The herald., 1922-11-30
CHARTER
CHARTER OF LACOsTE FUR COM
PANY, INC.

United States of America. State of
Louisiana, Parish Of Orleans, City of New
orleans daE ms 81, Be 1t known; that on this 2sth
year OF our Lord, one thousand nine hun
| derd and twenty-five, and of the indie
pendence Of the United States of America
the one hundred and forty seventh, before
| me William ]. Guste, a notary public,
| duly commissioned and qualified in and
| for the Parish of Orleans, State of Louis
lana, therein resiting, and in the presence
| OF the witnesses whose names are hereunto
| subscribed, personally came and appeared
the several parties whose names are
hereunto subscribed, who severally de-
clared that, availing themselves of the
laws of the State of Louisiana, in such
cases made and provided, and more par
] ticularly of Act 267 of the General As
1 sembly of the State of Louisiana of 1914,
relating to the creation, organization and
formation of corporations, they have cove
nanted and agreed, and by these presents
do hereby covenant, agree and bind them
as may hereafter become associated with
them, to form corporation for the OBJ
jects and purposes under the articles and
| stipulations following, which they hereby
| adopt as their charter, towit:
/ ARTICLE 1.-The name and title of this
corporation shall be Lacoste Fur Com
pany. Inc, and under its corporate name
It shall have power and authority to
| have and enjoy corporate existence for a
! period or ninety nine years from date
hereof, unless sooner dissolved by Hqui-
dation or otherwise. 1t shall have power
to contract to sue and be sued, to make
and use corporate seal, and to alter and
| break the same at pleasure; to hold, re-
celve, lease, purchase, transfer, assign,
wise dispose of property, real, personal or
mixed, corporal and incorporeal; to issue
bonds, and, IL desired, to secure same by
mortgage; to hold stocks in other COM
panies to make and elect officers and
| directors; to make, and establish, alter
and amend bylaws, rules and regulations
for its proper government, as may be
| deemed necessary and proper for the ex-
tension of the business in which the cor
pOration is engaged.
ARTICLE 1.-The domicile of this cor
poration shall be in the City of New Or
leans, Louisiana; and service of process
| shall be made upon the president, or, in
his absence, upon the secretary treasurer.
ARTICLE III-The objects and pur-
ganized and created. and the nature of
the business to be carried on by it, are
declared to be as follows:
To engage in and conduct a general
merchandise business, particularly of buy
ing. selling and dealing in raw and manu-
| featured furs, hides and skins; the pur-
chase and sale of said articles on com
mission and otherwise, the purchase and
sale Of agricultural products on commits.
sion or otherwise, and the general
carrying on of a produce business; and to
| do and perform all things appertaining
to or incidental to the carrying out and
proper execution of the objects and pur-
poses hereinabove mentioned.
ARTICLE IV-The capital stock of this
corporation Is hereby fixed at the sum OF
one hundred thousand dollars t$1OO,OOO)
and shall be divided into and represented
by one thousand shares of one hundred
Said stock shall be paid for in cash OF
its equivalent.
This corporation shall become a COINS
concern and shall be authorized to com
mence business as soon as all of it's CAPT
tai stock shall have been subscribed and
fifty per cent Of all stock subscribed shal
in fact have been paid for, either in cash
ARTICLE V-The capital stock Of this
corporation may be increased to the sum
of two hundred thousand dollars $500
0oO by vote Of aatns OF oaisd s
for that purpose. or at a regular annual
meeting Of the corporation.
ARTICLE VI-An certificates Of stocl
issued by this corporation shall be signed
by the president and countersigned by the
| secretary treasurer.
The stock of this corporation can b'
poration, and subject to such regulation,
and formalities as may be by the board
of directors from time to time prescribed
No stockholder shall be permitted to sci
or otherwise dispose Of his stock without
first offering the same in writing to the
other stockholders, through the board o.
directors, at a price not exceeding tn
in proportion to their holdings, shall have
an option and first right to- purchase, al
the book value Of such stock. on Deem
Der 31st, last preceding. all the shares o.
stock to be thus disposed Of by sale Of
otherwise Of any Of the stockholders, and
said board of directors shall have a period
of ten days in which to accept or decline
to purchase said stock, then such stock
holder is at liberty to sell or dispose O
the stock. and may do SO in any mannel
and at any price he may deem it s.,.,,
upon the condition and understanding tina
no stakeholder shall sell or otherwis,
transfer his stock In violation hereof, AND
be void and this corporation shall be un
der no obligation to list said stock on 1T
books or to regard the holder Of the Ger
ARTICLE VII-The corporate power
Of this corporation shall be vested in ant
exercised by board of not less than nv
directors, three Of whom shall constitute
the fer first 'S board Of directors Of this cor
poration shall be composed Of the follow
ing: p. v. Lacoste. Henry 2. Timothy
s1san p Lswless, Emile J; L aascst FraH q
Lacoste, president; Henry p. Timothy
vice president; Susan p. Lawless, secre
tary-treasurer, and they shall serve unit
until their successors shall be elected.
The directors shall be elected annually
thereafter at a meeting held on the SECOND
Tuesday In October after such date. No
tice Of said meeting shall be given tel
days prior to the date Of said meeting, II
writing. sent by mail to each stockholder
at his last know place Of residence: Tn
board Of directors may change the date o.
said annual meeting to any other date. by
written notice to that effect, sent at leasl
ten days prior to the date to which said
annual meeting shall be changed. directed
by mail to each stockholder, at his last
known place Of residence.
The directors when elected. shall hold
office for one year. or until their success
sors shall have been elected and qualified
and failure to hold the annual meeting OF
stockholders, or to elect annually direc
tors, shall not operate the forfeiture Of
this charter or any rights hereunder.
Any vacancy occurring In the board OF
directors may be filed by the directors
for the unexpired term.
ARTICLE vIII-This charter and acl
of Incorporation may be changed. modified
altered or amended by and with the con,
sent Of three-fourths Of all the stock al
that purpose; and such amendments may
be material or immaterial, subject only
to limitation. as may be by law provided
and this corporation shall have the r1gh'
and power to increase its capital stock
as hereinbefore set ont. and any increase
Of the capital stock in excess Of thu
amount named herein as the amount tt
which capital stock may be increased. may
be made by a three-fourths vote Of al
ARTICLE iX-Any and all meetings Of
stockhoIders referred to in this charter
or required by law, may be called by 4
ten days written notice sent to each
lstockho1der at the last place Of residence
furnished by him to the company.