The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.
CHARTER OF
~ nTEn EI0THING CO., I'M.

sea ad "a md twenty.two ug22), and Of the
Independence OF the United s'aies
America, the one hundred ana l9I r;y
sixth, before me- pr ME duly commits
Toned and qualihed in and for the Parish
Of Orleans State Of LOUISIANA tne IN
residing, and in the presence Oh tne W
nesses hereinafter named anu I'D tha
Saroi persons whose names are here
INTO subscribed, who declared tna., S.'.,a
INC themyelyCs of the laws Oh TINS otas'
rsfstiye 10 the organization OF cOrPoLd
Ie4atN. - have coyenanrcd and agreed,
20 40 nv these presents covenant, agree
mind. form and constitute themselves a., as
veil "a such persons as ma! heIe" i.
III mr. BECOME associated win them, INV
JOIN . % or body polite in law Tor
The obiects and purposes and under the
agreements and stipulatlohs loiio"i"e
tO-wit: -. d ti,la ot
lor,,orution shall be the FORIEh
80 nrruINt; co. INC, ana unuer us
rnrnorate name il shall ENJOY suCcssoio
Tor tbe full term and period Oh hinet!
-. wears from and after the GATE heie
hi"e "a sbaIi have power and authority
- CONTRACT sue and be sued 10 accePl
ana receive mortgages, pledges Vi o.n.
hypothecatiOns; to make anu uSe q -
porate seal, and the same " Di' ITO
alter at pleasure, to purchase' 80
lease hold or otherwise acquire anu cOn
WOW. as well as mortgage ana h!Poth1Su'tt
under it's corporate name, propVI'G' -,
real, personal ana miAeu - and
money and make and issue pohuSi a.
49, evidences of debt ana 10 SECURE
the same by mortgage and otherWlse, 70
subscribe to and hold stock IN other toi
porations; to acquire hOlu anu ,,t
shares of it's capital STOCK 10 cAit -
an ~ the objects and purposes herelu-
aft.r set OUT to name and appoint sucI
managers and directors, OlhceTs am ~
agents as the interest ana cOhNehienI,e %
n,,Ea and establish, as well as alter anu
amend at pleasure such Dy-laWs' rules
and regulations for the mana Eelieht ~
regulation of the affairs oil the coIPoia
,io, as may be necessary. proper or con
v,nient: and generally to do all such acls
and things as trading corporations are
authorized TO do under the laws Oh the
state OF Louisiana. At. nor
marathon shall be in the Parish Oh Ut
leans. State of Louisiana, and all cltatlohs
or other legal process shall be served
upon the President OF the s SSnRary W.
ARTICLE Ill The objects anu pur-
moses for which this corporation Is organ
ized, and the nature of the business 70
be carried on by IT, are hereby a ne hotS
Wholesale and retail, clothing, BOOTS
shoes. hats, caps millinery, neckWear'
hosiery, gloves, fancy goods J1weI !,
furs, and mems, womens ana cnIluren
a
narel of all sorts, and all articles anu
merchandise of like character ana ue-
scription. and all other sorts OF dry goous
and merchandise, furniture ana Iurhlsh,
ings for personal and household use ahu
adornment including all such articles o.
merchandise as are or may De ueIl ~
by department stores; TO Duy anu sen
dry goods and to manufacture anu ser
as customs tailors wearing apparel oil
men. women and children; to conduct the
business of general dry goods ana cioth
ing merchants, tailors, drapers, haoer
dashers. milliners, dressmakers anu gen
cral outfitters; to carry on the genera!
mercantile business of department
store; to buy, sell, construct, lease, hold
develop and improve real estate ana
buildings and Improvements thereou ~
ALI sorts: to buy, sell, acquire ana hoiu
stocks, bonds, obligations and securitles
OK other corporations; to buy, sell and
deal in stocks and bonds, and to carry
on a general investment business, 10 eA,
change its entire capital stock or any par'
thereof for property which 1t Is author
lied to acquire; to exchange its entire
assets and business, or any part thereof
for property, stocks or other o9hga.io,n'
to carry on all operations and do al
things incidental to or convenient Tor tht
accomplishment of any OF the foregoing
purposes, and generally to 90 all sucl
acts and things as a general trading cor.
poration under the. laws OF the state OF
Louisiana Is may be authorized TO 90
ARTICLE Nv. Section !. The capita
stock of this corporation is hereby hxeC
at Two Hundred Thousand Dollars $500
0O000). divided into aud represented d.
seven hundred and fifty Goo shares o.
preferred stock and twelve hundred and
fifty (1250) shares of common stock. al
OF the par value of One Hundred Dollar
($10O) per share. The preferred stoci
may be increased to the sum OF flv'
Hundred Thousand Dollars (S500, O.0O)
and the common stock may be increased
m N similar figure
Section 2. The capital stock, both pre-
ferred and common. shall be represented
by certificates, shall be full paid and non
assessable when issued, shall be ISSUED
only for labor done or for property act
uaIiy received, or for cash to be paid q
such times and In such amounts an
after such notice as may be determines
by the Board Of Directors. and shall b
personal property. No transfer Of sal
capital stock shall be binding upon thi
corporation unless made in accordanc
with its charter and bylaws and record
ed on the books thereof.
Section 3. The holders of preferre
stock shall be entitled to receive div
dend at the rate of. but never exceedins
\ seven. Cd per cent per annum. cumn na
payable s'ut Of the net profits of the con
pany on~, the first day Of February an
the first vday of August of each year b.
fore any dividend is paid upon the con
any year be insufficient to pay said pr
ferred dividend therefor, or any pal
thereof, any unpaid portion thereof sha
become a charge against the net profit
of the company and shall be paid in fu
out of said net profits before any div
dend Is paid upon the common stock. I'll
preferred stock shall never participate
the profits of the company beyond II
fixed preferential cumulative annual div
dend of seven ca per cent. but shall
paid In full mp to its capital or par valu
plus accrued and unpaid dividends,
any, at the rate of seven ca per cent ~
annum, before any amount shall be di
tributed among the owners of the cor
mon stock. in the event OF any liquids
ton or dissolution or distribution of q
assets Of the company, and shall not pa
ticipate further In the distribution Of q
assets Of the company.
Section 4. The preferred stock sba
have no voting power whatever. and a
matters relating to the corporation, II
GLIDING amendments TO its charter, 4
crease or decrease OF its capital stoC
Including increase or decrease of Il
preferred stock, dissolution or liquid
tion Of the company, and all other co
porate matters shall be decided upon /
the holders of the common stock excl
sively. the rights OF the preferred stocl
holders being limited to the return
the money Invested by them with cum
lative dividends thereon at the rate
seven Cd per cent per annum. I'm the MAJ
ner set forth in this charter.
Section 3. The entire issue of sew,
hundred and fifty (750) shares OF pr
ferred stock authorized by this chart
shall be known as Series A. and all on