The herald., 1920-12-02
'CHARTER OF THE MIEG-BR,Dy COW
FANN INCORHNR ATEn

CHARTER OF THE MIEG-BRADY COM
: PANl INCORPORATED.
! United States of America STATE Of 7 ou
fiSlaha' Parish of Orleans, City of New
Sorieans: BE it known, That on this day,
Gne thlrteehth OF the month of October
~ the year OF our Lord, one thousand
pine hundred and twenty: and OF the In
dependence of the United States of Amrri-
ga, the one hundred and forty-hfth before
lhe, Bussiere ROuen, a notary UuhIic in
and for the Parish of Orleans Stat of
Louisiana, duly commissioned, sworn and
s@uAIlhed, and in the presence of The. Wit
iHessts hereinafter named and undersigned
personally came and appeared the several
persons whose names are hrrrUnto sui
iscrlDed, all Of the fun age of majority
i"AO declared that, ayailiug Themselves of
.tHe laws OF the State of Louisiana relative
10 the organization OF coruoratioDS tL.y
nave CONendnted and agreed and do ~
ines" presents, covenant and agree. TO form
'"hu constitute themselves. as well as such
.Ptrs sons as may hereafter become associated
win them, into a corporation and body
pOiltlc in law, for the objects and mr.
poses and under the articles. agreement,
ana Stpuiauons following, to-wit:
ARTICLE 1.-The name, style and title
OF this corporation shall be Meg Brady
'oM@any, Incorporated" and under that
name. II shall have and enjoy AN Tho
rlshts' advantages and privileges granted
" IA" 10 corporations, and shall exist
iVr the Iuu term Of ninety nine years from
N''N' 44'''oi. IL SAdll nave power TO
contract, sue and hc sued: TO maxi, and
use a corporate seal and the same to alter
or break at pleasure. to hold receive
''ase' purchase. sell and convey. as well
as mortgage ana hypOthecate and pledge
property, both real and personal and
mixed, cOrpOreal and incorporeaI: TO name,
ana appoint such managers, directors of
nCtrs, agents and other employees as its
interests ana convenience may require.
ana TO make and establish as well as 10
AFTER ana amend, from time to time surh
bylaws, rules and regulations as may be
necessary and eXpedient for the uropcr
management ana government of the said
corporation.
ARTICLE 1.-THE domicile of this cor
2oratlon is hereby fixed in the City of
New Orleans, State OF Louisiana, and All
SItau9hs or other legal process shall be
served upon the President of the said cor
Poration, or. in his absence, upon the
wee President, or upon the absence of
both on the Secretary Treasurer
ARTICLE IlI-The objects and pur-
poses OF this corporation. and the nature
u the business 10 be carried on by it, are
hereby declared TO be: To purchase and
sell wooden and willOw-ware, broomS
paints. brushes, cOrdage, paper. store and
hOuse furnishing goods, glassware. Irvine
hardware, crOckery, rubber and leather
specialties; grOcerS. druggists, stationers
ana cOnfectiOners goods and merchandise.
general merchandise of every nature kind
or description; also to act as agent in
count OF shippers or owners with the
right and power TO do any or all thing or
thlhSs necessary or connected with, or in
any manner incidental or complementary
10 the objects and purposes Herein set
forth and above expressed.
ARTICLE IV.-The capital stock of this
corporation Is hereby fixed al the sum of
NIFTY thousand dollars 1850. OOOO O): to be
divided into, and represented by five hun
dred tJOO) shares of the sum of one hun
dred dollars each leach 100000, payable
In cash or its equivalent.
The capital stock OF this corporation
may be Increased to the sum of one hun
dred and fifty thousand dollars, divided
into shares of 500 each.
NO stakeholder of this corporation shall
dispose of any stock in the corporation
without hrst Offering it 10 the other stock
holders OF record, in writing. at its book
value; and said offer to remain open for
period of thirty days
All transfers Of shares of the CAPITAL
stock of this corporation shall be made
and entered on the stock book of the cor
pOratlon, and no transfers shall be in any
manner binding on this corporation un-
less so entered.
ARTICLE V.-All the corporate powers
Of this corporation shall be exercised by,
and vested in. Board of Directors, COM
posed Of not less than three stockholders,
and not more than five stockholders; a
majority OF whom shall constitute a
quorum for the transaction of business
ten shares of the capital stock.
After their electiss. the members of the
Board OF Directors shall elect from their
own number, annually, a President q Vice
President and a Secretary Treasurer
The first Board of Directors shall con-
sist of three (3) stockholders and shall be
composed of Henry c. Provost. George +.
Burgess and Henry c. Provost Jr.; with
the said Henry c. Provost as President.
the said George +. Burgess as Vice Presi-
dent and the said Henry c. Provost, Jr..
as Secretary Treasurer.
The poStofhce address of the said Di-
rectors are as follows Henry c. Provost.
$50 Poydras Street. New Orleans, La
George +. Burgess, 325 Magazine Street.
New Orleans. La, and Henry c. Provost,
Jr., Title Guarantee Building, New Or
These Directors and officers shall serve
until the third Thursday of October, 1921.
or until their successors shall have been
duly elected and qualified.
The annual meeting of stockholders for
the election Of Directors shall be held on
the third Thursday in October of each
year; unless said day be legal holiday,
and then on the next bank day there
a1er.
The election of officers shall be held in
the office of the corporation, under the sup
ervision Of two commissioners appointed
by the Board Of Directors. Fifteen days
notice OF such election shall have been
given previously to each stakeholder by
the Secretary Treasurer, by letter deposit
ed in the postoffice properly addressed to
each stakeholder, as prescribed by law.
All elections shall be by ballot, and a
majority OF the votes cast shall elect, and
one vote shall be allowed for each share
represented by the holder in person or by
proxy.
Any vacancy occurring in said Board
from any cause shall be filled for the un-
expired term by the remaining Directors.
ARTICLE Win the event of the liqui-
dation or dissolution of this corporation,
the stockholders shall elect two Gquida-
tors from among their number, at a meet
ing convened for that purpose, after ten
days written notice sent to each stock
holder by mail to his last known address :;
said liquidatsrs shall have the authority
to wind up the business and affairs OF this
corporation. In case OF death of either
said liauidators. the Survivor shall appoint
a stakeholder as successor to him.
ARTICLE VII.-This act Of incorpora-
or said corporation may be dissolved, with
the assent of stockholders owning two
thirds OF the entire capital stock, at q gen
eral meeting of the stockholders convened
for such purpose. after ten days written
notice shall have been given to each stock
holder mailed to him, at his or her Last
known address.
ARTICLE VIII-No subscriber for stock
shall ever be held liable for the contracts,
faults or debts of said corporation in any
further sum than the unpaid balance, II
any, due the corporation on the stock to
which he has subscribed nor shall any
stockholder ever be held liable for such
contracts, fault or debts in any further
sum than the unpaid balance, If any, on
the stock owned by him, nor shall any
mere informality in organization have the
effect Of rendering this charter null, or
the unpaid amount, If any, remaining due
or his stock.