The herald., 1915-09-16

atoms. and more especially O.; Act II Of the
q this ScS=. they have c5venantet and
agreed and by these presents % covenant
and agree Tor themselves and ;helr success
>ors and assigns - form themselves INTO a
corporation and body polite Tor the objects
and purposes and under the stlpula;s-s here
matter set forth. t1-Wlt:
Article I.-The name ard title OF this coz.
ru-a;i1D shall be Samuel Michel and Son
Company. incorporated. and under such ;.tLe
10 sEa. have and ENJOY succession Tor a Pc
Rod Il -Irety-n're years from date hereof. II
shall have power ard authority % contract
sue and be sued. make ard use . corporate
seal. the same o. break and alter az pleasure
-o hold. sell. lease. mortgage. hyPotLecate o-
eSsa-y, incidental or proper for The carrying
on Of Is business, and 10 that end % fur.
rher mortgage all oyster lands or leases,
grants. ~ contracts held hy %. together Wlth
all buildings, constructions and improvements
placed and erected on said lands, or - be
placed OF erected thereon. as well 10 issue
bonds secured by such mortgages, such bonds
- be issued n such amounts at such rate
u interest and - ruH for such length Of time
not exceeding the term Of said leases. as said
.esSeeS or grantees may determine % buy
and 20 hold stock n any other company Or
companies that may assist this company IN
rs objects and purposes; 20 make and issue
notes and certificates OF Indebtedness, %
name. elect and appoint managers, directors
and clerks or other employees 20 properly con-
duet It's corporate business and 10 make such
bylaws, rules and regulations as may be
found necessary or desirable for the marriage
7rert and business affairs OF this corpora
ton. and generally 20 do every other act.
matter or thing necessary for the complete
and proper carrying out Of said business.
Article 1.-The doulcIle Of this corporation
shall be In the city OF New Orleans, parish
0f Orleans, State Of Louisiana, where all CT
ratiou and other legal process shall be served
upon the president, or m the absence OF the
president, upon the vice president, or, IN the
absence Of both. upon the secretary.
Article III.-The objects and purposes OF
this corporation are hereby stated and de-
clared % be-
% To buy and sell. can. jar and preserve.
for import and export, oysters. nsh and sea
foods OF all kinds;
~ To hold. own. buy and sell. lease. oper-
ate and otherwise deal in oyster beds;
% To construct, maintain and operate oys-
ter plants and shocking houses, canning.
packing, ice and cold storage plants and fac
tories;
- To buy and SELL a, wholesale or retail,
can. Jar and preserve. vegetables. fruits, edi-
bic grains game and other produce;
- To build, own, lease, and operate for
TIE purposes Of is business. canals, tram
ways, railroads. boats. barges or other con.
yeyarces. both freight and passenger, and all
other machinery and apparatus or parapher-
MALTA necessary or incident thereto.
to1 10 carry on sGCl ctEcE business tFfSI-
tanning 70 canning. packing. buying and sell
ing oysters, fish. fruits. vegetables. edible
grains and other commodities, as may be
necessary or desirable, or such as are gcTcr-
ally engaged IN by corporation Of this KIND
Article IN-The capital stock Of this cor
poration IS hereby Fixed az the sum Of one
hundred and fifty thousand $4,000 dol.
lars divided into one thousand I'VE hundred
Il 800 shares 81 the par value Of one hundred
$1,000 dollars each: provided that the
L = ~. 49, ssrL- ~F . ~H~
po-ation nay be increased shall be two hun
dred and fifty thousand ,S2;0.0ooOJ) dollars.
Fifty per cent Of the capital stock Of this
corporation must be subscribed for before the
sling Of the articles Of Incorporation. me
subscribed capital stock II this corporation
shall be payable in cash. property, real or
personal, or for services Performed or Ter-
dered. w
responsible for the faults, contracts or debts
II this corporation in any further SUN than
the unpaid balance due the corporation on the
shares Of stock subscribed FOR by HIN, nor
shall any mere inf1r-ality m the organization
have the effect Of rendering tnis charter rull
or Of exposing any shareholder 20 any liability
Whatsoever.
This corporation shall not engage in BUSH
ness until fifty thousand SO 5000 dollars
Il the capital stock shall have been issued
and actually paid IN, either IN cash, property
Or services as aforesaid. II any OF the stock
Of this corporation IS exchanged, IN whole or
in part. for property or good will, IN that
event the provisions Of section three 90 Of
Act 267 OF 1914 shall be strictly complied with.
Article E-All the corporate powers Of this
corporation shall be vested IN and exercised
by a board Of directors composed Of nve 80
stockholders, each Of whom shall own. N his
owu right. during his term Of Office, a. least
one full paid. ron-pledgei share Of stock,
which shall be shown BY his written dec,sra-
ti1n. three Of whom shall constitute quorum
for the transaction q business; provided,
the board Of directors are hereby empowered
% increase. IN their discretion. the number
q directors % nine oj, IN which case ave
thereof shall constitute a quorum.
The officers OF tins corporation shall cor
sisc % a president. vicc-preside-t. secretary
ard treasurer, all OF whom shall be members
u the board OF directors Tie Offices Of sec
-eta-y and treasurer may be held. Z desired
By ore and the same pe-s-~-
The following named persons shall corstl
-,.-e the board of director n 'lis corporation
/ to-xit- L II Price. E15 Prytar.a s.: san
uei Michel. 1871 y. D0rger7is s.; E !. NJ
/ chel. no Canal s.: T. o.. Price. Us Prytarti
/ St: Victor : Michel. 1852 y. Dorgerois s.
/ all residents Of New Orleans, Louisiana, w.tl
l. H. Price as president, Samuel Michel a
| vice president. E. J. Michel as treasurer, al
| T. & Price as secretary, and these director
and officers shall serve until the second Mon
dzy in August, 1917, or until their successor