The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19
CHARTE Err
OF
NrAnN HNAIAN q L

UNITED STATES OF AMERICA, STATE
or 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 +. Beer, n 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 he
Marx, Hyman K 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-
cordng 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
ARTICLE II.
Citations and all other legal process shall
be served upon the President of this cor
Ino ion N absence
| bility, upon the Vice-President 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 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 S30,00000) to be represented by
| three hundred shares 5000 of the par value
of one hundred dollars ($10Ol 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. Inc
sue shares of stock of this corporation, at
not less than par, In payment for labor ac'
| tually done for the beneft OF this corpora
tion or for the actual value of property re-
ceiyed 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
| holder his proxy in writing TO represent him
at any and all meetings of this corporation
| This charter shall be in full force ano
this corporation shall be a going concern as
soon as the full sum Of twenty Thousand
| $50 OOO) 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 Nice,P TT. pna It
and a Secretary Treasurer. The first BoarC
of Directors shall be made up of the follow
ing Jacob Klein, President; Aaron Marx
| vice-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 TN
Board shall be annually thereafter On sait
| date.
successors are elected and qualified. All sucl
elections shall be by ballot at the office O
| this corporation under the supervision o.
| three commissioners to be appointed by th'
board. Notice OF every such eiection sna II
| be given to the stockholders by letter oil
\ rected to each and every one OF them ad
dressed at the address given by him, on tn
books of this corporation. Any vacancy oc
curing In the board OF directors snaIi %
filled for the remainder of the term by tn.
remaining directors. A failure TO elect al
| rectors on the date specified shall not dis
/ solve this corporation, but the directors tnei
in Office. shall remain in once until tael
Each director shall own at least one shar,
| of stock in this corporation. Each dlrecto
shall have the power to appoint proxy II
writing to represent him at all meetings
the board of directors, and this proxy ma.
| be given to any one, even though not
stakeholder of this corporation.
/ All directors shall be chosen from tn
stockholders of this corporation.
ARTICLE vi.
/ Whenever any stockholder OF this corpor
alton shall desire to sell, transfer or dis
pose of all or any of his stock IN this cor
i poration he shall frat offer the same to TIL
corporation and the other shareholder
/ therein, for a period of ten days, dating iron
the day of his written offer to said corpor
alton and stockholders thereof; the offer 3
/ be to sell the said stock at the highest bon
/ fde offer which has been offered said stock
holder by any person, and, IL after said tel
DAYS, the said offer has not been accepted b.
said corporation of the stockholders there
Of the said stakeholder wishing TO sell III
said stock or any Of 1t, may sell or dispos
of same to any one he may see ut.
| ARTICLE VII.
Whenever this corporation shall be dis
solved either by limitation or otherwise, II
affairs shall be liquidated by two commits
sioners to be appointed from among tn
stockholders at a general meeting convene
for such purpose, Of which meeting motto
shall be given In the manner and time pre-
scribed by the next article Of this charter
and a majority In amount of the capita
stock Of this corporation represented at sue
meeting shall be requisite to elect. An
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 be changed
altered or modified or amended, or this col
poration and the charter thereof may b
dissolved with the assent of three quarter
Of the capital stock represented at a ger
eral meeting of the stockholders convened !
a general meeting for that purpose, and al
ter notice Of such meeting and the purpose
/ thereof shall have been given In one Q
inofe nexw&peD q tie clfy q NeW Q1ee1