The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29

Parish of Orleans
HERMAN l.. BARNETT.
Notary Public.
LAY 80 June =.
CHARTER OF HOUSEWIVES COOPER
ATINE STORES, INC.
State of Louisiana. Parish OF Orleans,
civ of New orleans. Know all men. ny
these presents that on thus twenty third
Tay of rhc month of April. IN the year
one thousand nine hundred and twenty.
before me. Mark Mayo R"atnrr. NoiarE
Public. duly commissioned and pu'li!lrd
In and for the city of New Orleans, Par
iSh and State Aforesaid. personally came
the several persons hereinafter named ana
undersigned. who. in presence of the VII
nc>>,.> hereinafter named ana underSlShtd.
declared that. awaiting themselves of TIA"
laws of the stat" Of Louisiana III Su'h
eases made and provided. for and un h.
half of themselves. their assigns ana sue
reSSOrS they do hereby form themselves
into and establish Il corporation under ia"
name and for the purposes and under the
terms and conditions set out in 'h" fol
lowing charter
ARTICLE Par. I. The name of the
said corporation shall be Housewives Co
Operative, Stores. Inc. Its domicile shall
hc in the city of New Orleans.
Par =. The said corporation shall have
all the rights. powers. privileges anu
authorities which are now or may here
III
laws of the State of Louisiana or of any
other state. territory or country. foreign
or domestic. in which it may do business
Par. =. Unless sooner dissolved in ac-
COrdancr with its charter or the law. said
corporation shall exist for the term of
ninty nine years after the date hereof.
Par I. The President, or. in his alb
sencc. the Vice President. in the order OF
their rank. shall he the officers on whom
citation and other process shall be served
ARTICLE 1.-THE purposes for which
this corporation il organized and the na
ture of the business to he carried on by
it are hereby declared to be: To buy.
sell and otherwise deal. at wholesale or
retail. as agents. on commission or other
wise, in goods. wares and merchandise OF
all sorts; TO do business as general mer-
chants, at wholesale or retail aS agents.
on commission or otherwise; to acquire
and hold stock. with all the rights and
privileges of stock ownership, including
the right to vote in other corporations or
ganZed for like purposes and in corpora
tons manufacturing or producing goods.
wares and merchandise of all sorts, and
generally to do any and all things and to
carry any and all business which. in
the Judgment of the Board of Directors.
may be- useful. convenient. necessary or
complementary to the objects and rur-
poses for which il is organized.
ARTICLE III.-Par. /. The capital
stock of this corporation is hereby fixed
at the sum of twelve thousand dollars,
divided into twelve hundred shares of the
par value of ten dollars each. which may
he increased up to the sum of twenty five
thousand dollars.
Par. . The said capital stock shall be
divided into five hundred shares of the
| par value of five thousand dollars of com
mon stock and seven hundred shares of
| the par value of seven thousand dollars
| of preferred stock.
| Par. >. Such preferred stock or the
| holders thereof shall he entitled to receive
dividends nj the rate Of eight per cent pei
~. Il. 1, I'll
| shall be cumulative, and the holders
thereof shall be entitled to receive. OF
liquidation, the full par value of theil
| stock, together with all arrears of divi
dends, before any distribution of divi
dends. current or on liquidation. shall b,
paid or distributed to holders of common
stock. The holders Of preferred stOcl
shall not be entitled to vote and shall no
be eligible to hold office in this corpora
ton.
Par. g. Each holder of common stool
shall he entitled to but one vote, what
ever the number of shares held by him
and IL IL agreed by the stockholders here
of. for themselves and for their successors
and by all persons who may hereafter he
come stockholders in this corporation. tina
they do hereby. ms condition for thei
! admission to membership in this corpora
ton, waive and abandon all their right
and privileges to vote in excess of tn
! one vote hereby provided for.
Par. >. After payment of the dividend
any surplus of profits shall be distribute
/, mt the discretion of the Board of DireC
tors among the holders of common stoc
in proportion to the stock held by ther
: and in proportion to the purchases
, goods. wares and Merchandise made b
, them of this corporation.
Par. g. The corporation shall be &C
: ing concern and shall begin bushes
, when one-half of its capital stock, 4
above provided. shall have been sui
Scribed. and One-half of such subscribe
stock shall have been paid for as require
4 | by law.
!, Par. :. No stock shall be transferre
except on the books of the corporate
nor until the certificate evidencing II
same shall have been surrendered to Il
corporation. and the said corporation ma
- treat as the owner of stock to all inten
y and purposes the person in whose nan
y the same is registered on its books.
= ARTICLE IV.-Par. l. All the pOwe
- Of this corporation shall be vested in al
y exercised by Board OF Directors cor
posed OF not less than nine nor more tn;
fifteen common stockholders. It's office
shall be a President, one or more vi
Presidents. Secretary and a Treasure
or the functions of Treasurer may he
said Board conferred upon the Secretar
The Board shall elect or appoint SUI
other officers, agents and servants as
may from time to time deem necessa
Tor the business of the corporation M
shall fix the powers. compensation al
terms of service thereof.
Par. .. The officers of this corporate
shall have such powers as are apprOpria
to their several offices or as may be pr
scribed by the Board, and shall recei
such salaries as the Board may from til
to time fix.
Par. 3. The following persons sh
compose the first Board of Directors: y
Ernest W. Nacher. 1916 Napoleon Avenl
New Orleans La. Mrs. Lydia L. Benedi
1885 Canal Street. New Orleans, La; NJ
Edna NJ EglestOn, Metairie Ridge. JEFF
riSh Mrs. Is.h -
Milan Street, New Orleans. La: Mr. Re
+. Viyien, zoos n. Dupre Street, New {
leans. La; Miss Nellie Thompson, 1918
Carrollton Ave, New Orleans, La; VI
Eva e. Dibert. 7444 st. Charles Ave. n
Orleans. La; Mrs. Edna II. Stewart |,
Napoleon Ave, New Orleans La; NJ
Alice II. Monroe. 1881 Philip Street n
Orleans, La. The said Board shall COW,