The herald., 1920-06-10
CHARTER.

ployee necessary in their judgment to con
duct the business of the corporation, and
to give to such agents, managers, Off
GERS and other employees much au
thOrity as they may deem necessary for
the purposes and business of the corpora
ton. The Board shall have the power to
fix the compensation and define the duties
of every officer and emplOye and all agents,
managers, officers and other employees
shall hold office and employment at the
pleasure of the board. The board may
make and establish, AS well as alter and
amend any and all bylaws, rules and reg.
ulations necessary and proper in its judg
mrnt for the conduct, support and man
agcment of the business and affairs of said
corporation. At all meetings of the board
Of directors each director shall have the
right to appoint a proxy to act in his place
aud stead, the person so appointed need
not be director, but must be stock
holder. The board shall have full power
and authority to borrow money, execute
mortgages and create liens, to issue bonds
notes and other obligations and TO secure
the same by mortgage, pledge or other
wise and generally to do any ana all things
reasonable. convenient and necessary for
III" proper carrying on of the business of
said corporation.
The first board of directors snail be
composed of Archibald \. Marx, 749 Ba
rome street. New Orleans, La; Solomon
Marx. Rosa Park. New Orleans. La. !;
Leandcr Marx. 1907 State Street, New Or
leans. La: Edward ii. LOuhat, 749 Ba-
ronne street. New Orleans. La, with Ar
chibald \. Marx, as president, Leander
Marx. aS Vicc-president and Edward II.
| Ioubat, aS secretary treasurer, who shall
hold office until their successors are
elected on the Third Monday in May.
| 1921. or any other date upon which the
! annual meeting shall be held.
! ARTICLE VI-This charter may be al
tered, amended or changed upon comply.
| iuG with the provisions Of Act No. 2G1 of
| 1914 relative TO the same.
| ARTICLE NII.-On dissolution of this
corporation for any reason or purpose. its
affairs shall be liquidated by two com
! miSSionerS. to he elected by the StOCkhOld
! crS. aS provided by Act No. 267 of 1914.
| ARTICLE NIII.-NO stakeholder shall
/ ever be liable for any fault or omission
or commission of this corporation, in any
manner, except for the unpaid balance due
| by him on the shares of its capital stock
subscribed for and unpaid by him, for any
sum amount that he may he indebted
! to the corporation. No infOrmality in the
| organization of this corporation shall eN.
! pose the stockholders thereof to any lia,
hiity. except as above provided.
! ARTICLE IN.-The subscribers to tn,
capital stock of this corporation have writ
ten opposite their names the amount and
! number of shares of such capital stock
| subscribed for by them, order to have
this charter serve as the original sub
!
! Thus done and passed. ut my office il
! the city of New Orleans Louisiana, on tn,
day. month and year hereinabOve first
| written in the presence of Warren V. Mil
Ter and Charles HaggeTty, competent wit
| nesses who hereunto sign their names witt
the said appearerS and me, notary, after
due reading of the whole. InterlineatiOI
and erasure made and approved befOr,
| signing.
Witnesses:
Warren V. Miller.
Charles Haggerty.
FRED. &. MARX,
| Notary Public.
l. the undersigned authority Recorder
| of Mortgages for the parish of Orleans
state of Louisiana, do hereby certify thai
the above and foregoing charter of tn,
| Claramar Company, Incorporated. was thi'
day duly recorded in my office in boOl
| 800. folio.....
New Orleans. La. May -, 1920.
(Signed): EMILE J. LEONARD, ID. Il.
\ true copy.
FRED. &. MARN.
Notary Public
| Junp 3-JulV