The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER OF MICHON & LATER
RIERE. INC.

United States OF America, State of Lou
isiana. Parish OF Orleans. City of New
Orleans, BE it known, that on this day
of November. in the year one thousand,
nine hundred and twenty-one, before
me Jones r. Prowel 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.
81 no declared to me. notary, that avaling
themselves of the provisions of the laws
of this state relative to the organization
of corporations. and particularly to Act
No. 267 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 a corporation and body polite, for
the objects and purposes, and under the
stipulatiOns hereinafter set forth, tO-wit ::
ARTICLE 1.-The name and title OF
this corporation shall be MichOn & Later
riere, Inc, and under such title 1t 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 airl
alter at pleasure: to have. hold, buy. sell,
lease mortgage and hypothecate or pledge
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
conduct its corporate business: to make
| such bylaws. rules and regulations ms
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
| isiana, where all citations or other legal
| process shall be served upon the Presi-
| dent. or In his absence on the Vice-Prps-
| ident. and in the absence OF both on the
| Secretary.
ARTICLE III.-The objects and pur-
| poses for which this corporation is or
| gained and the nature OF the business
| to be carried on by it are hereby de-
| clared and stated to be: The wholesale
| and retail buying and selling of automo-
biles and motor boats, and all other spe-
| cies and kinds of machinery, both new
| and second hand, on commission, con
| signment and otherwise; to do n general
| garage and automobile business: to do
! the general repairing Of automobiles mo-
| tor boats, and all species and kinds of
machinery; to store all kinds of automo-
| biles, motor boats, and all kinds and spe-
cies of machinery. for itself and others
| and TO make reasonable charges for ser
vices in storage Of said automobiles. motor
| boats and machinery: to act as manufac-
turers agent and receive and sell automo-
| biles motor boats and all other kinds and
| species Of machinery; to acquire and own
| stock in other corporations: and. gener-
| ally to do and perform any and all things
| necessary or convenient to carry out said
| objects and purposes, In the State of
Louisiana and elsewhere
| ARTICLE IV.-Yhe capital stock of
| this corporation Is hereby fxed at TWEEN
tv Thousand Dollars ($2OOO0.OO), divided
| into two hundred shares (2O0) of the par
value Of One Hundred Dollars (SiO0.OO)
each; provided, that the amount to which
fhe capital stock OF this corporation may
he increased shall be One Hundred Thou
sand Dollars (S1O0,0O0.OO), or one thou
sand shares u0O0).
One hundred shares (1OO). or Ten Thou
snad Dollars (s1OOOOOO of the capital
stock of this corporation must be sub
| scribed before the filing Of the articles of
Incorporation. The subscribed capital
1 stock of this corporation shall be pay
| able In cash, property (real or personaD,
good VIII. or for labor and services rem
dered and performed.
| No stakeholder shall ever be held liable
| or responsible for the faults contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
poratiOn on the shares of stock sub
subscribed by him, nor shall any mere in
| fct .nality In organization have tae efnc'
| OF rendering this charter NULL or of ex.
posing any shareholder to any liability
\ whatsoever.
This corporation shall not engage in
business until One Hundred shares 1OO)
or Ten Thousand Dollars ($100OO.OO) OF
the capital stock shall have been issued
| and paid IN, in cash, property or good
will. If any stock of this corporation is
exchanged. either In whole or in part, for
property or good will. in that event the
provisions Of Section 3 Of Act 267 of 1914
shall be complied with strictly.