The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
CHARTER OF THE
MICHEL LUMBER & BRICK COMPANY,

INC.
United States of America. State of Louis
lana, Parish of Orleans, City of New
| Orleans.
: Re it known, That on this 9TH day o.
the month of February, in the year o.
II our Lord one thousand nine hundred anC
eighteen, and of the Independence of thu
United States of America, the one hundred
and forty second.
Before me. Arthur A. Moreno. a Notary
Public in and for the Parish of Orleans
State of Louisiana, duly commissioned
and qualified, and in the presence of thu
witnesses hereinafter named and under
signed, personally came and appeared thu
/ following persons whose names are here
unto subscribed, together with the
/ amounts of their respective subscriptions
to the capital stock of the corporation tC
he formed who Seyerally declare that
awaiting themselves of the provisions OF
| the general laws of the State of Louisiana
relative to the organization of corpora
| tons, they have COvenanted and agreed
and do by these presents covenant and
| agree, and bind and Obligate themselves
| as well as such other persons as may be
hereafter become associated with them or
| their successors, to form and constitute
| themselves into Il corporation and body
polite in law, and for the objects and
purposes and under agreements and stip-
| ulatiOnS following tO-wit:
| Article 1.-The name and title of this
corporation shall be Michel Lumber and
| Brick Company, Inc and by that name
| said corporation shall have power and au-
| thOrity to have and enjoy succession for
| the full term of ninety nine years from
| the date hereof; to contract. sue. and be
| sued to make and use corporate seal
| to purchase and receive. lease, hold, sell.
convey. as well as mortgage and hypOthe-
| cate, property, real, personal or mixed ;
| to name and appoint such officers and
! agents as the interest of said corporation
may require; and to make and establish
| such bylaws and regulations for the
proper management and regulation of its
| affairs as may be deemed necessary, and
the same to change and alter at pleasure.
Article 1.-THE dOmicile of said cOrpOr-
! alton shall be in the city of New Orleans.
| State of Louisiana, and all citation and
| other legal process shall be served upon
| the president of said corporation, and,
| in case of his absence. upon the vice
president, and, in case of the absence of
both of these officers, upon the secretary
| thereof.
Article III.-The objects and purposes
| for which this corporation is established
| and tie nature of the business to be car
| ried on by ii are declared to be the man
ufacture and sale of lumber. bricks. &C.
ment, piling. shingles, lathS. moulding
and all kinds of building materials and
to act as agent and represent others in
the sale of such building materials, and
| to do any and all acts and contracts per
tanning to said business of buying and
selling building materials.
| Article lN.-The capital stock of this
.
lars ($20000.OO) divided into two hundred
shares of the par value of $4,000 pei
i share, payable when issued in cash. oil
other property. and may be increased tC
the sum of Fifty thousand $50. 100000 dol.
lars divided into five hundred shares OF
i the par value of $4,000 per share and
| this corporation is TO be a going concern
when One-half of the capital stock has
i been subscribed and paid for. Each share
| of stock shall be entitled to one vote al
all general elections.
| Article V.-NO stakeholder shall ever he
liable or responsible for the indebtedness
| faults. or defaults of this corporation. nor
| shall any mere infOrmality in the organ
iZatiOn of the corporation have any effect
| of rendering the charter null or of eX-
posing the stockholders to any liability
beyond the unpaid balance, if any, on his
| stock subscription. Should any stock
holder desire to sell his stock he shall
/ first offer the same TO the stockholders of
| the company through its Board of Direc-
| tors, and the stockholders who desire to
purchase shall have the right to purchase
the same, in proportion to their holdings
| Of stock in the Company at the price Of
fered by others. Should said stockhold-
ers in seventy-twO hours after notice hav-
ing been given, fail or refuse to purchase
| the stock offered for sale. such stock may
shall be made or held to be valid and
| binding unless made on the books of the
Company, and unless. made in pursuance
of the provisions of this charter.
Article VI.-This corporation shall have
all powers granted to such corporations
/ by law, and shall have the power TO con-
| tract, sue and be sued in its corporate
name, and to own, hold, receive, loan,
lease, purchase, sell and convey or mort
| gage any and all Of its effects, or to n.y.
pOthecate its property, and to do any and
all acts and things of any other kind, ma
ture or description, as may be necessary
to carry out the objects and purposes OF
said business as its interests and convent
ences may require.
| Article VIl.-The business Of said cor
i poration shall be directed by and vested
in Board of Directors composed of three
stockholders, a majority of whom shall
all business, and the said Directors as
first constituted shall be: f. II. Michel
NJ. f.. A.. Michel, II. T. Steffee, and they
shall hold Office until the second Monday
in February, 1919, and on that day and
from each and every day thereafter cleo
tons shall be held annually for directors
at the principal office of the corporation
Failure to hold an election on the day
specified shall not dissolve the corpora
ton, but the directors in office shall hold
their respective office until an election
shall be held after ten days, notice of the
time and place thereof given to each
stOckh0lder. The annual election shall
be held on the second Monday of Febru-
airy, 1919, and thereafter on the second
year, and the directors shall be chosen by
ballot, and the election shall be held be-
tween the hours of ten A. NJ, and four
L. NJ. All vacancies on the Board of Di-
rectors for whatever cause shall be filled
| by the remaining directors. f. II. MI
chel shall be the first President, ii. T.
Stefee shall be the first vice president,
and NJ. L. A. Michel shall be first Secre-
| tary Treasurer and they shall hold office
until the second Monday of February,
| 1919, and each succeeding Board of Di-
rectors thereafter shall elect its principal
officers for the term of their election and
only stockholders shall be eligible for
election as a member of the Board of Di-
| rectOrs.
Article vIII.-whenever this corporation
is dissolved. either by limitation, or for
any other cause. its affairs shall be liqui-
dated by the Board of Directors, who are
hereby vested with full power to sell any
and all assets of the corporation, either
separately or in a mass, and to convey
full and complete title thereto, and shall
have full power to do and perform all
acts necessary and proper to fully and
tribute the proceeds, If any, among the
stockholders of the said corporation to
the amount of stock held by each
Article 1X.-This act of incorporation
may be amended, altered or modified or
this corporation dissolved by a vote of
three-fourths of the shares of the total
amount or stock at meeting convened
for that purpose after ten days notice in
writing mailed to the address of each
stakeholder.
Thus done and passed, in my notarial
Office, in the city of New Orleans, State
OF Louisiana, on the day, month and year
1rst above written, in the presence Of
Louise Wingerter and Azelfe Bennett,
competent witnesses, who have hereunto
signed these presents together with the
parties hereto, and me, Notary after a
reading of the whole.