The herald., 1922-11-30
CHARTER
CHARTER OF q. s. NOVELTY AND
MANUFACTURING COMPANY INC.

CHARTER OF q. s. NOVELTY AM
MANUFACTURING COMPANY, INC.
United States Of America, State O
Louisiana, Parish Of Orleans, City of Ne,
Orleans, Be 1t known. that on this TWEEN
ty-sixth day of October, in the year o
our Lord, one thousand, nine hundre,
and twenty-five, before me- Clarence d
Lucas, notary public, in and for tn
Parish OF Orleans, State Of Louisiana
duly commissioned qualified and sworn
personally came and appeared the parties
whose names are hereunt0 subscribed anC
who declared that availing themselves o.
the laws OF this state and particularly Ac
No. 261 Of 1914. relative to the organiza
ton of corporations for any lawful pur
pose or purposes, they have covenanteG
and agreed, and do by these presents cove
nant and agree and bind themselves a.
well as such other persons as may here
after become associated with them, e
form themselves into a body polite In
law for the objects and purposes and un.
ger articles, terms and considerations fol
lowing, towit:
ARTICLE 1.-The name and title of this
corporation shall be ~. s. Novelty and
Manufacturing Company, Inc, and under
and authority to have and enjoy success
sion for the term Of ninety nine (99) years
from the date hereof. To contract, sue
and be sued. to make and use corporate
seal, and the same to break and alter at
pleasure, to hold, receive, lease and pur-
chase under its corporate name, property
ooth real personal and mixed. and the
cate. lease or otherwise dispose Of to lend
any portion Of its capital stock or income
y from other sources or mortgage or other
security, to contract make and indorse
bills Of exchange and promissory notes,
TO issue bonds, to name and appoint such
officers and agents as the interest of said
corporation may require, to make all
agement Of its affairs, to acquire stock
and bonds Of other corporations, to in
crease or diminish its capital stock. and
generally to do and perform in this state
or any other state all such things and
exercise such rights and powers permitted
by law to corporations.
ARTICLE 1.-THE objects and pur-
poses for which this corporation is Or
gained and the nature Of the business to
to be:
To conduct and carry on the business of
ing in and with textile fabrics, leather
goods and novelties Of all kinds. orna-
ments, notions. fancy goods, devices,
goods, wares. merchandise and commodi-
ARTICLE III-The domiciIe OF this
corporation shall be in the City Of New
orleans Parish Of Orleans, State of
agencies throughout the United States of
America All citations or other legal
process shall be served upon the presi- |
dent OF said corporation or in the event |
OF OH MS absence. upon the secretary treas
ARTICLE Iv-The capital stock Of this
corporation shall be fifteen thousand dol
lars Hl5,000.00) to be divided into one
Of one hundred dollars each, which shall
De paid for In cash or equivalent, for
property for labor performed or services
act rendered. The amount to which
the capital stock Of this corporation may
De increased shall be the sum Of fifty
thousand dollars.
This corporation shall be a going con-
Germ and authorized to begin business as
has been subscribed for and paid in to
said corporation.
Tho board Of directors shall have power
to issue full paid stock for property trans
ierred to said corporation or for labor
and services rendered
ers OF this corporation shall be vested in
and exercised by a board Of directors
composed OF not less than three stock
s nS,cess who shall be elected By the
the corpolltion, which shall be held on
the 10Th day Of January. 1923, of each year
hoS.rs Shall co %aiS5tty Of the stock
transaction Of business.
The officers Of this corporation shall
De president, vice-president and a sec
resary treasurer, provided. however, the
s seeerets ah ytressurer may be one OFFICER;
|
board Of directors from among their num-
Der all directors and officers shall be
elected for a term Of one year. but shall
hold office until their successors are elect
ed and qualified.
Any vacancy In the board of directors
or onicers from whatever cause shall be
hlled from among the stockholders by the
remaining members of the board.
,o Tne board :, Of directors shalls-have
power without reference to the share !
holders Of the company: to buy. sell. !
lease. mortgage, hypothecate, borrow, is, !.
sue s"h ponds. notes and pledges Of all kinds =
reneralIv H to a or immovables and i
on this board of directors bv these ar .
ticies of incorporation.
All elections shall be by ballot. each n
sha snail be entitled to one vote and o
the majority Of the votes cast shall eiant
At all meetings each stockholder shall =
oe entitled to one vote either in person :,
= py written proxy for each share of i,
Of The s oarg In his name on the books s.
VI ,ne corporation; provided that no stock .
s snsn oe voted at any meeting which has :,
veen transferred upon the books within a.
'nIrty days prior to the said meeting. y
no stockholder may sell. assign, or II
transfer his stock in this corporation mn. n
,ess thirty days previous notice in writ
ing OF such intention to SELL assign or n
sransier said stock be given to the com
kransfsr e, nod 10 said sale, assignment or c.
2, directors shall have the right To mr. u
chase the stock at its book yaIna ~
ference to the balance sheet on tho last =,
nscai year. upon failure of the hoard of =
directors to pass a resolution before tba u
expiration Of thirty DAYS to pnrchsse -
SAID stock at Its book value. said stock II
may De sold in open market.
ARTICLE VINO stakeholder shall ever q,
a. neiu maple Tor the contracts, faults or n
uepts OF this corporation, nor shall any m
mere lnIormality In its organization have q,
me ehect OF rendering this charter void. 10
er vi exposing n stakeholder to any liza. | -
LILY ueyond the unpaid balance due on
me snares owned by him. =,
ARTICLE vII-The first board n, a. n
rectors shall consist Of: John Rehrend T,
president, whose post office address, is IN
oil sycamore Street, New Orleans. I,ouis- "a
ana Francis Il. Getchell. secretarv A,
reasurer whose post office address il 90
2U6 Seventh street. New Orleans I,ouis =,
ana; and Hubert NJ. Ansley, yice-nresi. -,
lent, whose post Office address Ia 400 GU
louisiana Building, New Orleans. Louis =,
ana. on
ARTICLE vIII-This act Of incorpora- te
lon may be changed, modified, altered In
{ amended or this corporation may be no
Issolved with the assent Of stockholders
wing three-fourths of the stock Of the ms
'rporation present or represented at a | sn
neral meeting convened for that purpose to
ID after at least ten days written notice nv
IL been given through mail, to each
ockholder at his last known place or mi
sidence. In case Of dissolution by the "a
piration Of this charter or otherwise. nj,