The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER.


TO make and establish as well as alter
and amend. from time to time. such by
laws. rules and regulations as may be
necessary and cXpedent for the proper
management and government of the at
| fairs Of said corporation.
ARTICLE III. The dOmicile of this cor
pOration is hereby fixed in the city Of
New Orleans. state of Louisiana, and all
citations or other legal process shall be
served upon the President of this corpOr-
alton; or, in his absence upon its Secre-
/ tary-Treasurer.
ARTICLE III. The objects and pur-
poses for which this corporation is eStab-
lishcd and the nature of the business to
he carried on by it are hereby declared
/ to be: To conduct business in the city
/ of New Orleans for the sale of general
merchandise. consisting especially OF
dress goods ready-tO-wear. notions md
wOmen'S furnishings of all kinds, an. TO
manufacture and purchase such general
merchandise as il ordinarily dealt i'm by
! drygoOds and department stores.
ARTICLE ". The capital stock of this
corporation is hereby fixed at the hum
OF Fifty Thousand Dollars (Sj0.OOOOO),
to be divided into and represented by
Five Hundred (JOO) shares in the sum
of One Hundred Dollars 100000 each.
Said stock shall be paid for in cash. at
such time and after such notice to the
subscribers as the Board of Directors
may fix, or the same may be issued at
not less than par for labor done or ser
vices rendered said corporation. or prop
corporation. This corporation shall he
and become going concern and shall
be authorized TO commence business
when and as soon as Twenty-Five Thou
sand Dollars (S25OOOOOJ of the capital
stock shall be subscribed and paid for,
all in accordance with the requirements
Of the state of Louisiana for 1914. and
the amendments thereto.
ARTICLE V. All the corporate powers
of this company shall be vested in, and
the management and control of its affairs
shall be exercised by. Board of Direc-
tors composed of four stockholders. A
majority of said directors shall constitute
a quorum for the transaction of all bust |
ness. The directors shall be elected an /
nually, by ballot. by the stockholders. |
on the first Tuesday after the first Mon /
day in each year. Each stakeholder shall !
be entitled, in person or by proxy: to |
a vote for every share owned by him, |
and all elections shall be held under |
such rules and regulations as may he
determined by the Board of Directors,
after fifteen 05) days notice by mail |
of such election shall have been sent to
each stakeholder at his last known ad-
dress. All voting shall be by ballot.
The directors thus elected shall continue
in office for one year. or until their sue
cessOrs shall have been duly elected and
qualified. No failure to elect shall be
regarded as forfeiture Of this charter.
Any vacancy occurring said board
shall be filled by the remaining directors
for the unexpired term; the said board
shall likewise elect the additional mem
hers in ease they should def ,rminr to
increase the number on the said board.
Said board shall have the right to con-
sOlidate or segregate any two OF said
offices into one; and to appoint a Sec
rotary. who need not be either a director
or stakeholder, as also the right to ap
point and dismiss such clerks. managers
and other employees of the corporation
rs conditions may justify or the business
IF the corporation may require. The
tenure of office of all the employees of
the corporation shall he during the pleas
Ire of the Board of Directors Any Of
he directors shall have the right to ap-
point. by written instrument. another
director or stakeholder to act as his
proxy and in his stead at any and all
meetings of the Board of Directors s
The first Board of Directors shall con-
list Of four stockholders, and shall be
Composed of Joseph Burnstein. Joseph
ietz, Bernard Titche and Irving Freud
President and the said Joseph Getz as a
Treasurer. s
The postoffice addresses of said direc- $
Ors are as follows: Joseph Burnstein !
ett Ss canal S syeet Orleans NsW 5Ssern
BERNARD Titche. 1913 Napoleon avenue. y
Few Orleans; Irving Freudberg, 1908 d
I'm street. Dallas, Texas. o
ARTICLE vi. The officers Of this cor 7
,oratfOn shall be al President. and a u
treasurer. and a Secretary, but the Of
ces Of Treasurer and Secretary may be o
nited as Secretary Treasurer. Joseph a
oseph Geta the
rer, and they shall hold office until Z
heir successors are elected. n
ARTICLE VII. In the event of the s
9uidation or dissolution of this corpor- /.
ton. the stockholders shall elect two T.
quidators from among their number. at Ia
meeting convened for that purpose. +
fter fifteen Q5) days written notice to OF
nch stockholder by mail to his last u
nown address; said liquidators shall Il
ave the authority to wind up the bust
ess and affairs of this corporation. Is
ARTICLE VIII, This charter may he to
ssent of stockholders owning two-thirds 81
the entire capital stock at a general
Getting of the stockholders convened for m
ritten notice shall have been given to m
lch stakeholder. mailed to him at his TO
st known address. III
ARTICLE IN. No subscriber for stock
lall ever be held liable for the con- AZ
acts: faults or debts of said corpora re
on in any further sum than the un- IN
lid balance. If any, due the corpora go go
on on the stock for which he has sub re re
ribed; nor shall any stakeholder ever nc
held liable for such contracts. faults u,
debts In any further sum than the M 81
lpald balance, If any. on the stock Ia
rmality in organization have the effect o ue
rendering this charter null or render a
e any subscriber or stakeholder liable ca
yond the unpaid amount IL any, re- ol vi,
aiming due on his stock. pN
ARTICLE Y. All sales and other trans
RS or any Of the stock of this corpor- mi
ion shall be void. unless said stock or
all have been previously offered to the wi
en- existing stockholders through the ita
'ard OF Directors Mt a stipulated price m,
d If the board. for said stockholders. DO
es not see fit to purchase said stock no
en- 1t shall not be sold Mt a less price' OF,
upon such favorable terms. without adj
ewise offering It to the board AT sucb No
ice and upon such terms. CO.
In case of sale or transfer OF stock, :
2 then holders of stock of the said col
mpany shall have the right to pur- by
ase said stock in the ratio of their th'
ldings of stock of the company This wi
DIVISION shall be written. printed or du
lmped on each certificate of stock.
ARTICLE IN. This corporation Is evt
ganiZed under the laws of the state tra
louisiana, and especially Act No. 267 su,
1914, and the subscribers hereto for COZ
'mselves and said corporation. and for MI
ofncers. directors and stockholders u u
reby accept as part Of this charter and .ht
conditions OF this corporation all the no
hts. powers. privileges and immuni- pa,
granted to corporations and granted
ana conferred upon officers. directors ~ ~
4 stockholders of corporations by said .ne
vs. and said act: such acceptance be- 1T IT
as full, complete and binding as n en n
rights powers. privilege and i'm a.
trument the