The herald., 1913-08-07
CHARTER

CHARTER
OF KOTTEMANN FURNITURE COMPANY.
United States OF America, State of LOuisi-
ana, Parish Of Orleans, City Of New Or
leans.
Be it known, that on this fifteenth day
Of the month Of July, in 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 Gensier. Jr.
a notary public duly commissioned and quail
ihed 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
entS covenant and agree, bind. form and
constitute themselves, as well as such other
persons who may hereafter join or become
associated with them, into a corporation and
body polite in law for the objects and pur-
poses and under the agreements and stipula-
tons following, tO-wit:
Article 1.-The name and title of this
corporation shall be The kottemann Fur
nitufe Company" and under that name II
snail have and enjoy all the rights, advan-
tages and privileges granted by law TO cor
pOratiOns; il shall exist for a period of
ninety-nine years from date hereof, unless
sooner dissolved; 1t shall have the power TO
contract, sue and be sued, in its corporate
name; to make and use a corporate seal and
the same to break or alter at pleasure 10
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,
state of Louisiana, and all citations and
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 it 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 IN.-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
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 Ia
purchase same for a period of ten days al
its book value.
No transfer OF stock shall be bindinp
upon this corporation unless made upon lis
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 and
control OF Its affairs shall be exercised by
board OF directors composed Of three OF
more stockholders, majority of whom shall
constitute quorum for the Transaction ot
all business. The directors shall he elected
annually by the stockholders. at a meetino
to be held on the first Monday In July of
each year. Each stakeholder shall be enfi
tied, in person or by proxy, to a vote for
every share owned by him, and all ELECTIONS
shall be held under such rules and reguIa.
lions as may be determined by the board al
directors. The directors thus elected shall
continue In office for one year, and unit
their successors have been elected and oualI
ned. NO failure to elect shall be rega rdef
as forfeiture of this charter. ANY vacancy
occurring on said board shall be filed by
the remaining directors for the unexpirec
term. The board OF directors shall. at rs
nrst meeting after its election, nominate 8
president, vice-president, a secretary-treas
urer, and a general manager The office OF
general manager may be combined with thai
OF president, vice-president or secretary
treasurer.