The herald., 1920-07-01
CHARTER.

binding on the corporation unless record,
ed on its books. This corporation sHaI'
! begin business as soon - twenty Nv,
fLnusard dollars $50 O-u cor Of the capital
| stock is subscribed for.
ARTICLE N.-AH the corporate" powers
OF said corporation snail hr NcNt'h III an"
,.>,r,.I>,d Iy board Of directors com
pnsrd Of not less than three nor more
tIan five stockholders. said directors
shall oy elected annually on b" thIrd MOI"
day in May in each year. NJ -'i'l'.
stock holders meeting except tn" ilF~I
hoard ,ppniut,d in this charter. who ShiI
hold their offices until the third Monday
in May 1921. and until their Successors
Z are elected Al such elections snail ~
Held by ballot and conducted NJ the OF
ff,r of the roruuratiou. Notice of such
meeting and of all other Stockholders
meeting shall hc given in manner prs
rrihrd 10y law. and when not ;" pres
/ rrihpd then written notice Of ~uCh meet +
iu..s Shall be- deposited. 80 least ten days
rrinr to the date of such meetings III
the po~tofiirr Of IN" city Of New orleans.
addressed to each stockEcld"r ~ his IaSl
| know, address or place of residence. ~
IAN such elections and at all corporate
I meetings every stakeholder OF stock stand
| ing in has name on the books Of the cor
| poratiOn shall he entitled &" cast one ~
! vote for each share of stock standing IN
/ his name. the same to b" east by MN
/ in person or 10y his written proxy. ana
majority of the votes cast shall eject.
| ANY vacancy occurring among IN" dlr''-
| tors by death. resignation or otherwise,
| shall he filled 10y election for Ia" mex
/ pirrd term by the remaining directors
! \ failure TO elect directors on the day
| above specified shall nor dissolve the cor
| roratiou nor impair its corporate existence
| or management, but the directors then IN
| Office shall remain in office until their
/ Successors are elected and qualified. The
board of directors shall elect president
| a vice-prrSidunt. and secretary treas
eco tr - IL n
| be stockholders of the corporation ana
members of the board of directors. but
the SEQ rotary treasurer may or may not
he Il director or stakeholder. At the dis
erection of the board Of directors. The
number of directors shall Toe determined
by the stockholders at each annual meet
ing. The board of directors shall have
power and authority Z" appoint Su'h
agents. managers. officers and other en-
pluycr necessary in their judgment to con
duct the business of the corporation, and
to give to such agents. managers. OIL
GERS and 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 to
fix the compensation and define the duties
of every officer and employr 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
! uidllOHS necessary anu proper III It's luN-
ment for the conduct. support and man
| agemcnt of the business and affairs of said
corporation. At all meetings Of the board
Of directors each director shall have the
right to appoint proxy 10 act in his place
and stead, the person so appointed need
not be a director, but must bc a stock
holder. The board shall have full power
and authority to borrow money, execute
mort cages 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
the proper carrying on Of the business of
, ! said corporation.
, The first board of directors shall be
composed of Archibald \. Marx. 40 Ba-
, rome street. New Orleans. La: Solomon
5 Marx, Rosa Park. New Orleans. La. ;
, Leandcr Marx. 1901 State Street New Or
leans. La; Edward II. LOubat, 40 Ba-
rcnne street. New Orleans La with Ar
q chibald \. Marx, aS president. Leander
Marx, aS vce-president and Edward II.
LOubat. as secretary treasurer. who shall
hold office until their SUCCESSORS are
| elected on the Third Monday in May,
1921, pr any other date upon which the
annual meeting shall be held.
ARTICLE VI.-This charter may be al
tered, amended or changed upon comply.
ing with the provisions of Act No 2Gi of
1914 relative to the same.
ARTICLE VII.-On dissolution of this
corporation for any reason or purpose its
: affairs shall be liquidated 10y two com
y IniSSioners. to be elected by the stOckhOld-
= erS. aS provided by Act No. 287 of 1914.
= ARTICLE VIII.-No stakeholder shall
o ever be liable for any fault or omission
: or commission of this corporation, in any
! manher. except for the unpaid balance due
+ by him on the shares of its capital stock
=, | subscribed for and unpaid by him for an,
a sum OF amount that h. may he indebted
l. to the corporation. No informality in tn,
y organization of this corporation shall ex
IS pose the stockholders thereof to any liza
N Dlllty, except as above provided.
i ARTICLE IX.-The subscribers TO III
IS capital stock of this corporation have writ
10 ten opposite their names the amount an,
=, number of shares of such capital stocl
a. subscribed for by them. WI order to hav
he TINS charter serve as the original sub
ly Scription list.
ar Thus done and passed. ut nv office i
ad the city OF New Orleans. Louisiana on IN
ee DAY, month and year hereinaboye frs
er written In the presence of Warren V Nil
D Ter ana CHARLES Haggerty. competent wit
10 heSSes VINO hereuntO sign their names wit
iy the said appearers and me- notary afte
es que reading of the whole. InterliDeatio
a. ana erasure made and approved befor
signing.
is Witnesses:
n Warren V. Miller
r. Charles Haggerty.
nd FRED c. MARX.
x Notary Public
nd OF Mortgages for the parish of OrIean
ue state of Louisiana, do hereby certify IN,
tie me above and foregoing charter of m
ak Slaramar Company, Incorporated was m
Sc, day duly recorded in my office i'm hoo
r. ...., folio.. O'O
r. New Orleans. La. May o. 1920
II: ,Slsned) EMILE J. LEONARD, n. r.
rs. true copy.
81 FRED. G. MARX
re- Notary Publi
nd June 3-July S.