The herald., 1922-04-27
CHARTER
CHARTER OF
CRESCENT LAUNDRY, INC.


United States of America, State Of
Louisiana, Parish of Orleans, City Of
New Orleans. BE it known that on this
18th day of March, 1922, before me-
JOHN ]. KELLEY, Notary Public, in
and for this Parish and State and in
the presence of the witnesses herein
after named and undersigned, personally
came and appeared the several persons
whose namesr are hereuntO subscribed,
who declare that, availing themselves Of
the laws of this State, particularly Act
2G7 of 1914, they have agreed amongst
themselves to form Il corporation under
the following terms and conditions, to-
wit:
ARTICLE I. The name Of this cor
pOration shall be the AMERICAN
CRESCENT LAUNDRY, INC. Its dom
icile shall be established in the city of
New Orleans. and under its corporate
name it shall have power to contract,
sue and be sued; to have corporate
seal; to hold, receive, purchase, ALLEVIATE,
SELL mortgage or hypOthecate property,
real, personal or mixed; to make and
issue bonds; TO borrow money and to
give the necessary security therefor; to
make bylaws, rules and regulations for
the proper management of its affairs, and
to that end to do all other acts and
things permitted by law which may be
objects and purposes of this corporation.
ARTICLE ii. This corporation. I'M
less sooner dissolved, shall exist and
continue for period Of ninety-nine years
legal process shall be served on the
President, or. in his absence, on the
Treasurer of the corporation.
ARTICLE III. The objects and pur
poses of this corporation are hereby de-
clared TO be: To carry on the business
of steam and general laundry and dry
cleaning; to wash, clean, purify, scOur,
bleach, wiring, dry, iron, color. dye. dis
infect, renOvate and prepare for use all
articles of wearing apparel household.
domestic and other linen, cotton and
wooden goods, and clothing and fabrics
Of all kinds, with full power to do and
perform any and all acts connected
Herewith, or arising therefrom, or in
cidental thereto, and any and all acts
proper or necessary for the purpose of
the business.
ARTICLE ". The capital stock of
this corporation, all common stock, is
hereby fixed at S100O0000. divided into
one hundred shares of the sum of
100000 each, all of which said stock
Is to be paid for in cash or labor done
or property actually received. This cor
pOration shall have the right to COM
mence business when fifty per cent of
its stock is subscribed, and the right is
reserved to increase the amount of its
capital stock up to the sum of 5000 OO0O 90.
All transfers Of stock shall be made on
the books of the company on the sur
render of the outstanding certificates
and pursuant to such rules as the Board
of Directors may prescribe.
Any stakeholder may SELL assign or
transfer his stock in this corporation.
provided thirty days prior notice of
such intention to sell, assign or transfer
the same be given the company, and the
other stockholders thereof shall have the
first privilege of purchasing same, at
its book value, after which thirty days
notice, which must be in writing, the
stock may be sold in the open market
ARTICLE V. The business of this
corporation shall be managed and all of