The herald., 1918-03-28
CHARTERS.
CHARTER OF THE Gov

MICHEL INC.
states of America, state OF LOUIS
Crited parish of Orleans, City OF New
0rlesn sown. That on this 9TH day OF
Re Of February, in the year OF
the nonin thousand nine hundred and
Sur Doro nd of the Independence of the
dgbteeSS; States of America, the one hundred
Cnn1fo forty second ,Iorono Notorv
BLOT IN and for the Parish OF orleans;
Pubne Touisiana, duly commissioned
safe oi,,sed and in the presence OF the
nd qu hereinafter named and under
sitnesses rsonally came and appeared the
sgneo, nersOns whose names are here
iOlowinss hSrribed, together with the
uDto - ~ their respective subscriptions
inoun'e snital stock Of the corporation 10
% pse,med, who severaliy deClare that,
be ior" themselves of the provisions OF
sraillbs ii laws of the State of Louisiana,
he GENRE the organization of corpora
rlst'e 80 have cOveDanted and agreed,
t0Ds, these presents covenant and
and az nd hind and Obligate themselves,
sgreu as such other persons as may De
s,a, become associated win them or
lsai, successors, to form and co1St hI'
bell .,yss into a corporation ana BODY
tbellse, n law. and for the objects and
penU and under agreements ana Sup
pen1ggons following to-wlt: .,.,. ~,
ulsnynIo THE name and title or this
Ana,;on shall be Michel Lumber and
toiPSS Company, Inc and by that name
Bfek .onraticn shall have power and au
a 40 w. "a have and enjoy succession for
honag!, term of ninety nine years from
be .s,a hereof: to contract, sue, and be
ne uA make and use corporate seal;
Sea, ahose and receive, lease, hold, sell,
pS as well as mortgage and hypOthe-
ee .n property, real. personal or mixed
a's sms and appoint such officers and
Ia az the interest of said corporation
isenIs and to make and establish
p2 hy-Iaws and regulations for the
saen Management and regulation of its
plvpu as NAV be deemed necessary, and
,1si ls,,a 10 change and alter at pleasure.
D. ..,;cle 1.-THE domicile of said corpOr-
az. shall be in the city of New Orleans,
s. of Louisiana, and all citation ana
~ w.. legal process shall be served upon
ana ,,esident of said corporation, and,
f .iss Of his absence, upon the vice
ISant and. in case of the absence of
IN N these officers, upon the secretary
at ,rt;eje III.-The objects and purposes
q. rhich this corporation Is established.
~ ~ an nv Il are declared to be the man
~ and sale of lumber, bricks, ce-
US, nIling, shingles, laths, moulding,
n "a III kinds of building materials, and
.I ,ct as agent and represent others in
y. ale of such building materials, and
!. IA sny and all acts and contracts per-
,,,siae 10 said business of buying and
.siiar building materials.
..,els IV.-The capital stock of this
taxation shall be Twenty thousand dol
~, CssO.OOOOO) divided into two hundred
I.,sS 81 the par value of $4,000 per
49, nayable when issued in cash. or
s1er property, and may be increased to
~ mn Of Fifty thousand (S5O,OOO.O0) dol
IN, divided into tye hundred shares OF
4, mar value of $4,000 per share, and
M, corporation is to be going concern
ss,u oue-half of the capital stock has
1..a subscribed and paid for. Each share |
4 stoek shall be entitled to one vote at |
ii general elections.
irtice V.-No stakeholder shall ever be |
H,hs or responsible for the Indebtedness, |
,,Slts ar defaults of this corporation, nor |
All any mere informality in the organ
sstiOa Of the corporation have any effect |
4 rendering the charter null or of ex- |
0ssinr the stockholders to any liability |
xyopd the unpaid balance, If any, on his |
scek subscription. Should any stock |
alder desire to sell his stock he shall |
irt offer the same to the stockholders of |
~ company through its Board of Direc-
or, and the stockholders who desire to
vurrhase shall have the right to purchase
n sane, In proportion to their holdings |
4 ,tock in the Company at the price Of
IND By others. Should said stockhold-
r, in seventy-two hours after notice hav-
M been given, fail or refuse to purchase
ns stock offered for sale, such stock may
h sold to any one. No transfer of stock
sh,E be made or held to be valid and
bhding unless made on the books of the
Company, and unless made in pursuance
d tie provisions of this charter.
Article vI.-This corporation shall have
Ill powers granted to such corporations
g law, and shall have the power to con-
tnd. sue and be sued, in its corporate
nne, and to own, hold, receive, loan,
as, purchase, sell and convey or mort
nge any and all of its effects. or to ny
Isiseste Its property, and to do any and