The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-12

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 a letter di-
rected to each and every one OF them adj
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
remaining directors. \ failure to elect Iii
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 10 any one. even though not
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 10 this
corporation and the other shareholders
the day of his written offer to said cOrpOr-
alton and stockholders thereof; the Offer To
he to sell the said stock at the highest bona
iidc offer which has been offered said stock
holder by any person, and. if 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 10 any one he may see fit.
ARTICLE VII.
Whenever this corporation shall he dis
solved either by limitation or otherwise its
| affairs shall be liqudated 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
flee until the affairs of the said corporation
shall have been fully liquidated.
ARTICLE VIII.
This act of incorporation may he 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 af-
| 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 week for four weeks prior to said
meeting. and by a notice directed TO each
stakeholder, in writing. and mailed to him
tat his address, designated by him on the
books of this corporation) at least ten days
ARTICLE IN
No stakeholder shall ever be held liable
for the contracts or faults Of this corpora
tion in any further sum than the unpaid
balance due this corporation on the shares
of stock owned by him. shall any in
fOrmality in the organization of this cor
poratiOn have the effect of rendering thi'
charter null or of exposing the stockholders
| TO any further liability than the unpaid
amount remaining due on his stock subscrip
tion.
The list of subscribers hereunto annexed
shall serve as the original subscription lis
Of this corporation.
Thus done and passed in my Office on tn,
day and date aforesaid, in the presence o.
Messrs. Edgar NJ. Calm and T. A. Schuber
competent witnesses, who have hereunt'
signed their names. together with the sal,
appearers and me, notary, after due read
ing of the whole.
Signed: Jacob Klein, Aaron Marx, Sam
son Lyman. Witnesses: t. A. Schuber, Ed
SCOTT f. BEER, Not. Pub
!, the undersigned Recorder Of Mortgage
in and for the parish of Orleans, State o
Louisiana, do hereby certify that the abOv
. and foregoing act of incorporation of "MarS
Lyman & Klein was this day duly records
in my Office in book 1855, folio =.
New Orleans, La, August. 1872.
EMILE LEONARD, d. Rec.
l. the undersigned notary public, hereb
certify that the above and foregoing Is
true and correct copy of the original char
ter duly recorded in the mortgage office o
the parish of Orleans, together with the cel
: tificate of the Recorder of Mortgages 70
, said parish thereunto affixed.
In faith whereof, | hereunto sign m
name and affx my seal this Both day
SCOTT f. BEER, Not. Pul
| sept - 10 90 oct 3 10