The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-08

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! The president shall be the executive ofhoer
I of the corporation: he shall! preside at all
/ meetings Of the board Of directors and stock
( holders.
! Article III-The objects and purposes for
which tins corporation IS established and sine
! are declared and specified 10 be- 10 clean,
| dive. press. repair, -enCvate. alter and store
! clothing, garments, drape-les, rugs, carpetS'
| curtains window shades. wearing apparel,
! furniture. upholstered goods and other ar
! trcIes. 20 build. construct purchase, MAINTAIN
and operate warehouses. plants, factories,
/ mills workshops. laboratories and dwe..i-g
! as..scs Tor Wo-klrgue- and otherwise,
! export al necessary machinery. engines
! and other appliances ana coCYtnle-cts i9t
[ the Use Dr. connection with cleaning, cyeing,
| pressing. repairing, -t01vatl-E. altering and
! storing q clothing, garments, d-ape-irs, rIGs,
CARPETS. curtains, weaving apparel FURNITURE
! and other articles and generally 20 % all
/ things incidental 10 and everything necessary
| % carry ou; the objects and purposes Tor
/ which This corporation IS organized
! Article IN-Thls corporation may sue and
| be sued IN its corporate name; hold have.
! receive. purchase. convey, sell, mortgage.
/ rypa,nt-atc. pledge. lease and sub--ease, and
! ENJOY real, personal and m'Nea IIofer.y a.sl
borrow and lend money and make contracts ,
receive grants Of land. or personal property
| and make and use corporate seal, the same
! 90 alter and break II pleasure. name and aT-
and agents, as the interest and convenience
q sad corporation may require; make and
establish such bylaws, rules and regulations
for the proper -ua-aE cement and regulation o;
the affairs Of said corporation IS may be
| necessary. and the same 70 alter and change
al pleasure. and shall! possess all the rights.
powers and privileges 20 which corporations
are. ny may be by any general law or laws
Of thls state authorized and entitled 70 pos
stss said corporation may exercise ITS cor
p0rate powers within any other state or ter
rIt1-v IN the United States or foreign coun-
try tina; shall permit the same.
Article N-The capital stock OF this cor
poration Is hereby fixed al the sum Of thirty
thousand & JJ-lp0 100000 dollars. repre-
scented by three hundred 900 shares OF one
hundred dollars each All stock subscribed
for shall be payable IN cash AZ the time the
certificates thereof are ISSUED or the same
may be issued at not less than par Tor prop
ertv actually received by said corporation.
The said corporation shall commence busl-
ness when thirty thousand dollars worth OF
stock shall have been subscribed toT and pad.
All transfers OF stock shall be made on the
books Of said corporation by surrender OF the
certificate thereof 10 the presiding othce-,
who shall write the word cancelled promptly
across the face thereof and erase the pTesi-
dents signature therefrOm before issuing
new CertlrCate.
said capital stock NAV be increased in the
manner provided for by the laws OF this
state. Whenever an increase Of said capital
written notice shall be gwen TO each stock
holder within which time persons holding
stock IN this corporation shall have the hight
TO subscribe for said increase OF stock IN
proportion TO the number OF shares Of stock
held by them, and which additional shares
shall be paid for al such times and IN such
manner, as the board Of directors may direct.
After the expiration OF the said tune for
subscription and payment the board OF direc-
tors may dispose OF the shares not taken, Tor
the benefit Of the company in such manner
as they may think proper at not less than
par value.
Article Wat all elections BY or meetings
Of the stockholders each share Of stock shall
be entitled TO one vote TO be cast either by
the person IN whose name the stock appears
on the books Of this corporation at the time
Of the voting or by his agent or proxy duly
authorized in writing 10 that effect.
Article NII-The business and affairs and
corporate powers OF this corporation shall be
transacted by a board Of not more than FIVE
directors nor less than three directors 10 be
composed Of stockholders thereof and they and
each Of them shall be elected at a meeting 10
be held for that purpose. The stockholders
may, however, elect less than FIVE directors
at any annual meeting and the stockholders
may prior 10 the next annual meeting elect
additional directors up to the maximum num-
Der herein provided for, to-wit: FIVE directors,
but, the directors cannot increase their own
number though they may NIL vacancies as
hereinafter provided:
w A Kennedy, 275l Louisiana avenue.
New Orleans, La; Herbert D. Matthews,
44Z7 Carrollton avenue New Orleans, La
George H. Matthews. i6z7 Cleveland avenue,
New Orleans, La; Adam kerbe-. us State
street, New Orleans, La; Neil II. Murphy,
Jr-, l22o Camp street, New Orleans, La, shall
constitute the first board Of directors and
January, 1916, or until their successors are
elected and qualified, each subsequent board
shall take their seats Immediately following
, their election. or as soon thereafter as prac-
81 I'D SHa all hill fhefr Of7 -heJr
successors shall have been elected and quail
fed. The directors hereinabove named shall
select their own officers.
The officers elected and designated to serve
until the third Tuesday in January, 1916, or
until their successors shall be elected are
as follows, to-wit: W. A. Kennedy, president.
Herbert ID. Matthews, vice-president and
George H. Matthews, secretary and treas
urer.
On the third Tuesday in January, 1916, and
annually thereafter an election for directors
by the stockholders shall be held at the
Office of the corporation, after fifteen QS)
DAYS notice thereof shall have been given in
person or by depositing the same in the post
Office, properly addressed TO the last known
address OF the stakeholder OF said meeting.
Every board of directors shall at its first meet
ing after its election, or as soon thereafter as
practicable, elect from their own number q
president, and first vice-president.
The said board Of directors shall also elect
a secretary and a treasurer, who may com
.
failure 10 elect directors on the date above
specified shall not dissolve the corporation.
but the then existing board Of directors shall
continue in Office and another election shall
be held as soon thereafter as practicable at a
time to be fixed by the board of directors
then in Office, whereof fifteen days prior
notice shall be gwen in the manner herein
above provided, which notice shall be full
and complete notice TO all stockholders of
such meeting.
Any vacancy in said board Of directors from
any cause shall be filled by the remaining
directors. majority of the members of said
board Of directors shall constitute a quorum
for the transaction and management of all
business Of said corporation They may make
such bylaws rules and regulations as they
may think proper for the transaction of the
business and affairs of said corporation, and
change, alter and amend same at pleasure; ap-
point and TX salaries OF all officers, clerks
and employees, the same to change or dis
miss al pleasure, hK salaries for officers pro-
vlded for herein, sell, convey, mortgage
pledge, lease, and purchase property, movable
Immovable and personal; borrow money issue
notes and bonds, lend money, make contracts
and sign and cause TO be signed all neces-
sary acts, deeds, etc, to take judicial pro-
ceedings in the name of and on behalf Of this
corporation, and to do all things which NAV
be necessary TO be done in the management of
said business and may be permitted by laws
applying to corporations and declare divi-
dendS.
Article VIII-No stakeholder shall sell or
dispose OF any of his stock in this corpora
ton until he shall have first offered same TO
the other stockholders Said offer OF sale
shall be made in writing addressed and de-
hvered TO the president Of this corporation
and shall name the lowest price for said stock
which said owner will take. The president