The herald., 1920-06-24
CHARTER.

shall be filled by election for the uurV-
PRED term by the remaining directors.
y failure 10 elect directors on the d.y
above specified shall not dissolve tho cor
poratiOu nor impair its corporate existence
or management. but the directors then ia
office shall remain in Oiflc, until tl,Ir
Successors are elected and qualified. The
board of directors shall elect a president
a vice president, and secretary treas
lrvr. the president aud vice president shall
he stockholders of III" corporation ami
members of the board of directors. brt
The So Rotary treasurer may or may not
be q director or stakeholder, at the dis
.Tction OF the board of directors The
number of directors shall be determined
by the stOD kholdcrS NJ each annual meet
ing. Tn" board Of directors shah have
power and authority 20 appoint such
agents. managers. officers and other en-
pIoyce necessary ia their Judgment TO con.
duct the business of the corporation. aut
10 give to such agents. managers. u.:.-
GERS ANA other employees as much au-
thOrity as they may deem necessary for
the purposes and business of the corpora
ton. The Board shall have the power 10
fin the compensation ana define the duties
of every officer and cWplOyc and all agents
managers, officers and other employees
shall hold office and employment at the
pleasure of the board. The board NAV
MAX" and establish, as We'll as alter and
amend any and all bylaws. rules and reg
ulatlons necessary and proper IN its judG-
mcnt for the conduct, support and mau-
aGcm"nt Of the business aud affairs Of said
corporation. At all meetings Of the board
of directors each director shall have the
right to appoint 4 proxy 10 act in his place
and stead, the person 50 appointed need
not be director, but must be a stock
holder. The board shall have full power
and authority to borrow money. execute
mortgages and create liens to issue bond 6.
notes and other obligations and to secure
! the same 10y mortgage. pledge or other
wise and generally to do any ana ali things
reasonable. convenient and necessary for
the proper carrying on Of the business Of
said corporation.
The first board OF directors shall be
composed of Archibald T. Marx. T4Y Ra-
rome street, New Orleans, La; Solomon
| Marx. . Rosa Park. New Orleans. La :
l.eandcr Marx, 23O1 state Street. New or
leans, La. Edward H. Loubat, 40 Ra-
| rome street. New Orleans. La. with Ar
chihald \. Marx, a president Lcandcr
| Mary. As vice president and Edward II
| I.ouhai. as secretary -trea Surcr. who shall
] hold office until, their successors are
elected on the Third Monday in Nav,
/ 1921. IT any other date upon which the
( annual meeting shall be held.
ARTICLE NI.-ThiS charter may be al.
/ tered. amended or changed upon comply.
! luz with tn" provisions of Act No 20 OF
| l9li relative to the same.
! ARTICLE NII-On dissolution of this
! purpose. II :
affairs shall be lquidated by two com.
miNSionerS. 10 be elected by the stOCkhOld-
crS. a provided nv Act No 28I of 1914.
ARTICLE VIII.-No stOckholdcr shall
ever he liable for any fault or omission
"r commission of this corporation in any
manner, except for the unpaid balance due
by MN on The shares of its capital stock
subscribed for and unpaid by him, for any
sum OF amount that he may he indebted
TO the corporation. No informality in the
organization of this corporation shall ex.
pos" the stockholders thereof to any liza.
hiiity, except as above provided.
ARTICLE IX.-The subscribers 70 the
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. WI order to have
TINS charter serve as the original sub
scription list.
Thus done and passed. at nv office in
the city of New Orleans Louisiana. on tn,
day. month and year hereinabove firs-
written In the presence of Warren v Mil.
| Ter and Charles Haggerty, competent wit.
nesSes who hereuntO sign their names with
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 HGggerty
FRED. c. 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,
thramar Company, Incorporated, was thi,
day duly recorded in my office in booI
..... folio.
New Orleans. La, MAY %. 1920.
| tSiEned) EMILE ]. LEONARD d. r.
\ true copy.
| FRED. G. MARX.
Notary Public
! June 3-JuIy 6