The herald., 1921-03-24
CHARTER
CHARTER OF LOTKA Il COMPANY,
INCORPORATED.

United States of America. state ol i-oulH-
lana Parish of orleans, city OF New VI
leans. lie IL known, ihat on lni'
Fifteenth day of the month OF January ,
i'm the wear of our Lord. one Thousand
Nine Hundred and Twenty one. ana OF
the Independence of the United states OF
America, the one hundred ana lof' -ulln nun
Before me Arthur John Peters, N0tarS
Public duly commissioner ana qualI"'t,
I'm and for the City of New Orleans, 1u
the Parish of Orleans and state OF I.oulS-
lana, dOmiciled In the said CITY, LarIsn
and State. and in the presence OF lht
witnesses hereinafter named ana uhueT
signed. Personally came and appeared
The several persons whose names ar
hereunto subscribed all above the nun ass
of majority, who severally declared thaL
nyaiIing them selves Of the provisions OF
Act No 267 of 1914, as well as OF tht
general laws of the State OF Louisiana"
relative to the organizations OF corpora
tons they hereby form themselves ihio
and constitute corporation for the OBJECTS
and purposes, and under the stlpulatloh'
hereinafter set forth.
ARTICLE |. The name and title Of thIs
CORPORATION shall be: "LOIhA 'pM'
PANY, INCORPORATED. It's dolnlcll5
shall be in the City of New orleans. ahI
Il shall have and enjoy succession ana
corporate existence by its corporate name
for a period of ninety-nine CJJ) years
from and after the date hereOf.
This corporation shall have power and
authority to contract, sue and be sued III
:ts corporate name; to make and use .
corporate seal; to hold, receive hlre ahu
purchase real and personal property, anG
to sell. mortgage or pledge the same ana
TO borrow money and issue bonds, notes
and other obligations.
All citations or other legal process shall
be served upon the President, and III the
event of his absence or insbility TO acl
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 saiC
officers, the same shall be served upoI
the Secretary Treasurer of the Corporation
ARTICLE III. The objects and purposes
for which this corporation Is established
and the nature OF the business to be carried
on by ID are declared to be: To deal in
manufactures and buy and sell at retail
ladies' ready to wear clothing OF all KINDS
pleating button covering and hemstltcEiug
ARTICLE III. The capital stock
the corporation is hereby fixed at the sun
of Ten Thousand CSiGOOOoO) Dollars
divided into and represented by one hun
dred shares Of common stock of the pa
value of one hundred (SlO.OO) dollar
each. The capital stock may be increase
TO the sum Of Fifty Thousand (S5OOOOOO
Dollars.
Said stock shall be paid for in install
ments of such amounts and ut such time
as the Board of Directors may determine
but any part or parcel of said stock ma
be issued by said Board of Directors
not less than par in payment of labor dom
services rendered or property actual
received by the Corporation.
No stakeholder of said Corporation sha
sell his stock to any person not alread
a stakeholder until he has first offered
for sale during a period of ten days 10 Il
Board of Directors Of the Corporation
its then book value; and IL not purchase
by any member of the Board of Director
until he has offered il for sale to the stoc
holders during a period of ten days aft
the expiration of the above mentioned Il
days.
ARTICLE ~. All the corporate powe
of this corporation shall be vested in al
exercised by a Board of three 49, director
to be composed of stockholders, majori
of whom shall constitute a quorum 4
the transaction of any business. ~
Board of Directors shall be vested wi
full power and authority to make {
contracts, purchases, and sales and ado
all bylaws, rules and regulations for q
government and affairs of the Compan
and alter, amend, and change the same
pleasure; appoint, hire and discharge, ;
officers, agents and employees, fix {
salaries. and generally to do and perfor
all things necessary in the transaction
the business and affairs of the compan
Any vacancy occurring in said Board sh'