The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-20

ATINE STORES. INC.
state of Louisiana. Parish OF orleans,
! CITY of New Orleans. Know all men. ny
4 these presents that on this invent! third
day of the month of April. IN the year
| one thousand min" hundred and twenty,
! before me. Mark Mayo Boarnrr. Notary
! Public duly commissioned and qualified
J in aud for the CITY of New orleans, Far
1 i>h and state aforesaid, personally came
/ the several persons hereinafter named ana
undersigned. who. in presence OF the VIZ
ur>SrS hereinafter named and undersigned,
declared that aNailing themselves of the
| laws of the State of Louisiana in such
! cases made and provided, for and on be
/ half of themselves. their assigns ana sue
/ ce>>OrS they do hereby form themselves
/ into and establish a corporation under the
name aud for the purposes and under the
/ terms and conditions st "ut in 'h" fOl
| lowing charter:
! ARTICLE Par. !. The name of the
said corporation shall be Housewives Go.
| Operative Stores. Inc. Its dOmicilr shall
be in the city of New Orleans.
Par > The said corporation shall have
! all the rights. powers. privileges ana
authorities which are now or may here
after bp given to like corporations by the
laws of the State of Louisiana or of any
other State. territory or country. foreign
or domestic. in which it NAV do business
Par 3 Unless sooner dissolved in ac-
cOrdance with its charter or III" law. said
corporation snail tAlSl lot lht TERM VI
ninty nine years after the date hereof.
Par 4. The President, or. in his alb
Sence, the Vie President, in the order OF
their rank. shall be the officers on whom
citation and other process shall be served.
ARTICLE 1.-THE purposes for which
this corporation is organized and the ma
ture of the business to be carried on by
il 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. ut 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
ganized 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 on any and all business which. i'll
the Judgment of the Board of Directors.
may be useful, convenient, necessary or
com Elementary 10 the objects and rur-
poses for which it is organized.
ARTICLE IIl.-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
be 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. 3. Such preferred stock or the
holders thereof. shall be entitled to receive
dividends at the rate of eight per cent per
annum on the par value thereof, which
| shall be cumulative, and the holders
| thereof shall be entitled to receive, on
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 stock
shall not be entitled to vote and shall moi
be eligible to hold office in this corpora
ton.
Par. 4. Each holder of common stocl
shall be entitled to but one vote, what
ever the number of shares held by him
and il is agreed by the stockholders here
of. for themselves and for their successors
and by all persons who may hereafter be
come stockholders In this corporation. that
they do hereby, as a condition for theiI
admission to membership in this corpora
ton, waive and abandon all their rights
and privileges to vote in excess of tn,
one vote hereby provided for.
Par. >. After payment of the dividends
on preferred stock, as above provided
any surplus of profits shall be distributed
at the discretion of the Board of Direc-
tors among the holders of common stock
In proportion to the stock held by them
and in proportion to the purchases OF
goods, wares and Merchandise made by
them Of this corporation.
Par. D. The corporation shall be a go
ing concern and shall begin business
when One-haf Of it's capital stock, as
above provided, shall have been sub
scribed. and one-half of such subscribed
by law
except on the books of the corporation
nor until the certificate evidencing the
| a hay r.
corporation, and the said corporation may
| treat as the owner of stock to all intents
and purposes the person in whose name
the same is registered on its books.
| ARTICLE 1y.-Par. l. All the powers
| OF this corporation shall be vested in and
| exercised by a Board of Directors com
posed of not less than nine nor more than
fifteen common stockholders. Its officers
| snail be President, one or more Vice
Presidents, Secretary and a Treasurer.
| or the functions of Treasurer may be by
said Board conferred upon the Secretary.
The Board shall elect or appoint such
| other officers, agents and servants as II
may from time to time deem necessary
| for the business Of the corporation and
snail nix the powers, compensation and
| terms of service thereof.
| Par. ?. The officers of this corporation
shall have such powers as are appropriate
| to their several Offices or as may be pre-
| scribed by the Board, and shall receive
such salaries as the Board may from time
| to time fix.
| Par. 3. The following persons shall
| compose the first Board of Directors: Mr..
Ernest W. yacher, 1916 Napoleon Avenue,
New Orleans, La; Mrs. Lydia L. Benedict,
| $50 canal Street, New Orleans, La; Mrs.
Edna NJ. Egleston, Metairie Ridge. Jeffer.
| son Parish; Mrs. Jessie Michaelis. Isl6
Milan Street, New Orleans, La: Mr. Rene
f. Vivien, 1908 n. Dupre Street, New Or
leans. La. Miss Nellie Thompson, 1O1S s.
Carrollton Ave, New Orleans La: Mrs.
Eva c. Dibert, 7444 st. Charles Ave, New
Orleans. La; Mrs. Edna II. Stewart. JS37
Napoleon Ave-, New Orleans, La: Mrs
Alice Il. Monroe, 1881 Philip Street. New
orleans, La. The said Board shall convene
at No. 6;5 Common Street, New Orleans
La, at 3 p. m. on April 20, 1920, for the