, shall engage an
discharge employees, and all checks. note
| or other obligations of this corporatio
shall be signed by at least two OF tn
| officers thereof, except In the event OF
| emergency In which event the Board o
| Directors by a majority vote shall hav
the power TO waive this provision TEN
| porarily.
ARTICLE XIv.-Services Of process
shall be made upon the president Of thi