The herald., 1915-04-08
CHARTER
OF THE SOUTHERN FURNITURE STORE


INC.
United States of America, State OF Louisiana,
Parish of Orleans, City OF New Orleans.
Re II known, that on the first day OF the
month of April, in the year OF our Lord one
thousand nine hundred and htteen and OF the
independence of the United States of Ameri-
ca, the one hundred and thirty ninth, Before
me, Sidney Francis Gautier, 4 notary public,
duly commissioned and qualified IN and for
the Parish and State aforesaid, therein re-
siding and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared, the persons whose
names are hereuntO subscribed, all OF full
age of majority and residents OF this city,
who severaly declared, that avaling them
selves OF the provisions OF the act OF the
Legislature OF this state, being known as
Act 267 OF the Sessions Acts OF 1914, they
do by these presents, covenant and agree
and bind themselves, as well as such other
persons as may become hereafter associated
with them, in order to form and constitute a
corporation or body polite in law, for the
objects and purposes, and under the stipula-
tionS following, to-wIt:
Article THE name and title of this cor
poration shall be The Southern Furniture
Store Inc" and it shall have and enjoy
succession and existence for a period of nifty
years from date hereof. 1t shall have, enjoy
and possess, all the powers, rights, priVi-
leges and immunities accorded to corpora
tions under the laws of this State, and par
ticuarly, under Act 267 of 1914 referred to.
Article 1.-THE domiCile of this corpora
ton shall be in the city of New Orleans,
State of Louisiana, where all citations and
other legal process shall be served upon
the president. and in his absence, upon the
vice president, and in the absence OF the
vice president upon the secretary treasurer.
Article III.-The objects and purposes for
which this corporation Is organized and the
nature of the business to be carried on by
! it, are hereby declared TO be, to engage IN
| the business of house furnishing goods, and
supplies of all kind and character and IN all
of all sort and description, by retail or by
wholesale, and generally to deal IN all man
| ner OF goods, wares and merchandise partI'
| cularly such as used and are OF utility
| in and about a household or business estab-
| lishment and in furtherance of said purposes
| and business, to buy, lease or acquire such
material and property as may be necessary to
| Droperly carry on and conduct said buSut s.
| in all of its branches, and the establishment
/ and maintenance of plants, machinery, stores
| warehouses and otherwise and generally tC
do all things needful and proper pertaining
| or incidental to such business.
| Article IN.-The capital stock OF this cor
| poration is hereby declared to be the sun
| of twenty thousand dollars, divided into two
! hundred shares of the par value OF one hun
bred dollars each, and this corporation shall
| be operative and go into business and become
| a going concern when two hundred shares
of its capital stock shall have been sub
-, scribed and paid for, to-wit:
At the execution of those presents, and IN
| the manner following, to-wit:
| Fifteen hundred dollars, cash paid by Isl
dore Perlberg, being full payment for hfteer
| shares, one hundred dollars, cash, paid b,
] Harry Tiepenbron, being full payment fo
one share. Two hundred dollars, cash
paid BY Eddie HoTOwitz being Snsr.d full
cash, paid by Eddie Tugenhaft, being ful
| payment for two shares. Eighteen thousand
dollars, paid by Charles Tugenhaft, in mer
| chandise and other property and chooses II
action presently transferred surrendered ant
given in payment by him, in full paymen
for eighteen hundred shares. The merchan
disc and property and chooses in action herein
| rafar tn tran
for said eighteen hundred shares, consists
of the entire stock of furniture and othe
goods, wares and merchandise owned by san
Charles Tugenhaft at Number 3H Baronn
street in this city, fully itemized inventories
and consisting of large assortment of ney
household goods and furniture of all kind
and a large number of outstanding open &C
counts due by solvent debtors and fully col
lectable and which in total amounts to tn
sum of ten thousand dollars, which stoc
and open accounts are valued by the sal
| Charles Tugenhaft, as follows .
For the furniture referred to and stock i
trade, including the good will OF SAID bus
ness, the sum of eleven thousand dollars, pre-
dicating said valuation of the price list, an
for the open accounts, the of ten thous
| nd dollars, and said Charles Tugenhaft de
Cares that he does by these presents trans
fei convey, assign and deliver IN tuli owner
sh, and in payment of his eighteen hundre
shar of stock, unto, this corporation, a.
of HI rights, title, interest and OWNERSHIP
in ant to all of said stock in trade, all tui
/
| standing , zen accounts referred to and IN an
| manner for ming part or in any manner cor
| nected with the furniture business now owne
| and operated by him as aforesaid, togetht
with the good will of said business, as g
ing concern. S. id property, accounts, good
wares and merchandise and good will is here
| ] by appraised by the directors named in tn
= | charter, after careful examination and II
spection according to the inventory thereo
hereto annexed and in their possession,
the manner follow tng, to-wit: For the stoc
= of household furniture and other propert
, consisting of goods, wares and merchandise
together with the good will of said bushes
as a going concern at the sum of ten thot
sand dollars, and for the open accounts a
per list in their possession OF the face valu
4 of ten thousand dollars, the sum OF eigf
thousand dollars. This transfer is made
E said Charles Tugenhaft and accepted by sal
{ corporation il full settlement of the amour
4 due by said Charles Tugenhaft stock SUI
r scription as herein set forth, free from a
r debts liens or claims whatever, and VIII
: all legal warranty of title to said proper!
a and business and accounts and good WI
n and with full substitution and surrogate
: in and to I'll the rights and actions of wa
a ranty which he has or may have against a
5 preceding o yners and vendors. :,
Article V.-No transfer of stock shall
r binding upon this corporation unless san
a appears or the books thereof, and no stoc
$ holder shall have the right to assign or tran
|. fer any share or shares held by him unle