The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-06
CHARTER
OF THE SOUTHERN FURNITURE STORE

United States of America, State of Louisiana,
Parish OF Orleans, City OF New Orleans.
Be II known, that the first day OF the
month of April, in the year of our Lord one
thousand nine hundred and fifteen and of the
independence of the United States of Ameri-
ca, the one hundred and thirty ninth, Before
me, Sidney Francis Gautier, 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 and appeared the persons whose
names hereuuto subscribed, all OF tull
age of majority and residents OF this city,
who severally declared, that availing them
selves Of the provisions OF the act OF the
Legislature OF this state, being known as
Act POI OF the Sessions Acts OF 1914, they
do by these presents, covenant and agree
and bind themselves, as well such other
persons may become hereafter associated
with them, in order to form and constitute,
corporation body polite in law, for the
objects and purposes, and under the stpua-
tIons following, to-wIt:
Article 1.-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 fifty
years from date hereof 1t shall have, enjoy
leges and immunites accorded to corpora
tons under the laws of this State, and par
tcularIy, under Act 267 of 1919 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 IlI.-The objects and purposes for
which this corporation is organized and the
1t, 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 its branches, to buy and sell furniture
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 are used and of utility
in and about household or business estab-
| lshment, and in furtherance OF said purposes
and business, TO buy, lease or acquire such
material and property as may be necessary to
| properly carry on and conduct said business
| in all of its branches, and the establishment
| and maintenance of plants, machinery, stores,
warehouses and otherwise. and generally to
I do all things needful and proper pertaining
or incidental 10 such business.
Article IV.-The capital stock of this cor
poration is hereby. declared to be the sum
| 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 W hen 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 fifteen
shares, one hundred dollars, cash, paid by
one one. share Two hundred dollars. cash,
paid by Eddie Horowitz, being full pay
ment for two shares Two hundred dollars,
cash, paid by Eddie Tusenhsit, being full
| dollars paid by Charles Tugenhaft, in mer-
| chandise and other property and chooses IN
| action presently transferred surrendered and
given in payment by him, in full payment
/ for eighteen hundred shares. The merchan-
| disc and property and chooses in action herein
referred to transferred and given in payment
| for said eighteen hundred shares, consists
of the entire stock of furniture and other
| goods wares and merchandise owned by said
Charles Tugenhaft at Number 37 Baronne
| street in this city, fully itemized inventoried
and consisting of large assortment OF new
household goods and furniture of all kinds
and large number of outstanding open ac-
counts due by solvent debtors and fully col
lectable and which in total amounts to the
sum of ten thousand doll lars, which stock
and open accounts valued by the said
Charles Tugenhaft. as follows: 49,, ., :,
trade, including the good will of said busi-
ness, the sum of eleven thousand dollars, pre-;
dicating said valuation of the price list, and
for the open accounts, the sum of ten thous-
and dollars, and said Charles Tugenhaft de-
clares that he does by these presents trans
fer, convey, assign and deliver in full owner.
ship and in payment of his eighteen hundred
shares of stock, unto this corporation, all
of his rights, title, interest and ownership
in and to all of said stock in trade, all fur
niture, goods, wares and merchandise and out
standing open accounts referred to and in any
manner forming part or in any manner con,
nected with the furniture business now owned
: and operated by him as aforesaid, together
, with the good will of said business, as 60
ing concern. Said property, accounts, goods
wares and merchandise and good will is here
by appraised by the directors named in thi:
charter, after careful examination and in
t spection according to the inventory thereof
| hereto annexed and in their possession, II
| The manner following to-wit For the stool
: of household furniture and other propert,
, consisting of goods, wares and merchandise
together with the good will of said business
as a going concern at the sum of ten thou
r sand dollars, and for the open accounts a
a per list in their possession of the face valu
\ of ten thousand dollars, the sum OF eigh
| thousand dollars. This transfer is made b
said Charles Tugenhaft and accepted by sal
{ corporation in full settlement of the amour
i due by said Charles Tugenhaft on stock sui
r | scription as herein set forth, free from a.
r | debts, liens or claims whatever, and wit