The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09
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 2jth 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 :. Mahoney
notary public, duly commissioned and
qualified, in and for this city and the Par
ish or 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
Practice and Social purposes, under Act H.
OF 1SS2; and under Act IS OF 1904, pro-
vlding 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
ARTICLE I.
The name, style and title Of this corpor-
Club OF Algiers," and under that name it
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 corporate seal. and the
same TO break at pleasure to hold receive,
purchase, convey, transfer, mortgage, hy-
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 ser-ed upon the President
and in his absence or disability, upon the
first yice-president; and, in his absence or
disability, upon the second vic1-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
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 100000, divided into and
represented by five hundred shares (5OO) OF
| the par value OF fifty dollars (Sj0.00) 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, &C
tually 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 OF the vice-presidents.
Before any stakeholder shall SELL pledge
or otherwise dispose Of his stock, he shall
first offer IL to the corporation. through its
Board OF Directors. who shall notify each
SlOCkuOlueT, IN WrlllDS, OF SAID O0er, 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 dc
not wish to purchase an amount equal OF
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 corp0r
alton shall be vested In and exercised by
| a Board of Directors, composed of twenty
| five (25) stockholders, any nine Of which
| shall constitute a quorum for the transac
tion OF all business; which said director:
shall be elected at a general meeting OF the
stockholders, TO be held on the first Tues
day of March in each year hereafter, anC
after due notice shall have been given.
|. Immediately after their election, said
Board of Directors shall elect from their
number a president, first vice-presldent, q
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 tC
| be held, as above provided, the followins
stockholders shall be and compose the flrst