The herald., 1912-04-25
CHARTER
OF THE "ALHAMBRA GYMNASTIC CLUB
OF ALGIERS."


UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be it known, that on this 25th day of
the month OF March, in the year OF our
Lord, one thousand nine hundred and twelve,
and of the independence of the United
States of America, the one hundred and
thirty-sixth, before me, Martin S. Mahoney,
notary public, duly commissioned and
qualified, in and for this city and the Par
ish of Orleans, therein residing, and in the
presence OF the witnesses hereinafter named
and undersigned; personally came and APP
peared: the persons, whose names are here
unto subscribed, who declared that, avail
Ing themselves Of the provisions of the laws
OF this state, relative to the formation of
corporations for Athletic, Military, Gun
Practice and Social purposes, under Act 112
of 1882; and under Act IS of 1904, pro-
viding for the formation of corporations for
the carrying on different kinds of business
and providing capital stock, they hace Gov
enanted and agreed, and do, by these pres
ents, covenant, agree and bind themselves,
as well as such other persons as may here
after become associated with them, into a
corporation and body polite in law, for the
objects and purposes, and under the agree
ments and stipulations, following, to-wit:
ARTICLE I.
The name, style and title Of this corpor.
Club Of Algiers," and under that name il
shall have and enjoy all the rights and
privileges granted by law to corporations
1t shall exist and continue for period OF
ninety-nine years, unless sooner dissolved
by mutual consent, from date hereof; II
shall have power to contract. sue and be
sued in its said corporate name; to make
use and adopt a corporate seal, and the
same to break at pleasure; to hold, receive
purchase convey, transfer, mortgage, nv.
pothecate and pledge property, both real
and personal; to issue notes, bonds and
other obligations; to have and to employ
such officers, directors, managers, agents and
employees, as the interests Of said corpor
alton may require; to make such bylaws
rules and regulations for the proper man
agement OF the affairs OF the corporation
as may be necessary and expedient.
ARTICLE II.
The domicile of this corporation shall b
in the City of New Orleans. State of Lou
isiana; and all citations and other Legal
process shall be served upon the President
and in his absence or disability upon the
first vice-president; and, in his absence oil
disability, upon the second vicApresident
and, In the absence or disability of the pres
ident and vice-presidents, then upon tn,
secretary of the corporation.
ARIlCLE Ill.
The objects and purposes for which thi.
corporation Is organized, and the natur,
OF the business to be carried on by II are
hereby declared to be: To promote Athletic
Social, Literary and Scientific exercises an(
amusements of all kinds to provide an Au
ditorium and Halls, for the purposes of con
ventions, balls, drills, private theatricals
and all other entertainments, not contrar,
TO law; to provide and maintain Swimmin,
Tanks and bathing conveniences with al
their accessories.
ARTICLE Nv.
The capital stock of this corporation shall
be and Is hereby fixed at twenty-five thou
sand dollars (S25, 000.00), divided into anC
represented by five hundred shares 5000 O.
the par value of fifty dollars ($5O.0O) each
and shall be issued at such times, in sucl
amounts, and to such persons as the boarC
of directors may consider necessary, prope
and advisable; and shall be paid for in cash
upon such terms, as the Board Of Directors
may direct, or may be issued for work, &C
tually done or services rendered
No transfer Of stock shall be valid an,
binding upon the corporation, unless ant
until the same has been entered, in the nam,
Of the owner, upon the books of the cor
poration; said stock to be represented an,
evidenced by certificates, issued and signe,
by the president and the financial secretary
and in the absence of the president, B,
either OF the vice-presidents.
Before any stakeholder shall sell. pledg
or otherwise dispose of his stock, he shat
nrst oner 1t to the corporation. through IL
Board or Directors, who shall notify eacl
stakeholder, In writing, of said offer, an,
each stockholder shall have thirty DAYS. Il
which to accept and purchase said stock a
Its book value, in proportion to the amour
or stock already owned by him; provided
however, that such Limitation shall not b
construed to the extent of preventing an,
one or more OF the stockholders from pur
chasing all or any Of the stock so offered
In the event that the other stockholders al
not wish to purchase an amount equal o
proportionate to their holdings.
The bylaws OF the corporation shall pro
value of stock.
This corporation shall begin business an
become going concern as soon as five thou
sand dollars (S5,00000) of its capital stoc
shall have been subscribed.
ARTICLE v.
All the corporate powers Of this corpor
alton shall be vested In and exercised h
a Board of Directors, composed of twenty
nve (2o) stockholders, any nine of whIc
snail constitute a quorum for the transaC
ton OF all business; which said director
snail be elected at a general meeting of tn
stockholders, to be held on the first Tues
DAY or March In each year hereafter, an
after Que notice shall have been given.
Immediately after their election. sal
Board OF Directors shall elect from thei
| number a president, a first vice-president.
second vice-president, treasurer. a finar
clal secretary, and a recording secretary
who shall constitute the elective officers q
this corporation; and until the election I
| be held, as above provided, the followin
stocknolders shall be and compose the frs