The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-03
CHARTER OF FINKELSTEIN co.
INC.

United States of America, Parish of Or
leans, City of New Orleans. Be IL known.
That on this 26th day of the month of JAN
uary, 1921. before me. Scott +. Beer no
tary public, in and for the Parish of Or
leans, State of Louisiana, therein residing,
duly sworn, commissioned and qualified,
and in the presence of the witnesses here
matter named and undersigned. personally
came and appeared, the persons hereinafter
subscribing, who declared that ayailing
themselves of the laws of the State of Lou
isiana in such cases made and provided,
relative to the organization of corpora
tons, 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 4 Co. Inc, and
its period of duration shall be ninety nine
years from and after the date hereof. and
Ii shall have, for the purpose of the bust
ness to be carried on by it, all the powers
conferred by law upon corporations, and
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
on the President, and, in his absence or
inability to act. upon any other officer of
this corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganiZed and the nature and character of
hereby declared to be: To conduct and
carry on. in New Orleans. La, or else
where, the business of dealing, at whole
sale, in ready to wear and notions of all
sell the same, and to do all and every
kind of business incidental thereto or con-
hected Herewith
ARTICLE Iv.--The amount of the cap
ital stock of this corporation is hereby
declared to be sixty thousand dollars $780,
100000. which shall consist of six hundred
5000 shares of the par value of one hun
dred dollars (S100) each: fifty per cent
of the same shall be subscribed for before
the filing of these articles of incorpora-
ton, and fifty per scent of said subscrip-
ton twenty five per cent of the capitaD
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. The amount to
which the capital stock of this corpora
ton may be increased shall be one hun
dred thousand dollars ($100, 000). No trans
fer Of stock shall be binding on this cor
poration unless made on the books OF
this corporation, and no sale or other dis
position shall be valid unless first offered
to the remaining stockholders of this CON-
pany for ten days at a price not to exceed
| the book value thereof on the date of the
said offer, after which, IL the said Offer
Is not accepted, the stock may be sold by
the owner thereof at will. All stock &C.
quired in this corporation shall be subject
| to the provisions of this charter.
ARTICLE V.-All the powers of this cor
poration shall be vested in and the bust
| ness of this corporation managed ant
| transacted by Board of Directors to b,
composed of four stockholders, three e.
| of whom shall constitute a quorum. TIL,
| Board of Directors shall be elected an
nually on the first Tuesday of January
| The first Board Of Directors named in thi
| charter shall serve until the next annua
| meeting of the stockholders, or until thei
| successors are elected and qualified. TIL
first Board Of Directors shall consist O
the following: Reuben Finkelstein, New
Orleans, La; Abraham Finkelstein, New
Orleans, La: Jacob Greenberg, New Or
leans, La; Ida F. Greenberg, New Or
leans, La, and of the above named DireC
tors the following shall be the officers, to
wit: Reuben Finkelstein, President; Abra
ham Finkelstein, Vice President: Jaco
Greenberg, Secretary; Ida F. Greenbere
Treasurer, all of whom shall hold thei
Offices until their successors are electe
and qualified. Each subsequent Board G
Directors shall elect from its number, q
soon as possible after its own election,
President, a Vice President, a Secretar
and Treasurer; and may appoint sue
agents or employees as they may deer
necessary and proper for the business {
the corporation. All elections shall be b
ballot at the office of the corporation, ur
der the supervision of three commission
ers, to be appointed by the Board, whic
said commissioners need not be stockhol,
ers. Notice Of such meeting, or any NEE
ing Of the stockholders or the Board I