The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-07
January 10th, 1918.
CHARTER
DE T. NTCHY
OF G. MICIIAELIS & Co, INC.
tate of Louisiana. Parish of Orleans, City

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 year one
thousand nine hundred and eighteen 09l8), !
Before me, Bernard Titche, 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
idents 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.
which this corporation is organized, and the
nature OF the business to be carried on. by
1t are declared to be follows:
To carry on the business of retail dealers
in jewery. Silverware. bric-a-brac, ornaments,
etc The carrying on the business of pawn
I
deal at retail in merchandise generally as
may be deemed advantageous.
Article lTI.-The capital stock of this COM
pany is fixed AT the sum Of twenty five
thousand Cs25,OOoOO) dollars. divided into two
hundred fifty (2SO) shares of the par value OF
one hundred $4,000 dollars each, 10 be paid
for in cash or its equivalent in property. No
stakeholder shall ever sell 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
| 10 purchase said stock, at its book value in
prc'r-"nce 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 other
| legal process shall be served on the Presi-
| dent, or. in his absence. on the secretary,
| or Secretary-treasurer.
Article V.-Ths 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 a Board of Directors which shall be
composed of not less than three CD directors
of whom the majority shall constitute quo
rum for the transaction of business. Until
January Is 1919, the following named persons
shall constitute the Board of Directors,
namely: Gustav Mchaelis. No. 271s Milan
Street Samuel NJ. Mayer, No. $40 Prytania
Street Joseph Goldstein, No. 7445 Maple
Street.
| Thereafter the Board of Directors shall be
composed OF stockholders who shall be elect
ed annually beginning with January IS. 1919
Any stakeholder shall be eligible to the
membership of the Board without regard &c
the number of shares owned by him. Al
elections shall be by ballot, and each stock
holder shall be entitled TO one vote fo
each share of stock standing in his nam,
on the books of the corporation: the vot,
! to be cast in person or by proxy; il shall
require majority of stock present or re
presented to elect. Failure TO elect Boar
of Directors on January 18th, 1919, or there
after, shall not work as forfeiture of thi
charter, but the old Board of Directors shall
remain in Office until their successors ar
elected and qualified.
Any vacancy occurring in the Board o
Directors either from death, resignation o
> inability to serve, shall be filled by TIL
Board of Directors at its next meeting, afte
n such vacancy shall have been brought t
its knowledge.
The first Board of Directors under thi
Charter shall be required to draft a suitabl
set of bylaws. which bylaws may be altered
/ amended or changed the exigencies of III
! case may require.
: Article VII.-The officers of this corporatio
, shall consist of President. Vice-Presider
and Secretary Treasurer, each of whom wit
the exception of the Secretary, must be
: stakeholder. The Offices of Secretary an
( Treasurer may be held by one and the sam
e person. The officers shall be chosen by til
u Board of Directors. Until January 18th. 1911
:; the following named persons shall be III
q officers of the Company. to-wit: Gusta
J Michaelis, President Joseph Goldstein. Vic
y President; Samuel NJ Mayer, Secretary an
n Article VIII.-This Charter may be altere
:. or amended in any manner including II