The herald., 1922-12-14
CHARTER OF MICHEL BROTHERS,
INCORPORATED.

CHARTER OF MICHEL BROTHERS,
INCORPORATED.
United States of America. State OF
Louisiana, Parish of Orleans, City of New
Orleans Be it known, that on this 9th
day of the month of December. in the
year of Our Lord One Thousand. nine
hundred and twenty-five. and of the
independence Of the United states OF
America, the one hundred and forty sixth,
before me, L. Semmes Walmsley, a no
tary public duly commissioned and qual-
flied in and for this city and parish,
State of Louisiana, therein residing ana
in the presence of the witnesses herein-
after named and undersigned, personally
came and appeared the parties whose
names are herewith subscribed. all or full
age. who declared that, ayailing them.
selves of the provisions OF the laws OF
Louisiana relative to corporations they
have covenated and agreed, and by these
presents covenant and agree and bind
themselves. as well as such other persons
as may hereafter become associated with
them, to form and constitute corpora
tion and body polite in law. for the pur
poses and objects and under stipulations.
articles and conditions following, to-wlt:
ARTICLE 1.-The name and title of this
corporation shall he the Michel Brothers.
Incorporated. and its domicile is hereby
established in New Orleans. State of Lou.
isiana and under its corporate name said
corporation shall have power and author
ity to contract, sue and be sued. to make
and use n corporate seal ana Ine same 10
break and alter at pleasure: to hold. re-
ceive, have. purchase. improve. ALLEVIATE.
convex, sell. borrow, pledge. mortgage ana
hypothecate. under its saib corporate
name property, real personal and mixed;
to name and appoint such officers. agents
and managers or employees as the interest
or convenience Of said cOrDoration may
require; to make and establish bylaws,
rnles and regulations for the proper man
agement Of it's affairs as may be deemed
necessary and proper and the same 70
change and alter at Measure: and 10 do
all other acts and things permitted by
law. or shall or may he Necessary ssd nu or
proper to carry out the objects ana pur-
poses Of said corporation
Said corpRation, unless sooner dis
solved in accordance with this charter.
shall exist and continue for the period
Of ninety nine years from and after date
hereof
The president. or in his absence. the
vice-presdent. shall be the proper person
upon whom citation or other legal pro-
cess shall be served.
poses for which this corporation is or
ganized. and the nature of the business
to be carried on by IL are declared to be
the following, to-wit: To act as agent
for insurance companies. in soliciting and
receiving applications for fire. casualty.
liability, plate glass, boiler, elevator. ac-
cident. health. burglary, rent. marine.
credit and life insurance. and any and all
carried or nav I'm the future be carried.
and the collection of premiums. and doing
such other business as may be delegated
to agents by companies. and to conduct
a general insurance agency and insurance
ARTICLE III-The capital stock of said
corporation shall be Twenty Thousand
Dollars $50. OOO.OO). divided into and rep
resented by Four Hundred (4OOl shares OF
the sum Of Fifty Dollars tS50.OO) each.
which said stock may be paid for in cash
or the same may be issued In payment
or exchange for property or rights ac-
tuallv received or purchased by said cor
poration. or the same may be issued full
paid. for moned advanced or services
rendered. as the Board Of Directors may
determine.
Anv stockhoIder NAV SELL assign or
transfer his stock in this corporation pro-
vided written offer of the same is mada
to the Board of Directors at any of their
meetings. who shall have first privilege
Of purchasing same, after which said
stock may be sold in open market.
No stock Of said CORPORATION shall he
transferred except on the books az the
corporation on surrender of the certificate
therefor No tranfer of anv fractional
part of a share shall he made.
This corporation shall commence doing
business as soon as Ten Thousand Dollars
(S1GOO0OO) Of stock shall have been sub
scribed and fifty per cent (50qdl Of sub
scription paid in cash or equivalent.
The Board of Directors shall have ,she
right to determine how much stock shall
be issued
ARTICLE Iv-The corporate powers of
this company shall be vested in and ex-
ercised by a board Of three directors.
Two members of said board shall con-
stftute a quorum for the transaction OF
The following persons shall constitute
the first Board Of Directors: F. Ralph
Michel r. Jules Michel, lillian Michel.
with the said r. Ralph Michel. president.
ard the said r. Jules Michel. vice-presi-
dent. and Lillian Michel secretary-treas-
urer.
During the absence of the President.
the Vice President shall act and preside.
Said board shall continue In Office I'M
til the second day Of January. 1924. or
until their successors have been elected.
The data on which elections shall be
held. and the manner in which notice of
election shall be given Is left to the dis
erection Of the Board Of directors to be
acted VDon at any regular directors meet
year. The President shall appoint one or
more stockholders to preside at such cleo
tiou as commissioner. In the event Of the
failure of said commissioner or commits
sioners to attend. the President shall ap
point another stakeholder to fill the va
cancy. Any failure from anv cause what
ever to elect directors the dav named for
that purpose shall not dissolve the cor
poratfon, but the directors then in Office.
as well rs the officers of the company,
shall hold over until their successors are
chosen. .
In such event the President shall cause
another election to be held at n later date
. and give notice thereof as hereinabove
provided.
Al every election and meeting each
stakeholder shall be entitled to vote for
each share OF stock registered In his name
and NAV vote by proxy.
The election Of directors shall be bv
ballot and the majority in amount Of
votes cast, each share Of stock voted upon
to be counted for one vote shall elect the
person or persons for whom they have
been cast.
After election the Board of Directors
shall elect from their own number
President and Vice President. II shall
also elect a Secretary Treasurer. who
need NOT be n stakeholder. or be a men,
Der Of the Beard Of Directors.
ARTICLE v-The Board Of Directors
shall have full power to fill vacancies in
their number caused by Heath. resigna-
fion or otherwise. from among THE stock
holders OF the corporation
The Board of Directors shall have the
right ut anv time to increase the number
Of ifs mevbership to any number they
NAV desire. but ut no time shall IL ex
ce~i nine members.
The said Board shall have full control
at the property of said corporation. and
ahal1 no condrct. manage and use the
same ~ in their discretion thew deem M.
and that In consistent with the objects
Of this company or the welfare Of same.
The eaid BOARD r further authorized
ia frame and adopt auch hv-laws. rules
ana regulations ~ the Affairs and busi-
mere Of the CORPORATION may require. and
~ N NAV deem necessary for the con-