The herald., 1912-10-03
CHART Err
MARX HYMA\ (

OF
MARX, HYMAN & KLEIN.
UNITED STATES or AMERICA; STATE
OF LOUISIANA, PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
Be il known. that on this thirtieth day
Of the month Of August, in the year 1872.
before me, Scott f. Beer, notary public in
and for the Parish Of Orleans, State of
Louisiana, therein residing, duly sworn, com
miSSionNd and qualified, and in the presence
Of the witnesses who hereuntO sign their
names as such. Personally came and appear
ed The several parties whose names are
hereunto subscribed who severally declared
that availinG themselves of the law of this
State in such cases made and provided, they
have contracted and agreed, and do, by these
presents contract. agree and bind themSel-
hereafter become associated with them, TO
form a corporation for the objects and pur-
poses and under the articles and stipula-
tiOns as follow, towt:
ARTICLE |.
The name of this corporation shall be
MARX, Lyman x Klein, by which said
name this corporation shall have and enjoy
corporate existance and succession for the
term of ninety nine years from and after
the date hereof, unless sooner dissolved ac-
cording to law. Its dOmicile shall be in
the City of New Orleans State of Louisiana,
1t shall have power TO contract, sue and be
sued to make and use. a corporate seal and
the same to break or alter at pleasure; to
hold. receive, lease, purchase, SELL convey,
as well as mortgage and hypOthecate, under
its corporate name, property, real, personal
and mixed. and to borrow and lend money
and TO give and receive all manner OF sc.
curity therefor: to name and appoint such
managers, directors, officers. agents and en-
ployees as the interest and convenience of
this corporation may require, and to make
and establish such rules and regulations for
the management of this corporation as may
be necessary and proper, and the same to
amend at pleasure.
Citations and all other legal process shall
be served upon the President of this cor
poration, and in case of his absence or disa-
hility, upon the VicePresident thereof, and
in case Of his absence or disability, upon
any officer of this corporation.
ARTICLE III.
The purposes for which this corporation
Is established and the nature of the business
to be by 1t carried on, are hereby decl AIRED
10 he TO conduct and carry on the business
of dealing In ladies and children's ready 10
wear apparel, millinery, and kindred lines,
and TO do all and every kind of business in
cidental to said lines of business or CON
nected Herewith.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum OF thirty thousand
dollars 3000000) to be represented by
three hundred shares 5000 of the par value
of one hundred dollars (S100) each, which
capital stock may be increased or decreased
in compliance with the laws of the State
of Louisiana. Stock shall be issued in such
amounts and at such times as the Board OF
Directors may prescribed and determine. The
said Board Of Directors is empowered to Is
sue shares of stock Of this corporation, at
nor less than par, In payment for labor ac-
tually done for the beneht OF this corpora
ton or for the actual value of property re-
ceived and transferred to this corporation,
and for other valuable considerations, as
the Board of Directors may see fit.
Transfers of the stock of this corpora
haI1 ha mn on hnnEG
poration, subject TO such formalities and
regulations as the Board Of Directors may
determine.
Each and every stakeholder shall have
one vote for every share of stock standing
In his name on the books of this corporation.
Each stakeholder may give any other stock
holder his proxy in writing to represent him
at any and all meetings of this corporation.
This charter shall be in full force and
this corporation shall be going concern as
soon as the full sum Of twenty thousand
$3.50. OO0) dollars of the capital stock there
of shall have been subscribed for.
ARTICLE V.
All the corporate powers OF this corpora
ton shall be vested In and executed by the
Board of Directors to be composed of three
stockholders of this corporation, two of
whom shall constitute a quorum for the
transaction of the business of this corpora
ton. The Board of Directors shall be COM
posed of a President, a Vice-President,
and a Secretary Treasurer The first Board
of Directors shall be made up OF the follow
ing Jacob Klein, President; Aaron Marx,
president; Samson Hyman, Secretary
Treasurer. The officers above just named
shall remain in Office until the first Monday
in January, 1915, and the elections OF the
Board shall be annually thereafter on said
date.
All directors shall hold office until their
successors are elected and qualified. All such
elections shall be by ballot at the office OF
this corporation under the supervision OF
three commissioners to be appointed by the
board. Notice of every such election shall
rected to each and every one Of them ad-
dressed at the address given by him, on the
books of this corporation. Any vacancy oc-
curing in the board Of directors shall be
remaining directors. failure to elect d.
rectors on the date specified shall not dis
solve this corporation, but the directors then
in Office shall remain In office until their
successors are duly elected and qualified.
Each director shall own at least one share
-of stock in this corporation. Each director
shall have the power to appoint a proxy In
writing to represent him at all meetings OF
the board Of directors, and this proxy may
be given to any one, even though not p
stockholder Of this corporation.
All directors shall be chosen from the
stockholders of this corporation.
ARTICLE vi.
Whenever any stakeholder Of this corpor-
alton shall desire to sell, transfer or dis
nose of all or any of his stock In this cor
poration, he shall first offer the same to this
corporation and the other shareholders
therein for a period of ten days, dating from
the day of his written offer 10 said corpor-
alton and stockholders thereof; the offer TO
be to sell the said stock at the highest bona
ide offer which has been offered said stock
holder by any person, and, II after said ten
days, the said offer has not been accepted by
said corporation of the stockholders there
Of. the said stakeholder wishing to sell his
said stock or any Of II, may sell or dispose
of same to any one he may see fit.
ARTICLE VII.
Whenever this corporation shall be dis
solved either by limitation or otherwise, It's
affairs shall be liquidated by two commits
sioners to be appointed from among the
stockholders at a general meeting convened
for such purpose, of which meeting notice
scribed by the next article Of this charter
and a majority In amount OF the capita
stock of this corporation represented at suct
meeting shall be requisite to elect. AND
the said commissioners shall remain In OF
fee until the affairs of the said corporation
shall have been fully liquidated.
ARTICLE VIII.
This act Of Incorporation may be changed
altered or modified or amended, or this cor
poration and the charter thereof may bt
dissolved. with the assent Of three quarters
of the capital stock represented at gen
eral meeting Of the stockholders convened II
a general meeting for that purpose, and af
ter notice Of such meeting and the purpose:
thereof shall have been given In one Of
more new spapers of the city Of New Orleans
La, once a week for four weeks prior to salt
meeting, and by a notice directed to eacf
stockholder In writing, and mailed to hin