The herald., 1922-11-30
CHARTER

Hosiery Mills, Inc, anu Dy tndt COrpOIdte
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
corporate seal, to hold, receive, purchase.
convey, mortgage, hypOthecate, or pledge
property, both real and personal, to name
and employ such managers, directors, OF
fcers agents or other employees as the
interest of said corporation may require,
and to make and establish such by-laws,
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 hbre
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-
featured by said corporation. To purchase
real estate, buildings, machinery, appD-
ances and appurtenances as may be re-
business of this corporation, and general
ly to do all and everything pertaining to
or in any manner connected with the pur-
poses herenbefore declared.
ARTICLE Iv-The capital stock of this
corporation is fixed at the sum of So,
10000 represented by 100 shares at par
value of $4,000 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: % shares
| Of accumuative preferred stock of par
value of $4,000 per share carrying with
| IL accumulative dividend of per cent
per annum and 10 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
| of three years from time of organization
| by paying to the preferred stock holders
bonus of % per cent in addition TO all
| dividends that is due or accruing thereto
at the time of redemption.
| ARTICLE v-All of the corporate pow.
ers of said corporation and the control
| and management of its business. shall be
| vested and exercised by a board of direc-
| tors, composed of stockholders, and 3 OF
| whom shall constitute a quorum for bust
| ness. The directors shall be elected an
nually by ballot by the stockholders al
| the office Of the corporation on the third
Monday in January of each year. Tn,
first election to take place in January 1923
Monday of January 1928 the following
| stockholders shall constitute the board OF
directors of this corporation, viz. George
II. Booth, president and treasurer Arm
| strong Donaldson, vice president: Georg'
l ID. Booth. secretary. Each stockhOldel
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
continue in office for one year. or unit
their successors are elected or appointed
ARTICLE VI-This act Of incorporation
may be changed, modified or altered, anc
| said corporation may be dissolved will
the assent Of three-Quarters of the stool
| represented at a general meeting of tn
stockholders, convened for such purpose
after at least 10 days written notice o
such meeting shall have been given b!
mail to the place Of business or residence
Of such stockholders, and ten days publ
cation in one of the daily newspapers o
the City of New Orleans.
ARTICLE Vino stakeholder shall b.
held liable or responsible for the con
ton, nor shall any mere informality in it
organization have the effect of renderin,
it's charter null, or exposing any stock
holder to any liability beyond the unPai'
balance due on the shares owned by him
ARTICLE VIII-This corporation shall
be authorized to begin operation unde
this charter soon as so shares of stocl
is subscribed and paid for.
Thus done and passed in the City o
| New Orleans on the day and date frs
above mentioned, in the presence of Lith
rus Frazier and Otto ID. Donaldson. com
petent witnesses of lawful age, resident
of this city, who hereunto sign thei
names with said appearers and me NO
| tary.
Signatures Of Common Stockholders.
ORIGINAL SIGNED)
George III. Booth, New Orleans, La.
shares, $1,5OO0O: Esther Booth. New Or
Booth, New Orleans, La, IA shares. 81,
10000: Reginald c. Yates, New Orleans
La, shares, $4,000: George ID. Bootf
New Orleans, La. z shares, $4,000; Yves
ton f. Booth, New Orleans, La, shares
; $4,000; Armstrong Donaldson, New Or
leans. La, 5 shares. $4,000; Joseph I
Ebert, New Orleans, La, shares, $5OOO'
Witnesses: (Signed) L. Frazier, OFT
, ID. Donaldson.
GABRIEL FERNANDEZ. JR..
(SeaD Notary Public
/, the undersigned Recorder Of Mort
cages, in and for the parish Of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing act of incorpors
ton of the Marion Pelican Hosiery Mills
Inc, was this day duly recorded in m
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. 3o-Jan. 4.