The herald., 1918-09-19
CHARTER OF THE MERCANTILE
STORES INC

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans BE it known, That on this the 5th
day OF September, in the year of our Lord
one thousand nine hundred and eighteen. and
of the Independence of the United States of
America. the one hundred and forty-secOnd.
Before me, Arthur A. Moreno. Notary Pub
lie, in and for the Parish of Orleans State
of Louisiana, duly commissioned and quail
fled and in the presence of the witnesses
hereinafter named and undersigned person.
ally came and appeared the following per
sons whose names are hereunto subscribed,
together with the amounts of their respec-
tive subscriptions to the capital stock of the
corporation to be formed, who severally de
clare that, availing themselves of the pro-
visions of the general laws Of the State of
Louisiana relative to the organization Of
pOratons, they have covenanted and agreed,
and do by these presents covenant and agree,
and bind and obligate themselves, well
as such other persons as may hereafter be-
come associated with them their success
sors to form and constitute themselves into
corporation and body polite in law, and
for the objects and purposes and under the
agreements and stipulations following, to-
wit:
ARTICLE 1.-The name and title of this
corporation shall be The Mercantile Stores,
'Inc., and by that name said corporation
shall have power and authority to have and
enjoy succession for the full term of ninety
nine years from the date hereof; to contract,
sue, and be sued; TO make and use a cor
porate seal; to purchase and receive, lease
hold. sell and convey, as well as mortgage
and hypothecate property, real personal and
mixed; to name and appoint such officers
and agents as the interest of said corpora.
tion may require; and to make and establish
such bylaws and regulations for the proper
management and regulation of its affairs as
may be deemed necessary. and the same
to change and alter at pleasure.
ARTICLE 1.-THE domicile of said cor
poration shall be in the city of New Orleans.
State of Louisiana, and all citation and other
legal process shall be served upon the pres-
dent of said corporation, and in case Of his
absence, upon the vice-president. and. in
case Of the absence of both of these officers,
upon the secretary thereof.
ARTICLE III.-The objects and purposes
| for which this corporation is established. and
| the nature Of the business TO be carried on
| by it to buy and sell furniture, house
| hold goods and other wares and merchandise,
| to establish stores throughout the State, TO
| lend money for the establishment Of such
stores. and to enter into partnerships for the
purpose of conducting mercantile stores.
! ARTICLE IV.-The capital stock OF this cor
poration shall be 100000, divided into 100
| shares of the par value Of $1,000 each, and
| divided into 800 shares of the par value OF
| $1,000 each, and this corporation IS TO be a
| going concern when one-half OF the capital
stock has been issued and subscribed for
4
vote at all general elections. Should the
capital stock of this corporation ever be in
creased over the sum Of 100000 then sucf
| additional shares of stock that may be is
sued shall first be offered to the holders o.
stock at the time Of issuance of said new
stock in the proportion in which the sale
stoc kholders shall at the time Of issuance
hold stock in this corporation.
ARTICLE V.-No stakeholder shall eve
.be held liable or responsible for the ndebt
| edness. faults, or defaults Of this corporation
nor shall any mere informality in the orga
nization Of the corporation have the effec
OF rendering the charter null or Of exposins
the stockholders to any liability beyond th'
unpaid balance, if any, on his stock sub
scription. Should any stakeholder desire 4
sell his stock he shall first offer the same Il
the stockholders of the company through IL
board Of directors, and the stockholders VIII
desire to purchase shall have the right 4
purchase the same, in the proportion to thei
holdings of stock in the company. Should
SAID stockholders in fifteen days after nOtic
having been given. in writing. fail or retus
to purchase the stock offered for sale, sucl
stock may be sold to any one. No transfe
Of stock shall be made or held to be vali
and binding unless made on the books o
the company, and unless made in pursuanc
of the provisions Of this charter.
ARTICLE VI.-This corporation shall hav
all powers granted TO such corporations b
law, and shall have the power 10 contract
J sue and be sued in its corporate name. an
to own, hold. receive. loan, lease. purchase
! sell and convey or mortgage any and a
Of its effects, or to hypothecate its property
and TO do any and all acts and things OF an
! other kind, nature or description, nay B
necessary TO carry out the objects and pu
: poses Of said business its interests an
eopveniences may require.