The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-15
CHARTER OF PEOPLES CD-UPEE \
TIVE LAT NDRl. INC.

United states of America. State of Lou
i>iaua, Parish of Orleans. city of New
Orleans. lie il known, that on this thir-
rceuth day of the month of April, in the
year of our Lord. one thousand nine hun
drcd and twenty, before me. John
-. Nix. Notary Public. duly com
miSSiOnrd and qualified i'll and for the
Parish of orleans. state of Louisiana.
therein residing. and i'll the presence of
tn" witnesses hereinafter named and un-
dcr>igucd. personally came and appeared
the several persons whose names are here
unto subscribed. who declared that, avail
ing themselves of the laws of thiS state
relative to the organization of corpora
tionS. they have cOVenantpd and agreed
AMI do 10y these presents, covenant. agree.
bind, form and constitute them selves. aS
well as such persons as may hereafter
JOIN or become associated with them, into
corporation and body polite in law. for
agreements and StipulationS following. to
wit:
ARTICLE 1.-The name and title Of this
corporation shall h" Peoples CO-Opera-
tive Laundry. Inc" and under its cor
pOratr name it shall enjoy succession for
the full term of ninety-ninr 800 years
from and after the date hereof, and shall
have power and authority to contract. sue
ana he sued: to accept and receive mort
cages. pledges or other approximations to
make and Use a corporate seal and the
same To break and alter AT pleasure: to
purchase, receive, lease. hold or otherwise
dcqulr" aud convey, is well as mortgage
ana hypothecate. under its corporate
name. property, both real and personal: t.
borrow money and to issue notes and
other obligations or negotiable inStru-
mrntS; to hold stock in other corpOra-
lions: To carry out all of the objects aud
purposes hereinafter set out. TO name and
appoint such managers and directors. off
GERS and agents, as the interest and con
Nenlence Of said corporation may require
and to make and establish, as We'll as alter
and amend at pleasure, such bylaws
fnr th.,
ana regulation of the affairs of the cor
pOratlOn as may Ice necessary. proper or
convenient.
ARTICLE 1.-THE domicile of this cor
poration shall be in the Parish of Orleans
state Of Louisiana. and all citations or
other legal process shall be served upou
any OF the Officers of the corporation.
ARTICLE lII.-The objects and MIR
poses for which this CORPORATION is or
SanlZ"d and the nature Of the business to
he conducted by it. are hereby declared
To De: To carry on at New Orleans H.
the Parish of Orleans. State of Louisiana
and elsewhere, the business of steam
ana general laundry, and to wash. clean
purify, scour.. bleach. wiring, dry. iron.
FOR use all articles of wearing apparel
household, domestic, and other linen. and
cotton and WOODEN goods and clothing
ana fabrics OF all kinds. and to buy, sell
hlre, manufacture. repair. let or hire nj,
yer. improve treat and deal in all ap-
paratus, machines, materials aud articles
OF all kinds, which are capable of being
USED Tor any such purpose
ARIlCLE lN-The amount of the cap
ltal stock of this corporation is hereby
IlAtd at one hundred thousand dollar,
lSlooOooOO. divided into ten thousand
llVcO) shares of the par value of ten
uOliarS SlO.OOl per share. Said stock
Shall be paid for either in cash ar
properly actually received by the corpora.
t III Inc capital stock may be increased
TO Two hundred thousand dollars ls3Oo :
oVo.gUI, when duly authorized by its
sold only as provided by the bylaws.
AKTlCLE N.-All the powers of this
corporation shall be vested i'm and oyer.
cised by Board. composed of not Ies.
IMAM five nor more than nine Directors
RllCLE NI.-The Board, at all times
Shali nave the right to select from the
stockholders any number of DiractorS
not exceeding the maximum limit berein'
ABOVE liked. Said Board of Directors shall
De elected annually at general maetin, :,
OF the stockholders called for that nnre
pose on the fourth Thursday in AnriI nj
each year. after due notice in acrnrda,,,a
with the laws of Louisiana. Each sto"t.