The herald., 1912-04-11
ARTICLE I.

The name, style and title of this corpor
alton shall be the "Alhambra Gymnastic
Club OF Algiers," and under that name II
shall have and enjoy all the rights and
privileges granted by law to corporations ;
II shall exist and continue for a period OF
ninety-nlne years, unless sooner dissolved
by mutual consent, from date hereof: II
snail have power TO contract sue and he
sued In It's 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
ana 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 corner
ation may require; to make such bylaws
agement of the affairs of the CORPORATION
as may be necessary and expedient.
ARTICLE II.
The domicile of this corporation shall be
In the City of New Orleans State of Lon
isiana; and all citations and other legal
and in his absence or disability. upon the
first yice-president; and, In his absence or
disability. upon the second vice-president
and. in the absence or disability of the pres,
ident and vice-presidents, then upon the
secretary of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized, and the nature
or the business TO be carried on by ii are
hereby declared to be: To promote Athletic.
Social, Literary and Scientific exercises and
amusements of all kinds to provide an Au-
ditorium and Halls, for the purposes of con
ventions, balls, drills, private theatricals
ana all other entertainments, not contrary
10 law; TO provide and maintain Swimming
ranks and bathing conveniences, with all
ARTICLE ".
The capital stock of this corporation shall
be and Is hereby fixed at twenty-five thou
sand dollars ($25, 100000, divided into and
represented by i've hundred shares (5OO) of
the par value of fifty dollars $50 OOl each
and shall be issued at such times. in such
amounts, and to such persons as the board
OF directors may consider necessary proper
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. ac-
tually done or services rendered
NO transfer OF stock shall be valid and
D1nding upon the corporation, unless and
until the same has been entered in the name
or the owner, upon the books OF the cor
poration; said stock to be represented and
evidenced by certificates issued and signed
by the president and the financial secretary
and in the absence OF the president. by
either OF the vice-presidents.
before any stakeholder shall sell, pledge
or otherwise dispose of his stock, he shall
a. 81 OheI ~ ~ the corporation. through its
Board of Directors who shall notify each
stoekholder, in writing, of said offer and
each stakeholder shall have thirty DAYS. in
winch TO accept and purchase said stock at
It's DOCK value, in proportion to the amount
or stock already owned by him; provided
however. that such Limitation shall not be
construed TO the extent of preventing any
one or more OF the stockholders from pur-
chasing all or any OF the stock so offered |
IN lhe event that the other stockholders do |
not wish TO purchase an amount equal or
pr0portionate to their holdings.
The bylaws of the corporation shall pro |
vide method for determining the book |
value OF stock
This corporation shall begin business and
become going concern as soon as five thou
sand dollars (S5,00eOO) Of its capital stock
shall have been subscribed.
ARTICLE V.
All the corporate powers Of this corpor-
alton shall be vested in and exercised by |
a Board or Directors, composed of twenty
nVe (2o) stockholders, any nine OF which /
snall constitute a quorum for the transac-
ton OF all business which said directors
snail be elected at a general meeting of the
stockholders, to be held on the first Tues
day or March in each year hereafter and |
after due notice shall have been given.
Immediately after their election, said
Board of Directors shall elect from their
number president, a first vice-presldent. a
second vlce-president, treasurer, a finan-
clal secretary, and a recording secretary
who shall constitute the elective officers OF
this corporation; and until the election to
Oe held, as above provided, the following
Board OF Directors and officers of this cor