The herald., 1922-12-21
CHARTER
CHARTER OF MICHEL BROTHERS,
INCORPORATED.


INCORPORATED.
United States of America State OF
Louisiana, Parish of Orleans, City of New
Orleans, BE il 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, T. Semmes Walmsley, 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 or full
age who declared that, awaiting 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 ana Dlnu
themselves, as well as such other persons
as may hereafter become associated with
them. to form and constitute corpora
ton and body polite in law. for the pur-
poses and objects and under stipulations
articles and conditions following, to-wt
ARTICLE 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, 10 make
n
break and alter at pleasure; to hold, re-
ceive have, purchase. improve, ALLEVIATE
convey. sell. borrow. pledge. mortgage and
hypothecate, under its said corporate
name property, real, persona. anu n, Gonts
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 10
change and alter at pleasure; and 10 90
all other acts and things permitted Dy
law, or shall or may be necessary OF
proper to carry out the objects ana pur-
poses of said corporation.
Said corpsration, unless sooner dis
solved in accordance with this charter.
shall exist and continue for the period
OF ninety nine years from and after GATE
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 II 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. &C
cident, health. burglary, rent. marine
credit and life insurance. and any and al
other kinds of insurance that may bs
carried or may in the future be carried
and the collection Of premiums. and doinf
such other business as may be delegated
to agents by companies, and to conduc
a general insurance agency and insurance
brokerage business.
ARTICLE III.-The capital stock Of sait
corporation shall be Twenty Thousand
Dollars $50 O00.0O). divided into and rep
resented by Four Hundred (400l shares o
the sum OF Fifty Dollars ($5000) each
which said stock may be paid for in casl
or the same may be issued In paymen
tuallv received or purchased by said cor
poration, or the same may be issued full
paid. for moned advanced or service
rendered. as the Board Of Directors ma
determine.
ANY stakeholder may sell. assign o
transfer his stock in this corporation pro
vided a written offer of the same Is mad
to the Board Of Directors at any OF thei
meetings, who shall have first privileg
Of PURCHASING same. after ,. which sal
No stock Of said corporation shall b
transferred except on the books OF IN
corporation on surrender Of the certificat
therefor. No tranfer of any fractions
part Of a share shall be made.
This corporation shall commence doin
business as soon as Ten Thousand Dollar
($1000000) Of stock shall have been sui
scribed and fifty per cent (5o%l OF sui
The Board of Directors shall have VI
right to determine how much stock sha
be issued.
ARTICLE Iv-The corporate powers q
this company shall be vested In and eS
ercised by a board of three Director
wwo members Of said board shall cor
stituce a quorum for the transaction q
all business.
the first Board Of Directors: F. Ralp
Michel e. Jules Michel. Lillian Niche
with the said F. Ralph Michel, presiden
arc the said z. Jules Michel. vice-pres
dent. and Lillian Michel. secretary treas
During the absence Of the Presiden
the Vice President shall act and presid
Said board shall continue in Office III
til the second day Of January. 1924.
until their successors have been electe
The date on which elections shall
held, and the manner in which notice
election shall be given is left to the di
erection Of the Board OF Directors 10
acted uDon at any regular directors NEE
Ing. held prior to January LIST Of eac
year. The President shall appoint one
more stockholders to preside at such ele,
failure Of said commissioner OF commits
sioners to attend. the President shall Al
point another stakeholder to I'LL the VI
cancy. Any failure from any cause wha
ever to elect directors the day named IL
that purpose shall not dissolve the CO..
poration, but the directors then in ono
as well rs the officers Of the compan
shall hold over until their successors n
chosen.
Ia such event. the President shall eau,
another election to be held at later da,
and give notice thereof as hereinafter
provided.
At every election and meeting eac
stakeholder shall be entitled to vote "a
each share Of stock registered in his nan
and NAV vote by proxy.
The election Of directors shall be b
ballot and the majority In amount
votes cast. each share Of stock voted upo
to he counted for one vote. shall elect III
person or persons for whom they hav
been cast.
After election the Board Of Director
ehsIl eject frnm their own number
President and Vice President. It sha
also elect q Secretary Treasurer. vi
neal not he stockholdsr. or be q mem
Der ~ the Bard Of Directors.
ARTICLE v-The Board Of Director
shall have full power to M vacancies 8
Their nunber caused by death. resigna
ficR or ofheswise. from among the stock
holders It the corporation.
Tho BOARD ~ Directors shaIl have tn
night at any time to increase the numbe