The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-10
CHART Err
OF
MARX, HYMAN & KLEIN.

before me, Scott +. Beer, a notary public in
and for the Parish of Orleans, State OF
Louisiana. therein residing, duly sworn, com
missioned 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-
yes. as well as all other persons who may
hereafter become associated with them, TO
form a corporation for the objects and pur-
poses and under the articles and stipula-
tions as follow, to-wit:
The name of this corporation shall be
Marx, Hyman < 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 10 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.
ARTICLE III.
Citations and all other legal process shall
be served upon the President of this cor
hility, upon the ce-President thereof. and
In case Of his absence or disability, upon
any officer of this corporation.
ARTICLE III.
bfnh &c ION
Is established and the nature of the business
to be by 1t carried on, are hereby declared
to be to conduct and carry on the business
Of dealing in ladies and children's ready to
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 300000O) to be represented by
three hundred shares 1900 of the par value
of one hundred dollars (S1OOl 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 &C
tually done for the benefit 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 Mt.
Transfers of the stock of this corpora
tion shall be made on the books OF this cor
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
,-fN 70 -nnf
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
1920 000) dollars of the capital stock there
Of shall have been subscribed for.
ARTICLE v.
All the corporate powers of this corpora
tion shall be vested in and executed by the
Board of Directors to be composed of three
stockholders OF this corporation, two OF
transaction of the business of this corpora
ton. The Board Of Directors shall be COM
posed of a President, Vice President:
and a Secretary Treasurer. The first Board
of Directors shall be made up of the follow
ing Jacob Klein, President; Aaron Marx,
ice-President Samson Hyman, Secretary
Treasurer. The officers above just named
shall remain in Office until the first Monday
in January, 1915, and the elections or 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
be given to the stockholders by letter d.
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
filed for the remainder OF the term by the
oi-tp A
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 qualined.
Each director shall own at least one share
of stock In this corporation. Each director
shall have the power to appoint proxy In
writing to represent him at all meetings or
the board Of directors, and this proxy may
be given to any one, even though not a
stakeholder 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
pose of all or any of his stock In this cor
poration, he shall first offer the same to this
corporation and the other sharenoiders
the day of his written offer to said corpor-
alton and stockholders thereof; the oher TO
be to sell the said stock at the highest bona
ide offer which has been offered said stock
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 1t, 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, Its
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
shall be given IN the manner and time pre-
scribed by the next article Of this charter,
and a majority In amount OF the capital
stock of this corporation represented at such
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 be
dissolved, with the assent Of three quarters
of the capital stock represented at a gen.
eral meeting of the stockholders convened In
a general meeting for that purpose, and az
ter notice Of such meeting and the purposes
thereof shall have been given In one or
more newspapers Of the city Of New Orleans,
La, once a week for four weeks prior to said