The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-11
CHARTER
OF MERCHANTS COOPERATIVE MAN.
UFACTURING ASSOCIATION, INC.
United States of America, State of louisiana
Parish of Orleans, City of New Orleans

OF MERCHANTS COOPERATIVE MAN
UFACTURING ASSOCIATION, INC.
United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans.
BE it known, that on this thirty-frst SlsO
day of the month OF December, in the year of
our Lord thousand nine hundred and
fourteen Q9l4 and of the Independence of
the United States OF America the one hun
bred and thirty ninth O59th), before me, An.
thony !. ROsSi, a notary public, duly COM
mIssIOued and qualified, in and for this city
and the parish of Orleans, therein residing,
and in the presence of the witnesses herein
after named and undersigned, personally
came and appeared: The several persons
whose names hereunto subscribed, who
severally declared that, availing themselves
such cases made and provided, they have
cOvenanted and agreed and do by these
presents covenant and agree and bind them
selves, as well as all such persons as
may hereafter become associated with them, to
form corporation for the objects and pur-
poses and under the articles and stipulations
following towlt:
Article 1.-The name of this corporation
shall be Merchants COOPERATIVE Manufac-
turing Association, Inc" And under its
said corporate name 1t shall have power and
authority to have and enjoy corporate exist,
ence and succession for the full term and Pc
Rod of ninety-nine years from and after the
date hereof; to contract, sue and be sued; TO
make and use a corporate seal, and the same
ceive, lease, purchase and convey, as well as
mortgage and hypothecate property, real, per
sonal and mixed, COrporeal and lncorporeal;
to name and appoint such managers, agents,
directors and officers as its business, inter
ests and convenience may require, and to
make and establish, well alter and
amend, from time TO time, such bylaws,
/ rules and regulations for the proper govern
| ment OF the affairs of said corporation as
| may be necessary and proper.
| Article 1.-The domicile OF said corpora
| ton shall be in the city OF New Orleans,
! State Of Louisiana, and all citations or other
| legal process shall be served upon the Pres
ident OF said corporation, or in the event OF
his absence, upon the Vice President thereof,
and in the absence of both of said officers,
| upon the Secretary Treasurer of said corpo-
/ ration.
Article III.-The objects and purposes for
| which this corporation is organized and es-
tablished and the nature Of the business to be
| carried on by II hereby declared to be:
| To engage IN the sale and manufacture OF
| all kinds and species OF drugs, groceries, to-
| bacco and cigars and all kinds OF raw mate
| rails used i'll the manufacture of such prod
ucts; to buy and sell said and manufac.
| tured products or articles at wholesale and
| retail; to engage in said business in all
| parts of the State of louisiana and else
| where; and generally to do and perform any
| and all things necessary, proper and peril
nent to the objects and purposes OF this cor
| poratiOn.
Article IV.-The capital stock of this corpo-
five thousand dollars (S25,0O000), divided into
and represented by one hundred and twenty
FIVE Q25) shares of preferred stock OF the
par value of one hundred dollars (Sl00) pei
| share, and one hundred and twenty-five OBS
| shares of common stock of the par value OF
one hundred dollars CSlo0 per share; said
preferred stock shall participate IN the prohts
OF the company with preference over the com
mon stock and shall receive, If earned, div
idend of seven per cent and all excess earn
ings if any, shall be applied to and psyablt
on the common stock All OF SAID stock sinai
be paid for in cash or in. such lnstallment:
and at such time dafter such notice TO sub
scribers as the board of directors may FIX, OF
same may be issued at not les sthan par to
labor done or services performed tor salt
corporation or for property or rights actual,
received by said corporation:
Il Twelve thousand seven hundred dollar:
(sl27OO of the capital stock has been subscrib
| ed to the corporation at the time OF passing
this act of incorporation and this corpora
ton will become going concern and shall
be authorized to commence business whei
, and as as twelve thousand hve hundred
dollars (Sl2,500) of its capital stock shall hav
All transfers of the capital stock of thi
| corporation shall be made and entered on tn
. stock book of the corporation and no trans
> fers shall be in any manner binding on TN
| corporation unless so entered.
: No sale of stock of this corporation shall
be valid unless first offered for period o
| ten DAYS to the stockholders, through tn
"
. its book value. Upon the failure of the stock
holders to avail themselves of such purchase
notation of such fact shall be made by tn
ACKNOWLEDGEMENT upon such certificate Q
certificates having been previously tendere
in accordance herewith and thereafter sai
stock may be sold without further RESTRICTION
Succeeding purchasers thereof, shall, howeve
be required to offer the same to the stocE
=, holders for the term and at the value hereir
: above designated before disposing of sam
and all of the stock acquired in this corpo
ration shall be subject to the provisions
v this charter.
!, Article V.-The capital stock Of this col
. poration may be increased to the sum
\ 6fty thousand dollars ($S0,000) by vote {
2 two-thirds of all of the stock, at meetin
called for that purpose.
Article VIAL the corporate powers OF tn
\ corporation shall be vested IN and exc
A cised by board of directors, composed
y not less than three nor more than nv
Z stockholders, which said number of direc
E ors shall be determined upon at the time
v the annual meeting held on the second MOI
h day in February each year and before an eie
n ton for directors shall take place. In II
event that the board of directors shall COZ
= sist of three directors, then and IN tn;
o event. two of said directors shall be elects
s by the common stockholders from among Il