The herald., 1914-07-23
CHARTER
OF FACTORY TO HOME COOPERATIVE


United States Of America, State of Louisiana
Parish Of Orleans. City of New Orleans
be It known, that on this 9Th day of th
month OF July, IN the year of our Lord on,
thousand nine hundred and fourteen U9l4
before me, Charles Theodore Starkey. a notar,
public, duly commissioned and qualified il
and tor tins city and the parish of Orleai :
therein residing, and in the presence of tn,
witnesses hereinafter named and undersigned
personally came and appeared: the partie.
whose names are hereunto subscribed. all Of
tull age, who declared that, availing them,
selves of the provision of the laws of this
state, relative to corporations, they have GOV.
enanted and agreed, and by these presents
covenant and agree, and bind themselves. as
well as such other persons as may hereafter
become associated with them, to form and con-
| Stitute a corporation and body polite in law.
! for the purposes and objects al d under the
srpulations, articles and conditions follow
| ing to-wit:
Article THE name and title of said cor
poration shall be Factory To Home Cooper
ative Saving Society" and its domicile is
hereby established in the city of New Or
| leans, state of Louisiana; and, under its said
| corporate name, said coropration shall have
power ar d authority to contract, sue and be
sued; to make and use a corporate seal and
the same TO break and alter at pleasure; to
hold, receive, have, purchase, improve, alien
ate, convey, SELL borrow, pledge, mortgage and
hypothecate, under tbs said corporate name,
property, real, personal and mixed; to name
and appoint such officers. directors, agents
and managers or employees as the interest
or conver fence of said corporation may
quire: to make and establish bylaws, rules
and regulation OF its affairs may be deemed
necessary and proper, and the same to change
and alter at pleasure; and to do all other acts
and things permitted by law, or as shall or
may be necessary and proper to carry out the
objects Al purposes of said corporation.
Said corporation, unless sooner dissolved
in accordance with its charter, shall exist and
continue for the period of ninety-nine years
from and after the date hereof
The president, or IN his absence, the vice
president, shall be the proper person upon
whom, citation or other legal process shall be
served.
Article IT-The objects and purposes for
which this corporation is organized, and the
nature Of the business to be carried on by 1t,
are declared 10 be the following, to-wit:
To make contracts, to purchase or otherwise
acquire, own, sell or otherwise dispose OF
trade and deal in dry goods, clothing gro |
ceres, provisions. hardware, fixtures furni- !
turlngs, notions. household goods, and wares
and merchandise of every description: TO &C |
quiTe, own, improve, lease, sell and deal in |
real and personal property. including rights /
privileges and franchises, to own, handle and /
control letters patent and Inventions; to issue |
bonds, notes and other evidences OF irdebt-
edness and to secure payment Of the same by |
mortgage, deed Of trust or otherwise; to act |
As agent, trustee. broker, or in any fduciarv
capacity, and TO borrow and loan money az d |
IN general to do and perform such acts and |
-hings and TO transact such business. not
inconsistent with law, in any part of the
world, as the board of direcotrs may deem
% the advantage OF the corporation.
Article III.-Ihe capital stock of this cor.
'oratIon shall be one hundred thousand
100000 dollars divided into and represent
d by ten thousand 10000 shares of stock
Il the par value OF ten $50 dollars per share.
The stock shall be paid in cash at the time
Il subscription, or the same may be issued at
lot less than par, in payment or exchange
or property or rights actually received or
by said corporation, or the same l,
nay be issued full paid for money advanced. D
nd for such other valuable considerations
r services the board Of directors of said
orporation may determine; provided, that no
took shall be issued until the consideration
heretor has been received by the said cor