The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-07
CHARTER
CHARTER OF U. 8. NOVELTY AND
MANUFACTURING COMPANY. INC.

CHARTER OF U. 8. NOVELTY AND
MANUFACTURING COMPANY. INC.
United States of America, State or
Louisiana, Parish OF Orleans. City OF New
~ sixth day Of October, in the year of
our Lord. one thousand. nine hundred
and twenty-five, before me, Clarence de
Lucas, a notary public, in and Tor the
Parish Of Orleans State OF Louisiana
duly commissioned, qualified and sworn,
personally came and appeared the parties
whose names are hereuntO subscribed and
who declared that availing themselves OF
the laws Of this state and particularly Act
No. 267 of 1914, relative to the organiza-
ton Of corporations for any lawful pur-
pose or purposes, they have covenanted
and agreed, and do by these presents cove
nant and agree and bind themselves as
well as such other persons as may here
after become associated with them, to
form themselves into a body polite in
law for the objects and purposes and I'M
der articles, terms and considerations fol
lowing, to-wit:
corporation shall be "U. s. Novelty and
Manufacturing Company. Inc, and under
its corporate name Ii shall have power
and authority to have and enjoy success
sion for the term Of ninety nine 1897 years
from the date hereof. To contract, sue
and be sued, to make and use a corporate
seal, and the same to break and alter at
pleasure, to hold, receive, lease and pur-
both real, personal and mixed. and the
same to sell, mortgage, pledge, hypothe-
cate. lease or otherwise dispose OF, to lend
any portion Of it's capital stock or income
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
necessary bylaws for the proper man
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
ganized and the nature of the business to
be carried on by 1t are hereby declared
to be:
To conduct and carry on the business Of
manufacturing. buying. selling and deal
ing in and with textile fabrics. leather
goods and novelties Of all kinds, orna-
ments, notions. fancy goods, devices.
goods, wares, merchandise and commodi-
ties.
ARTICLE III-The domicie OF this
corporation shall be In the City Of New
Orleans, Parish Of Orleans. State Of
Louisiana, but 1t may establish offices and
agencies throughout the United States Of
America. All citations or other legal
dent Of said corporation or in the event
of his absence. upon the secretary treas
urere thereof
ARTICLE Iv-The capital stock of this
corporation shall be fifteen thousand dol
lars ($15,0O000) to be divided into one
hundred and fifty shares of the par value
Of one hundred dollars each. which shall
be paid for In cash or equivalent, for
actually rendered. The amount to which
the capital stock of this corporation may
be increased shall be the sum Of fifty
thousand dollars. s-@
Germ and authorized to begin business as
soon as fifty per cent Of the capital stock
has been subscribed for and paid in to
said corporation.
to issue full paid stock for property trans
ferred to said corporation or for labor
and services rendered.
ARTICLE Van the corporate pow
and exercised by a board Of directors
composed of not less than three stock
holders who shall be elected by the
stockholders at the annual meeting of
the 18th day Of January. 1928 of each year
following. majority of the stock
holders shall constitute a quorum for the
transaction Of business.
be president, vice-president and a Sec
rotary treasurer, provided. however. the
secretary treasurer may be one officer
they shall be elected annually by the
board Of directors from among their num-
Der: all directors and officers shall be
elected for a term of one year, bat shall
hold office until their successors are elect
ed and qualified.
Any vacancy in the board Of directors
or officers from whatever cause shall be
filed from among the stockholders by the
remaining members Of the board.
The board of directors shall have
x-it rnfar 10 aha
holders Of the company: to buy, sell
lease. mortgage, hypothecate, borrow, Is
sue bonds, notes and pledges Of all kinds
whether movables or immoyables and
generally to exercise all powers conferred
on this board Of directors by these ar
ticles Of incorporation.
All elections shall be by ballot, each
share shall be entitled to one vote and
the majority Of the votes cast shall elect.
At all meetings each stakeholder shall
be entitled to one vote either In person
or by written proxy for each share OF
stock standing In his name on the books
shall be voted at any meeting which has
been transferred upon the books within
thirty days prior to the said meeting.
,r NO sto ssi I.n may sell. assign oil
Jess thirty days previous notice in writ
pg OF such intention to SELL assign Of
fansfer said stock be given to the com
pany previous to said sale assignment O.
transfer, and upon such notice the boa r,
Of directors shall have the right to pur
chase the stock at its book value by re
ference to the balance sheet of the las
FISCAL year, upon failure of the board o
directors to pass a resolution before tn
expiration of thirty days to purc6as
said stock at its book value said stocl
may be sold in open market
ARTICLE VINO stakeholder shall eve
be held liable for the contracts faults O
debts of this corporation, nor shall an
mere informality in its organization hav
the effect Of rendering this charter void
or Of exposing q stakeholder to any liza
bility beyond the unpaid balance due Of
the shares owned by him.
ARTICLE vII-The first board Of di
rectors shall consist Of: John Behrend
president, whose post Office address 4
1911 Sycamore Street, New Orleans, Louis
lana; Francis K. Getchell, secretary
treasurer. whose POST office address
1905 Seventh street, New Orleans Louis
lana; and Hubert N. Ansley. vice-presi
dent. whose post Office address IL 30
Louisiana Building, New Orleans, Louis
ARTICLE vIII-This act of incorpora
tion may be changed. modified. altered
or amended or this corporation may b.
dissolved with the assent Of stockholderl
owning three-fourths Of the stock Of the
corporation present or represented at q
general meeting convened for that purpose
and after at least ten days written notice
has been given through mail. to each
stockholder at his last known place Or
residence. In case Of dissolution By the
expiration Of this charter or otherwise.
the stockholders shall elect three hQuida-