The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-15

he shall have first offered same. in writing
to the board Of directors, which viii have the
right to purchase same within ten davS
thereafter, at the valuation determined by
the board and the party in interest; provided,
that in case of dissatisfaction as to the price,
that issue, shall be arbitrated in the manner
provided by law IN matters OF amlcable COM
Founders, and their decision shall be final.
All shares OF stock so acquired by the cor
poratlon may be re-issued at not less than
par value.
may be amended by the vote OF two-thlrds
Of all its stock al a meeting OF the stock
holders, duly called for the, purpose; the
capital stock may be increased or decreased,
by the vote Of three-fourths Of all its stock,
at a meeting of the stockholders duly called
for that purpose Each share Of stock shall
be entitled TO one vote, which vote may be
cast by the stakeholder or by his agent or
proxy, which proxy or agency may be evI-
dcnced by letter or other written docu-
mcnt
Article NII.-The corporate powers OF this
corporation shall be vested in board OF d.
rectors to be composed OF not less than three
nor more than hye directors, to be elected
by the stockholders at a general meeting to
year No stakeholder OF this corporation shall
be eligible as a director, unless he owns IN
his own name full paid and unpledgcd, al
least one share OF the capital stock OF tins
corporation.
Article VIII.-The board of directors shall
have power to make all bylaws, rules and
regulations necessary Tor the conduct OF the
business affairs OF said corporation; shall
elect from their number a president, d wee
president and secretary treasurer.
Article lN.-lhe said corporation shall have
power to sue and be sued in its corporate
name, to make and a common seal, and
alter same at pleasure, TO acquire property,
real and personal, by grant, gilt, purchase, and
to devise or bequedth, to lease, hold Or DIS
pose of and to mortgage and pledge the same
and TO appoint such officers and agents as
the business OF the corporation may require
and to fix their compensation, TO make by
laws, fixing or altering the management OF ITS
property, the regulations and management OF
its affairs and the manner OF the certlh-
cation and registration of its stock, to con.
duct business in tins State, other States, the
Federal Districts, the territories and posses
sOns Of the United States and in foreign
countries, and to do and perform all manner
OF contracts and transact all manner of busI-
ness which may be connected with, incidental
or germane, to the purpose for which this cor
pCration Is organized.
Article N.-Until the election TO be held as
hereinabOve provided, the following shall con
stItute the first board of directors, who shall
hold office until their successors shall have
been elected and duly qualified.
Name and address: Eddie HorOwitz, l6lS
Caliope street, n. O. La; Charles Tugen-
haft. 9O7 Poydras street, y. o., La; Harry
Tiefenbron, sos Main street, Baton Rouge,
La; Eddie Tugenhaft $50 5. Alexander street,
street, n. o., La; with Eddie Horowitz, as
| president; Charles Tugenhaft, vice presl'
| dent, and Harry lletenbron, as secretary
treasurer.
Thus done and passed at my notarial Office
in the city of New Orleans, on the date OF
! the month and year herein first above writ
! ten, in the presence of Messieurs h. v
! Richard and John Betz, competent witnesses
| who have hereunto subscribed their names
with the said appearers, and me, notary
public, after reading of the whole. Original
! signed Eddie Horowitz shares; Chas
| Tugenhaft, $50 shares; Harry l. Tietenbron
| ! share; Isidore Perlberg, IS shares; Eddie
! Tugenhaft, shares. Witnesses: n V. Rich
/ I'd, John Betz. Sidney +. Gautier. Not. Pub
! !, the undersigned. Recorder of Mort
| cages, in and for the parish of Orleans
| State of Louisiana, do hereby certity
that the above and foregoing Act OF
| Incorporation, of the Southern Furnit
ure Store Inc, was this day duly record
| ed in my office. in Book 1857, Folio 13i
| New Orleans, April 5th, 1918. (SiSned
! Emile J. Leonard. Dy. 4.
A true copy. Sidney F. Gautier, Not. Pub.
| Apr. S-l5-22-29 May 6-l3.