The herald., 1922-01-05
CHARTER

l ~
day of the month of December, IN inc
| wear of our Lord. One Thousand, Nine
| Hundred and Twenty-One. before me
| Harry Emmet McEnerny, Notary fuD-
lie, duly commissioned and qualineu, III
and for this city and the Parish oil UT
/ leans. therein residing, and iii the pres,
| eDce of the witnesses hereinafter named
and undersigned. personally came ana ap
peared the several persons whose names
are hereuntO subscribed, who declared 10
me- notary. in the presence OF the under
i signed witnesses, that, awaiting them-
| selves of the provisions of the laws OF
u the State of Louisiana, and particularly
of the provisions Of Act 26' OF l9l4, the!
have mutually agreed and contracted ana
by these presents do agree ana contract
and bind and obligate themselves thell
Il heirs and assigns, and all persons VINO
| NAV hereafter become associated win
them herein to form corporation under
the name and for the objects ana pur'
| DOSES and under the terms. stpuIatlons
and provisions contained In the following
i articles, tO-wit:
| ARTICLE The name of the corpor-
alton shall be Gold Seal Hosiery Com
| pany, Inc.
ARTICLE 1.-THE purposes for which
the corporation is formed are hereby de-
| clared to be follows:
| First-To buy, purchase, acquire re
| ceiye receive in exchange, and sell, give
| away, exchange and to trade in men :,
| women's and children's hosiery and Kin
bred lines of merchandise; either retail
| or wholesale
| Second-To acquire by purchase, sub
scription or otherwise, and to hold, SELL
| assign transfer. exchange, mortgage
| pledge or otherwise dispose OF any shares
| of the capital stock, bonds or other evil
| dences of indebtedness Of any other cor
pOration, or corporations, association or
associations, domestic or foreign, engaged
| i'm any business in which this corporation
may be authorized to engage, or the Own
ership of whose securities would De al
vantageOus or convenient in the prOtec-
| ton or promotion of any of the purposes
or interests of this corporation, but only
to the extent authorized by the laws OF
the State of Louisiana.
Third-To sue and u. sued, to contract,
sell purchase. lease, mortgage, pledge
real and personal property, and to carry
out all or any part OF the foregoing OBJ
jects as principal, factor, agent, contrac-
tor or otherwise, either alone or in con
junction with any person, firm, associa-
ton or corporation, and in any part Of
the world; and in carrying on ITS busl-
ness and for the purpose OF attaining
or furthering any of its objects, 10 make
and perform such contracts of any kind
and description; to do such acts ana
things, and to exercise any and all pow
ers as a natural person would lawfully
make, perform, do or exercise, either
it's organization or incidental thereto
provided the same be not inconsistent
with the laws under which this corpora
ton is organized, or which may be here
after enacted.
ARTICLE UI-Tne capital stock of
this corporation is hereby fixed at the
sum of Ten Thousand Dollars (S1O,OOO.OO)
to be represented by One Hundred (lOO)
shares OF the par value Of One Hundred
Dollars (s1OO.00) each. All the stock shall
be common stock. Stock shall be issued
either in cash or the equivalent thereof, |
and shall be paid for at such times and
in such manner as the Board of Direc- |
tors may direct. |
ARTICLE Iv-The capital stock of this |
corporation may be increased in accord |
ance with law to the sum Of Twenty |
Thousand Dollars CS20UoOo): Each
stakeholder shall, at every stockholders |
meeting, be entitled to one vote. in person /
or by written proxy, for each share of
the capital stock held by him, or he
may send his vote by letter, the sig
nature of which must be acknowledged
before a Notary Public or other officer
authorized to take affidavits.
No stakeholder shall sell his stock to
anyone without first offering IL to the
board which is given the right to pur-
chase 1t at the value thereof as shown
year of the corporation preceding the
date of its offer. The board shall within
ten days after the offer in writing is
submitted to it, act upon the offer. II
nay buy stock for the corporation, or II
nav allot IL to the stockholders in the
proportion Of their then holdings.
ARTICLE V-The location of the dom
cie Of this corporation shall be the City
,f New Orleans, State of Louisiana. Cita-
ion of all legal process and other legal
notices shall be served upon the presi-
tent, and in the absence of the president.
,n the ice-president.
ARTICLE yI-The period of duration
II this corporation shall be ninety nine
1917 years.
ARTICLE yII-All the corporate power
II the corporation shall be vested in a
Board of Directors to consist of at least
.hree 90 and not more than hve 90 MEM
)ers, to be elected annually at meeting
,f the stockholders held on the first
Monday In December. But IL the first
Monday should fall on a holiday, then
Dr. the next following business day.
Three or more members OF the Board OF
Directors shall constitute a quorum, and
shall be authorized to transact business.
The Board of Directors shall have the
right and the power, as Ii sees fit In ITS
discretion, to increase the number of
directors at a meeting of the stockhold-
ers regularly and lawfully called for that
purpose. Failure to elect shall not work
n dissolution of the corporation, but the
with full power until their successors arc
elected.
The names and postofice addresses Of
the directors for the first year. who shall
serve from January 1, 1922, TO January |
l. 1923, are as follows:
A. ii. Rabenowitz, ZOOS Milan Street |
New Orleans, La.
Il. b. Ferguson, 122 N. Miro Street. New
Orleans, La.
P. H. Ferguson, 100 n Miro Street, New
Orleans, La.
ARTICLE VIII1The names and post |
Office addresses of the subscribers to |
these articles of Incorporation, and
statement Of the number of shares of |
stock to which each has subscribed, are |
as follows:
A. II. Rabenowitz, 26O5 Milan Street. |
New Orleans, La, forty-five (45) shares. |
Il. b. Ferguson, 10 n. Miro Street, New |
Orleans, La, twenty five (25) shares.
y. III. Ferguson, 40 n. Miro Street, New |
Orleans, La, one ~ share.
Thus done and passed In my Office in
isiana, on the day and date hereinabove
Harry Gamble and Will Gibbons McEner-
these presents with the said appearsrs
whole.
ORIGINALLY SIGNED):
A. II. RABENOwITZ,
4. Il. FERGUSON,
p. H. FERGUSON.
Witnesses: Harry Gamble and Will
Gibbons McEnerny.
A trina eonv Of ha arfU;naI