The herald., 1915-04-15

| mills. workshops, laboratories and dwelling
| houses for workingnen and otherwise,
export all necessary machinery, engines
| and Other appliances and COnvenlences tor
| the use in connection with cleaning dyeins:
| pressing, repairing, Tcnovatlng. altering ana
| storing OF clothing. garments draPeFes' rugs
| carpets, curtains, wearing apparel, furniture
| and other articles ard generally 10 do all
| things incidental 20 ard everything necessary
| 20 carry out the objects and purposes Tor
| which this COOPERATION IS organized
| Article IN-Ih.s corporation may sue ana
| be sued in its corporate name; mold, nave,
| receive. purchase, eT1vey, sell, mortgage,
| hypothecate. pledge, ease and suitcase, and
! ENJOY real. personal and mixed property; also
| borrow and lend money and make contracts >
| receive grants Of land, o. personal property
| and make and use A corporate seal, the same
| 20 alter and break az pleasure; name ana ap-
| point such managers directors. o-acers, clerks
| ard agents, the interest and convenience
| Of said corporation may require make and
! establish such bylaws, rules and regulations
/ Tor the proper management and regulation o.
! the affairs OF said -g-F0ration as may DC
| necessary. and the same to alter and change
| at pleasure. and shall possess all the rights,
/ POWERS and privileges 20 which coTporatiors
are, " may be BY any general law OF laws
| Of TINS state authorized and entitled 10 pos
| seSs said corporation may exercise It's cor
! pa-a,e powers within any other state or ter
-It3ry II the United States or foreign coun-
trv hat shall permit the same.
Article E-Ihe capital stock OF THIS cor
. rrratIer IS hereby rNe3 at the sum OF thirty
thousand s. 01-luO $4,000 dollars, repre-
serted By three hundred 900 shares OF one
| hundred dollars each. Al stock subscribed
for shall be payable IN cash az the time the
certificates thereof are issued or tire same
NAV be issued at not less than par for prop
erty actually received by said corporation.
The said corporation shall commence blsI.
ness when thirty thousand dollars worth OF
stock shall have been subscribed Tor and paid.
All transfers Of stock shall be made the
books OF said corporation BY surrender Of the
certificate thereof 10 the presiding otlcer,
who shall write the word cancelled promptly
across the face thereof and erase the presi-
dents signature thereirom before issuing a
new certificate.
said capital stock may be increased in the
manner provided Tor by the laws OF this
state Whenever an increase Of said capital
stock shall have been authorized. fifteen days
written notice shall be given 10 each stock
holder within which time persons holding
stock in this corporation shall have the right
to subscribe for said increase Of stock in
proportion 70 the number of shares of stock
held By them, and which additional shares
shall be paid for at such times and IN such
manner, as the board of directors may direct.
After the expiration OF the said time tOr
subscription and payment the board Of direc
| tors may dispose Of the shares not taken, Tor
| the benefit OF the company il 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 vote 70 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 VII-The business and affairs and
| corporate powers Of this corporation shall be
| transacted by a board Of not more than FIVE
! composed Of stockholders thereof and they and
| each OF them shall be elected az meeting to
| be held for that purpose. The stockholders
may, however, elect less than five directors
| al any annual meeting and the stockholders
| may prior TO the next annual meeting elect
additional directors up TO the maximum num-
| Der herein provided for, to-wit: fve directors,
\ but, the directors cannot increase their own
| hereinafter provided:
W. A. Kennedy, 275l Louisiana avenue,
New Orleans, La; Herbert D. Matthews,
AT Carrollton avenue, New Orleans, La. (;
| New Orleans, La; Adam kerber. us State
| street, New Orleans, La; Neil II. Murphy,
| Jr., 100 Camp street, New Orleans, La, shall
| constitute the first board Of directors and
| shall hold Office until the third Tuesday in
| 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 prsc-
| ticable and shall hold their Office until their
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 D. 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 Q)
1 hall hara heA 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, as soon thereafter as
| practicable, elect from their own number a
/ president and first vice-president.
The said board Of directors shall also elect
| secretary and treasurer, who may COM
/ bine the said two Offices in one person. A
/ 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 10 be fixed by the board of directors
/ then in office, whereof fifteen days prior
/ notice shall be given 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 filed by the remaining
| directors A majority of the members of said
I
| 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 al pleasure; ap-
point and FIX salaries of all officers, clerks
J and employees, the same to change or dis
/ miss at pleasure, fx salaries for officers pro-
/ vided for herein, sell, convey, mortgage,
| pledge, lease, and purchase property, movable.
| immoyable and personal; borrow money, issue
/ notes and bonds, lend money, make contracts
I and sign and cause TO be signed all neces-
| sary acts, deeQS, etc, to take judicial pro-
| ceedngs in the name of and on behalf of this
! corporation, and TO do all things which may
| be necessary 10 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-
livered 70 the president Of this corporation
and shall name the lowest price for said stock.
which said owner will take The president
shall acknowledge the receipt of such notice
and shall immediately communicate the CON.
| tents thereof to each stakeholder. After nj.
teen days from the receipt of said written
offer and on failure of said stockholders or
any Of them to purchase said stock, the owner
thereof shall be allowed to sell such stock so
offered to any other person or persons for
not less, however, than said price offered said
| stockholders hereof
Article IX-This act of Incorporation may
be changed, modified or altered, or said cor
poratiou may be dissolved with the assent of
three-fourths of all its outstanding stock al
any general meeting Of the stock holders NJ