The herald., 1922-12-14
CHARTER OF MARION PELICAN
HOSIERY MILLS. INC.

CHARTER OF MARION PELICAN
HOSIERY MILLS, INC.
State of Louisiana, Parish of Orleans.
CITY or New Orleans, BE it known, that on
THIS list day of November, ly22 before
me, GABRIEL Fernandez, Jr., notary pup
IIc, duly sworn, commissioned ana quail
ped, III and tor the Parish OF Orleans,
otate Oh louisiana, ana IN the presence
of the witnesses hereinafter named ana
Undersigned, personally came anu ap-
peared the persons whose names are here
unto subscribed, who seyerally declared
That awaiting themselves OF the laws OF the
State or Louisiana, in sucn cases made
ana provided, they have covenanted and
agreed, and 40 by these presents covenant
and agree and bind themseh eS, as well as
All such persons as may hereafter become
associated with them, to form cor
pOratlon for the objects and purposes ana
under the articles and stipulations, to-
WIZ:
said corporation shall be Marion PelIcan
hosiery Mills, Inc, and by that corporate
name SAID corporation snail have power
and authority to have and enjoy corporate
existence for period of 90 years from
above date, to contract, sue and be sued
Al Its corporate name; 10 name and use
corporate seal, to hold. receive, purchase
convey, mortgage, hypOthecate, or pledge
property, bOtn real and personal, to name
ana employ such managers, directors, Of
ncers, agents or other employees as the
interest OF said corporation may require,
ana TO make and establish sucn by laws
rules and regulations for the proper
management OF said corporation as may
De deemed necessary.
ARTICLE 1.-THE domlcile of said cor
poratlon snail be in the City OF New Or
leans, state OF Louisiana, and all citations
ana other legal process shall be served on
the president, and in his absence on the
wee president.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
taDDshed and the nature of the business
10 De carried on, Is to purchase any Ibre
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.
uIacture yarns, and cotton, and wooden
goods or all descriptions, to acquire work
ana manage mills and factories Tor any of
said purposes, and to sell and dispose OF
the products owned, controlled and manu-
featured by said corporation. To purchase
real estate, buildings, machinery, appli-
ahces and appurtenances as may be re-
qdired for the carrying on of the said
business OF this corporation, and general
TO do all and everything pertaining TO
or In any manner connected with the pur-
poses hereinbefore declared.
ARTICLE lV-The capital stock of this
corporation Is fixed at the sum of SlU,-
Oo0.UO represented by 100 shares at par
value of $4,000 each, which capital stock
may be increased or decreased as per-
United by the statutes of this state. Said
III.
other property received, or for services
rendered. The said capital stock shall be
divided ana composed as follows: % shares
OF accumulative preferred stock of par
value of $4,000 per share carrying with
1t accumulative dividend of 8 per cent
per annum and 20 shares of common stock
Of par value Of $4,000 per share. The
holders Of common stock shall have the
privilege Of redeeming whatever preferred
stock Is sold, and outstanding at the end
Oh three years from time of organization;
a bonus Of 20 per cent in addition to all
dividends that is due or accruing thereto
at the time of redemption.
ARTICLE Vail Of the corporate pow
ers OF said corporation and the control
ana management Of its business. shall be
vested and exercised by a board of direc-
tors, composed Of stockholders, and of
whom snail constitute quorum for bust
ness. The directors shall be elected an
nually by ballot by the stockholders at
the office OF the corporation on the third
Monday in January of each year. The
first election to take place in January 1923
Until the election Is held on the third
Monday of January 1923, the following
stockholders shall constitute the board of
II. Booth. president and treasurer; Arm
strong Donaldson, vice-president: George
ID. Booth, secretary. Each stakeholder
shall be entitled In person, or by PROXY,
to one vote on every share of stock owned
by him, and such election shall be held by
three commissioners of election appointed
by the board of directors for said pur-
poses. The directors thus elected shall
their successors are elected or appointed.
ARTICLE VI-This act Of incorporation
may be changed, modified or altered, and
said corporation may be dissolved with
the assent q three quarters of the stock
represented at a general meeting of the
stockholders, convened for such purpose;
after at least 10 days written notice Of
such meeting shall have been given by
mail to the place Of business or residence
Of such stockholders, and ten days publ
cation In one of the daily newspapers of
the City Of New Orleans.
ARTICLE Vino stakeholder shall be
held liable or responsible for the con-
tracts, faults or debts of said corpora
ton, nor shall any mere informality in its
organization have the effect Of rendering
it's charter null, or exposins. any stock:
holder to any liability beyond the unpaid
balance due on the shares owned by him.
ARTICLE vIII-This corporation shall
this charter as soon as 80 shares Of stock
Is subscribed and paid for.
Thus done and passed In the City Of
New Orleans on the day and date first
above mentioned. in the presence Of Lith-
petent witnesses Of lawful age, residents
Of this city, who hereunto sign their
names with said appearers and me no
tary.
Signatures Of Common Stockholders.
ORIGINAL SIGNED)
George H. Booth, New Orleans, La, 10
shares, $1,500O0; Esther Booth. New Or
leans, La, Is shares, $1.50OO0; Edwin II.
Booth, New Orleans, La. IA shares, 81
10000; Reginald c. Yates, New Orleans,
La. shares, $4,000; George d. Booth,
New Orleans, La. z shares. $4,000; wes-
ton X. Booth, New Orleans, La, Z shares,
$4,000; Armstrong Donaldson, New Or
leans. La, 5 shares, $4,000; Joseph +.
Ebert. New Orleans. La, shares, $4,000.
Witnesses: (Signed) L. Frazier, Otto
ID. Donaldson.
GABRIEL FERNANDEZ. JR..
(Sean Notary Public
1. the undersigned Recorder Of Mort
cages, in and for the parish Of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing act Of incorpora-
ton Of the Marion Pelican Hosiery Mills.
Inc, was this day duly recorded in my
office, in Book 1919. folio =.
New Orleans. November 21st. 1922.
(Signed) ROBT. SCOTT,
by. Recorder of Mortgages.
A true copy Of the original:
GABRIEL FERNANDEZ. JR.
(SeaD Notary Public.
Nov. 30-Jan. L.