The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER

Orleans he II known, that on TINS ION
day of the month of December III th'
wear Of our Lord, one Thousand Nih'
Hundred and Twenty one, before me
Harry Emmett McEnerny, Il Notary iuD
LID duly commissioned aud quailneu u
and for this city and the Parish Of UT
leans. therein residing, and III the pres
ence of the witnesses hereinafter nance
and undersigned, personally came anu dp
peared the several persons whose hahe'
are hereunto subscribed, who declared u
me, notary in the presence of the under
signed witnesses, that, avalllng them
selves of the provisions OF the laws
the State of Louisiana, ana particular!
of the provisions of Act 2b' OF l9lt, tue!
have mutually agreed and contracted, ah'
Nv tb.sa urrsents do agree and contract
and hind and Obligate themselves, thtl
heirs and assigns, and all persons Wh'
NAV hereafter become ASSOCIATED VIII
them herein. to form corporation uhue
the name and for the objects ana pur
noses and under the terms, stipulation
and provisions contained III the loio"i I'M
articles, tO-wit:
IRTICLE The name of the cOrpor
ation shall be Gold Seal Hosiery Com
pany, Inc. hi,
ARTICLE 1.-THE purposes for whicl
the corporation is formed are hereby dc
clared to be as follows:
FiTSt-To buy. purchase, acquire re
away, exchange, and to trade III men ;
wOmen's and children's hosiery and KIN
dred lines of merchandise; either retal
or wholesale.
Second-TO acquire by purchase, sub
scriptiOn or otherwise, and TO hold' sell
assign, transfer, exchange mOrtsase
pIedge or otherwise dispose of any shares
Of the capital stock, bonds or other eSl
dences of Indebtedness of any other cor
pOration, or corporations, association Ol
associations domestic or foreign, engaged
in any business in which this corporation
NAV be authorized to engage, or the own
ership of whose securities would be al
yantapeous or convenient in the prOtec
tion or promotion of any Of the purposes
or interests of this corporation, but Ohl!
TO the extent authorized by the laws VI
the State of Louisiana.
Third-To sue and De sued. to contract
sell, purchase, lease. mortgage pleue'
real and personal property, and TO carr!
out all or any part of the foregoing Cd
jects as principal, factor, agent. cOntrac
tor or otherwise, either alone or IN con
junction with any person, 1lrnl, assOcla
ton or corporation, and in any part Oh
the world; and in carrying on It's Dusl
ness and for the purpose OF ATTAINING
or furthering any of its objects, to make
and perform such contracts of any kind
and description; to do such acts ana
things, and to exercise any and all pow
ers as a natural person would Iawiuly
make perform, do or exercise, either
directly connected with the purpose OF
its organization or incidental thereto
provided the same be not Inconsistent
with the laws under which this corpora
ton is organized, or which may be here
after enacted.
ARTICLE UI-Tne capital stock OF
this corporation is hereby fixed at the
sum of Ten Thousand Dollars (SlO,OOO.OOD
to be represented by One Hundred (iool
shares of the par value of One Hundred
Dollars CSlOOO0) each. All the stock shall
be common stock. Stock shall be issued
either in cash or the equivalent thereof
and shall be paid for at such times and
in such manner as the Board of Direc-
tors may direct.
ARTICLE IV-The capital stock of this
corporation may be increased in accord
ance with law to the sum of Twenty
Thousand Dollars ($2O,OOO.OO). Each
stakeholder shall, at every stakeholder
meeting. be entitled to one vote, in person
or by written proxy, for each share OF
the capital stock held by him, or he
may send his vote by letter, the sig
nature of which must be acknowledged
before a Notary Public or other officer
authorized to take affidavits.
No stakeholder shall sell his stock to
anyone without first Offering Ii to the
board which Is given the right to pur-
chase IL at the value thereof as shown
on the books at the end of any fiscal
year of the corporation preceding the
date of its offer. The board shall within
ten days after the offer in writing Is
submitted to 1t, act upon the offer. IL
may buy stock for the corporation, or IL
may allot 1t to the stockholders in the
proportion of their then holdings.
ARTICLE y-The location of the DOM
icie of this corporation shall be the City
nrIn int Af nisiQ a
ton of all legal process and other legal
notices shall be served upon the presi-
dent, and in the absence Of the president,
on the yice-president.
ARTICLE VI-The period of duration
of this corporation shall be ninety nine
800 years.
ARTICLE yII-All the corporate power
of the corporation shall be vested in a
Board of Directors to consist of at least
three go and not more than five t5) MEM
bers, to be elected annually at a meeting
Of the stockholders held on the first
Monday in December. But II the first
Monday should fall ON a holiday, then
on the next following business day.
Three or more members Of the Board of
Directors shall constitute a quorum, and
shall be authorized to transact business
The Board Of Directors shall have the
right and the power, as Ii sees fit In its
discretion, to increase the number OF
directors at a meeting of the stockhold
ers regularly and lawfully called for that
purpose. Failure to elect shall not work
dissolution of the corporation, but th'
existing directors shall continue in Offic,
with full power until their successors are
elected.
The names and postoffice addresses o
the directors for the first year, who shall
serve from January 1, 1922, to Januar!
l. 1923, are as follows:
A. III. Rabenowitz, 26G5 Milan Stree,
New Orleans, La.
Il. b. Ferguson, 122 n. Miro Street, New
Orleans, La.
P. H. Ferguson. 40 N. Miro Street, Ne'
Orleans, La.
ARTICLE yIII-The names and post
Office addresses of the subscribers {
these articles of incorporation. and
statement Of the number of shares o
stock to which each has subscribed, ar
as follows:
A. ii. Rabenowitz, 1905 Milan Stree
New Orleans, La, fOrty-five (45) shares
e. b. Ferguson, Id n. Miro Street, Ne,
Orleans, La, twenty-five (25) shares.
=. III. Ferguson, 40 n. Miro Street, Ne,
Orleans, La, one (D share.
Thus done and passed in my Office i
the City of New Orleans, State Of Lou
isiana on the day and date hereinabov
written. and in the presence of Messr'
Harry Gamble and Will Gibbons McEner
ny, competent witnesses, who have signe
these presents with the said appearer
and me, notary, after due reading of tn
whole.
ORIGINALLY sIGNED):
A. II. RABENOwITZ.
Il. b. FERGUSON,
p. III. FERGUSON.
Witnesses: Harry Gamble and vii