The herald., 1915-01-28
CHAR
OF MERCHANTS COOPERATIVE MAN.
UFACTURING ASSOCIATION, INC
United States Of America, State OF Louisiana,
ParIsh Of Orlcars. City ot New Orlcans


United States Of America. State Of Louisiana,
Parish Of Orleans, City OF New Orleans.
Re It known, that on this thirty-frst (3Isu
day Of the month OF December, in the year Of
our Lord one thousand nine hundred and
fourteen (lglil and Of the Independence OF
the United States OF America the one hun
dred and thirty ninth Q5ythD, before me, An.
thony j. RossI, a notary public, duly COM
mlssIoned 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 are hereunto subscribed, who
scvcrally declared that, avaIliug themselves
OF the laws Of the State Of Louisiana m
such cases made and provided, they have
covenanted and agreed and do by these
presents covenant and agree and bind them
selves, IS well all such persons as
may hereafter become associated with them, to
form a corporation for the objects and pur-
poses and under the articles and stipulations
Article The name OF this corporation
shall be Merchants Cooperative Mauufac-
turing Association, Inc And under its
SAID corporate name II shall have power and
authority to have and enjoy corporate exist
enCe and succession for the full term and pc
Rod OF ninety-une years from and after the
date hereof; TO contract, sue and be sued; 10
make and use a corporate seal, and the same
to alter and break at pleasure; to hold,
CeIve, lease, purchase and convey, as well as
mortgage and hypothecate property, real, per
Sondl and mixed, corporal and IncOrporeal;
to name and appoint such managers, agents,
directors and officers as ITS business, inter
eSts and convenience may require, and TO
| make and establish, we'll alter and
amend, from time TO time, such bylaws,
! rules and regulations for the proper govern
mcnt OF the affairs OF said corporation -
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 other
| legal process shall be served upon the Pres
idcnt OF said corporation, in the event OF
| his absence, upon the NicePTesident 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 thls corporation Is organized and es-
| tablshed and the nature OF the business to be
carried on by 1t are 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 mate
| rIals used in the manufacture Of such prod
uCtS; to buy and sell said raw and manufac-
tuTcd 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 perth
! nent to the objects and purposes OF this cor
| pOratIon.
Article IV.-Thc capital stock of this corpo-
| raion is hreby fixed at the sum of twenty
| hve thousand dollars (S25,OOO.OO), divided into
| and represented by one hundred ana twenty
| five Q25 shares OF preferred stock of the
| par value OF one hundred dollars (SlOO) per
| share. and one hundred and twenty-five Q25l
| shares of common stock OF the par value OF
| one hundred dollars (Sl00) per share; said
| preferred stock shall participate in the profits
| of the company with preference over the COM
| mon stock and shall receive, II earned, div
| idend of seven per cent and all excess earn
| ings if any, shall be applied TO and payable
| on the common stock. All OF said stock shall
| be paid for in cash or in such install nents
| and at such time dafter such notice TO sub
| scribers as the board OF directors may INK, or
| labor done or services performed tor SAID
corporation or for property or rights actually
| received by said corporation.
1 Twelve thousand seven hundred dollars
($l2 ZOO of the capital stock has been subscrib'
ed to the corporation at the time OF passing
this act of incorporation and this corpoT a.
tiOn will become going concern and shall
| be authorized 10 commence business when
and as soon as twelve thousand hve hundred
dollars 1872, 500 of its capital stock shall have
| been paid for.
All transfers of the capital stock Of thi:
corporation shall be made and entered on the
| stock book of the corporation and no trans
fers shall be in any manner binding on TIN:
corporation unless SO entered.
No sale of stock of this corporation shall
be valid unless first offered for a period o.
ten days to the stockholders, through thu
board of directors, at price not to exceed
its book value. Upon the failure OF the stock
notation of such fact shall be made by the
| secretary treasurer upon such certlhcate o.
certificates having been previously tendereC
in accordance herewith and thereafter saiC
stock may be sold without further restriction
Succeeding purchasers thereof, shall, however
| be required to offer the same to the stock
= holders for the term and at the value herein
above designated before disposing. OF SAM
and all of the stock acquired in this. corpo
ration shall be subject to the provisions
, | this charter.
Article V.-The capital stock of this cor
poration may be increased to the sum o
, fifty thousand dollars (s50,OO0) by vote o
/, two-thirds of all of the stock, at meeting
called for that purpose.
Article VI.-All the corporate powers OF thu
| corporation shall be vested in and exer
cised by a board of directors, composed o
|, | not less than three nor more than nv
stockholders, which said number of direct
, ors shall be determined upon. at the time o
, the annual meeting held on the second Mon
day in February each year and before an cleo
i ton for directors shall take place. In tn
event that the board of directors shall con
: sist of three directors, then and IN tina
, event. two of said directors shall be electe
s | bv the common stockholders from among tn