The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-18
CHARTER

OF INTERSTATE COOPERATIVE MAIL
ORDER COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
| LEANS, CITY OF NEW ORLEANS.
Be it known, That on this thirteenth day
! OF April in the year OF our Lord one thou
sand nine hundred and eleven, and OF the
| Independence OF the United States OF Am
| erica the one hundred and thirty-ffth, before
me, William Mcclellan FayssouI, notary
public, in and for the parish OF Orleans,
| state Of Louisiana, duly commissioned and
qualified and in the presence OF the wit
| nesSeS hereinafter named and undersigned,
personally came and appeared the parties
whose names are hereunto subscribed, who
severally declared that, availing themselves
! of the provisions OF the laws Of this state
relative to the organization OF corporations
and especially Of act No. as OF the legisla-
tive acts OF the general assembly of the state
| OF Louisiana for the year nineteen hundred
and four, approved July 4th. 1904, and of
| the other laws OF this state relative TO cor
poratiOns and the organization and forma-
| ton thereof, they have cOvenanted and
| agreed and do by these presents covenant,
agree and bind themselves, as well as such
| other persons who may hereafter become
associated with them or their successors. TO
| form and constitute corporation or body
polite in law, for the objects and purpose,
and under the agreements and stipulstions
| following, to-wit
ARTICLE l.
The name and style of this corporation
shall be: INTERSTATE COOPERATIVE
MAIL ORDER COMPANY, and by that
| name il shall have power and authority to
exist and enjoy succession for the full term
| and period Of ninety-nine years, commenc-
| ing on and to be computed from and after
| the day and date hereof.
ARTICLE II
The domicile Of this corporation shall be
in the city Of New Orleans, state Of Louisi-
ana. All citations and other legal process
shall be served upon the president OF said
corporation; or, In case Of his absence or
inability to act, upon the vice-presidelt; or,
in the absence or Inability Of both the presi-
dent and vice-president to act, then upon the
secretary Of this company.
The president shall be the executive on
Ger of this corporation; he shall preside at
ARTICLE III.
The capital stock Of this corporation is
hereby fixed at the sum Of two million and
OO-1O0 $4,000. OOO.OO) dollars, represented
by two hundred thousand shares Of ten and
OO-1OO $4,000 dollars each. All stock sub
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by It are
hereby declared to be as follows to-wit e.: to
u
buying and selling Of merchandise Of every
known kind and description after the usual
manner Of mail order houses; to buy, own,
secure, manage and operate factories; to
buy and use copyrights and patents; to pub
llsh, manufacture and sell whatever said
copyrights and patents may cover and pro
tect; to establish and operate for Its own
use, for lighting or for power, an electric
copyright and publish a magazine, catalogues
and such other printed matter as might tend
to enhance and increase the profts or the
company; to do own and transact any and
all things necessary to the successful man
agement Of a mail order business, and pro-
perly conduct the business of this corpora
tion.
ARTICLE w.
This corporation may sue and be sued In
its corporate name: hold, have, receive, pur-
chase, convey, sell, mortgage, hypothecate,
pledge lease and suitcase and enjoy real,
personal and mixed property; also, borrow
money, make ana issue notes ana Donas ana
ceive grants Of land, or OF personal prop
erty; make and use a corporate seal, the
same to alter or break at pleasure; (but the
failure to have seal shall not invalidate
any of the acts or proceedings Of this corpo-
ration) name and appoint such managers,
officers, clerks and agents as the
corporation may require; and through Its
board of directors make and establish such
bylaws, rules and regulat lions for the proper
mana cement and regulation of the Affairs of
said corporation as may be necessary, and
the same to alter and change at pleasure;
And shall possess all the rights, powers and
privileges to which corporations are or may
be by any general law or laws OF this state
authorized and entitled to possess. Said
ers within any other state or territory in
the United States, or foreign country that
shall permit the same.
AprTcrEv
scribed for shall be payable at such times
and on such terms and conditions as the |
board of directors NAV from time to time |
fix and determine in each particular case or |
by general resolution.
The board Of directors may issue certifi- |
Gates CT paid-up stock In payment Of pro-
perty or goods actually delivered to this cor |
poration or for services actually rendered to |
1t, or for rights, privileges or franchises |
transferred to II, the valuation In each In
stance to be agreed to by the board Of di.
rectors, which shall have full and final |
power to do so.
Dividends shall be declared on the amount |
actually credited on the capital stock with |
out regard to the amount subscribed for.
This company shall begin operation as
soon as three hundred 1901 shares Of its |
capital stock are subscribed for or disposed |
All transfers of stock shall be made on
The books Of the corporation, and shall be
signed by the stakeholder or by his attorney. |
At all elections by. or meetings of the |
each share of stock whether |
paid for in full or not, shall be entitled to
me vote to be cast either by the person In |
whose name the stock appears on the books
" this corporation at the time of voting, or
~ his agent or proxy, duly authorized In
writing to that effect.
ARTICLE vi.
The business and sffairs and corporate
powers of this corporation shall be transact
d by a board Of directors Of not less than
i've nor more than nine directors, to be CON-
,osed Of stockholders Of this corporation,
,wning In their names not less than ten
l10) shares each. The stockholders may at