The herald., 1920-11-18
CHARTER OF THE MIEG-BRADY COM
PANN INCOKPORATED.

Oct. 2S-Dec. 3
CHARTER OF THE MIEG-BRADY COM
PANH INCORPORATED.
United States of America, State of Lou
lslaha, Parish of Orleans, City of New
orleans: BE it known, That on this day,
the thirteenth of the month of October,
IN the year OF our Lord, one thousand,
nine hundred and twenty; and OF the In
dependence of the United States of Ameri-
ca, the one hundred and forty NTH: before
me; Bussiere Rouen, Il notary public, in
and for the Parish of Orleans State of
Louisiana, duly commissioned, sworn and
Quallhed, and in the presence of the wit
nesSes hereinafter named and undersigned
personally came and appeared the several
persons whose names are hereuuto sub
scrlOed, all of the full age of majority
VINO declared that, availiug themselves of
the laws of the State of Louisiana RELATIVE,
10 the organization o. corporations. they
nave cONenanted and agreed and do, BY
these presents, covenant and agree to form.
ana constitute them selves, as well as such
persons as may hereafter become associated
Win them into corporation and body
poiltlc IN law, for the objects and pur-
poses and under the articles. agreements
aud supulations following, to-wit:
ARTICLE THE name, style and title
OF this corporation shall be Meg Brady
company, incorporated. - and under that
name. it shall have and enjoy an the
rights, advantages and privileges granted
by IL" to corporations, and shall exist
Tor the fuil term of ninety nine years from
the date hereof. 1t shall have mower Ia
contract, sue and be sued: to make and
use corporate seal and the same to alter
or break at pleasure; to hold, receive
lease purchase, sell and convey. as well
as mortgage and hypOthrcate and pledge
property, both real and personal and
mixed. cOrpOreal and incorporeal: to name
and appoint such managers. directors of
hcers, agents and other employees as its
interests and convenience may require,
and to make and establish as we'll as to
alter and amend, from time to time such
BYLAWS. rules and regulations as may be
necessary ana eNpedlent for the proper
management and government of the said
corporation.
ARTICLE 1.-THE domiclle of this cor
poratlon Is hereby fixed in the City Of
New Orleans, State OF Louisiana, and all
citations or other legal process shall be
poration, or, in his absence, upon the
Nlce-President, or upon the absence Of
both on the Secretary Treasurer.
ARTICLE III.-The objects and pur-
poses OF this corporation. and the nature
OF the business to be carried on by il, 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
spcCialties; grOcerS. druggists. statiOnerS
and COnfectlORers' goods and merchandise :
general merchandise of every nature. kind
handling goods and merchandise for ac-
count of shippers or owners, with the
right and power to do any or all thing or
Things necessary or connected with, or in
any manner incidental or complementary
to the objects and purposes herein set
forth and above expressed.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
nifty thousand dollars ($5O,OOO.OO); to be
divided into and represented by five hun
dred (5OOD 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 800 each.
No stakeholder of this corporation shall
dispose of any stock in the corporation
without first Offering il to the other stock
holders of record, in writing. at its book
value; and said offer to remain open for
a 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
pOratiOn, and no transfers shall be in any
manner binding on this corporation un-
| less SO entered.
| ARTICLE V.-AII 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; q
ma jOrity of whom shall constitute q
quorum for the transaction of business
Said Directors shall hold not less than
ten shares of the capital stock.
After their election, the members of tbs
| Board of Directors shall elect from theiI
own number, annually, President, a Vice
| President and a Secretary Treasurer.
| The first Board of Directors shall con.
sist Of three 90 stockholders and shall b,
composed OF Henry c. Provost. George +
| Burgess and Henry &. Provost, Jr.; with
| the said Henry c. Provost as President
the said George L. Burgess as Vice. resi
| dent and the said Henry c. Provost, Jr.
as Secretary Treasurer.
| The pOstoffice address of the said hi
| rectors are as follows: Henry c. Provost
| $40 Poydras Street, New Orleans. La.
New Orleans, La, and Henry c. Provost
Jr, Title Guarantee Building, New Or
| leans, La.
These Directors and officers shall serv,
until the third Thursday of October, 1921
or until their successors shall have beer
| duly elected and qualified.
| The annual meeting of stockholders fol
the election Of Directors shall be held OF
/ the third Thursday in October of eacf
year; unless said day be a legal holiday
and then on the next bank day there
aGer.
The election of officers shall be held IL
| 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 beer
| given previously to each stakeholder b!
ed in the postoftice properly addressed t
each stakeholder, as prescribed by law.
| All elections shall be by ballot, and
majority of the votes cast shall elect, anC
| one vote shall be allowed for each shar,
represented by the holder in person or b!
proxy.
| Any vacancy occurring in said BoarC
| 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 Hquida
tors from among their number, at a meet
ing convened for that purpose. after tel
l. days' written notice sent to each stock
holder by mail to his last known address
said nQuidatsrs shall have the authorlt,
to wind up the business and affairs or thi
lcorporation. In case Of death OF either q
said Hquidators, the survivor shall appoin
n stockholder as successor to him.
| ARTICLE VII.-This act OF fncorpora
ton may be modified. changed or altered
or said corporation may be dissolved, wit
the assent Of stockholders owning two
| thirds Of the entire capital stock, at gen
eral meeting of the stockholders convene
for such purpose. after ten days write
notice shall have been given TO each STOCK
holder mailed to him, at his or her Las
known address.
| ARTICLE yIII-No subscriber Tor stoa
shall ever be held liable for the contracts
faults or debts Of said corporation in an
further sum than the unpaid balance,
any due the corporation on the stock I
which he has subscribed nor shall an
stockholder ever be held liable for sue
sum than the unpaid balance, if any, o
the stock owned by him. nor shall an
mere informality in organization have tn
| effect of rendering this charter null, o
| rendering any subscriber liable beyon
the unpaid amount If any, remaining du