The herald., 1921-03-10
CHARTER
CHARTER OF FINKELsTEIN CO.,
INC.


leans, City of New Orleans. BE 1t known, |
That on this Goth day of the month or Jan
uary, 1921. before me, Scott h. Beer, no
tary public, i'll and for the farlsh Oh UT
leans, State of Louisiana, therein residing, |
duly sworn, commissioned and quallneu, |
and in the presence of the witnesses mere
matter named and undersigned. personally
came and appeared, the persons hereinafter
Subscribing who declared that awaiting |
themselves of the laws of the STATE OF Lou
iSiana in such cases made ana proNlueu'
relative to the organization OF corpora
tiOnS, they have constituted themselves
their successors and assigns, corporation
under the stipulatiOns hereinafter set forth,
which they here presently adopt as thelr
charter, tO-wit:
ARTiCLE 1.-The name of this corpora
ton shall be Finkelstein X Co.. Inc, ana
its period of duration shall be ninety -hlhS
years from and after the date hereof, ana
il shall have, for the purpose OF the busl-
ness to be carried on by it, all the powers
conferred by law upon corporations, ana
shall 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 Oihcer OF
| this corporation.
! ARTICLE III.-The objects and pur-
poses for which this corporation is or
| gauiZrd and the nature and character OF
| the business to be carried on by 1t, are
| hereby declared to be: To conduct ana
carry on. in New Orleans, La, or else
where. the business Of dealing. Mt whole,
sale in ready to wear and notions, OF all
| kinds and all kindred lines; to buy ana
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 he sixty thousand dollars (Soo',
10000. which shall consist of six hundred
g.fN In. vol
| dred dollars $1,000 each; fifty per cent
of the same shall he subscribed for before
the filing of these articles OF lncOrPOra'
ton, and fifty per cent OF said suDsftlP
| ton twenty five per cent of the capltalJ
: | shall be paid for before this corporation
shall engage in business. All Of the stOct
p | subscribed for shall be paid for In cash
| propprty. or labor actually received ol
done for this corporation. The amount It
, | which the capital stock of this corpora
! tiOn may be increased shall be one nun
, bred thousand dollars ($l0O,OOO). No trans
fer of stock shall be binding on TINS cor
: poration unless made on the books o
This corporation, and no sale or other dis
position shall be valid unless first oltere'
I TO the remaining stockholders OF TINS com
pany for ten days ut price not 10 eNctt'
n the book value thereof on the date or IN
: said offer, after which, if the said one
| is not accepted, the stock may be sold D.
| the owner thereof at Will. All stock ac
s uuircd in this corporation shall be subJec
|, | TO the provisions of this charter.
il ARTICLE V.--All the powers of this cor
l. pOratOn shall be vested in and the bus
l. ness of this corporation managed an
g transacted by n Board of Directors, to b
i composed Of four stockholders. three {:
4. of whom shall constitute n quorum. IN
Is Beard of Directors shall be elected al
- nuallv on the first Tuesday of Januar!
. | The first Board of Directors named III tn
m charter shall serve until the next annui
r. meeting of the stockholders, or until the
. | SUCCESSORS are elected and qualified. I'll
| ii nf consist
,s the following: Reuben Finkelstein, Ne
Orleans, La; Abraham Finkelstein Ne
Orleans. La: Jacob Grcenberg, New q
IF leans, La; Ida L. Greenberg. New o
Mt leans La and of the above named Dire
ID tors the following shall be the officers. L
RS wit: Reuben Finkelstein, President; Abr
of ham Finkelstein, Vice PRESIDENT: JAG,
Treasurer. all OF whom shall hold the
k offices until their successors are elect
lg and qualified. Each subsequent Board
nv Directors shall elect from its number.
" soon as possible after its own election,
n President a Vice President, a Secreta
It and Treasurer; and may appoint su
of agents or employees as they may dee
necessary and proper for the business
n the corporation. All elections shall be
ballot at the Office of the corporation, u
no der the supervision of three commissio
m ers, TO be appointed by the Board, whl
a | said commissioners need not be stockho
os ers. Notice of such meeting, or any me-
lee ing of the stockholders or the Board
nd Directors, unless waived by unanlmC
" consent shall be given by the Secreta
II Mt least fifteen days prior to the date
,rs the meeting, in writing, either in pers
or by mailing same to the stockholders
., their last known postofice address.
or all meetings of the stockholders eve
os, stakeholder shall be entitled to one V
nm for every share of stock standing in
rd' name on the books of the corporation
nm, the date of the said election or meeti
mn which said votes may be cast either
r. person or by proxy, which proxy must
" in writing. and majority of votes C
". shall determine or elect. The failure
mo hold elections or to elect Directors as afC
ion said shall not affect or dissolve this c
ors poration nor impair its management
any respect; but the Directors then
ion office shall hold office until their suc'
Ia | sors are elected and qualified. All vac
o. cies in the Board, no matter for w
ors | cause shall be filled for the remainder
on, the term of the Board by the remain
VS. Directors. Any member OF the Board !
a. :, | appoint a proxy in writing to repres
ms him at the meetings of the Board,
need not be a stakeholder.
or ARTICLE VI.-This act of incorporat
the NAV be modified, changed. altered
leir amended. or the said corporation may
ing dissolved with the assent of two-thirds
cen the capital stock outstanding. at a meet
uch of the stockholders called for that !
pose, after fifteen days notice, in writ
wer delivered in person, or mailed to G
all stakeholder fifteen days prior to the {
,ra- of the meeting, at their last known
her dress. All notices may De WalNeu u! uh
,on- imous consent. In case Of dissolution,
affairs of this corporation shall be III
eet- dated by two commissioners to be enc
ugh by the stockholders.
his ARTICLE Vino stocKnoluer 3
took ever be liable for the contracts or IA
Get of this corporation in any further
hall than the unpaid balance due the corp
rson ton on the shares Of stock owned by
nor shall any mere infOrmality in ITS
ganiZation have the effect of rendering
ever charter null or of exposing the stockh
con- ers to any liability beyond the amount
ION and unpaid on his stock.
liza ARTICLE VIII.-The subscriptions
har- the subscribers hereto, to-wit, Rel
r to Finkelstein, for $50 shares, or SD
NEE, Abraham Finkelstein, for 90 shares
m. $4,000: Jacob Greenberg, for 80 shares
,his 81. 600: Ida +. Greenberg, for so shares
hnr So OOO are covered by the transfer to
nf corporation by said Reuben Finkels
~ Abraham Finkelstein, Jacob Greenberg
ten Ida T.. Greenberg, of the merchandise,
rai lures and open accounts and bills
GO ceivable, etc, going to make up the
fdol ness at present conducted on Canal.
~, Camp streets, New Orleans, La. under
onar name and style Of Finkelstein d
nsite (owned by the said four parties IN
of said proportions, to-wit. Reuben FL
zach stein 1890, Abraham FinlAelstein
aiso Jacob Greenberg 5 49, and Ida Il. u
;st berg $500 as set out on the statemel
assets hereto attached and marked
arial the said statement showing the valr
fore the merchandise, fixtures, open acc'
renck and bills receivable, less the Dliis an
wit counts payable, the bills payable beln
this sumed by the corporation; which
amas | ,aont ;S SUoru IN nv the Directors OF