The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-24
CHARTER
CHARTER OF FINKELSTEIN & CO.,
INC.

United States of America, Parish of Or |
leans, City of New Orleans. BE 1t known, |
That on this Goth day of the month of Jam
uary. 1921, before me, Scott Il. Beer, no
tary public, in and for the Parish OF Or /
leans state of Louisiana, therei n residing, /
duly sworn, commissioned and quallhed, |
and in the presence of the witnesses here
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 PROVIDED
relative to the organization or corpora
| lions 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
J tiOn shall be Finkelstein ~ Co.. Inc, ana
| its period of duration shall be ninety mine
years from and after the date hereof, and
| it shall have, for the purpose OF the Dusl-
conferred by law upon corporations. and
| shall exercise generally all the powers
necessary to carry on said business.
ARTICLE 1.-THE domicle 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 officer OF
this corporation.
ARTICLE IH.-The objects and pur-
poses for which this corporation is or
ganiZed and the nature and character of
the business to be carried on by ii, are
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
| kinds, and all kindred lines; to buy ana
sell the same, and to do all and every
kind of business incidental thereto or con-
nccted Herewith.
ARTICLE IV.-The amount Of the cap
Z | L. Il, ft..Vt l. laNT
! declared to be sixty thousand dollars $500,
5 100000. which shall consist of six hundred
e 1000 shares of the par value of one hun
dred dollars (S1O0) each; fifty per cent
of the same shall be subscribed for before
the filing of these articles of incOrPOra-
ton, and fifty per cent of said subscrlp-
. ton twenty per cent OF the capltal)
| shall he 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 OF
!, done fer this corporation. The amount to
: | which the capital stock of this corpora
| ton may be increased shall be one hun
. dred thousand dollars (SlOOOOO). 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 com.
pany for ten days at a price not to exceed
. the book value thereof on the date of thu
l. | said offer, after which, if the said offel
Il Is not accepted, the stock may be sold b!
l. the owner thereof at will. All stock ac
I quired in this corporation shall be Subjec
70 to the provisions of this charter.
/ ARTICLE v-All the powers of this cor
~ poratiOn shall be vested in and the bust
Is ness of this corporation managed AM
)f transacted by a Board of Directors, TO b
8. composed Of four stockholders, three Is
n of whom shall constitute quorum. TIL
lr Board of Directors shall be elected an
$, nually on the first Tuesday of January
In The first Board of Directors named in thi
: Ii, l,,1l hA
meeting of the stockholders, or until thei
=. successors are elected and qualified. Tn
.. first Board of Directors shall consist c
~ the following: Reuben Finkelstein, Me-
20 Orleans, La: Abraham Finkelstein. Ne,
- Orleans, La; Jacob Greenberg, New a.
be leans, La; Ida F.. Greenberg. New ol
nv leans. La, and of the above named Dire
!, tors the following shall be the officers. Il
n wit: Reuben Finkelstein, President; Abr;
~ ham Finkelstein, Vice President; Jaco
~ Greenberg, Secretary; Ida +. Greenber
!, Treasurer, all Of whom shall hold the
~ offices until their successors are electt
~ and qualified. Each subsequent Board
vi Directors shall elect from its number,
soon as possible after its own election,
a President, Vice President, a Secretal
and Treasurer; and may appoint SUI
ng agents or employees as they may dee
m necessary and proper for the business
a the corporation. All elections shall be
as ballot at the Office of the corporation, u
ice der the supervision Of three commissio
nj ers. to be appointed by the Board. viii
said commissioners nee0 not De
Ird ers. Notice Of such meeting, or any NEE
ors ing of the stockholders or the Board
Directors, unless waived by unanimo
or consent, shall be given by the Secretai
os. at least fifteen days prior to the date
nm the meeting, in writing. either in pers
I'd or by mailing same to the stockholders
nm, their last known pOstofiice address.
mn. all meetings of the stockholders stock, eve
IT, for every share OF stock standing in
G. name on the books of the corporation
Tho the date of the said election or meetir
ion which said votes may be cast either
ors person or by proxy. which proxy must
in writing. and a majority of votes C;
shall determine or elect. The failure
ion hold elections or to elect Directors as afo
led said shall not affect or dissolve this c.
as poration nor impair its management
ers any respect; but the Directors then
on office shall hold Office until their succ
lys sors are elected and qualified. All vact
ing cies in the Board, no matter for WI
cause, shall be filled for the remainder
of the term of the Board by the remaini
the Directors. Any member of the Board III
heir appoint proxy IN writing 10 repres
ing him at the meetings of the Board, "
cen need not be stakeholder.
uch ARTICLE vI.-This act Of incorporat
may be modified, changed. altered
wer amended. or the said corporation may
all dissolved with the assent of two-thirds
IRA the capital stock outstanding, at a meet
her of the stockholders called for that p
on pose, after fifteen days notice. in writ
delivered IN person. or mdlleu 10 q
eet- stakeholder. fifteen days prior to the d
ugh of the meeting, at their last known
his dress. All notices may be waived by un
.ock imous consent. In case Of dissolution.
Get affairs of this corporation shall be lie
hall dated by two commissioners to be cho
son by the stockholders.
ARTICLE Vino stakeholder 81
ever ever be liable for the contracts or fa'
rom of this corporation in any further S
ion than the unpaid balance due the corpc
liza ton on the shares of stock owned by h
har- nor shall any mere informality in Its
r to ganization have the effect of rendering
nee, charter null or Of exposing the stockht
m. ers to any liability beyond the amount
.h,s and unpaid on his stock.
her, ARTICLE vIII-The subscriptions
Of the subscribers hereto. to-wit, Reu
book Finkelstein for $50 shares, or $45,
ten Abraham Finkelstein, for 80 shares.
re- s.. 900: Jacob Greenberg. for 80 shares
ac- 5000: Ida F. Greenberg, for 30 shares
1O) $1,000 are covered by the transfer to
his, | corporation by said Reuben Finkels'
Dper. Abraham Finkelstein, Jacob Greenberg
osite Ida F. Greenberg, Of the merchandise,
OF lures and open accounts and bills
each ceivable ETC.. going to make up the
also ness at present conducted on Canal
list. Camp streets, New Orleans, La under
IL, name and style of Finkelstein 4
aIai (owned by the said four parties in
said proportions, to-wit, Reuben Fir
NE ,. stein 1890, Abraham Finhelstein !
this Jacob Greenberg 8 I60. and Ida +. Or
.nis berg 5/eO) as set out on the statemen
,ines' assets hereto attached and marked