The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER
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 two, and of the
Independence of the United States of
America. the one hundred and forty sixth.
| before me, Il. Semmes Walmsley, a no
tary public duly commissioned and quail
flied in and for this city and parish,
State of Louisiana. therein residing. and
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared the parties whose
names are herewith subscribed. all of full
age. who declared that, availing 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
them selves. as well as such other persons
as may hereafter become associated with
them, to form and constitute a corpora
ton and body polite in law. for the pur-
poses and objects and under stipulations.
articles and conditions following, to-wit ::
ARTICLE 1.-The name and title of this
corporation shall be 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 a corporate seal and the same TO
break and alter at pleasure; to hold, re-
ceive, have, purchase, improve. ALLEVIATE
convey. sell. borrow, pledge. mortgage and
hypothecate. under it's said 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 corporation may
require; to make and establish bylaws.
rules and regulations for the proper man.
agement Of its affairs as may be deemed
necessary and proper. and the same 20
change and alter at pleasure; and TO do
ttAA nv
law. or shall or may be necessary or
proper to carry out the objects and pur-
poses of said corporation.
Said corporation, 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 president shall be the proper person
.pon whom citation or other legal pro-
cess shall be served.
ARTICLE 1.-THE objects and pur-
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 fof fire. casualty,
liability, plate glass. boiler. elevator, ac-
cident, health, burglary, rent marine.
credit and life insurance. and any and all
other kinds of insurance that may be
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
brokerage business
ARTICLE III.-The capital stock.of said
corporation shall be Twenty Thousand
Dollars $50 900 O0). divided into and rep
resented by Four Hundred (4OO) shares OF
the sum of Fifty Dollars (S50O0l 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-
tually received or purchased by said cor
pOration. or the same may be issued fuli
paid. for moned advanced or services
rendered. as the Board of Directors may
determine.
Any stakeholder may sell, assign or
transfer his stock in this corporation pro-
vided a written offer Of the same is made
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 be
transferred except on the books OF the
on surrender Of the certificate
therefor. No tranfer Of any fractional
part of share shall be made,
This corporation shall commence doing
business as soon as Ten Thousand Dollars
(S10. OO0O0) of stock shall have been sub
scribed and fifty per cent (5O9ol OF sub
paid in cash or equivalent.
The Board of Directors shall have the
right to determine how much stock shall
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-
all business.
The following persons shall constitute |
the first Board of Directors: +. Ralph |
Michel 4. Jules Michel. Lillian Michel. |
ho oil
and 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 date on which elections shall be |
election shall be given is left to the dis |
rretion Of the Board Of Directors to be |
,cted upon at any regular directors meet |
ng, held prior to January LIST Of each !,
more stockholders to preside at such cleo |
ton 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
,ancy. Any failure from any cause what !,
,ver to elect directors the day named for |
that purpose shall not dissolve the cor
poration. but the directors then in Office,
as well as the 0f1cers OF the company. |
shall hold over until their successors are /
chosen.
In such event, the President shall cause /
another election to be held at a later date
Ind give notice thereof as hereinabove /
provided.
At every election and meeting each |
shall be entitled to vote for /
zach share Of stock registered in his name
and NAV vote by proxy.
The election of directors shall be by |
ballot and the majority IN amOuut of
votes cast. each share Of stock voted upon /!
10 be counted for one vote. shall elect the /
person or persons for whom they have
been cast.
hall elect from their own number q /
President and Vice President. It shall
also elect a Secretary-Treasurer who
need not be a stakeholder. or be q men,
YER Of the Board Of Directors
ARTICLE v-The Board Of Directors