The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER OF HOUSEWIVES COOPER
ALIVE STORES, INC.

CHARTER OF HOUSEWIVES COOPER
ALIVE STORES, INC.
State of Louisiana Parish of Orleans,
City of New orleans. Know all men. hy
these presents that on this twenty third
day of the month of April. IN the wear
one thousand nine hundred and twenty,
before me, Mark Mayo Boatnrr. Notary
Public, duly commissioned and qualified
in aud for the City of New Orleans, Par
iSh and State aforesaid. uerSOualIy came
the several persons hereinafter named and
undersigned. who, i'll presence of the wit
DeSSeS hereinafter named and undersigned.
declared that, aNailinG themselves of the
laws of the State of Louisiana i'm such
cases made and provided, for and on be
half OF themselves. their assigns and sue
CeSSOrs they do hereby form themselves
into and establish corporation under the
name and for the purposes and under the
terms and conditions set out in rhe fol
lowing charter:
ARTICLE Par. !. The name of the
said corporation shall be Housewives Co
Operative Stores. luc. Its dOmicile shall
be in the city of New Orleans.
Par. ,. The said corporation shall have
all the rights. powers, privileges and
authorities which 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
Par. 3. Unless sooner dissolved in ac-
cOrdance with its charter or the law. said
corporation shall exist for the term of
ninty years after the date hereof.
Par. 4. The President or. in his alb
Sence, the Vie 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 ma
ture OF the business to be 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
gained for like purposes and in corpora
lions 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. in
the Judgment of the Board of Directors.
may be useful convenient, necessary or
Complementary to the objects and Pur-
poses for which il is organized.
ARTICLE III.-Par. l. 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 he IN 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 he entitled to vote and shall not
be eligible to hold office in this corpora
ton.
Par. 4. Each holder of common stock
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 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. above provided.
any surplus of profits shall be distributed
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 Isrchandise made by
them of this corporation.
Par. 6. 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
scribed, and One-half of such subscribed
stock shall have been paid for as required
by law.
Par. g No stock shall be transferred
EXCEPT on the books of the corporation
nor until the certificate evidencing the
same shall have been surrendered to the
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 IV.-Par. ]. 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
fifteen common stockholders. Its officers
shall be a President. one or more Vice
Presidents, a 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 it
may from time to time deem necessary
or the business of the corporation and
shall fix the powers, compensation and
terms of service thereof.
Par. .. The officers of this corporation
shall have such powers as are appropriate
% 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 8. The following persons shall
compose the first Board of Directors: Mr..
Ernest W. Vacher, 1916 Napoleon Avenue.
New Orleans, La; Mrs. Lydia l.. Benedict.
800 Canal Street, New Orleans, La; Mrs.
Edna NJ. EgleSton, Metairic Ridge. Jeffer-
son Parish Mrs. Jessie MichaeliS, 1916
Milan Street, New Orleans, La; Mr.. Rene
+. Niyien, ZOOS y. Dupre Street. New Or
leans, La. Miss Nellie Thompson, 101S s.
CarrolltOn Ave, New Orleans, La; Mrs.
Eva c. Dibert, I444 st. Charles Ave. New
Orleans. La; Mrs. Edna III. Stewart. 1897
Napoleon Ave. New Orleans. La: Mrs
Alice Il. Monroe. 1881 Philip Street New
Orleans, La. The said Board shall convene
at No. go Common Street. New Orleans.
La, at p. IN. on April 30, 1920, for the