The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-08
CHARTER OF PEOPLES COOPER \
TIVE LAT \DRl. NC.

United states of America state Of Lon
i~iaua. Parish OF Orleans. city of New
orleans. Re it known. that on tins thir-
trruth day ot the month of April. ia I'd"
year of our Lord. one thousand nine hun
drrd aud twenty. before me. John
u. Mn. u Notary Public. duly com
miS~iourd and qualified III and for the
Parish OF Orleans. State of Louisiana.
therein residing. and IN tn" presence al
TIA" witnesses hereinafter named ana I'M
drr>i gucd personally came aud appeared.
the several persons whose names are here
unto subscribed. who declared. that, avail.
ing themselves of the laws of tdi> state
relative 10 the organization Of r"rp"-l-
tiunN they have COVeuanted aud agreed,
and do by these presents covenant. agree.
bind. form and constitute" themselves. ~
well aS such persons ~ may hereafter
join or become associated with them. INTO
Il corporation and body polite III law, for
/ the objects and purposes and under the
agreements aud StipulatlonS following. To-
/ Wit:
ARTICLE 1.-The name and title of this
| corporation shall hr Peoples CO-Opera-
! tive Laundry, Inc" and under it, cor
/ pOrate name il shall enjoy succession for
/ the full term of ninety whine (99D years
1 from and after the date hereof and shall
/ have power and authority to contract. sue
and Lee sued to accept and receive mort
/ cages. pledges or other hEpOtheCatiOnS. to
I make ana use Il corporate seal ana the
/ same to break and alter at pleasure: to
purchase. receive, lease. hold or Othcrwi>"
. acquir" and convey, a. well a. mortgage"
]
! name. property. both real and personal. to
! borrow money and To issue notes and
I other obligations or negotiable in>tru-
meut<: TO hold stock in other CORPORA
| tiuu>, 10 carry out all of the objects and
! purposes hereinafter set out; TO name and
/ appoint such managers and directors. Off
GERS and agents. a. the interest aud con
Ncnlence OF said corporation may Require
and To make and establish. aS well as alter
and amend ut pleasure. such bylaws.
rules and regulations for the anagemcnt
and regulation of the affairs of the cor
pOration rs may he necessary, proper OF
| convenient.
ARTICLE 1.-THE domicile of this cor.
poration shall be in the Parish of Orleans.
stat" of Louisiana. and all citations or
other legal process shall Ice served upon
any of the officers of the corporation
ARTICLE IIl.-Thc objects and pur
poses for which this corporation i or
guniZcd. and the nature of the business To
be conducted by it. are hereby declared
10 be: To carry on at New Orleans. H.
III" Parish of Orleans. State of Louisiana
and elsewhere. the business of steam
ana general laundry, and to wash. clean.
tpurity, sCOur. bleach. wiring. dry. iron,
color. dye. disintect, rcnoVate and prepare
Tor use all articles of. wearing apparel
household. domestic. and other linen, and
cotton and WOODEN goods and clothing
and fabrics of all kinds. and to buy sell
hire. manufacture. repair let or hire al
ter. improve treat and deal in all ap.
paratuS. machines materials and articles
Of all kinds, which are capable of bpin.
used for any such purpose.
ARTICLE IN.-The amount of the can.
ital stock of this corporation is hereby
! ! fixed at one hundred thousand dollar,
" tHlooOOoOoi, divided into ten Thousand
p 100000 shares of the par value of ten
P dollars $4,000 per share. Said StOrE
p shall he paid for either in cash OF
property actually received by the corpora
. non. The capital stock may he increa 81,
( 10 Two hundred thousand dollars $500
: OOOOo). when duly authorized by il,
p stockholders. The capital stock can b,
sold only as provided by the bylaws
! ARTICLE N.-Ml the powers of fhi
corporation shall he vested in and eNer
. ciSed by Board. composed of not les
, than i've nor more than nine Directors
ARTICLE NI.-Thc board at all times
4 shall have the right to select from m
{ stockholders any number of Directors
not exceeding the maximum limit herein
above fixed. Said Board of Directors shall
: DE elected annually at general meeting
g ot III" stockholders called for that pur
; pose on the fourth Thursday in April @
: each year. after due notice, in accordar,c
r with the laws of Louisiana Each stock