The herald., 1916-10-05

eral Assembly OF 1914, they have COvenanteC
and agreed and do by these presents cove
naut and agree and bind themselves as wei
as all such other persons, who may herein
| after become associated with them, to form
a corporation for the objects and purpose:
and under the articles, agreements and Stipu
lations following, to-wit:
Article The name and style of this cor
Poration shall be the "KennedyScm-el Clean
name it shall have power and authority ,C
exist and enjoy succession for the full tern
and period OF nnety-nine years, commencing
on and TO be computed from and after the
date and day hereof
Article 1.-THE domicile of this corpora.
ton shall be in the city Of New Orleans
State OF Louisiana. All citations and other
legal process shall be served upon the presi.
dent OF said corporation, or in case OF his
absence or inability to act, upon the vice
| president, or in case OF the absence or ina.
bility of both the president and vice-presi-
dent to act, then upon the secretary OF this
| corporation.
! The president shall be the executive officer
| Of the corporations; he shall preside AZ 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 10 be carried on by
| il, are declared and specihed 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.
! cleS; to build; construct, purchase, maintain
| and operate warehouses;, plants, factories
| mills, workshops, laboratories and dwelling
houses for woTkingmen and otherwise, to
| manufacture, buy, sell Import and export all
necessary machinery, engines and other ap-
| plIarCeS and ConvenienCeS for the use in
connection with cleaning, dycing, 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 to and everything necessary to carry
out the objects and purposes for which this
corporation is organized.
Article lE.-This corporation may sue and
De 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, and make and use a corporate seal,
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 NAV 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 TO
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 It's corporate powers within any
other state OF territory in the United States
or foreign country that shall permit the
same.
Article V.-The capital stock of this cor
poratiOn is hereby fixed at the sum OF six
thousand and 0O/lO0 100000 dollars, repre-.
sented by sixty (6OD shares of one hundred
and OO/l0 Sl0OOO 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 90 100
(So,OOOOO) 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 president
signature therefrom before issuing a new Ger.
tihcate.
said capital stock may be increased in
the manner provided Tor by the laws Of this
state. Whenever an increase of said cap
ltal 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 |
right 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, |
Tor the benefit OF the company in such man
ner as they, may think proper at not less
than par value
Article NI.-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 or by his agent or proxy
duly authorized IN writing 10 that effect
Article Nll.-The business and affairs and
corporate powers OF this corporation shall be
by board of three directors TO
be composed OF stockholders thereof and
they and each OF them shall be elected az a
meeting TO be held for that purpose: John
Edward Kennedy, 800 Iberville street, New
Banks Street, New Orleans, La; Edward
lames Kennedy, l23 ~ Galvez Street, New
Orleans, La, shall constitute the first board
II directors and shall hold Office until the
successors are elected and qualified, each
subsequent board shall take their seats i'm.
nediately following their election, or as soon
hereafter as practicable and shall hold their
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,
Is follows. to-wit:
John Edward Kennedy, president; Oscar
Edmond Semel, vice-president, and Edward
ameS Kennedy, secretary and treasurer
On the third Tuesday in January, 1917, and
annually thereafter an election for directors,
y the stockholders shall be held. at the office
# the corporation, after fifteen QS days
lotice thereof shall have been given in per.
on or by depositing the same in the post
ihce, properly addressed to the last known
ddress OF the stakeholder of said meeting.
very board of directors shall at its first
Meeting after its election, or as soon there.
fter as practicable, elect from their own
lumber president, and a first vice.presi.
ent Z
The said board of directors shall also elect =
. secretary and a treasurer, who NAV com. | {
me the said two offices in one person, A !
allure to elect directors on the date above
peclhed shall not dissolve the corporation. |
ut the then existing board of directors shall
ontlnue IN office and another election shall {
e held as soon thereafter as practicable al 4
time to be fixed by the board of directors d
men IN othce, whereof fifteen DAYS prior no. +
ice snail be given in the manner hereinaboye | I
Tovided, which notice shall be full and com.
lete notice to all stockholders Of such meet.
1g. ''eS' {
Any vacancy in said board of directors from :
ny cause shall be filled by the remaining
irectors. majority of the members of said
oard OF directors shall constitute a quorum
'r the transaction and management of ali
nSlness OF said corporation. They NAV make
lch bylaws, rules and regulations as they
ay think proper for the transaction of the |
lslness and affairs of said corporation. and {
lange, alter and amend same at pleasure. )
L.