The herald., 1912-04-18
CHARTER
OF THE ALEXANDRA 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
thlrty-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 ap-
peared the persons, whose names are here
unto subscribed, who declared that avail
ing themselves OF the provisions of the laws
or this state, relative TO the formation of
corporations for Athletic, Military. Gun
OF lSS2; and under Act as 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 NAV 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.
alton shall be the "Alhambra Gymnastic
Club Of Algiers," and under that name IL
shall have and enjoy all the rights and
privileges granted by law to corporations ;
it shall exist and continue for a period Of
nlnety-nlne 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
purchase, convey; transfer, mortgage, by
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 be
in the City of New Orleans, State of Lou
isiana and all citations and other legal
process shall be served upon the Preside5f !.
and in his absence or disability, upon the
first vice-president; and, in his absence or
disability, upon the second vice-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-
dtorium and Halls for the purposes of con
ventions, balls, drills, private theatricals.
10 law; TO provide and maintain Swimming
ranks and bathing conveniences, with all
their accessories.
ARTICLE ".
The capital stock of this corporation shall
be and Is hereby fixed at twenty-five thou
sand dollars $25,00O.O0), divided into and
represented by five hundred shares (5OO) of
the par value of fifty dollars ($5OOO) each,
and shall be issued at such times In such
amounts, and to such persons as the board
or directors may consider necessary, proper
ana 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
Dlnding 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
eviaenced 1y certlhcates, 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
first offer 1t to the corporation. through its
Board OF Directors, who shall notify each
stockholder, in writing, of said offer, and
each stockholder shall have thirty DAYS. in
which TO accept and purchase said stock at
lts DOCK value, In proportion to the amount
or stock already owned by him; provided
however, that such Limitation shall NOT he
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
proportlonate to their holdings
The bylaws of the corporation shall pro-
value Of stock.
This corporation shall begin business and
become going concern as soon as five thou
sand dollars (s5,00e00) OF its capital stock
shall have been subscribed.
ARTICLE V.
All the corporate powers of this corpor
alton shall be vested In and exercised bv
z Board OF Directors, composed of twenty-
nve (25) stockholders, any nine of which
snall constitute quorum for the transac-
tlon or all business; which said directors
snail De 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 a president, a first yice-presidanf
second vice-president, a treasurer. a fnsn
cial secretary, and a recording secretary
who shall constitute the elective officers az
this corporation; and until the election. to
be held, as above provided the followino
stockholders shall be and compose the firsf
Board Of Directors and ofacers of this cor.