The herald., 1920-06-24
OF PEOPLES CD-oPERA-
TIVE LAUNDRY, INC

United States of America, state OF Lou
isiana. Parish Of Orleans. city OF New
Orleans. Be it known. that on TINS thlr-
teenth day of the month of April, IN the
year of our Lord. one thousand nine nun
dred and twenty. before me. Johh
| ID. Nix. a Notary Public. duly com
misSioned and qualified in and for the
Parish of orleans. state Of Louisiana;
/ therein residing, and in the presence OF
! the witnesses hereinafter named ana un-
dersigned. 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
/ lions. they have cOvenanted ana agreed
and do by these presents, covenant. agree,
/ bind. form and constitute themselves, as
/ well such persons as may hereafter
, ioin or become associated with them, into
| a corporation and body polite in law, 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 Peoples CO-Opera-
| tive Laundry. Inc and under It's cor
pOrate name it shall enjoy succession for
the full term of ninety nine (99) years
from and after the date hereof and shall
have power and authority to contract, sue
and be sued to accept and receive mort
/ cages pledges or other hypOthecatiOnS, to
make and use a corporate seal and the
| same to break and alter at pleasure; to
purchase. sceive, lease. hold or otherwise
acquire and convey, as well as mortgage
/ and hypOtheCate. under its corporate
name. property, both real and personal, to
borrow money and TO issue notes and
other obligations or negotiable instru-
ments: to hold stock in other corpora
tons to carry out all Of the objects and
purposes hereinafter set out: to name and
appoint such managers and directors, Off
GERS and agents, as the interest and con
venience of said corporation may require,
and to make and establish, as well as alter
and amend at pleasure, such bylaws,
Lrules and regulations for the management
nd lafi of fha of nj a no Pnr
pOration as may be 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 OF
other legal process shall be served upon
any of the officers of the corporation.
ARTICLE III.-The objects and pur.
poses for which this corporation is or
{ ganized, and the nature of the business t
be conducted by it, are hereby declared
. to be: To carry on at New Orleans, il
the Parish of Orleans. State of Louisiana
and elsewhere, the business of steam
I and general laundry, and to wash, clean
i purify, scour, bleach, wiring, dry, iron
: for use all articles of wearing apparel
: household, domestic, and other linen, anC
o cotton and wooden goods and clothing
4 ana fabrics OF all kinds. and to buy, sell
= hire, manufacture, repair, let or hire, al
4 ter, improve, treat and deal in all ap
/ paratuS. machines. materials and article
used for any such purpose.
!, ARTICLE lN.-The amount of the cap
II ltal stock of this corporation is hereb
u fixed at one hundred thousand dollar
e lSlOO,OOOO), divided into ten thousan,
'e 100000 shares of the par value of tie
= dollars (Sl0OOl per share. Said stoc
r. snail be paid for either in cash o
I: property actually received by the corpora
d ton. The capital stock may be increas Sc
y 10 Two hundred thousand dollars $500
le 100000, when duly authorized by il
y St0ckhOlders. The capital stock can b
., SOLD only as provided by the bylaws.
" ARTICLE Van the powers of thi
a corporation shall be vested in and exer
" clsed by Board, composed Of not les
a, than i've nor more than nine Directors.
n ARTICLE NI.-The Board at all time,
n Shaii nave the right to select from m
stockholders any number of Director,
not exceeding the maximum limit herein
is above fixed. Said Board of Directors SIM
10 De elected annually at a general meetin
y OF the stockholders called for that mn
; pose on the fourth Thursday i'm ApriI :
y each year, after due notice. in accordanC
Is with the laws of Louisiana Each stool