The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14
CHARTER OF
LEE FLONACHFR. INC.

United States Of America, State OF
Louisiana, Parish of Orleans, City OF
New Orleans. Re it known that on this
eighth day Of the month of September.
1922. before me. Charles Rosen. Notary
Public duly commissioned and qualified
in and for the above parish, and In the
named and undersigned. personally came
and appeared the several persons, all or
the full age of majority, whose names
are .hereunto subscribed. who declared
that availing themselves of the laws OF
this state in such cases made and pro-
vided. relative 10 the organization or
corporations. they do hereby constitute
themselves, their associates and success
purposes and under the conditions and
stipulations of the following articles.
which they hereby adopt as their charter
to-wit.
this corporation shall be Lee Flonacher,
ARTICLE III. It's period Of duration
shall no ninetv-nine years from this date
Article III The d DON Gle Of this this
Orleans, parish Of Orleans, state Of Louis
lara. and oil citations and other legal
process shall be served on the President,
and. in case Of his absence or disability.
on the Secretary Treasurer, or as other
wise provided by law.
ARTICLE ". The objects and pur-
noses for which this corporation Is organ
lied and the nature Of the business to
be carried on by It are hereby declared
TO he: To manufacture and buy and sell
mems and bows clothing. and generally
to do any and all things connected with
or incidental 70 said business.
ARTICLE v Said corporation shall
have for the purposes Of the business to
he carried on by Il all the powers con-
ferred by law upon corporations. and
shall generally have and exercise all the
powers necessary or convenient to carry
on said business Said corporation shall
have full power to contract: to sue and
be sued. in its corporate name; to make
and use n corporate seal. and the Same
to break alter at pleasure: TO hold. re-
ceive. purchase. rent or otherwise acquire
and TO convex, mortgage. hypothecate
lease. sell. pledge or otherwise dispose
Of property. real. personal and mixed. In
Guiding trademarks. trade-names. labels
and patents: to issue bonds notes or
other obligations: to name and EMPLOY
snch managers. directors. officers, agents
and EMPLOYEES rs the interest and con-
verience Of the corporation may require
and 10 make snch bylaws rules and 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 canital stock Of this
cornoration Is hereby fixed Mt the sum
NJ Ono Hundred and Fifty Thousand Dol
lars (s1JO 0O0.00l. divided into fifteen HIM
1Ts6 ssaT pos Of per share
consisting ~ two classes. to-wit:
Fifty Thousand Dollars $50 600 o0)
thereof shall he preferred stock and One
Hundred thousand Dollars $500 00)
common stock.
The preferred stock locally issued and
| outstanding shall he entitled nv prefer.
| once and priority over the common sfoct
to yearly dividends when and as declared
| bv the Board Of Directors ont Of the
net proits or earned surplus. at the rate
| 81 eight per cont fec1l per annum. and
no MORE navabia m the Arst dav o'
| October Said dividends shall no QUINN
Iativa and shall he limited ~ said eirh'
nar cent (ec per annnm. No dividenf'
| shall he naid or set aside for tho common
stock until oil the dividends dine on th'
preferred stock shall have been fuiiy
paid.
The Roard Of DIRECTORS may on any
dividend date. out Of the net profits ~
/ ~arraS surrire rnti-n anr ~ nH ~ ~
| preferred stock mon giving sixty t6o
/ dave nrior written NOTICE nv wall or "
| person to the preferred Stockholders n
-acord nv waving One Hundred and Ftv.
Dollars (s105-0o) per share. together witt