The herald., 1920-05-06

ALIVE STORES, INC.
state of Louisiana. Parish of Orleans,
city of New orleans. Know all men. by
| these PRESENTS, that on thus twenty third
| day of the month of April. IN the year
! one thousand nine hundred and twenty,
/ before me- Mark Mayo BOatner, u Notary
| Public. duly commissioned and qualltled
! in aud for the city of New Orleans. Par
iSh and State aforesaid. personally came
| the several persons hereinafter named and
| undersigned. who. in presence of the wit
DesSrS hereinafter named and Undersigned.
declared that. awaiting themselves of the
| laws of the State of Louisiana in 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 a corporation under the
| name and for the purposes and under the
| terms and conditions set out in The fol-
/ lowing charter:
ARTICLE I.-Par. |. The name of the
said corporation shall be Housewives Co
Operative Stores. Inc. Its dOmicile 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 it may do business
Par. 3 Unless sooner dissolved in ac-
cOrdance with its charter or the law. said
corporation shall exist for the term of
ninty nine years after the date hereof.
Par. 4. The President. or. in his alb
sence the Wee President in the order of
their rank, shall be the officers on whom
citation and other process shall he 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. at wholesale or retail, 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. 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. /. 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. ;. 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
| liquidation. the full par value of their
stock, together with all arrears of diyi-
| hpnhS hRfnFa rih ntf Of ;,.s
| 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 be entitled to but one vote, what
ever the number of shares held by him.
and II is agreed by the stockholders here
of, for themS selves 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.
| Far. D. 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 Merchandise made by
| them of this corporation.
Par. 8. The corporation shall be a 60
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
Par. Z. 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 NAV
treat as the owner of stock to all intents
ana purposes the person in whose name
the same Is registered on its books.
ARTICLE 1V.-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
ntteen common stockholders. Its officers
shali De PRESIDENT. one or more Vice
PRESIDENTS, Secretary and Treasurer
or the functions of Treasurer may be by
SAID Board conferred upon the Secretary
me Board shall elect or appoint such
other oHlcers, agents and servants as il
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 2 The officers of this corporation
shdlI nave 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. eacher, 1916 Napoleon Avenue.
New Orleans. La: Mrs. Lydia L. Benedict
$3.50 Canal Street, New Orleans. La; Mrs
Edna NJ. Egleston, Metairie Ridge, Jeffer
son Parish; Mrs. Jessie Michaelis, 1915
Milan Street. New Orleans. La; Mr.. Rene
T. Nivien, 16OS n. Dupre Street. New Or
leans, La; Miss Nellie Thompson. IO1S s.
CarrOllton Ave. New Orleans. La Mrs
Eva {. Dibert, 1i44 st. Charles Ave. New
Orleans. La; Mrs. Edna II. Stewart, 1877
Napoleon Ave, New Orleans, La: Mrs
Alice IL. Monroe, 1881 Philip Street, New
orleans, La. The said Board shall convene
at No. 635 Common Street New Orleans
La, at p. m. on April %, 1920, for the