The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-02
CHARTER
OF THE "ALHAMBRA GYMNASTIC CLUB
OF ALGIERS."


UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
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
| 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 ap-
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 forma ton OF
corporations for Athletic, Military, Gun
Practice and Social purposes, under Act l12
Of 1882; and under Act rs 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 AMI purposes, and under the agree
ments and stipulations, following, to-wit:
ARTICLE I.
The name, style and title Of this corpor.
| alton shall be the "Alhambra Gymnastic
Club Of Algiers," and under that name 1t
| shall have and enjoy all the rights and
| privileges granted by law to corporations
| 1t shall exist and continue for a period OF
ninety-nine years, unless sooner dissolved
by mutual consent, from date hereof; il
| 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
4 mn ahnG
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
| 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 expedent.
ARTICLE II.
| The domicile of this corporation shall be
! 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
| disability, upon the second vic.-president
| and in the absence or disability of the pres
| ident and vice-presdents, then upon the
secretary of the corporation.
ARTICLE III.
The objects and purposes for which this
| corporation is organized. and the nature
| of the business to be carried on by IL 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
and all other entertainments, not contrary
to law; to provide and maintain Swimming
Tanks and bathing conveniences, with al
| their accessories.
ARTICLE ".
The capital stock OF this corporation shall
| be and Is hereby fixed at twenty-five thou
sand dollars (S35, GOO. 0OJ, divided into and
| represented by five hundred shares 5000 OF
the par value of fifty dollars ($5O.0O) each
| and shall be issued at such times, in such
| 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, &C
tuaIly done or services rendered.
No transfer OF stock shall be valid and
| binding upon the corporation, unless and
| until the same has been entered, in the name
| of 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 or the vice presidents.
Before any stakeholder shall sell, pledge
| or otherwise dispose OF his stock, he shall
hrst oner IL to the corporation. through its
BOARD OF directors, VINO shall notify each
| stockholder, in writing, Of said Offer and
each stakeholder shall have thirty DAYS, In
which TO accept and purchase said stock al
| Its book value, in proportion to the amount
| OF 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 the event that the other stockholders do
not wish TO purchase an amount equal or
| proportionate 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 (S5,000.00) 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
| Board of Directors, composed of twenty.
| hve (2o) stockholders, any nine OF which
| shall constitute a quorum for the transac.
ton or all business; which said directors
| shall be elected at general meeting OF the
| stockholders, to be held on the first Tues
day OF 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, first vice-president. a
second vice-president, treasurer, a fnan.
cial secretary, and a recording secretary
who shall constitute the elective officers OF
this corporation and until the election To
be held, as above provided, the following
stockholders shall be and compose the first
nnar ~ 90