The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
OF U>EWINE>' COOPER
NTINE STORES. NC.

NTINE STORES, INC.
state of Loui>iana. Parish ct orleans.
CITY of New Orleans Know all men. ny
these presents. that on tins twenty third
day of the month OF ApTil. n the wear
one thousand nine hundred aud twenty,
before me. Mark Mayo B"atu"r. Notary
Public duly commissioned aud qualified
i'm and for III" city of New orleans Par
i~h and State aforesaid. personally came
the several persons hereinafter named lnd
undersigned. who. in presence of the Wit
nrSS,,S hereinafter named and undersigned.
declared that. availing themselves of Tn"
laws of the state Of Louisiana III such
eases made and provided. for aud on be
half of themselves. their assigns aud sue
Cr>>orS they do hereby form themselves
into and establish a corporation under the
name aud for the purposes aud under The
terms and conditions st out in rh" fol
lowing charter:
ARTICLE Par. !. The nam" Of the
said corporation shall be Housewives Co
Operative Stores. Inc. Its dOmicilc shall
be in the city of New Orleans.
Par >. The said corporation shall have
all the rights. powers. privileges and
authorities which are now or may here
after be- 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 ii NAV 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 t. The President, or. in his alb
Scncr. 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 winch
this corporation is organized and the ma
turr 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 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
tiOns manufacturing or producing goods.
wares and merchandise of all sorts. and
generally to do any and all things and to
carry on any aud all business which. in
the Judgment of the Board Of Directors.
may u" useful. convenient. necessary or
complimentary to the objects and Pur-
poses for which it 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 at the rate of eight per cent per
annum the par value thereof, which
shall he cumulative. and the holders
| thereof shall he entitled to receive. on
liquidation. the full par value of their
! stock, together with all arrears of divi-
| dendS, before any distribution of divi-
dendS. current or on liquidation. shall be
paid or distributed to holders of common
| stock. The holders of preferred stock
| shall not be. entitled to vote and shall not
be eligible to hold Office in this corpora
| ton.
Par. 4. Each holder of common stock
shall he entitled to but one vote. what
ever the number of shares held by him
and it is agreed by the stockholders here
of, for themselves and for their successors
and by all persons who may hereafter Ia
come stockholders in this corporation. that
they do hereby, as condition for their
admission to membership in this corpora
ton, waive and abandon all their rights
and privileges to vote in excess of the
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
ana in proportion to the purchases OF
goods. wares and ns-chandise made by
them of this corporation.
Par. q. The corporation shall be a go
ing concern and shall begin business
when One-half of its capital stock as
above provided, shall have been sub
scrfbed. and One-half of such subscribed
by law
Par. Z. No stock shall be transferred
except on the books Of the corporation
nor until the certificate evidencing the
hall hnV-
corporation, and the said corporation NAV
treat as the owner of stock to all intentS
| and purposes the person in whose name
the same is registered on it's books.
| ARTICLE IV.-Par. I. All the powers
OF this corporation shall be vested in and
| exercised by Board OF Directors COM
| posed OF not less than nine nor more than
| nfteen common stockholders. Its officers
| Snaii De PRESIDENT, one or more Vice
| Presidents, n 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 onicers, agents and servants as il
| may from time to time deem necessary
Tor the business of the corporation and
| snail nix the powers compensation and
terms Of service thereof
Par; : The officers of this corporation
| snail nave such powers as are appropriate
10 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. J. The following persons shall
compose the first Board of Directors: Mr.,
Ernest W. Nacher, 1916 Napoleon Avenue,
New New orleans, La; Mrs. Lydia l.. Benedict,
| $3.50 canal street, New Orleans. La: Mrs
Edna NJ. Egleston Metairie Ridge Jpfrer-
son Parish: Mrs. Jessie Michaelis, 1916
Milan street New Orleans. La; Mr.. Rene
r. Nivien, 1908 n. Dupre Street. New Or
leans, La; Miss Nellie Thompson lois s
| Carrollton Ave. New Orleans, La; Mrs.
Eva {. Dibert. 7444 st. Charles Ave, New
orleans, La; Mrs. Edna II. Stewart. 1897
Alice b. Monroe. 1881 Philip Street New
orleans, La. The said Board shall convene
at No 50 Common Street. New Orleans,
La at p. m. on April %, 1920, for the
-z.r>y ~