The herald., 1918-02-14
January 10th, 1918.
CHARTER
OF G. MICHAELIS &.

! OF u. MICHAELlS & CO., INC.
State. Of Louisiana, Parish of Orleans, City
/ of New Orleans.
! Be 1t known, That on this sixteenth day
OF the month of January, in the year one
| thousand nine hundred and eighteen C1oISC
! Before me, Bernard Titche, a notary public
| duly commissioned and qualified in and Tor
! the Parish of Orleans, and in the presence
on the witnesses hereinafter named, person
ally came and appeared the several nersons
| hereinafter named and undersigned, all res
| idents OF the City of New Orleans, and ali
| OF the full age of majority, who 'severally
declared that, avaling themselves of the laws
| OF the State of Louisiana, and particularly OF
| the provisions of the Act No 267 of the
! General Assembly of 1914, relative to the
| formation OF corporations, they have cove
nanted and agreed, and by these presents
do covenant and agree for themselves, their
successors and assigns, to form themselves
| INTO a corporation and body polite for the
/ OBJECTS and purposes and under the stipu.
lations following:
Article 1.-The name and title of this cor
Poration shall be G. Michaeis & Company,
Inc. P"1''
Article 1.-THE purposes and objects for
Whlch TINS corporation is organized and the
nature OF the business to be carried on by
| 1t are declared to be as follows
To carry on the business of retail dealers
IN jewelry, silverware, bric-a-brac, ornaments,
etc; The carrying on the business of pawn
| business, and Ia
deal at retail in merchandise generally as
| may be deemed advantageous.
| Article lII.-The capital stock of this COM
| pany IS liked at the sum of twenty-five
thousand (S25,OoOO) dollars, divided into two
hundred nifty l2SO shares of the par value of
one hundred $4,000 dollars EACH to be paid
Tor IN cash or its equivalent in property. No
| stakeholder shall ever sell or ever transfer
the stock owned and held by him or any
part thereof without first offering the same
tn q nSha Ill IL
| OF Directors at the book value of said stock.
the existing shareholders, through the Board
to purchase said stock, at its book value in
preference to any other stock transfer
! Article IV.-The domicile of the corpora-
tion shall be the City of New Orleans. State
of Louisiana, where all citation or othe,
legal process shall be served on the Presi.
dent, or, in his absence, on the secretary.
or secretary-treasurer.
Article V.-This corporation shall have and
enjoy. succession and duration for the period
OF NinetyNine years from the date hereof
Article VI.-All the corporate powers Of This
corporation shall be vested in and exercised
by Board of Directors which shall be
composed OF not less than three (0 directors
OF whom the majority shall constitute a quo
rum for the transaction of business. Until
January Is. 1919, the following named person.
shall constitute the Board of Directors.
namely Gustav Michaelis, No. 27ls Milan
Street. Samuel NJ. Mayer, No S346 Prvtania
Street -'0 ''' maple
Thereafter the Board of Directors shall be
composed Of stockholders who shall be elect
cd annually beginning with January IS, 1919
ANY stakeholder shall be eligible to the
membership Of the Board without regard 70
the number of shares owned by him All
elections shall be by ballot, and each stock
holder shall be entitled TO one vote for
each share of stock standing in his name
on the books of the corporation. the vote
TO be cast IN person or by proxy; it shall
require majority of stock present or re-
presented TO elect Failure to elect a Board
OF Directors on January 18th, 1919. or there
atter, shall not work a forfeiture of this
charter, but the old Board of Directors shall
remain IN office until their successors are
elected and qualified.
Any vacancy occurring in the Board of
Directors either from death, resignation or
inability TO serve, shall be filled by the
Board of Directors at its next meeting. after
such vacancy shall have been brought 10
its knowledge.
The first Board of Directors under this
Charter shall be required to draft suitable
set of bylaws, which bylaws may he altered.
amended or changed as the exigencies of the
case may require.
Article VII.-The officers of this co-porat;on
shall consist OF President, Vice-President
and Secretary-Treasurer, each of whom with
the exception of the Secretary, must be
stockholder. The Offices of Secretary and
Treasurer may be held by one and the same
person. The officers shall be chosen by the
Board of Directors. Until January 18th. 1919,
the following named persons shall be the
officers of the Company. to-wit: Gustav
'Michaeis, President; Joseph Goldstein. Vice
President; Samuel NJ. Mayer, Secretary and
Treasurer
Article VIII.-This Charter may be altered
or amended in any manner including the
increase or decrease of its capital stock. and
the affairs Of the corporation wound up. and
the corporation itself dissolved in the manner
and on complying with the existing laws.
Ihe ineorporators hereof have placed oppo-
site their respective signatures Che numb.r
of shares of the capital stock for which each