The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-15
CHARTER
OF THE SOUTHERN FURNITURE STORE


United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans:
Be II known, that on 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 came and appeared, the persons whose
names are hereunto subscribed, all of full
age of majority and residents of this CITY,
who severally 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 1919, they
do by these presents, covenant and agree
and bind themselves, well such other
persons as may become hereafter associated
with them, in order to form and constitute
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 immunites accorded to corpora
tions under the laws of this State, and par
tcularly, under Act 267 of 1914 referred TO.
Article 1.-THE domicile of this corpora
ton shall be in the city OF New Orleans;
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 tor
which this corporation is organized and the
nature of the business TO be carried on by
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-
Culary such are 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
| 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
/ do all things needful and proper pertaining
| or incidental to 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.
| dred 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 Perberg, being full payment for fifteen
| shares, one hundred dollars, cash, paid by
Harry Tiepenbron, being full payment for
one, share. Two hundred dollars, cash.
| ment for two shares. Two hundred dollars,
| cash, paid by Eddie Tugenhaft, being full
payment for two shares. Eighteen thousand
| 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 hem me bsin
| 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 3l7 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 dollars, which stock
and open accounts are valued by the said
Charles Tugenhaft, follows:
For the furniture referred to and stock IT
trade, including, the good VIII OF SAD ousi
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, al
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 OF III dHy iudHhCi Noh
| nected with the furniture business now owned
and operated by him as aforesaid, togethe
with the good will of said business, as go
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 ard in
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 property
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
4 per list in their possession of the face valu
\ of ten thousand dollars, the sum of eigh
| thousand dollars. This transfer is made b
e said Charles Tugenhaft and accepted by sal
{ corporation in full settlement of the amour
4 due by said Charles Tugenhaft on stock sub
r scription as herein set forth, free from al
r debts, liens or claims whatever, and wit
: all legal warranty of title to said propert
d and business and accounts and good vii
n and with full substitution and subrogatio
: in and to all the rights and actions OF wal
d ranty which he has may have against a.
s preceding owners and vendors.
Article V-No transfer of stock shall
n binding upon this corporation unless sam
a appears on the books thereof, and no stocl
s holder shall have the right to assign or trans
I fer any share or shares held by him unles