The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-11
CHARTER OF THE MIEG-BRADN COM
PANN INCOKPOKATED.

HAN OF IliE MEG BR ADA COM
PANl INCORPORATED.
United States of America, state Of Lou
lsldud Parish of Orleans City OF New
Orleans. BE ii known. That on this day.
tNc thirteenth Of the month Of October.
IN the year of our Lord, one thousand.
nine hundred and twenty. and o. the In
dependence Of the United States of Amrri-
ca. the one hundred and fOrty-hfth. before
me- n,', hsuaairre Eouen' notary public, IN
ana Tor the Parish Of Orleans State OF
Louisiana, duly commissioned sworn aud
qualified. and IN the prcsrnr" OF the wit
heeNrs hereinafter named and undersigned,
personally came AMI appeared IN. several
persons who's" names are hrr"uutO sub
o'rIbcl, all Of Ia" fun age of majority.
VINO declared that, awaiting themselves OF
'h' laws OF IN" state OF Louisiana relative
To The Organization o. corporations thee.
nav" cOyruantrd and agreed. and DO. hy
lh"s" presents. covenant and agrp. to form.
ana constitute themselves. as well aS S.r.
persons as may hereafter become associated
Win them. into corporation and body
poAtic IN law. for the hitrt~ and Uur.
poses aud under the articles. agreements
and suIuau"u> following, to-vIl.
ARTICLE J. The name. ,ly.r and rirl.
OF iAi0 corporation shall b" Meg Brady
Oh. IdL3, Incorporated. " and under that
name II shall have and enjoy ALI rur
t!EHtS. aaFani"-,- ana privileges granted
~ ~" 10 corporations and shall exist
l"F tAr iuli term OF ninety MIN. years from
the tat" hereof. Il shall have power 10
contract. I'll" ..8 Do" sued. Goo MAXI. and
Use corp0rIt, seal aud the same 10 alter
or break AT pleasure. 10 hold. receive.
lease. purchase. sell and convey. as well
as Ios.-J-r and hypUtu..1lD and pIrG-.
property, both real aud PERSONAL and
mixed, corHuFnul and iuuurpur,aI. To- name
and apppIn, such mau1E.r~. directors of.
h'"FN agents and other employees a- ITS
interests ana 'DuErUIrT.. may require.
and 90 make and establish. a- wei. a~ fo
AFTER ana amend. from time fo Time. such
10y laws. rules and regulations .- u.. ha
necessary and "ApeulruL for tu. proper
management ana go'rrum,u ui "a" sad
corporation
ARTICLE II. The domiriIr Of this cor.
poTat!ou - hereby fixed i'm IA" CITY ut
New Orleans, state o. Louisiana. aui all
citations or other legal process shall be
pora!on, or, in his absence upon the
NIn,~IT">id' or upon the absence OF
both on the Secretary Treasurer.
ARTICLE The object, and pur-
poses OF TINS corporation. and the nature
Of the business to be- carried on hy IL. are
hereby declared 10 be. To purchase and
sell wooden and wiIIOw-wurv. hroOwS
paints, brushes. COrdago, paper. store and
nous" furnishing goods. glassware. Irvine.
Ldru"uT', CrOrhrTy. rubber and leather
~ptTIditl"S, ErO,"r~. druggists. ~tatluurrS
and cOuiectiOnerS' goods and merchandise.
general merchandise Of every nature Kind
or description. also 10 act as agent in
handling goods and merchandise for ar-
count OF shippers OF owners. with the
right and power 10 do any or all thing or
things necessary or connected with. or in
any manner incidental or complementary
10 the objects and purposes Herein set
forth and above expressed.
ARTICLE IN.-The capital stock OF this
corporation Is hereby uNpd at the sum of
MY thousand dollars i$5OOtOOOD. to be
divided into, and represented by fvr hun
dred CjoOD shares Of the sum OF onr hun
drrd dollars each teach SlOOUOJ PAYABLE
IN cash or its equivalent
The capital stock OF this corporation
may be increased TO the sum o. one hmm
dred and fifty thousand dollars. divided
into shares Of 500 each.
No stakeholder of this corporation shall
di,po~" 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 opru 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
pOratiOn, and no transfers shall be- in any
manner binding on this corporation uu-
less so entered
ARTICLE V.-AH tho corporate powers
Of this corporation shall be exercised by,
and vested in. a 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
said Directors shall hold not less than
ten shares of the capital stock.
After their election, the members of the
Board OF Directors shah elect from their
own number, annually, a President. a Vice
President and "A Secretary Treasurer
The first Board of Directors shall con
sist Of three CD stockholders and shall be
composed of Henry G. Provost George T.
the said Henry e. Provost as President
the said George +. Burgess as Vice Presi-
dent and the said Henry {. Provost, Jr
as Secretary Treasurer
DOStOitgtA of 10
rectOrs are as follows: Henry c. Provost
90 POydras Street, New Orleans. La.
George +. Burgess, 80 Magazine Street
New Orleans. La, and Henry {. Provost
Jr., Title Guarantee Building, New Or,
leans. La.
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
a der.
The election of officers shall be held in
the Office of the corporation, under the sup
eryisiOn 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 stockhOlder, as prescribed by law.
All elections shall be by ballot, and a
ma Ority 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 Beard
from any cause shall be filled for the I'M
expired term by the remaining Directors
ARTICLE Win the event of the liqui-
datiOn or dissolution of this corporation
the stockholders shall elect two liquida
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 liquidatOrs shall have the authority
to wind up the business and affairs of this
corpOratiOn In case o. death of either
said liQuidators, the survivor shall appoint
a STOCK holder as successor to him.
ARTICLE Widths act of inCorpOra
| ton may be modified, changed or altered
or said corporation may be dissolved, Will
the assent of stockholders owning two
thirds of the entire capital stock, at gen
pral 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, il
any, due the corporation on the stock e
which he has subscribed nor shall any
stakeholder 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 tn,
effect Of rendering this charter null. Ol
! rendering any subscriber liable beyond
| the unpaid amount, if any, remaining du,
on his stock.
ARTICLE IX.-This corporation is or.