The herald., 1922-10-26
CHARTER
CHARTER OF SUPERIOR LAUNDRY.
INC

United States of America, State of
Louisiana, Parish of Orleans. City OF
New Orleans. BE it known. That on
this the fifth day of the month of Sep
TENDER, in the year of our Lord one
thousand nine hundred and twenty-five,
before me. Charles Schneidau, notary
fled. in and for the Parish of Orleans.
State of Louisiana, therein residing.
and in the presence of the witnesses
hereinafter named and undersigned,
personally came and appeared the sew
eral persons whose names are mere
unto subscribed, who declared that,
awaiting themselves of the laws of TINS
State relative to the organization of
corporations, they have covenanted
and agreed, and do by these presents
covenant, agree, bind, form and con-
stitute themselves as well as such per
sons as may hereafter join or become
associated with them. into a corpora
ton and body polite in law for the
objects and purposes under the agree
ments and stipulations following, to-
wit:
ARTICLE 1.-The name of this cor
poration shall be SUPERIOR LAUN-
DRY, INC
ARTICLE 1.-THE objects and pur-
poses for which this corporation Is
organized is to carry on in the city
of New Orleans and elsewhere the
business of laundry and dry cleaning
establishments to buy, sell and deal
ment used in the laundry and dry
cleaning business. and to that end
shall have the powers necessary TO
carry out the objects thereof, and shall |
have the rights in the connection with |
the said business, and in furtherancs
thereof. to purchase. own. lease, mort |
gage and ALLEVIATE real estate and NOV
able property; to borrow money and to |
Issue promiSSOry notes. bonds. or other |
evidences of Indebtedness; to appoint
and employ such agents and employees
as may be necessary.
ARTICLE III.-The capItar STOCK or
this corporation is hereby fixed at forty
thousand dollars (si0.00O.0Ol divided
into two classes
CD $500 shares of the par value
of ten dollars $4,000 each. shall be
known and designated as Preferred
Profit-Sharing Stock. which shares
and dividend to the stock known as
Common Stock. or any other issue of
stock, bonds, notes or mortgages.
(2) 5000 shares of the par value of
one dollar (S1.OO) each, shall be known
and designated as Common Stock. :
The capital stock of this corporation a
shall be paid for in cash or its equiv
alent before issued, and no stakeholder :
shall ever be held liable for more than ;
the unpaid balance of his subscription. :
All stock when issued shall be fully .
paid, worcestershire. a
Out of the net earnings of the cor 9
poration there shall be first declared
the annual dividend of 1910. payable 9
to the holders of the Preferred Stock n
before the holders of the Common A
Stock shall receive anything. This 7
dividend shall be cumulative There n
after like dividend of 1870 shall be o.
paid to the holders of the Common a
Stock. The balance Of the earnings. if g
any, shall be distributed annually. 5Ocs E
to the holders of the Preferred Stocks 8
n N TO f1,a h.Nl.
Stock. The Preferred Stock shall have @
no voting power. The Preferred Stock
may be increased, according to the law.
by resolution of the Board of Directors d
adopted by 2/3 vote, to the sum of 81
not more than ninety-five thousand n
dollars S950O0.00), the proceeds of
which shall be used exclusively for the =,
purchase of supplies equipment and ~
putting in of additional laundry and o
dry-cleaning plants. The Common Stock ~
is not subject to increase except by ~
unanimous vote of its holders.
In event of dissolution and division ~
OF assets the Preferred Stockholders 90
shall be paid off dollar for dollar be- 10
ore the Common Stockholders shall re- e.
,eive anything. and thereafter the Com -
non Stockholders shall he entitled to ~
Ill surplus of the entire assets re- on
~
ARTICLE IV.-The domicile of this ST
corporation shall be the City of New II
orleans. and the corporation shall ex- b!
st for period of ninety-nine years WI ",
rom date hereof. vi
ARTICLE V-The powers of this an
corporation shall be vested in and ex-
rcised by Board of Directors of not
ess than three nor more than seven, Io'
majority of whom shall constitute a pc
uorum for the transaction of business. 60
The directors shall be elected by the TO
Common Stockholders on the first IN,
Tuesday of September of each year I'M
eginning the first Tuesday of Septem- SCI
'er. 1929 and shall serve until their SCI
uccessors shall have been elected and l a..
ualified, and elect from their number IA IA
Z their first meeting President a Inv Inv
a Secretary and Treas ea
rer. whose powers and duties shall be 7"
efined by said board. The offices of r'S
resident and Treasurer may be held by
ne and the same person. and the offices raj
Vice-President and Secretary may be en-
eld by one and the same person, and ste
he offices of Secretary and Treasurer of
nay be held by one and the same per- | pc
on, IL desired ma
The following persons shall compose
he Board of Directors for the first an
ear: Louis ]. Bernard, Pres, 1903 s. ito
hares common: G.. Bernard V-Pres ma
09 Camp street. 200 shares Preferred | =
% shares common: III. w. Baird, Sec abb
,reas.. 1919 Prytania street, 700 shares DO
.reierred, lOOO shares Common; Frank ist
lattheus, Direc, III Baronne street. tbs
90 shares Preferred. 400 shares Com the
nom CharleS wainwright, Direc., 1922
L. Charles, 800 shares Preferred, 400 at
hares Common. fro
ARTICLE VINO compensation shall pre-
e paid to any officers or directors ex- or
ept the Secretary and Treasurer in be
ny fiscal year until the stockholders not
ave received dividends amounting to tor
I least fifteen per cent G5%). con
The joint annual salaries of the . .ha
fficers and directors of this corpora ti ni
ion' other than the Secretary and 10,
treasurer. shall at no time exceed fiji an an
cen per cent (15%) of the annual net I'm I'm
arnings of the company. t sne
The subscribers hereto have resnec sec
lvely written opposite their names the ais,
mount or stock subscribed by them to ret,
ms corporation, so that this act of of
Incorporation may also serve as the rati
rlglnal subscription list of this cor now
oratlon, and they have stated their all
9Stoffice addresses so as TO conform Mo
Act 267 of the General Assembly the
S'a'e oI Louisiana of 1914. rati
mis- done and passed at nv office aut
the CITY of New Orleans, Louisiana def
n y the DAY, month and year herein first plo.
Dose written, in the presence of q sha
fereira and w. NJ. Brand. the nm. plea
erslghed competent witnesses who | 8.
ereuhto sign their names with said wei
ppearers, and me, notary, after dua | Iws
Fading of the whole uuo nro
Louis j. Bernard 500 sbaras nra sup
erred zoo shares common: q Re- and
ara, zoo shares preferred, 400 shares A.
pmmOn: III w I'd