The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-27

CHARTER
OF FACTORY To HOME COOPERATIVE
SAVING SOCIETY"


OF FACTORY To HOME co. OPERATIVE
SAVING SOCIETY,""
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. ii 80. nj L,rI themselves rs
soET""It .IH - ana g''.. ,, r,-r,,.-
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- The -7~-e and nile Of sand ra--
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80 ,,-fr..I.l ~ tr, riry OF Nrgv Or
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,...,..,, ,,-,rc .srI ,G-orrarr0r Shall have
49, ~, 4 .rfNorifv fn contract sue and be
~ '.,,-. 10 Ir,.L and alter NJ pleasure: TO
lid receive have. purchase. improve, alien
49,, r,,,,,., sell borrow. pledge. mortgage and
l.'..l...,. ,,-E.r -,s said loru0~atr name.
.lt.r,,, -a,1 r..rs,rsl and mixed: 10 name
,r',o,rr srlrb ,ficers. directors, agents
All tt,..- ,r e,lroINy,cs as the interest
or romyrI fence Of said corporation may re-
~. IN make and establish bylaws, rules
VI - -. Er The rroDcr MANAGEMENT
',,I -sg,7,i9t,,r 7f rs affairs a. may be deemed
,,.., mi nrorcr and the same 10 change
@ 49, - ,rt,sI,Te. and To do all other acts
a,,J ,Li~es ncr~.Ittcd bv law, or as shall or
- L ,-..ci..,-,. .,rd r,on,r tn carry ont the
'i,,,.,,s -, 4 n,,rGosc, Of said corporation.
SII C,rror,tion unless sooner dissolved
r.,,Iin,,r for the reriod of nirctv.ninc years,
fr,,r md af,rr the datc hereof
The rrrsidert. or in his absence, the vice
~ Ill Ia Tho ,-ore- nerso- -lp,i.
I'm -,.,,,'~ or nthcr legal process shall he
s,.-,cJ
AL II The objects and purposes for
which this corporation is organized, and the
rr,fr,r, Of The business 70 he carried on BY II,
la. ..,,-eT ~ he ,re f,IIowirF. to-yyit.
To r1,Ec contracts to purchase or otherwise
srorirc. own. sell or otherwise dispose of
frsde and deal IN dry goods. clothing. gro
..-,.- divisions harIyya-e fixtures flrul-
,,,r;-gs ,,,ti,rs bors,hoId goods and wares
~ Sr,bordise Of eyer- description; TO ac-
-. n,," ;,rnrovc Irssc. sell and deal in
Ic,I s,d rarsoral pronerfv. including rights
r-iviIrgr. and franchises 10 own. handle and
ro-tr,l letters nafcnt and Inventions: to issue
L.rJ. notes and other evidences Of indclt-
cdrc.s AND IN secure raymeut Of the same bv
mortgage. deed of trust or otherwise; to act
as asg,,'' ,nJ ~ bor~"yy and loan MONEY a.
IN e.,.rai IN do and pcrforrn such acts and
tbings and TO transact such business. not
rId ,be La,rd ~ d;-ccGtrs NAV deem
70 the advantage OF the corporation.
ArticIe III The capital stock OF this cor
norafior shall he one hundred thousand
psIanU1 all d;r;jeI ;rto ard rer-,scrr-
Ell Ly zen thousand 1OOnO shares of stock
of the par value OF ten $50 dollars per share.
The Stock shall be paid in cash at the time
,f s,,bsr-intio1 or the same NAV be issued at
aNrLar,ra
for n-onerty or rights actually received or
rrrrLssrd Nv s,id corporation. or the same
NAV he issued, tull paid, for morey advanced,
and Tor such other valuable considerations
services as f pqaII u nInydcd that no
stort Shall he issued until The consideration
/ ,berafo- has been received by the said cor
. rar.ti,,,
I Az storLhoIder NAV sell assign or trans
/ ;.- ~ .,orL IN This co-Doratio- proylded
/ thirty 800 davs' prior notice of such intention
/ ~ scII assign or transfer the same he given
/ H.. ,,,,',,rI,, and N. other Stockholders
-, bbaif' b,ye The tirst privileges of pur.
chasing sane after which thirty DAYS notice
the said stock may be sold in open market.
I The stock Of said CORPORATION NAV be trans
/ farreJ under the above conditions; provided
,ucb transfer thereof be made on the books
of sad company. at its Office and on sur
/ rrrdrr Of the certificate threfor No transfer
~ INV fractional mart Of a share shall be
made
This ,orporation shall commence doing bus,
mess as soon as three thousand 5000 dol
|iars of the capital stock shall have been sub
srrihcd for
/ The board If directors shall have the right
o., de,err5ire how much stock shall he issued
| AIirIc II The corporate powers of this
oo-r,,5,,,. shall he vested in and exercised by
\ hoard of directors of not less than three g
,,eyDbc+s cnnsistirg Of the president, vice
/ D-os;dart secretary and treasurer. Two OF
Said hoard shall constitute a quorum for the
transaction Of business, and their decisions
| sbail he valid corporate acts.
/ The following persons snail GohStltulS ny
hrst board OF directors: DAVID aliaSe u oou
rich, president; Gustave Harold M MeSi.
vice pres dent; and Bertha Bessie ieho'o"
| secretary-treasurer. L.,
During the absetc oil ihe PSslu'"' ~"
vice president shall act ana PlesdIue' -: A.
Said board shall continue IN office until tl'
first Monday in July, 1918, on whiGn date
and thereafter annually, a board oil aireG'T ~
shall be elected, unless the same shquid W
holiday; when the eleC tfoh Si"'i " ~
the next legal day thereafter, : .;,. o,r,