The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER OF LACOSTE FUR COM
PANY, INC,

Louisiana, Parish of Orleans, City of New
Orleans, BE it known, that on this 18th
day of the month of November. in the
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 j. Guste, notary public,
duly commissioned and qualified in and
for the Parish of Orleans, State of Louis
lana, therein residing, and in the presence
| of the witnesses whose names are hereunto
| 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 26T of the General As
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
selves, as well as all other persons
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 of niAety-nine years from date
| hereof. unless sooner dissolved by liqui-
dation or otherwise. 1t shall have power
| 10 contract, 10 sue ana De SueO, TO make
and use a corporate seal, and to alter and
| break the same at pleasure; to hold, re-
ceive, lease. purchase, transfer, assign.
mortgage, hypothecate, pledge or other
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 domfcile of this cor
poration shall be in the City of New Or
1 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-
poses for which this corporation is or
| 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 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. thaopurchase 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 ($10O,000).
and shall be divided into and represented
| by one thousand shares of one hundred
/ dollars $1,000 each.
Said stock shall be paid for in cash or
! its equivalent.
| This corporation shall become a going
concern and shall be authorized to COM
mence business as soon as all of its CAPT.
tai stock sh3h have been subscribed and
| fifty per cent Of all stock subscribed shall
in fact have been paid for, either in cash
or In its equivalent.
corporation may be increased to the sum
| Of two hundred thousand dollars $500
| COCOON. by vote of two-thirds Of Its
capital stock at a special meeting called
/ for that purpose or at a regular annual
meeting Of the CORPORATION.
| ARTICLE VI-All certificates Of stock
| ssupd by this corporation shall be signed
by the president and countersigned by the
The stock of this corporation can be
1 transferred only on the books of the cor
poration, and subject to such REGULATIONS
and formaIities as may be by the board
of directors from time to time prescribed.
No stockholder shall be permitted to sell
or otherwise dispose of his stock without
other stockholders. through the board Of
| directors. at n price not exceeding the
hook value thereof: and said stockholders
in proportion to their holdings. shall have
the hook value Of snch stock. on Deem
Der 31st. last preceding. all the shares OF
| stock to be thus disDosed of nv sale or
otherwise Of anv Of the stockholders. and
said board of directors shall have a period
Of ten days in which to accent or decline
| said offer. Shonld the stockholders decline
to purchase said stock. then such stock
holder IL at liberty to sell or dispose OF
1 the stock. and NAV do in anv manner
| and at any price he may deem ft.
Each share Of stock IS issued herein
lupon the condition and understanding that
| no stakeholder shall sell or otherwise
transfer his stock in violation hereof. and
any such sale or transfer. II made. shall
he void and this corporation shall be nm
der no obligation to list said stock on its
hooks or to regard the holder Of the GER
/ tfficate Thereof
| ARTICLE vJT-The corporate POWERS
lof this corporation shall be vested in and
exercised nv a board Of not less than FIVE
/ directors. three Of whom shall constitute
/ a Quorum for the transaction Of business.
The first hoard Of directors Of this cor
noration shall he composed Of the follow
l,no: p. v. Lacoste. Henry p. Timothv.
Snsan p. Iawless. Emile J. Lacoste. Frant
Elliott, with the following Officers: v.
Iacoste. president: Henry p. Timothy.
vice president; Susan p. Lawless. secre-
lsary-treasurer and they shall serve until
the second TUESDAY, in October. 1924 or
until their successors shall he elected.
The directors shall he elected annually
| fhorca ffor at n meeting held IN the second