The herald., 1920-07-22
CHARTER OF PEOPLES CD-DPEHA
TIVE LAUNDRY, INC.

United States of America, state Of Lou
iSiana. Parish of Orleans, city OF New
Orleans. Be it known, that on TINS tnlr-
trenth day of the month of April, in the
wear of our Lord, one thousand nine nun
dred and twenty. bet"r" me. JOhh
II. Nix. Notary Public. duly com
misSionrd and qualified in and for the
Parish of Orleans. State Of Louisiana.
therein residing. and in the presence 81
the witnesses hereinafter named and un-
drr>igHrd. personally came ana appeared
the several persons whose names are here
unto subscribed. who declared, that, avail
ing themselves of the laws of this Stale
relative to the organization OF c"rporL-
tons they have COyenanted and agreed.
and do bY these presents. covenant. agree,
bind. form and constitute themselves, as
we'll as such persons rs may hereafter
ioin or become associated with them. INTO
"A corporation and body polite i'll 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 its cor
pUrate name ii shall enjoy succession for
the full term of ninety mine C99D years
from and after the date hereof. and shall
have power and authority TO contract, sue
and he sued to accept and receive mort
cages. pledges or other hypothecationS; "a
make and use a corporate seal and the
same to break and alter at pleasure; to
purchase. receive, lease, hold or otherwise
acquire and convey, as well as mortgage
and hypOthecate, under its corporal,
name. property, both real and personal; tt
borrow money and to issue notes and
other obligations or negotiable instru
ments: to hold stock in other corpora
| lions. to carry out all of the objects and
| purposes hereinafter set out. TO name and
| appoint such managers and directors. Off
GERS and agents, 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
/ l.aNT
and regulation of the affairs of the cor
poration as may be necessary, proper Of
| convenient.
ARTICLE 1.-THE domicile of this cor
| poratiOn shall be in the Parish of Orleans
| state of Louisiana, and all citations o.
| other legal process shall be served upOI
any of the officers of the corporation.
| ARTICLE III.-The objects and pur
poses for which this corporations is or
| ganized. and the nature of the business I,
be conducted by it. are hereby declare,
TO be: To carry on at New Orleans, il
the Parish of Orleans. State of Louisiana
and elsewhere. the business of steam
and general laundry, and to wash. clean
purify, sCOur, bleach. wiring dry iron
color, dye, disinfect, renOvate and prcpar
for use all articles of wearing appar,
| household. domestic, and other linen, an,
cotton and wooden goods aud clothing
and fabrics of all kinds. and to buy, sci
hire, manufacture, repair, let or hire, al
ter, improve. treat and deal in all ap
paratuS. machines. materials and article
Of all kinds, which are capable of bein
used for any such purpose.
| ARTICLE lN.-The amount of the car
ltal stock of this corporation is hereb
fixed at one hundred thousand dollar
tSlOOOOO.O0), divided into ten thOusan
100000 shares of the par value of to
, dollars $4,000 per share. Said stoc
shall be paid for either in cash q
4, property actually received by the corpori
uOn. The capital stock may be increa Sc
TO Two hundred thousand dollars ($2OO
10000, when duly authorized by i,
; stockholders. The capital stock can /
sold only as provided by the bylaws.
ARTICLE N.-All the powers of tn
corporation shall be vested in and exc
cised by Board. composed of not L.,
than i've nor more than nine Directors.
ARTICLE NI-The Board, at all time
, shall have the right to select from II
J stockholders any number of Director
not exceeding the maximum limit herei,
above fixed. Said Board of Directors sha
De elected annually at a general meetiu
p OF the stockholders called for that pu
5 pose on the fourth Thursday in April
each year. after due notice. in accordaIu
win the laws of Louisiana. Each stocl