The herald., 1916-09-28

dent to act, then upon the secretary of this
corporation.
The president shall be the executive officer
Of the corporations; he shall preside at all
meetings OF the board OF directors and stock
holders.
Article IIl-The objects and purposes for
which this corporation is established and the
nature of the business 70 be carried on by
il, are declared and specified TO be: to clean,
dye, press, repair, renovate, alter and store
clothing, garments draperies, rugs carpets,
curtains window shades, wearing apparel,
furniture, upholstered goods and other arti.
Giles; to build; construct, purchase, maintain
and operate warehouses, plants, factories,
mills, workshops, laboratories and dwelling
houses for workingmen and otherwise, to
manufacture, buy, sell Import and export all
necessary machinery, engines and other ap-
plances and conveniences for the in
connection with cleaning, dyeing, pressing,
repairing, renovating, altering, and storing OF
clothing, garments draperieS, rugs, carpets,
curtains, wearing apparel, furniture and other
articles and generally TO do all things Incl
dental 10 and everything necessary to carry
out the objects and purposes Cor which this
corporation is organized.
Article IN.-This corporation may sue and
be sued in its corporate name; hold, have,
pothecate, pledge, lease and suitcase, and
enjoy real, personal and mixed property;
also borrow and lend money and make con-
tracts; receive grants of land, or personal
property, ana make ana use corporate scar,
the same to alter and break at pleasure;
name and appoint such managers, directors,
officers, clerks and agents, as the interest
and convenience of said corporation may re-
quire; make and establish such bylaws, rules
and regulations for the proper management
and regulation of the affairs of said corpora
ton as may be necessary, and the same 20
alter and change at pleasure, and shall pos
sesS all the rights, powers and privileges to
which corporations are, or may be by any.
general law or laws of this state authorized
and entitled to possess. Said corporation
may exercise its corporate powers within any
other state or territory in the United States
or foreign country that shall permit the
same.
Article N.-The capital stock Of this cor
pOration is hereby fixed at the sum of six
thousand and OO/lOO C6.OOO.O0 dollars, repre-
Sented by sixty t6O) shares of one hundred
and 0/lO0 $4,000 dollars each. All stock
subscribed for shall be payable in cash at
the time the certificates thereof are issued or
the same may be issued at not less than
par for property actually received by said
corporation. The said corporation shall COM
mence business when six thousand and co. 100
(S6,O0OOl dollars worth of stock shall have
been subscribed for and paid. All transfer
OF stock shall be made on the books of said
corporation by surrender of the certificate
thereof to the presiding officer, who shall
write the word cancelled promptly across
the face thereof and erase the presidents
signature therefrom before issuing a new GER
tihcate.
Said capital stock may be increased in
the manner provided for by the laws of this
state. Whenever an increase of said cap
ital stock shall have been authorized, fifteen
days written notice shall be given to each
stakeholder within which time persons hold
ing stock in this corporation shall have the
! night 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 at such times and
| IN such manner as the board of directors may
direct
| After the expiration of the said time for
subscription and payment the board of di-
rectors may dispose of the shares not taken,
for the benefit of the company in such man.
ner as they, may think proper at not less
than par value.
Article VI.-At all elections by or meet.
ings 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 ap-
pears on the books of this corporation at the
time of the voting by his agent or proxy
duly authorized in writing to that effect.
Article NlI.-The business and affairs and
corporate powers of this corporation shall be
transacted by a board Of three directors 10
be composed of stockholders thereof and
they and each Of them shall be elected at a
meeting 70 be held for that purpose: John
Edward Kennedy, 1929 Iberville street, New
Orleans, La; Oscar Edmond Semel. 3il4
Banks Street, New Orleans, La; Edward
lanes Kennedy, l9 n. Galvez Street, New
Orleans, La, shall constitute the first board
OF directors and shall hold Office until the
third Tuesday in January, 1917, or until their
successors are elected and qualified, each
subsequent board shall take their seats i'm
mediately following their election, or as soon
thereafter as practicable and shall hold their
once until their successors shall have been
elected and qualified. The directors herein.
above named shall select their own officers.
The officers elected and designated to serve
until the third Tuesday in January, 1917,
or until their successors shall be elected are
as follows, to-wit:
John Edward Kennedy, president; Oscar
Edmond Semel, vice-president, and Edward
James Kennedy, secretary and treasurer.
On the third Tuesday in January, 1917, 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 per
son or by depositing the same in the post
ONCE, properly addressed to the last known
address of the stakeholder of said meeting