The herald., 1920-11-04
CHARTER OF THE MIEG-BRADY COM
PANY INCORPORATED.

CHARTER OF THE MIEG-BRADY COM
PANY INCORPORATED.
United States of America, State of Lou
tsiana, Parish of Orleans, City of New
Orleans: Be II 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 fifth: before |
me, Bussiere Rouen, a notary public. in |
and for the Parish of Orleans. State of !
Louisiana, duly commissioned, sworn and |
qualified, and in the presence of the wit |
nesses hereinafter named and undersigned, |
personally came and appeared the several |
persons whose names are hereuntO sub |
scribed, all of the full age of majority. |
who declared that, aVailing themselves OF |
the laws of the State OF Louisiana relative |
TO the organization OF corporations. they |
have coVenanted and asreed,anG do, by |
these presents, covenant ana agree TO form. |
and constitute them SelyeS, as well as such |
persons as may hereafter become associated |
with them, into corporation and body |
polite in law, for the objects and pur-
poses and under the articles. agreements
and stipulatiOus following, to-wit:
ARTICLE 1.-The name. ssyle and title
OF this corporation shall be "Micg- Brady
Company, Incorporated" and under that
name, II shall have and enjoy all the
rights advantages and privileges granted
by law to corporations, and shall exist
for the full term of ninety nine years from
the date hereof. 1t shall have power TO
use a corporate seal, and the same TO alter
or break at pleasure; TO hold. receive.
lease, purchase, sell and convey, as well
as mortgage and hypOthecate and pledge.
property, both real and personal ana
mixed, corporal and incOrporeal: to name
and appoint such managers. directors. OF
hccrs, agents and other employees rs it,
interests and convenience may require.
and to make and establish, as well ~ 10
alter and amend, from time TO time. such
bylaws. rules and regulations as may be-
necessary and eNpedient for the proper
management and government of the said
corporation.
ARTICLE 1.-THE domicile of this cor
pOratiOn is hereby fixed in the City OF
New Orleans, State o. Louisiana, and all
citations or other legal process shall be
porauon, or in his absence, upon the
Vice President, or upon the absence Of
both on the Secretary Treasurer.
ARTICLE IH.-The objects and pur-
poses of this corporation. and the nature
OF the business to be carried on bV 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
and cOnfectiOners' goods and merchandise :
general merchandise of every nature, kind
or description; also to act as agent in
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 (S50,OO0.O0); TO be
1 divided into, and represented by tive hun
| dred t5OO) 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 II to the other stock
holders of record, in writing, at its boob
value; and said offer to remain open fol-
la period of thirty days.
| All transfers of shares of the capita
stock of this corporation shall be mad,
and entered on the stock book of the cor
poration, and no transfers shall be in an!
manner binding on this corporation un
. less so entered.
: ARTICLE VAN the corporate power
OF this corporation shall be exercised by
and vested In, Board of Directors, com
posed Of not less than three stockholders
; majority OF whom shall constitute
!, quorum for the transaction of business
: Said Directors shall hold not less tha
ten shares of the capital stock;
After their election, the members of tn
Board Of Directors shall elect from thei
! own number, annually, President, 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 c. Provost, Jr.; wit
q the said Henry c. Provost as Presiden
= the said George z. Burgess as Vice-Presi
y dent and the said Henry c. Provost, Jr
las Secretary Treasurer.
The postofice address of the said ID
y rectors are as follows: Henry G. Prevos
7 $50 Poydras Street, New Orleans. La
I | George Is. Burgess, 325 Magazine Stree
> New Orleans, La, and Henry c. Preyos
= Jr.. Title Guarantee Building, New D
e These Directors and officers shall serN
y until the third Thursday of October, 1872
- or until their successors shall have bee
: duly elected and qualified.
The annual meeting Of stockholders II
:, the election of Directors shall be held c
- the third Thursday in October OF eaC
y year; unless said day be a legal holida
- and then on the next bank day Their
! ater.
a. The election of officers shall be held
the Office of the corporation, under the SUI
N eryision of two commissioners appolnt'
~ by the Board Of Directors; Fifteen day
pr notice Of such election shall have be,
= | given previously to each stakeholder
- the Secretary Treasurer, by letter deposi
y ed In the postofhce properly addressed
Is All elections shall be by ballot. and
" majority of the votes cast shall elect. al
9l one vote shall be allowed for each sha
: represented by the holder in person or
a proxy. -, n,
"a from any cause shall be hlled for the u
~ expired term by the remaining director
FL ARTICLE Win the event or the nql
- dation or dissolution Of this corporate
~ the stockholders shall elect two liquid
~ tors from among their NUMBER at me-
ba ing convened for that purpose, after !
~ DAYS written notice sent to each stoc
&c holder by mail to his last known adore,
~, said liQuidators shall have the authorl
on to wind up the business and anaiFs ,, on q
81 lcorporation. In case Cd death or either
On said Hquidators. the survivor shall appol
~ n stakeholder as successor to MIN.
IN ARTICLE vII.-This act OF incorpol
-, tion may be modified. changed or alter
~, or said corporation may be dissolved, W
NJ NJ the assent of stockholders owning "
W thirds of the entire capital stock, at g
re- aral meeting Of the stockholders CONVEX
pc for such purpose after ten days writ
,e notice shall have been given to each sto'
IA IA holder mailed to him, at his or her !
- known address.
IN ARTICLE yIII-No subscriber for stC
" shall ever be held liable for the contraC
nj faults or debts of said corporation IN
"a further sum than the unpaid oalance'
&c which he has subscribed nor shall 8
- stakeholder ever be held liable for 81
'on contracts, fault or debts in any furt
iaI sum than the unpaid balance, II any,
~. the stock owned by him, nor shall
mere informality In organization have
~. effect of rendering this charter null,
10 rendering any subscriber liable bey'
- the unpaid amount, II any, remaining
q on his stock.
or ARTICLE IX.-This corporation is