The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-10-10
CHARTER
OF THE
Brown-MeIchior Company, Limited.
State of Louisiana,
Parish of LAFAYETTE.

State of Louisiana,
Parish of Lafayette.
Be it known that on this thirtieth day of
June in the year of our Lord One Thousand
Nine Hundred and three, before me G.. F.
Latiolais notary public in and for said
Parish and State personally came and ap-
peared the persons whose names are here
unto subscribed all of full age who declared
that availing themselves of the provisions of
the laws of this state relative to corporations
and especially of Act No. 50 of 1883 of the
General Assembly of Louisiana they have
covenanted and agreed and by these pres
ents covenant AMI agree and bind them
selves as we'll as such other persons may
hereafter become associated with them to
form and constitute a corporation and body
polite in law, for the purposes and objects
and under the stipulations, articles and con-
'litions following to-wit.
ARTICLE I.
The name and title of the said corpora
ton shall be the Brown Melchior Company
Limited, and its domicile is hereby esta-
blIshed in the town of Carencro, Parish of
Lafayette, State of louisiana, and under its
said corporate name said corporation shall
have power and authority to contract, sue
and be sued; to make and use corporate
seal, and the same to break and alter at
pleasure; to holi, receive have, purchase,
improve, ALLEVIATE, convey, sell, borrow,
pledge, mortgage and hypothecate under its
said corporate name property, real, personal
and mixed; I" n ,me AMI appoint such Off
GERS, directors. agents and managers, or en-
pl"yees, As the interest convenience of
said corporation may require; to make and
establish by laws rules and regulations for
The proper management aud regulation of
its affairs as may be deemed necessary and
proper, and the same to change and alter at
pleasure, AMI to do all other acts and things
permitted 10y law, or as shall may be ne
Sessary and proper to carry out the objects
and purposes of sail corporation.
Said corporation unless sooner dissolved
III accordance with its charter shall exist and
for the period Of ten years from
and after the date hereof. The president,
or in his absence the vice-presidert shall be
the proper person upon whom citation or
other legal process shall be served.
ARTICLE II.
The objects and purposes for which this
is organized and the nature of
the business to be carried on by it are de-
clared to he the following, tow,t: General
ARTICLE III.
The capital stock of said corporation
shall be Seven Thousand Five Hundred |
Dollars, divided into and represented by
'eventy-fve shares of the sum of One
shall be paid for in cash at the time of sub |
'criPtion or the same may be issued, at not |
less than par in payment exchange for |
property or rights actually received or pur-
chased by said corporation, or the same
nay be issued full paid, for money advanced |
md for such other valuable considerations
Or services as the board of directors of said |
corporation ay determine, provided that
10 stock shall be issued until consideration
herefor has been received by the said COR
ooration. Any stakeholder may sell, assign I
'r transfe: his stock in this corporation pro-
'ided thirty 500 days prior notice of such
Intention to sell, assign or transfer the same
&c given, the company, and the other stock
re peof ha11 hau thn
# purchasing same, after which thirty days
notice the said stock may be sold in open
market. The stock of said corporation may
'e transferred under the above conditions
he books of said company at its Office in
>arencro, State of Louisiana, and on sur
ender of the certificate thereof. No trans
er of any fractional part of share shall; be
made.
This corporation shall commence to do
BUSINESS as soon as all of the capital stock
hall have been subscribed for. The Board
f Directors shall have the right to deter
nine how much stock shall be issued.
ARTICLE ~.
The corporate powers of this company
hall be vested in and exercised by board
lent, the vice President, and the secretary, !
rho shall also be treasurer of this corpora
ION. Three of said board shall constitute a
uorum for the transaction of business and
5.
The following persons shall Constitute the
rst board of directors: George E. Brown,
:eorge ]. Melchior, and Samuel P. Brown.
10 person shall be- eligible as director or an
mcer who is not a stakeholder of this COM
any. During the absence of the president
ne vice-president shall act and preside.
aid board shall continue in office until the
rst day of July A. ID. 1904 which date
nd thereafter annually board of directors
hall be elected on the first day of July of
ach year unless the same should be a holi-
ay, when the election shall be held on the
ext legal day thereafter. Notice of such
lection shall be given by at least ten days
revious to the said election through the
ecretary who shall duly notify all the
ockholders. Any failure from any cause
hatever to elect directors on the day
AIMED for that purpose, shall not dissolve
'e corporation but the directors then in Of
&c as we'll as the officers of said company
'all hold over until their successors are
,osen. In such event the president shall
Iuse another election to be held within .
irty days and shall give notice thereof as
.reinbefore provided. .
At any election and meeting each st ock.
older shall be entitled to vote for each
are of stock registered in his name. and
ay vote by proxy. The election of direc-
rs shall be by ballot and the majority in 4
Mount of votes cast, each share of stock
ted upon to be counted for one vote shall
ect the person or persons for whom they
I'VE been cast. After each election the
ard of directors shall elect from their own
mber the officers of said company. {
ARTICLE v. r
The board of directors shall have full a