The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER OF MARION PELICAN
HOSIERY MILLS. INC.

State of Louisiana, Parish Of OrIe.ns
G tbiyy o. b. New orleans, Be it known. that on
me, Gabriel Fernandez, Jr., notary nnhe
nc, duly sworn, commissioned and onali.
PED, In and for the Parish of Orleans
Ssate Oh Louisiana, and in the presence
oi the witnesses hereinafter named and
undersigned, personally came and an
peared the persons whose names are here
unto subscribed, who severalIy declared
s Sta avaihng themselves Of the laws of the
STATE or Louisiana, in such cases made
and provided, they have covenanted and
agreed, and do by these presents, Covenant
ana agree and bind themselves, as well as
asso sh persons sons as may hereafter become
poration for the objects and purposes and
under the articles and stipulations. TO-
wit: W
ARTICLE THE name and style of
SAID corporation shall be Marion Pelican
Hosiery Mills, Inc, and by that corporate
name said corporation shall have hover
ana authority to have and enjoy corporate
existence for period of 90 years from
ABOVE GATE, TO contract sue and be sued
In Its corporate name; to name and use a
corporate SEAL to hold, receive, purcha Sc
convey, mortgage, hypothecate. or pledge
pnnSSperty, both real and personal, to name
anu employ SUCH managers, directors, Of
ncers, agents or other employees as the
interest OF said corporation NAV require
ana TO make and establish such bylaws.
| rules and regulations for the proper
management of said corporation as NAV
De deemed necessary.
ARTICLE 1.-THE domfcile of said cor
poration shall 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
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.
fracture 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-
featured by said corporation. To purchase
real estate. buildings machinery, appli-
ances and appurtenances as may be re-
CURED 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 IV-The capital stock of this
corporation is fixed at the sum of $1O.-
value Of 10000 each, which capital stock
may be increased or decreased as per-
mitted by the statutes Of this state. Said
capital stock may be issued for cash. or
other property received, or for services
rendered. The said capital stock shall be
divided and composed as follows: Is shares
OF accumulative preferred stock of par
value of $4,000 per share carrying with
1t accumulative dividend Of per cent
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
Of three years from time Of organization
| BY paying to the preferred stock holders