The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-21
CHARTER OF MARION PELICAN
HOSIERY MILLS. INC.

State of Louisiana, Parish of Orleans
Sity Oh New orleans, Be 1t known. that on
this list day Of November, 1922 before
me, Gabriel Fernandez, Jr., notary pub
nc, duly sworn. commissioned and quail
ped, In and for the Parish Of Orleans,
ofat th OF ,i louisiana. and In the presence
undersigned, personally came and APP
peared the persons whose names are here
unto subscribed. who seyerally declared
that availing themse of the laws of the
State Of Louisiana, in such cases made
and provided, they have covenanted and
agreed, and do by these presents, covenant
and agree and bind themselves, as well as
all such persons as may hereafter become
associated with them, to form a cor
poraticn for the objects and purposes and
under the articles and stipulations, to-
wit:
ARTICLE 1.-The name and style of
said corporation shall be Marion Pelican
Hosiery Mills, Inc, and by that corporate
name said corporation shall have power
and authority to have and enjoy corporate
existence for a period of 30 years from
above date, to contract, sue and be sued
In its corporate name; to name and use a
corporate seal, to- hold receive, purchase
convey, mortgage, hypothecate, or pledge
property, both real and personal, to name
and employ such managers, directors, Of
ficers, agents or other employees as the
interest Of said corporation may require,
and to make and establish such bylaws.
rules and regulations for the proper
management of said corporation as may
be deemed necessary.
ARTICLE 1.-THE domicile of said cor
poration shall be In the City of New Or
leans, state OF Louisiana, and all citations
and other legal process shall be served on
the president. and in his absence on the
| vice president.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
| tablished and the nature of the business
to be carried on, is to purchase any fibre
that Is made up into knitted goods. such
| as silk. artificial silk. wool or cotton. and
also any combination Of the above that
can be knit up into hosiery; also to man
ufacture yarns. and cotton, and wooden
goods Of all descriptions. to acquire work
and manage mills and factories for any OF
| said purposes, and to sell and dispose OF
the products owned, controlled and manu-
factured by said corporation. To purchase
real estate. buildings, machinery, appli.
| ances and appurtenances as may be re-
quired for the carrying on Of the said
business of this corporation, and general
y to DO all and everything Ss pertaining te
poses hereinbefore declared.
ARTICLE IV-The capital stock Of this
corporation Is fixed at the sum Of So.
10000 represented by 100 shares at pal
may be increased or decreased as per
mitted by the 5tatutes Of this state. Said
capital stock may be issued for cash. OF
other property received, or for services
divided and composed as follows: % shares
Of accumulative preferred stock Of pa
value Of $4,000 per share carrying Will
IL accumulative dividend Of per cen
per annum and IS shares Of common stool
Of par value Of $4,000 per share. Tn
holders Of common stock shall have IN
privilege Of redeeming whatever preferre(
stock Is sold. and outstanding ut the enc
Of three years from time Of organization
By paying to the preferred stock holder