The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-17
CHARTER.
CHARTER OF LOTKA COMPANY
INCORPORATED.

limited States of America, State OF Louis
lana, Parish of Orleans, City or Ne" VI
beans. BE it known. Ihat on thIS
Fifteenth day of the month OF 3anuar! !
Nine Hundred and Twenty one, ana OF
the Independence of the United States OF
America, the one hundred and forty-hfth.
Before me, Arthur John Peters. Notary
Pnblic. duly commissioned and qualified.
in and for the City of New orleans, ~
the Parish of Orleans and State OF LOUIS
lana, dOmiciled in the said city, Parlsh
and State and in the presence OF the
wituesses hereinafter named and under
signed Personally came and appeared ;
The several persons whose names arr
hereuntO subscribed all above the inll age
of majority, who seyerally declared that,
availing themselves of the provisions OF
Act No. 267 of 1914, as well as OF tine
general laws of the state OF LOulSlahi'
relative to the organizations OF corpora
tons they hereby form themselves lhto'
and constitute a corporation for the objects
and purposes, and under the stlpuIatlOns
hereinafter set forth.
ARTICLE l. The name and title of this
corporation shall be: "LOTkA X COM
shall be in the City Ofs New Orleans, ana
1T shall have and enjoy succession and
corporate existence by its corporate name
for a period Of ninety nine ODD years
from and after the date hereof.
This corporation shall have power and
authority to contract. sue and be sued in
;ts corporate name: to make ana use a
corporate seal; to hold, receive, hire and
purchase real and personal property, ana
to sell, mortgage or pledge the same anu
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 inablllty 10 act
from any cause, the same shall be served
upon the Vice president of the Corporation,
and in the event of absence or inability
to act from any cause OF both OF sald
officers, the same shall be served upon
the Secretary Treasurer of the Cooperation.
ARTICLE III. The objects and purposes
for which this corporation is established
and the nature of the business to be carried
on by it are declared to be: To deal in,
manufacture, and buy and sell at retail
ladies' ready to wear clothing of all kinds
pleating button covering and hemstitching
ARTICLE III. The capital stock OF
the corporation is hereby fixed at the sum
of Ten Thousand ($10,OO0.o0) Dollars
divided into and represented by one hun
dred shares of common stock of the pal
value of one hundred (S10O0) dollar:
each. The capital stock may be increased
to the sum of Fifty Thousand ($50OOO.OOl
Dollars.
Said stock shall be paid for in install
ments of such amounts and at such times
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 acruall!
received by the Corporation.
No stakeholder of said Corporation shall
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 IL not purchase
by any member of the Board of Directors
until he has offered il for sale to the stock
holders during period of ten days afte
the expiration of the above mentioned tie
days.
ARTICLE ". All the corporate power
of this corporation shall be vested in an
exercised by Board of three 80 directors
to be composed of stockholders, a majorit
of whom shall constitute a quorum 70
the transaction of any business. TIL
Board of Directors shall be vested wit
full power and authority to make a
contracts, purchases. and safes and adop
all bylaws, rules and regulations for tn
government and affairs of the Company
and alter, amend, and change the same a
! kre; appoint, hire and discharge, a
}, agents and employees, fix a.
), and generally to do and perforI
ings necessary in the transaction o