The herald. [volume] (New Orleans, La.) 1905-1953, 1913-08-21
CHARTER

OF KOTTEMANN FURNITURE COMPANY.
United States Of America, State of LOulSl-
ana, Parish of Orleans, City OF New Or
BE it known. that on this fifteenth day
Of the month of July, ia the year of our
Lord one thousand nine hundred and thir-
teen, and of the independence of the United
States of America the one hundred and
thirty-eighth. before me, Philip Gensler, Jr.,
a notary public duly commissioned and quail
flied in and for the parish of Orleans, therein
residing, personally appeared the persons
whose names are hereunto subscribed who
declared that availing themselves Of the pro-
visions Of the laws OF this state, relative TO
the organization OF corporations, they have
COvenanted and agreed, and do by these pres
cnts covenant and agree, bind, form and
constitute themselves, as well as such other
persons who may hereafter join or become
associated with them, into corporation and
body polite in law for the objects and pur-
poses and under the agreements and stipula-
tionS following, tO-wit
Article 1.-The name and title of this
corporatiOn shall be THE KOttemann Fur
shall have and enjoy all the rights, advan-
tages and privileges granted by law TO cor
pOrations; it shall exist for a period of
ninety-nine years from date hereof unless
sooner dissolved: it shall have the power to
contract, sue and be sued, in its corporate
name to make and use corporate seal, and
the same to break or alter at pleasure; to
hold receive, purchase, own, convey, mort
gage, hypOthecate or pledge property, both
real and personal to issue bonds, notes and
other obligations to have and employ such
managers, directors, officers, agents and 9TH
er employees as the interest and convenience
Of said corporation may require; and to
make and establish, alter, amend and repeal
such bylaws, rules and regulations, for the
management and control of the affairs Of
said corporation as may be deemed neces-
sary and expedient.
Article 1.-THE domicile of said corpora
tion shall be in the city OF New Orleans,
Of nj oil nff 4
other legal process shall be served on the
president, and, in his absence, on the vice
president, and, in the absence of both OF
said officers on the secretary-treasurer.
Article III.-The objects and purposes for
which this corporation Is established and
the nature of the business to be carried on
by Ii are hereby declared TO be TO buy and
sell, at wholesale or retail furniture and
housefurnishing goods of every kind, nature
and description whatsoever; and generally to
do and engage in any other business, under
taking or enterprise connected with growing
out of, germane or incidental to any of the
purposes and objects hereinabove set forth
or contemplated by this charter; and TO
carry on and conduct its business in the
state OF Louisiana, or any other state in
the United States, or elsewhere.
Article lV.-The capital stock of this
corporation Is fixed at the sum of three
thousand dollars $4,000, divided into thirty
shares of the par value Of one hundred dol.
lars each, payable in cash, or for labor done
or property actually received.
Any stakeholder desiring to sell, assign
or transfer his stock in this corporation
must first offer said stock to this corpora
ton, which shall have the exclusive right "a
purchase same for a period of ten days al
its book value.
No transfer OF stock shall be binding
upon this corporation unless made upon It's
books, and all certificates of stock shall be
signed by such officers as may be designated
by the board OF directors.
Article V.-An the corporate powers OF
this corporation and the management an(
control Of its affairs shall be exercised by
a board OF directors composed of three OF
more stockholders, majority OF whom shall
constitute quorum for the transaction o.
all business The directors shall be elected
annually by the stockholders, at a meetin.
to be held on the first Monday In July o.
each year. Each stakeholder shall be enti
tied, in person or by proxy, to a vote fo
| every share owned by him, and all elections
| shall be held under such rules and regula
| lions as may be determined by the board o
| directors. The directors thus elected shall
continue In office for one year, and unit
| their successors have been elected and quail
| fed. No failure to elect shall be regarde,
| as forfeiture OF this charter. Any vacanc,
| occurring on said board shall be filled b.
| the remaining directors for the unexpire
| term. The board OF directors shall, at IL
| first meeting after It's election, nominate
| president, vice-president a secretary treas
| urer, and a general manager. The Office O
| general manager may be combined with tina
/ of president, vice-president or secretary
: treasurer.