The herald., 1921-12-29
CHARTER OF MICHON & LATER
RIERE INC

United States OF America, State of Lou
isiana, Parish of Orleans. City of New
Orleans, Re it known, that on this day
OF November, in the year one thousand
nine hundred and twenty-One, before
me Jones T. Prowell a notary public In
and for this city and the Parish of Or.
leans. State of Louisiana therein resid.
ing, duly commissioned and qualified, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared, the several persons
whose names are hereunto subscribed
who declared to me, notary, that availing
themselves of the provisions of the laws
of this state relative to the organization
of corporations, and particularly to Act
No. 26I of 1914. they have covenated and
agreed. and by these presents do cove
nant and agree for themselves. their sue
cessors and assigns, to form themselves
into corporation and body polite, for
the objects and purposes, and under the
stpulatiOns hereinafter set forth, to-wit /:
ARTICLE 1.-The name and title Of
this corporation shall be Michon & Later
riere, Inc. and under such title it shall
have and enjoy succession and existence
for period of ninety-nine years from
the date hereof, unless sooner dissolved;
Is shall have power and authority TO con-
tract, sue and be sued to make and use
a corporate seal, the same TO break and
alter at pleasure; to have. hold, buy. sell,
AVdSt' ihVibSdSc anu Ut pleuEe
property, real, personal or mixed, neceS>
sary, proper or incidental for the carry
ing on of its business, as well as TO issue
bonds or notes secured by such mort
cages; to make and issue notes and other
certificates of Indebtedness: to name.
elect and appoint managers, directors,
clerks and other employees to properly
its corporate business; 10 make
such bylaws, rules and regulations as
may be necessary or found desirable for
the management of its business and af-
fairs; and, generally, to do every other
act. matter or thing necessary or desir-
able for the complete and the proper car
rying out of said business. both in the
State OF Louisiana and elsewhere.
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
orleans, Parish of Orleans, State of Lou
siana. where all citations or other legal
process shall be served upon the Presi-
lent, or in his absence on the Viee-Pres-
dent, and in the absence of both on the
Secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
canned and the nature OF the business
% De carried on by it are hereby de-
Jared and stated TO be: The wholesale |
md retail buying and selling of automo-
'iles and motor boats, and all other spe
les and kinds of machinery, both new |
md second hand. on commission. con |
lgnment and otherwise; to do n general
.arage and automobile business: to do |
he general repairing of automobiles. mo-
or boats, and all species and kinds of |
machinery; to store all kinds of automo-
'iles, motor boats, and all kinds and spe- |
les OF machinery, for itself and others, |
M TO make reasonable charges for ser
ices in storage of said automobiles motor
oats and machinery; to act as manufac-
urers agent and receive and sell automO-
lies, motor boats and all other kinds and
pecles OF machinery; to acquire and own
tocK IN other corporations; and. gener-
lily to do and perform any and all things
ecessary or convenient to carry out said
DJects and purposes. in the State of
and elsewhere
ARTICLE IV.-The capital stock of
his corporation is hereby fixed at TWEEN
Thousand Dollars $50. 600 OO). divided
lto two hundred shares (2OO) of the par
aiue OF One Hundred Dollars ($l0000)
ach; provided, that the amount to which
ne capital stock of this corporation may
e increased shall be One Hundred Thou
and Dollars (S100,00O0O), or one thou
and shares $1,000.
One hundred shares QOO), or Ten Thou
mad Dollars (S10,000OO of the capital
lock or this corporation must he sub
'rlbed before the filing of the articles of
corporation. The subscribed capital
lock of this corporation shall be pay
Die In cash, property (reaI or PERSONAL,
ood VIII. or for labor and services rem
cred and performed
NO stakeholder shall ever be held liable
responsible for the faults contracts or
eDts or this corporation in any further
I'm than the unpaid balance due the cor
Dration on the shares of stock sub
Inscribed by him. nor shall any mere in
fnality in organization have .Ae efac,
rendering this charter null. or of eX-
,sing any shareholder to any liability !
hatsoever.
rms corporation shall not engage in {
isiness until One Hundred shares C00) {
Ten Thousand Dollars (S10,00000) OF
e capital stock shall have been issued
ia paid in, in cash, property or good
III. If any stock of this corporation is
changed, either in whole or in part for
operty or good will, in that event the
DIVISIONS of Section 3 of Act 267 of 1914 |
all be complied with strictly
ARTICLE VAN the corporate powers