The herald., 1922-10-05
CHARTER OF
LEE FIO<ACIIEk, INC.

United States of America, State OF
Louisiana. Parish of Orleans, City OF
New orleans. BE it known that on this
eighth day of the month of September,
1871, before me, Charles RoSen, Notary
Public, duly commissioned and quallned
in and for the above parish, and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and appeared the several persons, all OF
the fun age of majority, whose names
are hereunto subscribed, who declared
that, ayailing themselves of The laws OF
this state in such cases made ana pro-
yidcd, relative TO the organization OIL .
corporations. they do hereby constitute /
themselves, their associates and success /
sOrs corporation for the objects and
purposes and under the conditions and
stipulatiOns of the following articles !
which they hereby adopt as their charter, ,
to-wit;
ARTICLE l. The name and title of
this corporation shall be Lee tlonacher'
Inc.
ARTICLE II. Its period of duration /
shall be ninety-nine years from this date.
ARTICLE Ill The domicile of this !
CORPORATION shall be in the city of New
Orleans parish of Orleans, state OF LOUIS
lana, and all citations and other legal
process shall be served on the PreSlGent'
and in case of his absence or disability,
on the Secretary Treasurer, or as other
wise provided by law.
ARTICLE ". The objects and pur-
poses for which this corporation Is organ
he carried on by it are hereby declared
| TO be: To manufacture and buy and sell
mems and boys clothing, and generally
to do any and all things connected with
or incidental to said business.
| ARTICLE V. Said corporation shall
| have for the purposes of the business 10
! be carried on by it all the powers con,
ferred by law upon corporations, anu
! shall generally have and exercise all the
powers necessary or convenient 10 carry
| on said business. Said corporation shaL,
have full power to contract; 10 sue anu
be sued, in its corporate name TO nlahe
| and use a corporate seal, ana the same
| TO break or alter at pleasure; to hold re-
| ceive, purchase, rent or otherwise acquire
aud to convey, mortgage, hypothecate'
! lease, sell, pledge or otherwise dispose
| of property, real, personal and mixed, IN
| Guiding trademarks, trade-names, laOelS
and patents; to issue bonds. notes OF
other obligations; to name ana employ 0t,
and employees as the interest ana CON
yeHience of the corporation may REQUIRE
and to make such bylaws, rules ana reg,
ulations for the management and control
of the business and affairs of said cor
poratiOn as may be deemed necessary and
proper
ARTICLE VI The capital stock Of this
corporation is hereby fixed at the sum
of One Hundred and Fifty Thousand Dol
lars S15OO0000), divided into fifteen nun
dred shares of the par value OF one
, Hundred Dollars 100000 per share and
Fifty Thousand Dollars ($50OOOO0
thereof shall be preferred stock and One
Hundred Thousand Dollars SlOO,OOO!OO)
common stock.
The preferred stock legally issued and
. outstanding shall be entitled by prefer
ence and priority over the common stock
to yearly dividends when and as declared
by the Board of Directors out Oh I ne
net profits or earned surplus at the ra nd
of eight per cent $50 per annum, ana
no more, payable on the first day Oh
, October. Said dividends shall be cumu !.
Iative and shall be limited to SAID elght
per cent (S%I) per annum. NO DIVIDENDS
Shall. be paid or set aside for the common
/ stock until all the dividends due on the
5 preferred stock shall have been fully
5 paid.
The Board of Directors may on any
: dividend date, out of the net prohts OF
? earned surplus. retire any or all of tht
: preferred stock upon giving sixty loel
: days prior written notice by mai or ~
: person to the preferred stockholders OF
? record, by raging One Hundred and FIVE
q Dollars (S10500) per share, together VIII
all dividends due thereon to sucn diVi9enG
y date; and from and after sald OXYGEN SSn \
cease. Said redemption shall be proper
4 tionate to the holdings of all OF the out
y standing preferred stock Should an!
: preferred stakeholder fail to present tol
h retirement in whole or in part the out
!, standing certificate of stock, the share.
r so redeemed shall be cancelled on tn
=
for the owner, subject to his order, OF
presentation and surrender of the out
|. | standing certihcate.
. In the event of the dissolution O
Il liquidation of the corporation, the pa
value of all the preferred stock legal!
= issued and outstanding shall be PAID u
$ the holders thereof in full, with all un
k paid dividends. before any payment shai
d be made on the common STOCK
The common stock legally issued an'
hal no entitled
= | as and when and to the extent declares
y by the Board of Directors out OF the ne
J. profits or earned surplus after me pay
ment of the agreed dividends on the pre-
. ferred stock and after the setting asld
= of such amount as may be required 10
the retirement of any preferred stoCk a
i. may be decided by the Board OF plrec
- tors.
III In the event of the dissolution or liqui
dalton of the corporation, after the pay
'e ment of the debts of the corporation an
y the payment in full of the par yalue
ID ali the preferred stock legally issued an
m outstanding, with all accumulated DIV
he assets of the corporation shall belong.
IT and be paid and delivered TO the hoiuei
of the common stock.
rs Each share of the capital stock legal
De issued and outstanding, both preterre
ne and common. shall be entltieu 10 vi
c. vote in all elections and at all meeting s n
n registered holder thereof or his duly col
Id stituted agent or proxy.
L. This corporation may increase or d.
~ crease its capital stock in the mann'
TX prescribed by law. The preferred cal
as ital stock may be increased to One HUI
he dred Thousand Dollars (S1OO,OOO.oO). III
to common capital stock may be increase
TO Two Hundred Thousand Doliai
er $500. OO0.00).
or The Board Of Directors may at an
~ time issue any unsubscribed stock upC
We payment therefor in accordance with la
ID, 10 such person or persons as the Boar
~ may deem proper.
ne No transfer of stock shall be bindiI
on this corporation unless made upon !
to books by the surrender Of the outstan,
n ing certificate properly endorsed by q
r. registered owner or by his duly const
r. tuted agent or legal representative, al
re in accordance with such rules and reg
i'd lations as the Board Of Directors m;
" prescribe.
d. ARTICLE VII. The business and a
fairs of the corporation shall be manag
Of by a Board OF five (5) directors, w
p shall be- elected by the stockholders
er. the annual meeting, which shall be ne
Mt. on the second Monday Of September
nd each year. Each of the directors sh
rs own at least one share OF stock In