The herald., 1921-12-08

United States of America, State OF Lou
| isiana, City of New Orleans, Be 1t known
that on this twenty sixth day Of the
month of November in the year one thou
sand nine hundred and twenty one. before
me. Felix J. Dreyfous, a notary public,
duly commissioned and sworn in for the
Parish of Orleans and City Of New Or
leans. therein residing, personally ap-
peared the persons whose names are here
| unto subscribed, who declared that, avail
| ing themselves of the provisions Of the
laws of this state. relative to the organi-
| zation Of corporations. and more particu-
| larly Act No. 267 of the General Assembly
| Of the state, approved July 8, 1914, they
| have covenated and agreed, and do, by
these presents, covenant and agree bind,
| form and constitute themselves, as well
as such persons who may hereafter join
| or become associated with them, into a
! corporation and body polite in law, for
the objects and purposes and under the
| agreements and stipulations following, to-
wit:
ARTICLE 1.-The name and style of
| this corporation shall be Sam Silver
| STEMS Department Store, Inc, and, I'M
| der that name, IL shall have and enjoy
all the rights, advantages and privileges
granted by law to corporations; Ii shall
| exist for the period of ninety nine years
| from this day; 1t shall have power to
| contract, sue and be sued in its corporate
| name; to make and use a corporate seal,
and the same to break or alter at pleas
ure; to hold, receive, purchase, convey,
mortgage, hypothecate or pledge prop
erty, both real and personal; to issue
| bonds, notes and other obligations or
negotiable instruments; to have and en-
ploy such managers, directors, officers,
agents and other employees as the in
/ terest and convenience Of said corpora
| ton may require or demand: to make and
establish such bylaws. rules and regu-
| lations for the corporate management and
/ control of the affairs of the corporation
| as may be deemed necessary and expe-
dent.
| ARTICLE 1.-THE domieile of said
corporation shall be established in the
| City of New Orleans, In this state. and
all citations and other legal process shall
| be served on the president, and, in his
absence. on the vice-president.
ARTICLE III.-The objects and pur.
| poses for which this corporation Ia or
| ganized, and the nature of the business
| to be carried on by IL are hereby de-
clared to be to buy and sell. at whole
sale and retail, and to manufacture. con-
sign or receive on consignment, all classes
Of merchandise. specially such articles OF
use. wear or of food as are usually KEEP
on sale in department stores, and gener
ally to engage in, conduct and promote
such other business or enterprise as may
be germane, incidental to. or may grow
out of the concern contemplated by thi,
act.
ARTICLE Iv.-The capital stock of thii
corporation is fixed at the sum Of Sew
enty five Thousands Dollars, ($75.0O0.00)
divided into seven hundr.d and fit,
| shares Of the par value of one hundred
dollars each. All shares Of stock shall b,
full paid and worcestershire. No trans
fer of stock shall be binding upon ths
corporation unless made upon its book
and all certificates Of stock shall b,
signed by such officer as may be desig
mated by the Board Of Directors.
This corporation shall have the RICH
to increase Its capital stock to a furthei
sum of Two Hundred Thousand Dollar
| $500 ,000.O0), to be divided into shares o
one hundred dollars each, provided SAT-
increase in the capital stock shall hav
been authorized by the stockholders at
meeting to be held pursuant to the proyi
sions Of law.
ARTICLE v.-An the corporate power
Of the corporation shall be vested in, an,
the management and control Of its affair
shall be exercised by Board of Direc
the membership Of which may be In
creased to number not exceedin
seven. by the Board of Directors at an,
Of its regular meetings. A majority o
the directors shall constitute a quo
rum for the transaction of all business
The directors shall be elected annual
by ballot on the first Tuesday in Novem
Der in each year. Each stakeholder shal
be entitled, in person or by proxy, to
vote for every share owned by him, an
all elections shall be held under sue
rules and regulations as may be deter
mined by the Board Of Directors, afte
fifteen days notice by mail of such eleS
ton shall have been sent to each stock