The herald. [volume] (New Orleans, La.) 1905-1953, 1913-08-14
CHARTER

CHARTER
OF KOTTEMANN FURNITURE COMPANY.
United States OF America, State or Loulsl-
ana, Parish of Orleans, city OF New Or
leans.
Be il 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 ana
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 VINO
declared that, availing themselves or 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 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
niture Company" and under that name 1t
shall have and enjoy all the rights, advan-
tages and privileges granted by law to cor
pOrations II shall exist for period OF
ninety-nine years from date hereof, unless
sooner dissolved; it shall have the power 10
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
ton 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
Article III.-The objects and purposes for
which this corporation Is established anG
| the nature OF the business to be carried or
| by it are hereby declared to be to buy ant
| sell, at wholesale or retail, furniture anC
hOusefurniShing goods of every kind, natur,
| and description whatsoever: and generally K
! taking or enterprise connected with CROWN:
| out of, germane or incidental to any of thu
purposes and objects hereinabove set fOrtl
| or contemplated by this charter; and 4
carry on and conduct its business in tn
state OF louisiana or any other state IL
the United States, or elsewhere.
Article IY-The capital stock OF thi
| corporation Is fixed at the sum Of tire
thousand dollars ($3,000), divided into thirt
shares OF the par value Of one hundred dol
lars each, payable in cash, or for labor don
or property actually received.
Any stakeholder desiring to sell, assg
i or transfer his stock In this corporation
must first offer said stock to this corpora
tion, which shall have the exclusive right {
purchase same for period of ten days a
its book value.
No transfer Of stock shall be bindin
upon this corporation unless made upon Ii
books, and all certificates of stock shall b
signed by such officers as may be designate
by the board Of directors.
Article V.-All the corporate powers q
this corporation and the management an
control of its affairs shall be exercised
a board OF directors composed of three {
. more stockholders, majority of whom sha
constitute a quorum for the transaction
all business. The directors shall be electe
annually by the stockholders, at a meetin
to be held on the first Monday In July
each year. Each stakeholder shall be ent
tied, in person or by proxy, to a vote II
every share owned by him, and all election
, shall be held under such rules and regu
tons as may be determined by the board ,
directors. The directors thus elected sha
: continue In office for one year, and unit
their successors have been elected and qua
fed. No failure to elect shall be regard.
Z as forfeiture of this charter. Any vacant
: occurring on said board shall be filed
e the remaining directors for the unexpir
: term. The board OF directors shall, at
: first meeting after its election, nominate
Z president, vice-president, a secretary-trea
J. urer, and a general manager. The Office
Y general manager may be combined with tn
/ Of president, vice-president or secretal
treasurer.