The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-13
Ch.RTER
OF THE SOUTHERN FURNITURE STORE

United States Of America, State Of Louisiana,
Parish Of Orleans, City Of New Orleans:
BE it 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 Amerl-
ca, the one hundred and thirty ninth, Before
me, Sidney Francis Gautier, a 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 tull
age of majority and residents of this city,
who severdlly declared, that ayalllng them
selves of the provisions OF the act OF the
Legislature of this state, being known as
Act 267 of the Sessions Acts OF 1914, they
do by these presents, covenant and agree
and bind themselves as well as such otheT
persons may become hereafter associated
with them, in order to form and constitute a
corporation or body polite in law, for the
objects and purposes, and under the supula-
lions 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 fifty
years from date hereof. Ii shall have, enjoy
and possess, all the powers, rights, privi-
leges and lmmunItles accorded to corpora
tions under the laws Of this State, and par
ticulary, under Act Dol of 1914 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
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 for
which this corporation is organized and the
nature of the business to be carried on by
IT, 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 used and are OF utility
in and about household or business estab-
lishment, and in furtherance OF said purposes
and business, to buy, lease acquire such
material and property 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 lN.-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
of it's capital stock shall have been sub
scrbed 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
Harry TiepenbTon, being full payment for
Snd bg Eddie be GHa full Is
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-
chandse and other property and chooses in
action presently transferred surrendered and
given in payment by him, in full payment
for eighteen hundred shares. The meIchan-
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 SH Baronne
| street in this city, fully itemized inventoried
and consisting of large assortment OF new
household goods and furniture of all kinds
and a large number of outstanding open &C
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, as follows:
For the furniture referred to and stock in
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
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 a GO
ing concern. Said property, accounts, goods
wares and merchandise and good will is here
| by appraised by the directors named in this
| charter, after careful examination and in.
| spection according to the inventory thereof
hereto annexed and in their possession, IN
the manner following. to-wit: For the stock
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
| sand dollars, and for the open accounts as
per list in their possession of the face value
of ten thousand dollars, the. sum OF eight
said Charles Tugenhaft and accepted by said
corporation in full settlement of the amount
| scription as herein set forth, free from al
debts, liens or claims whatever, and with