The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1920-03-27
CHARTER OF
Silverman d. Bernstein, In
cOrporated.

B0 II known thAt, on lnis 'tu uny VI
February, in the year OF our Lord
Nineteen Hundred and Twenty, before
me, Rene H. Hnel, Notary Public, IN
and for the Parish of st. Mary, State OF
Louisiana. therein residing, and in the
presence Of the witnesses hereinafter
named and undersigned, personally came
and appeared the persons whose names
are hereunto subscribed, all OF the fn'i
age Of majority and residents ~ the
Parish Of 81. Mary and Orleans, Louis
lana, who severally declared that avail
ing themselves of the provisions of the
Act Of the Legislature OF the State OF
Louisiana, being known as Act 261 OF
the Session Acts of 1914, they do, by
these presents, covenant and agree and
bind themselves as well as snch other
PERSONS ss may become hereafter hsso-
ciated with them, in order to form and
constitute a corporation and body polite
in law, for the objects and purposes,
and under the slipulations following
TO wit:
ARTICLE I.
The name and title of this corporation
shall be "sILvERMAN & BERNSTEIN,
INCORPORATED" and it shall have
and enjoy 8, ccession and existence for
period of ninety mine (S9) years from
date hereof 1t shall have, enjoy and
possess all the powers, rights, privi-
leges and immunities accorded to cor
porations under the law.
ARTICLE II.
The domieile OF this corporation shall
lie in the Town OF franklin, Parish of
81. Mary. State Of Louisiana, where all
the citations and other legal process
shall DO served upon the President, and
in the case of his abs' nee, npon the
Vice. President. ard in case Of the abb
eenes Of the VicI-President, upon the
fccretary- Treasurer thereof.
Article III.
The oil j-c's and purposes for which
tits cOrI,nIaiion is established and the
nature OF the business to be carried on
by il, are hereby declared to be as fol-
lows, to-wi;:
l. To establish and conduct general
department store.
2. To carry on all or any of the
wholes.le and retail businesses of dry
goods mel chants. dry goods manufaC-
iurera, furritrs, haberdashers, hOsiers,
manufacturers, exporters and importers,
Wholesale and retail dealers Of and in
all kinds Of fabrics, feathers, dressers
boot and shoe makers; manufacturers
sBd importers and wholesale and retail
dealers Of and in leather goods, house
hold furniture, ironmongery, china and
glassware, crockery and other house.
hold fittings and utensils, ornaments,
bric.a-brac, stationery, notions and
fancy goods; dealers in meats and pro-
visions, drugs, chemicals and other arti-
cles and commodities OF personal and
household use and consumption; and
Generosity OF and in all manufactured
goods, materials, provisions and pro-
duce and personal property.
3. To buy, sell, manufacture, rspair,
Alter and exchange, let or hire, import
md export, and deal in all kinds Of arti
cles and things which may be required
for tie purposes Of any Of the said bust
nessrs. or commonly supplied or dealt in
by persona engaged in any snch bust
neesrs, or which may seem capable of
being profiiably dealt with in cOnnec-
ton with any Of the said businesses.
ARTICLE w.
The capital stock of this corporation
shall be Fifty Thousand 1880, O00. 0O)
Dollars, divided into Five Hundred |
(5OO) Shares OF the par value of One !
Hundred t$lOO.O COY Dollars each. No
transfer OF stock shall be binding upon
this corporation unless same appears up
on the books thereof.
Any stakeholder shall have the right
n arsigu or transfer any share or shares
held BY him. provided ten days notice
Of such intention TO sell, assign or trans
Ter the same 10 given 10 the conpany
and the Other stockholders, who shall !
hn ruf IF oh nj, |
same, after which ten days notice the
The capital stock Of this corporation
i've 1875, OO0.OO Dollars.
The Board OF Directors shall have the
right Ia determine how and when treas
ury stock shall be issued; provided, that
esid treasury stock shall be issued for
cash or other vIlu able consideration aud
never less than Al par.
ARTICLE
The corporate powers of this cOrpor-
alton shall be vested in q Board of Dir
ectors to be composed of Three (3) Dir
ectors, two icy Of whom shall constitute
3 quorum for the transaction OF bust
ness, to be elected by the STOCKHOLDERS
u general meeting TO be held on the
first Monday OF ,Ianuary. in each year
Notice of luch election shall be given
and delivt rel personally or by deposit
ing IN the postoificr, properly addressed
10 each sirckholier at least fifteen (l5I
days before such meeting
The Board Of Directors shall have the
power 10 mske all bylaws, rules and {
necessary for the conduc. of {
he baainess and Affairs Of said corpora
fios, ard shall elect from their numbcr
, Prssidcst, vice-Prsident, and a
eecsssas, .Treasurer.
Uatil tho election to he held a. here
inahove neovi Nd the fti{owiuv sbau ,