The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
January 10th, 1918.
CHAR
OF C. MICHAELIS & CO., INC.

CHARTER
OF G. MICHAELIS & CO., INC.
State. Of Louisiana, Parish of Orleans, City
OF New Orleans.
Be it known. That on this sixteenth day
Of the month Of January in the wear one
thousand nine hundred and eighteen Q9ls', |
Before me, Bernard Titche, a notary public /
duly commissioned and qualified in and for
the Parish OF Orleans, and in the presence
OF the witnesses hereinafter named, person. |
ally came and appeared the several persons
hereinafter named and undersigned, all res
ldents OF the City of New Orleans, and all
OF the full age OF majority, who severally
declared that, availing 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. Michaelis & Company,
Inc.
Article 1.-THE purposes and objects for
which this corporation is organized, and the
nature OF the business to be carried on by
1t are declared to be follows:
10 carry on the business OF retail dealers
: =
etc. The carrying on the business of pawn
brokers, pledge and loan business, and TO
deal at retail in merchandise generally as
may be deemed advantageous.
Article lII.-The capital stock of this COM
pany is fixed at the sum of twenty-five
| thousand tS25,00000 dollars, divided into two
hundred fifty (250 shares of the par value of
one hundred $4,000 dollars each, to be paid
for 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
/ to the existing shareholders through the Board
| 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
ton shall be the City of New Orleans, State
OF Louisiana, where all citation or other
legal process shall be served on the Presi-
dent, or, IN his absence, on the secretary.
or secTetary-treasurer.
Article N.-This corporation shall have and
enjoy succession and duration for the period
OF Ninety-Nine years from the date hereof.
Article N1.-All the corporate powers of this
corporation shall be vested in and exercised
by a Board of Directors which shall be
composed of not less than three 90 directors
OF whom the majority shall constitute quo
January IS, 1919. the following named persons
shall constitute the Board of Directors
namely: Gustav Michaeis. No 27ls Milan
Street. Samuel NJ Mayer, No. $40 Prytania
Street.
Thereafter the Board of Directors shall be
composed OF stockholders who shall be elect
ed annually beginning with January IS. 1919
Any stockholder shall be eligible to the
membership of the Board without regard 10
the number of shares owned by him. Ali
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 Board
OF Directors on January 18th, 1919. or there
after. shall not work as a forfeiture of this
charter, but the old Board of Directors shall
remain in Office until their successors are
elected and qualified
! 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 to
| its knowledge.
! The first Board of Directors under this
Charter shall be required to draft suitable
set of bylaws, which bylaws may be altered,
amended or changed as the exigencies of the
| case may require.
Article VII.-The officers of this corporation
shall consist of President, Vice-President
and SecretaryTreasurer, each of whom with
the exception of the Secretary, must be
stakeholder 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 1912
the follow ng named persons shall be the
officers of the Company, to-wit: Gustav
Michaehs, 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.
| The incorporators hereof have placed oppo-
site their respective signatures the number
of shares of the capital stock for which each
have subscribed, which is TO be taken and
considered as the original subscription list
of this corporation, and to be recorded as
such.
Thus done and passed, at my Office at the
| City of New Orleans, on the day, month and
year first above written. In the presence of
Victor X Kan and Edwin F. Adams, wit
nesses of lawful age, residing in this city,
who, together with said appearers and me,
notary, have signed their names, after due
Original Signed: Gustav Michaelis, 7ls
Milan ST.. lis shares: s. NJ. Mayer s346
Prytania ST.. ia shares; Mrs. s. NJ. Mayer,
5346 Prytania ST.. 10 shares; Mrs. Gustav
Michaelis, 271s Milan ST., 10 shares Joseph
Witnesses: Victor X Kiam. Edwin F. Adams
BERNARD TITCHE, Not. Pub
| I, the undersigned Recorder Of Mortgages.
in and for the parish of Orleans, State Of
| Louisiana, do hereby certify that the above
and foregoing. Act of Incorporation. OF the
G. Michaelis & Company, Inc, was this day
duly recorded in my Office, in Book 1919.
Folio 2l7.
New Orleans JAM q, 1918
(SigneD EMILE ]. LEONARD, by. R.
/. the undersigned Notary, hereby certify
of the original charter of G. Michselis &