The herald., 1920-10-28
CHARTER OF THE MIEG-BRADY CON-
PANl INCORPORATED

3
PANN INCORPORATED.
nlted states OF America, State of Lou
iNiana, Parish OF Orleans. city of New
Orleans. lie it known That on this day.
the thirteenth OF the month of October
IN IN" year of our Lord, one thousand
nine hundred and twenty. and o the In
| dependence Of tue United States of Amcri-
"a, the on hundred aud forthwith before.
me-, EusSierc ROuen a notary public. in
and for tn" Parish of Orleans State of
Louisiana, duly commissioned sworn and
qualified, and in the presence OF th, Wit
h"s>''s hereinafter named and undersigned.
personally came AMI appeared the several
prisons whose names are hervuutO sub
scribrd all Of the fun age of majority
~ho declared that. availing themselves OF
tn" laws Of the State of Louisiana relative
10 III" organization o. corporations, they
nav" co'rnautrd and agreed and do. by
thr-, presents. covenant and agree, to farm
ana constitute themselves. as well a. such
persons as may hereafter become as,oriat.d
with them. into a corporation and BODY
polite IN Law. for tho objects and pur
| poses and under the articles agreement,
and stlpulutiuu~ following. to. Wit.
ARTICLE | Tn" name. style and ti,Ir
| 81 Ihl~ corporation shall b" MIG Brady
| 'oMrdny. Incorporated" and under that
name. II shall have and enjoy AN IN.
/ rights. advantages and priv ilr-s,.s granted
! by Ia" to corporations. and shall exist
! Tor the fan term of ninety -Hlur years from.
! Ga" dat" hereof. Il shall have power To
contract. ~u" aud be used. 10 make .u1
/ u" corporate seal. ana the same Ia alter
| or break at pleasure. TO hold receive.
| LEASE purchase. sell and convey. as well
! is moTj-ac" aud hspoth"rHte and plrd-,
property. both real aud personal and
mixed. Corpur"al and iurorpor,al. to u.u,
ana appoint such managers. directors 60.
| hr"rs, agents and other employ, ais it,
! luttrt ~ir and convenience NAV rrguIr...
and 1" MAKE and establish. 20, well .is to
| alter and amend. from time 10 time. such
| 10y m~s. rules and regulation, a. MAY be-
necessary ami cNp"dicnt for the proper
/ . |HH &
| corporation.
! ARTICLE II. The domiriIr Of this cor
| purHtIon II hereby fixed ia the city OF
New Orleans. state o. Louisiana. and all
citations or other legal process shall be-
served upon IN" President OF the said cor
poration. or. in his absence, upon the
l'r-Pr"sident. or upon the absence OF
both on III" Secretary Treasurer.
| ARTICLE Ill The objects and pur-
| poses OF this corporation and the nyfur.
| of the business to bc carried on by il. are
| hereby declared to be. To purchase aud
| sell wooden and willow ware hroomS
paints brushes cordagr. paper. store and
mouse furnishing goods. glassware. Irvine
hardware. crOckcry, rubber and leather
sp'ridltieS. grOcerS, druggists, StatiOnrrs
ana cOntcctioners' goods and mcrChaudiS" !:
general merchandise of every nature kind
| or description. also to act as agent in
| handling goods and merchandise for ac-
count OF shippers owners: with the
| right and power to do any or all thing or
|
any manner incidental or Complementary
| TO tn" objects and purposes herein set
forth and above expressed
| ARTICLE IV.-The capital stock of this
corporation is hereby tAed at the sum of
nifty thousand dollars ($JOOOO.OO): to be
| divided into. and represented by five hun
| dred tJOOl shares of the sum of one hun
dred dollars each leach 100000. payable
| In cash or lis equivalent.
| The capital stock of this cOrporntiOn
! may be Increased to the sum OF one hun
| dred and nifty thousand dollars. divided
| into shares of 800 each.
| No stakeholder of this Corporation shall
| dispose of any stock in the corporation
without hrst Offering il to the other stock
holders Of record, in writing. at its book
| a period of thirty days
All transfers of shares of the capital
| stock of this corporation shall be made
ana entered on the stock book of the cor
pOratOn, and no transfers shall be in any
! manner binding on this corporation un-
| less entered
| ARTICLE E.-All the corporate powers
| OF this corporation shall be exercised by
and vested in a Board of Directors com o.
posed of not less than three stockholders.
and not more than i've stockholders: :,
majority o. 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 tn.
| Board OF Directors shall elect from their
| y. a
| President and Secretary Treasurer
| The first Board of Directors shall CON
sist OF three 90 stockholders and shall be
composed of Henry G. Provost, George f
the said Henry C. Provost as President.
| the said George 4. burgess as Vice Presi-
dent and the said Henry c. Provost, Jr
| AS Secretary Treasurer.
| The p0StotiCe address Of the said hi
| rsctors are follows: Henry c. Provost.
90 Poydras street, New Orleans, La
George Il. Burgess. 3c5 Magazine Street,
| New Orleans. La, and Henry c. 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 n legal holiday,
| and then on the next bank day there
| sIer.
The election of officers shall be held In
the ONCE 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 pOstofice 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
L
represented by the holder in person or by
proxy.
| Any vacancy occurring In said Board
| from any cause shall be filled for the I'M
| e1 pired term by the remaining Directors.
| ARTICLE Win the event of the iqui-
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 HQuldators shall have the authority
| to wind up the business and affairs of this
corporation. In case OF death of either
| said hquidators, the survivor shall appoint
| a stakeholder as successor TO him.
| ARTICLE YII.-This act of incorpora-
ton may be modified. changed or altered
or said corporation may be dissolved, with
| the assent of stockholders owning two
thirds of the entire capital stock, at gen.
eral meeting of the stockholders convened
for such purpose. after ten days written
| holder mailed TO him. at his or her last
known address.
| ARTICLE YIII.-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, If
any, due the corporation on the stock &c
| which he has subscribed nor shall any
contracts. fault or debts in any further
sum than the unpaid balance, II any, on
the stock owned by him. nor shall any
mere informslity in organization have thu
effect OF rendering this charter null, or
| rendering any subscriber liable beyond
the unpaid amount If any, remaining du,
on his stock.
| ARTICLE IX.-This corporation is or
ganiZed under the laws of the State OF
| Louisiana, and especially Act No. 261 OF