The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-15

United States of America. State OF Lou
isiana. City of New Orleans he 1t known
that on this twenty-sixth day OF the
month of November in the year one tnou-
sand nine hundred and twenty-on De1ore
me- Felix J. Dreyfous, notary puDnc'
duly commissioned and sworn in Tor the
Parish of Orleans and City OF New Or
leans therein residing, personally ap-
peared the persons whose names are mere
unto subscribed, who declared that, avail
| ing themselves of the provisions or the
| laws of this state. relative to the organl-
zation of corporations, and more parucu-
| larly Act No. 267 of the General Assembly
| of the state, approved July ., 1914, they
have covenated and agreed, and do, by
these presents, covenant and agree, Dino.
| 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 un-
der that name, IL shall have and enjoy
all the rights, advantages and privileges
granted by law to corporations; II shali
exist for the period of ninety nine years
from this day; Ii shall have power to
contract. sue and be sued in its corporate
name; TO make and use 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 OF
negotiable instruments; to have and EN-
! ploy such managers, directors, onlcers
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 anc
: control of the affairs Of the corporation
as may be deemed necessary and expe
. dent.
n ARTICLE 1.-THE domicile of sale
: corporation shall be established in tn
e City of New Orleans, in this state, ant
( all citations and other legal process shal
be served on the president, and, In nj
n absence. on the vice-president.
q ARTICLE uI-The objects and pur
r poses for which this corporation is or
e ganized, and the nature Of the bushes
! to be carried on by 1t are hereby de
= clared to be to buy and sell. at whole
2 sale and retail, and to manufacture, con
:; sign or receive on consignment, all classe
l. of merchandise, specially such articles Q
:; use, wear or Of food as are usually ker
Il on sale In department stores, and genel
ally to engage in, conduct and promof
a such other business or enterprise as ma
- be germaHe, incidental to, or may gro
- out of the concern contemplated by TIL
n act.
e ARTICLE Iv-The capital stock Of tn
L. corporation is fixed at the sum Of Be,
is enty-five Thousands Dollars, $4,000 90
r divided into seven hundred and lift
n shares Of the par value Of one hundre
ID dollars each. All shares Of stock shall
f. full paid and worcestershire. No tran
as fer Of stock shall be binding upon u
err | CORPORATION unless made upon Its bool
e. and all certificates Of stock shall
of signed by such officer as may be desi
10 mated by the Board Of Directors.
d. This corporation shall have the rig
er to increase its capital stock to furth
On sum of Two Hundred thousand Dolla
$500 600 OO). to be divided into shares
tie one hundred dollars each, provided ga
r. increase in the capital stock shall ha
of been authorized by the stockholders at
til meeting to be held pursuant to the pro-
Us sions Of law.
all Of the corporation shall be vested in, a
X the management and control Of its ana
shall be exercised by a Board Of Dir
oe tors, composed of three stockholdt
ro the membership of which may be
an creased to number not exceed
en seven, by the Board Of Directors at a
-, Of its regular meetings A majority
sio the directors shall constitute a.
'o rum for the Transaction Of all busine
snt The directors shall be elected annua
~ by ballot on the first Tuesday In Move
~ Der in each year. Each stakeholder 81
,n be entitled, In person or by proxy, Il
| vote for every share owned by him,
NJ all elections shall be held under 81
-. rules and regulations as may be Del
a.. 4 mined by the Board Of Directors, al
- fifteen days notice by mail Of such e
~ ton shall have been sent to each sto