The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-21
CHARTER OF THE
MICHEL LUMBER & BRICK COMPANY,

United States of America. State of Louis
lana. Parish of Orleans, City OF New
| Orleans.
Pc il known. That on this eth day of
| rh,. month of February in the wear of
| our Lord one thousand nine hundred and
eighteen. and of the Independence OF the
! United states Of America. the one hundred
| and forty second.
| Before me Arthur \ Moreno a Notary
! Public in and for the Parish of Orleans.
Stat. OF Louisiana. duly commissioned
and qualified. and in the pre>enc" OF the
witnesses hereinafter named and under
| signed. personally cam" and appeared the
following persons whose names ara here
| unto subscribed. together with the
amounts of their respective subscriptions
| 20 the capital stock OF the corporation 70
| be 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
| tiOn<. they have CoVeuanted and agreed.
and do by these presents covenant and
agree. and bind and ObliEate them selves.
a. well such other persons "a may be
hereafter become associated with them or
their successors. to form and constitute
themselves into a corporation and body
polite in law. and for the objects and
purposes and under agreements and Stip-
ulatiOnS following tO-wit:
Article 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 a corporate seal ;
10 purchase and receive. lease. hold. sell.
| convey. a. well a mortgage and hEpOthc-
| cate. property. real. personal or mixed ;
| 70 name and appoint such officers and
agents 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 purpose.
for which this corporation i established
and tie nature of the business 10 be car
ried on by it are declared TO be- the man
ufacture and sale of lumber. bricks. &c
ment. piling. shingles. lathS. moulding
and all kinds of building materials. anC
TO act as agent and represent others il
/, the sale of such building materials. an'
To do any and all acts and contracts per
| tanning to said business of buying ant
selling building materials.
Article lN.-The capital stock OF tht
! corporation shall be Twenty thousand dol
lars (S20.UO0OO) divided into two hundre'
II shares of the par value of $4,000 pc
: share payable when issued in cash, o
| other property. and may be increased &
the sum Of Fifty thousand t$OOCOOO) dol
lars divided into five hundred shares o
q, the par value of $4,000 per share. an
this corporation is TO be a going COncerl
when One-half of the capital stock ha
i been subscribed and paid for. Each shar
of stock shall be entitled 10 one vote a
all general elections.
: Article V-NO StOckholder shall ever b
: liable or responsible for the Indebtedness
faults. or defaults of this corporation. no
shall any mere informality IN the organ gan
ization of the corporation have any effec
: of rendering the charter null or of eN
: posing the stockholders to any LIABILITY
E beyond the unpaid balance. if any, on hi
holder desire TO sell his stock he shall
frst offer the same TO the stockholders o
the company through its Board OF Direc
tors. and the stockholders who desire {
purchase shall have the right TO purcha>
the same. in proportion TO their holding
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 purchas
the stock offered for sale, such stock ma
{ he sold to any one. No transfer OF stoc
q shan he made or held to be valid an
binding unless made on the books of tn
y Company. and unless made in pursuanc
|, of the provisions of this charter.
n Article VI.-This corporation shall hay
n all powers granted to such corporation
by law. and shall have the power TO cor
! tract, sue and be sued. in its corporal
r name and TO own, hold. receive, LOAF
j. lease. purchase. sell and convey or mort
5 gage any and all of its effects, or TO h!
\ pothecate its property. and TO do any an
e all acts and things of any other kind. ns
5 ture or description. as may be necessar
e to carry out the objects and purposes
'e said business as its interests and conven
? ences may require.
Article VII.-The business of said co
d poratiOn shall he directed by and yestt
? in Board of Directors composed of thr'
d stockholders. a majority of whom shs
ID constitute a quorum for the transaction
atI all business. and the said Directors
II first constituted shall be: f. II. Mich,
p VI. f. A. Michel. II. T. Steffee, and tbs
in shall hold office until the second Monds
N in February, 1919, and on that day al
p from each and every day thereafter ele
tions shall be held annually for directo
.r at the principal office of the cOrporatio
n Failure to hold an election on the ds
" specified shall not dissolve the cOrpOr
n ton. but the directors in office shall no
\ their respective office until an electiC
- shall be held after ten days notice of q
= time and place thereof given to ea'
a. stoGkh9lder. The annual election Sha
airy. 1919 and thereafter on the secOI
b. Monday of February, of each succeedil
- year, and the directors shall be chosen
ballot, and the election shall be held b
- tween the hours of ten 4. NJ, and TO
." i. NJ. All vacancies on the Board OF i
u rectors for whatever cause shall be tll'
by the remaining directors. f. II. N
iee chel shall be the first President, H.
ID Steffee shall be the first vice-presider
~ and VI. f. \. Michel shall be first Seer
We tary- Treasurer and they shall hold off
IS until the second Monday of Februar
rs 1919 and each succeeding Board of L
L. rectOrs thereafter shall elect its princip
re officers for the term of their election, al
IS only stockholders shall be eligible f
4 election as a member of the Board of i
ly rectOrs.
lie Article VIII-Whenever this corporate
III is dissolved. either by limitation, or +
n any other cause. its affairs shall be liqU
Sc dated by the Board of Directors, who a
e, hereby vested with full power to sell al
IL and all assets of the corporation, eth
<. full and complete title thereto, and sh;
s aase 5g and to Pe f4J al
y completely liquIar Purp- affairs and di
" tribute the pro, ANY. among Z
tho s%dSS, Of Of bS eaS5
" Article IX.-ThnOrot of incorporate
:. may be amended. al red or modified,
ii this corporation dissolved by a vote
IA hree-fourths Of the shares of the tot
on amount of stock at "a meeting cOnven
il. for that purpose afte1 ten days notice
y. writing mailed to the address Of ca
- stakeholder.
10 Thus done and passed, in my notar
- Office. in the city of New Orleans, Sta
- of Louisiana, on the day, month and ye
g first above written, in the presence
W Louise Wingerter and Azelie Benne
M signed these presents together with I
81 parties hereto. and me, Notary, after
reading of the whole.
IN Witnesses: Azelie Bennett, Louise W