The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER.
CHARTER OF o
,nTuISG CO., INC.

18th day Lord one th0u eis,1 "a Of the |
year Oh ,S twenty-five 'i Iaitsd States of |
dr ssssUendenee Of one 'n hundred and forty
.nmsrica, the me- WATTS n LEN'
sixth. befo,Te o,ary Public. duly cOIillnls
ERICH, qualified in ana lGr tne tbarain
stoned anu state of LOUISIANA t,it-
Of 0 ore and in the presedT'e and under
aesses hereansiIy came aud appeared tne
siened, peInns whose names are heIy
.syeral peIsSaJ who declared That avail
INTO suOsAaIves of the laws OF TINS os'
ing the".o the organization VI road |
relaW ,hey have coNehaIl' ','i,.,',ant s,rree
lions, tne! .hosa presents covenant aSiee'
and do 0! md constitute themselves as
hind, form % nersOns as may hereafter
we'll as SUI SUI assOciated with them, INTO
jOin OF u; or body pOlllc III iaN' ~
cOrpC na,s and purposes ana Hn 'it, une
the ooJst and stipulatlohs ioiio""s
agreements
to-wit: Tho name and title of
this eoIptVr 90 INC. and uhder Ns
CLOTHlNu ar,e il shall enjoy succession
cOrpora'e, eli term and period OF hlhet!
for lne from and after the ua.c ne,
nine hall have power anu 100,
Of s nt sue and be sueu 20 otSer
70 eV.aceiye mortgages, PIeus Gov
and Itecations: to make anu uee Va
hypotneoai and the same TO Dreak anu
p0raIe nlsasure: to purchase, receive
alter SolS or otherwise acquire anu vi
lease we'll as mortgage anu ny 80
vey ,s corporate name, property uo,n
unIei nersohal aud mixed dS and
real, and make and issue Oonus, anu
none! ISances of debt, and 10 secure
other e' hy mortgage and otherwise 10
he aths 70 and hold stock IN otner vi
sup.iaos. 10 acquire, hold ana reissus
pofauof It's capital stock; 10 carr guy
snAi ~ the objects and PURPOSES snch
al VI Ii ont: TO name and appoint sucs
sitter Sc. and directors, officers and
mahase tho interest and convenience OF
agen oornoratiOn may require anu "
aia and establish, as well as alter anu
ms.a AZ pleasure such DylaWs, rules
M IA regulations for the mahasenien. an"
anu ,a,ion of the affairs OF the corpora
resum nav he necessary, proper or con-
uoh and generally to do all such acts
veIe .tings as trading corporations are
anu .osS,sS 10 do under the laws OF the
STATE Of Louisiana.
,nrIcIF III. The domicile of this cor
a.,ion shall be in the Parish OF Or
ms state Of Louisiana, ana all cltatIohs
o,hsr legal process shall DE served
or V tse president of the company; or,
upVh, shseuc.. upon the Secretary.
,pTIcLE Ill The objects and pur-
81 Tor which this corporation Is organ
"a and the nature Of the business 10
~ s.rrSed on by IL, are hereby declared
=" no. To buy, sell and deal in, at both
wholesale and retail clotnihg, uoo.s'
49, hats. caps, millinery, neckwear,
sosery. gloves, fancy goods. tewelry,
sn,s and mems, wOmen's and children's
sn.nishinps, novelties and wearing ap-
nsrel OF all sorts, and all articles ana
mrsrchandise Of like character anu ue-
srription, and all other sorts or dry goods
sad merchandise. furniture and FURNISH
sns. FOR personal and household use and
sSornment. including all such articles OF
s.a,chandise as are or may be dealt IN
nv department stores; to buy and sell
d,v goods and to manufacture ana sell
as customs tailOrs wearing apparel OF
men women and children; to conduct the
business Of general dry goods and cloth
Ing merchants. tailors, diapers, haber-
asshers. milliners, dressmakers and gen.
eral outftters: TO carry on the general
mercantile business Of department
store to buy, sell. construct, lease, hold
develop and improve real estate and
bindings and improvements thereon OF
all sorts; TO buy, SELL acquire and hold
stocks. bonds. obligations and securities
of other corporations: to buy, sell and
deal In stocks and bonds, and to carry
on a general investment business; to eN-
change its entire capital stock or any part
thereof for property which it is author
lied 10 acquire: to exchange its entire
assets and business. or any part thereon,
for property. stocks or other obligations
Of other companies. firms or individuals !;
to carry on all operations and do all
things Incidental to or convenient for the
accomplishment Of any Of the foregoing
purposes and generally to 90 all such
acts and things as a general trading cor
poratiOn under the laws OF the State OF
Louisiana is or may be authorized to do.
ARTICLE ". Section l. The capital
stock of this corporation Is hereby fixed
a. Txra l.
00000). divided into and represented by
seven hundred and fifty (750) shares Of
preferred stock and twelve hundred and
fifty (l250) shares of common stock. all
Of the par value of One HCndred Dollars
$500 per share. The preferred stock
Hundred Thousand Dollars $500. OO0OO)
and the common stock may be increased
to similar figure.
Section 2. The capital stock, both pre-
ferred and common, shall be represented
by certificates, shall be full paid and non-
assessabh when issued. shall be issued
only for labor done or for property act
ually received. or for cash to be paid at
such times and In such amounts and
after such notice as may be determined
BY the Board Of Directors. and shall be
personal property. No transfer of said
corporation unless made in accordance
with its charter and bylaws and record
ed on the books thereof.
Section 3. The holders Of preferred
stock shall be entitled to receive a divi
tive from and after February 1st. 1922
dend at the rate Of but never exceeding
seven (O per cent per annum, cumula
payable out Of the net profits of the com.
pany on the first day Of February and
the first day of August Of each year be-
Tore any dividend Is paid upon the COM
mon stock. Should the net profits for
hA in Hafn 10 ontA 10
TERED dividend therefor. or any par
,hereof, any unpaid portion thereof shall
become charge against the net profits
OF the. company and shall be paid in full
out OF said net profits before any divi
dend Is paid upon the common stock. Ths
preferred stock shall never participate In
tne profits Of the company beyond It's
nxed preferential cumulative annual divi
oend OF seven (O per cent. but shall b.
psid In full up to its capital or par value
Plus accrued and unpaid dividends, II
any, al the rate Of seven ca per cent pei
snnum' before any amount shall be dis
tributed among the owners of the com
mon STOCK, In the event of any liquida
tloh or dissolution or distribution of tn,
s,sts OF the company, and shall not par
ucipate further in the distribution of tn,
assets OF the company.
oSuon Z. The preferred stock shall
nave no voting power whatever. and al
,a,.ers relating to the corporation, in
Guiding amendments to its charter, in
Su.ease or decrease of its capital stool
.nciuding increase or decrease of tn,
ysierred stock, dissolution or liquida
uon OF the company. and all other cor
yra,e matters shall be decided upon b,
me holders of the common stock exclu
n,ey, the rights of the preferred stock
,s oiaers being limited to the return o
a, v money invested by them with cuml
sarn oivicends thereon at the rate o
seven (1) per cent per annum. in the man
Aer Sc forth in this charter.
bnrSuon o. The entire issue of sever