The herald., 1922-01-05
CHARTER OF MICHON & LATER
RIERE INC.

United States OF America, State of Lou
isiana. Parish of Orleans. City of New
Orleans, BE ii known, that on this day
OF November, in the year one thousand.
nine hundred and twenty-one, before
me Jones T. PrOwell 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 261 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
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 il 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.
lease. mortgage and hypothecate or pledge
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 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
isiana, where all citations or other legal
process shall be served upon the Presi-
dent. or In his absence on the Vice-Pres-
ident. and in the absence of both on the
Secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
to be carried on by 1t 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 secondhand, on commission, con
signment and otherwise; to do a general
the general repairing of automobiles. mo-
tor boats, and all species and kinds OF
machinery; to store all kinds of ANTONIO
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-
turer's agent and receive and sell automo-
biles. motor boats and all other kinds and
species Of machinery; to acquire and own
cfn In, nj n.
ally to do and perform any and all things
necessary or convenient to carry ont said
objects and purposes, in the State of
Louisiana and elsewhere.
ARTICLE Iv.-The capital stock of
this corporation Is hereby ixed at Tween
ty Thousand Dollars ($20OO0.OO), divided
into two hundred shares (2OO) of the mar
value of One Hundred Dollars $4,000
Zach; provided, that the amount to which
the capital stock of this corporation NAV
be increased shall be One Hundred Thou
sand Dollars $500, 100000, or one thou
sand shares $1,000.
One hundred shares 900, or Ten Thou
snad Dollars (S10OO0OO) of the capital
stock of this corporation must be sub
scribed before the filing Of the articles of
Incorporation. The subscribed capitaI
stock of this corporation shall be paw
able In cash, property (real or PERSONAL,
good Will. 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
tcf snality in organization have tae sfac-
OF rendering this charter null or of px-
posing any shareholder TO any liability
whatsoever.
This corporation shall not engage In
business until One Hundred shares 1OOl
or Ten Thousand Dollars (S100OO.OO) of
the capital stock shall have been issued
and paid In. in cash, property or good
will. IL 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.
ARTICLE v.-All the corporate powers