The herald., 1920-11-25
CHARTER OF THE MIEG-BRADY COM
PANY INCORPORATED

CHARTER OF THE MIEG-BRADY COM
PANf INCORPORATED.
United States of America, State Of Lou.
sslana, Parish Of Orleans, City of New
Jreans: BE II known, That on this day
She thirteenth of the month of October
IN the year of our Lord, one thousand
nlne hundred and twenty and OF the In
ca the one hundred and forty-fifth: before
me, Busslere Rouen, a notary public in
ana Tor the Parish of Orleans, State OF
louisiana duly commissioned, sworn and
luallhed, and in the presence of the wit,
| aesses hereinafter named and undersigned
| personally came and appeared the several
| persons whose names are hereunto sub.
SGIloeH, all OF the full age of majority
| nno declared that, availing themselv of
| the laws OF the State of Louisiana relative
20 the organization OF corporations they
nave covenanted and agreed and do, by
| 'hese presents, covenant and agree to form
ana constitute themselves as well az surb
persons as may hereafter become associated
| Win them. into a corporation and bod Y
polltlc IN law; for the objects and pur-
| poses ana under the articles, agreements
ana stpulations following to-wit:
ARTICLE 1.-The name, style and title
| ol THIS corporation shall be "Mieg- Brady
| Company incorporated" and under that
nahe, snail have and enjoy all the
| Hshls' advantages and privileges granted
py law TO corporations and shall exist
| t0r the lulI term of ninety nine years from
the cate hereof. 1t shall have power 10
|
use corporate seal, and the same 10 alter
or break at pleasure; to hold receive
| tease, purchase, sell and convey as we'll
as mortgage and hypothecate and pledge
mixed, corporal and incorporeal: TO name
and appoint such managers directors, Of
ncers, agents and other emplo yes as its
,rt t ana convenience KY require,
ana 10 make and establish. q well as to
after and amend, from time to time such
Oy-ia"S, rules and regulations as NAV be
necessary and expedient for the proper
management and government Of the said
corporation.
ARTICLE 1.-THE domfcile of this cor-
poration is hereby fixed in the City of
New orleans, State OF Louisiana, and all
cltatlons or other legal process shall be
RPorauon, or, in his absence. upon the
vice 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 n are
hereby declared to be: To purchase and
sell wsoden and willow-ware brooms
paints brushes, cOrdage, paper store and
mouse furnishing goods, glassware, Irvine
hardware, crockery, rubber and leather
speclalties; grocers, druggists, stationers
ana confectioners' 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 an thing or
tnlhgs necessary or connected with, or I'm
any manner incidental or complementary
70 the objects and purposes herein SET
forth and above expressed
ARTICLE lV.-The capital stock of this
corporation is hereby fixed at the sum of
MY thousand dollars (S5O.0000O); to be
DIVIDED into, and represented by five hum
dred t5o0) shares of the sum of one hun
dred dollars each leach 100000, PAYABLE
In cash or its equivalent.
hn aeaI
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 first offering il to 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 canital
STOCK OF this corporation shall be made
and entered on the stock book of the cor
poration, and no transfers shall be in any
less so entered.
ARTICLE VAN the corporate powers
OF this corporation shall be exercised by,
and vested in, a Board of Directors, COM
posed OF not less than three stockholders,
majority Of whom shall constitute n
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 shall elect from their
own number, annually, a President, Vice
President and Secretary Treasurer.
The hrst Board Of Directors shall con-
composed of Henry c. Provost, George e
burgess and Henry c. Provost, ,Jr.; with
the said Henry c. Provost as President,
the said George E. Burgess as Vice Presi-
dent and the said Henry C. Provost, Jr..
as Secretary Treasurer.
The postofice address of the said Df-
rect are as follows; Henry c. Provost.
George K. 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 a 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 postofiice properly addressed to
each stockholder; as prescribed by law.
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 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 liquidaters shall have the authority
to wind up the business and affairs OF this |
In case OF death of either o.
said nquidators, the survivor shall appoint
a stakeholder as successor to him.
ARTICLE VII-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 q gen |
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 |
which he has subscribed NOR shall any
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
any subscriber liable beyond |
on his stock.
ARTICLE IX-This CORPORATION Is Or