The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-15
CHARTER.

named and undersigned, personally came
and appeared tn" several persons whose
names are hereuntO subscribed. all above
the full age of majority, who Severally
declared that, availing themselves of the
laws of the state of Louisiana, particu-
larly Act 267 of 1914. relative TO the
organization Of corporations. they do by
these presents agree and bind them
as may hereafter become associated with
them, to form and constitute a cOrpOr-
alton for the objects and purposes and
under the articles and stipulatiOns fol
lowing, tO-wit:
ARTICLE l. The name style and title
of this corporation shall he IDEAL MIL
LlNERN. INC. and under that name IL
shall have and enjoy all the rights. ad-
vantages and privileges granted by law
to corporations, and shall exist for the
full term and period of ninety nine years
from this date. 1t shall have power to
contract, sue and be sued; to make and
use a corporate seal and the same to
alter and break at pleasure; to hold
receive. lease, purchase. sell and convey,
well as mortgage. hypothecate and
pledge property. real, personal and
mixed, corporal and incorporate: to
name and appoint such managers. dtrec-
tors. officers. agents and other employees
as its interest and convenience may re
quire. and to make and establish as well
as alter and amend from time to time
such bylaws. rules and regulations as
may be necessary and eNpedient for the
proper management and government of
the affairs of said corporation.
ARTICLE H. The domicile of this
CORPORATION is hereby fixed in the city
OF New Orleans, state of Louisiana, and
all citations or other legal process shall
be served upon the President of this
corporation, or, in his absence, upon its
Secretary.
ARTICLE Ill The objects and pur-
poses for which this corporation Is estab-
lshed and the nature of the business
to be carried on by it are hereby de
clared to be: To do general millinery
business: to purchase. sell and manu-
facture millinery and millinery goods of
all kinds and descriptions, and all arti-
cles appertaining thereto. and all other
merchandise connected Herewith, and in
commercial pursuits without any re-
strictiOn whatsoever. and generally to do
and perform all such other acts and
things as may be requisite and neces-
poses of those incidental to its business
to lease. renE - purchase and main
tain such buildings and premises as
may be necessary, incidental to, or con-
venient for carrying on its said business.
and generally TO do and transact all
business properly connected with, Incl
dental or convenient to any Of the said
objects and purposes.
this corporation is hereby fixed at the
sum of Five Thousand Dollars (S5.0OO.OO).
to be divided into and represented by
fifty (5O) shares in the sum Of One Hun
shall only be issued for cash or in pay
menn Of property actually received or
purchased by said corporation. The cap
ital stock of this corporation may be
increased to the sum OF Ten Thousand
Dollars ($10OO0.0O).
ARTICLE V. All the corporate powers
of this corporation shall be exercised by
Board of Directors consisting of three
shall constitute a quorum for the trans
action of business. The directors may
vote ia person or by written proxy In
favor Of another director. The Board
Of Directors shall elect annually from
among their number a President, a Vice
President and a Secretary Treasurer.
The first Board of Directors shall con-
sist Of three (3) stockholders. and shall
be composed Of Alice Lassalle Giesen,
Lydia Lassalle and Delphine Lassalle.
with Alice Lassalle Giesen as President.
Lydia Lassalle as Vice-President. and
Delphine Lassalle as Secretary-Treasurer
The postOffce addresses of said direc-
tors are as follows: Alice Lassalle Giesen.
s22S Pritchard place. New Orleans, La.
Lydia Lassalle, 1887 n. Broad street. New
Orleans, La; Delphine Lassalle 143I y.
Broad street. New Orleans La. A..
These directors shall serve until the
second Tuesday in June. 1923. or until
their successors have been duly elected
and qualified. The annual meeting Of
shall be held on the second Tuesday in
June of each year, unless said day be
a legal holiday, and then on the next
bank day thereafter. Any vacancy occur
ignation or otherwise shall be filed by
election for the unexpired term by the
remaining directors. Each subscriber
hereto sets after his name his postofhce
address and statement of the number
of shares of stock which he agrees Ia
take I'm the corporation. At all elections
every stakeholder shall be entitled to one
vote for each share of stock standing
in his name on the books Of the cor
poratiOn, to be cast In person or by
written proxy. A majority Of the votes
cast shall elect.
ARTICLE vi. In the event of the
| liquidation or dissolution of this cor.
poration the stockholders shall elect
three liQuidators from among their mum
Der at a meeting convened for that pur-
pose. after fifteen 05) days written
notice sent to each stockholder by mai
to his last known address: said liqui.
dators shall have the authority to wind
up the business and affairs of this cor
poration. In case of the death of a
| liquidator. the survivors shall appoint
| stakeholder as successor to him.
ARTICLE VII. This charter may be
modified. changed or altered. or said cor
pOratiOn may be dissolved. with the
assent of stockholders owning two-thirds
of the entire capital stock, at a genera
4
that purpose. after fifteen Q5) days
written notice shall have been given Il
each stakeholder, mailed to him at his
last known address.
| ARTICLE VIII. No subscriber fol-
stock shall ever be held liable for tho
contracts. faults or debts of said cor
poration in any further sum than tho
unpaid balance, If any. due the corpor'
alton on the stock for which he has
subscribed; nor shall any stockholder
ever be held liable for such contracts
faults or debts in any further sum thar
the unpaid balance, If any, on the stock
owned by him: nor shall any mere in
formality in organization have the effect
of rendering this charter null or rem
dering any subscriber or stakeholder
liable beyond the unpaid amount, If any
ARTICLE TX. This corporation Is
| organized under the laws of the state
of Louisiana, and especially Act No. 26i
| of 1914 and the subscribers hereto fol-
| themselves and said corporation. and for
| its officers, directors and stockholders
hereby accent as part Of this charter
and as conditions Of this corporation all
munities granted to corporations and
granted to and conferred upon officers
directors and stockholders of corpora
| lions by said laws and said act; such
acceptance being as full. complete and
binding as IL said rights. powers. priv
| ileges and immunities were set forth al
length in this instrument.
Thus done and passed in my notaria
office In the city Of New Orleans, afore.
and Holger G. Kohnke. competent wit
nesses Of lawful age and residing in this
city. who hereunto subscribe their names
together with said parties and me. Notary