The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER OF GOLD SEAL HOSIERY
COMPANY, INC.

COMPANY, INC.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
Orleans, BE ii known, that on this 1911
: day of the month of December, i'll tn
l year of our Lord, one Thousand. Min,
, Hundred and Twenty-one, before me
Harry Emmett McEnerny, Il Notary Pub
lie, duly commissioned and qualified, il
and for this city and the Parish of Or
leans, therein residing, and in the pres
ence of the witnesses hereinafter named
| and undersigned, personally came and ap
prarcd the several persons whose names
are hereuntO subscribed, who declared I,
me- notary, in the presence of the under
signed witnesses, that, availing them
selves of the provisions of the laws OF
the State of Louisiana, and particularly
of the provisions of Act 26I of 1914, they
have mutually agreed and contracted, and
by these presents do agree and contract
and bind and obligate themselves, their
heirs and assigns, and all persons who
may hereafter become associated with
them herein, to fOrm a corporation under
the name and for the objects and pur-
I poses, and under the terms, stipulatiOns
and provisions contained in the following
! 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 as follows:
| First-TO buy, purchase, acquire, re-
ceive, receive in exchange, and sell, give
| away, exchange. and to trade in mems,
| wOmen's and chidrens hosiery and kin
| dred 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
| in any business in which this corporation
may be authorized to engage, or the own
ership Of whose securities would be adj
vantageous or convenient in the protec-
ton CT 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.
Thlrd-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 bust
ness and for the purpose of attaining
or furthering any Of its objects, to make
and perform such contracts of any kind
and description; to do such acts and
ers as natural person would lawfully
make. perform, do or exercise. either
directly connected with the purpose of
its 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 In-The capital stock of |
this corporation is hereby fixed at the |
sum of Ten Thousand Dollars ($1O,OO0O O) |
ha tod hN raI
shares Of the par value of One Hundred |
Dollars (S1O0.O0) 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 Iy-The capital stock of this
may be increased in Accord
ance with law to the sum of Twenty
Thousand Dollars (S20,000.0O). Each
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 it to the
board which is given the right to pur
chase it at the value thereof as shown
on the books at the end of any fiscal
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. 1t
may allot it to the stockholders in the
proportion of their then holdings.
ARTICLE V-The location of the DOM
lcile of this corporation shall be the City
Of New Orleans, State of Louisiana. Cita
ton of all legal process and other legal
notices shall be served upon the presi-
dent, and in the absence of the president,
on the yice-president.
ARTICLE VI-The period of duration
of this corporation shall be ninety nine
900 years.
ARTICLE VII-All the corporate power
of the corporation shall be vested in a
Board OF Directors to consist of at least
three go and not more than five (5) mem
bers, to be elected annually at meeting
OF the stockholders held on the first
Monday in December. But if the first
Monday should fall on a holiday then
on 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 1t sees fit in its
discretion, to increase the number of
directors at meeting of the stockhold-
ers regularly and lawfully called for that
purpose. Failure to elect shall not work
a dissolution Of the corporation, but the
existing directors shall continue in Office
with full power until their successors arc
elected.
The names ana postofice addresses of
The directors for the first year, who shall
serve from January /, 1922, to January
|, 1923, are as follows:
A. ii. Rabenowitz, 2605 Milan Street,
New Orleans, La.
E. b. Ferguson. 100 n. Miro Street, New
Orleans La.
p. H Ferguson 100 Miro Straat Na,r
Orleans, La.
ARTICLE vIII-The names and post.
,fhce addresses of the subscribers to
.hese articles Of incorporation, and a
of the number of shares of
stock to which each has subscribed, are
Is follows:
A. H. Rabenowitz, ZOOS Milan Street.
New Orleans, La. forty-five (45) shares.
f. b. Ferguson, 100 N. Miro Street, New
orleans, La, twenty-five (25 shares
p. III. Ferguson, 100 n. Miro Street. New
orleans, La, one ~ share.
Thus done and passed in my Office in
he City of New Orleans, State of Lou.
siana, on the day and date hereinaboye
written, and In the presence of Messrs
Harry Gamble and Will Gibbons McEner-
~, competent witnesses who have signed
hese presents with the said appearers
nd me, notary, after due reading of the
whole.
ORIGINALLY SIGNED:
A. II. RABENOwITZ.
f. B. FERGUSON,
p. II. FERGUSON.
Witnesses: Harry Gamble and U;rfI