The herald., 1913-04-24

poration and body polite in law for the
objects and purposes, and under the agree
ments and sIipulations following, to-wit:
ARTICLE l.
The name and style of this corporation
shall be ''Foto Realty Amusement Com
pany," and, under that name, 1t shall have
and enjoy all the rights, advantages and
privileges granted by law to corporations
it shall exist for a period OF ninety-nin
years from this day it shall have power 20
contract sue and be sued, in its corporate
name; to make and use a corporate seal, and
the same to break or alter at pleasure; 10
hold receive, purchase convey, mortgage,
hypothecate or pledge property, both real
and personal; 10 issue bonds notes and other
obligations TO have and employ such man
ayers directors, officers, agents and other
employees the interest and convenience
of said corporation may require; ana 10
make and establish such bylaws, rules and
regulations for the corporate management
and control Of the affairs OF said corpora
tiOn as may be deemed necessary and expe'
dent.
ARTICLE H.
The dOmicile Of said corporation shall be
in the city of New Orleans, state OF Lou
isiana, and all citations and other legal
and in his absence, on the vice-president,
and in the absence Of both OF these officers,
on the secretary of said corporation.
ARTICLE III.
L
corporation Is organized and the nature
OF the business TO be carried on by II are
hereby declared 10 be: TO deal in buy ana
sell and own for its own account, and for
account OF others, real estate, lands, fran
chiscs, apartment houses and options there
on mortgage notes, bonds, shares OF stock
and other securities; 10 lease rent, hire and
manage property and quasi-publlc markets :;
and make leases as lessor or leSSeeS TO CON
struct or erect or TO contract for the con-
struction and erection OF buildings: TO oper-
ate theatres. yitagraphs, vaudeville and 9th
er places Of amusement; and generally TO
10 and engage in any other business, under
taking or enterprise connected with, grow
ing out Of germane or incidental 10, any
OF the purposes hereinabove set forth, or
contemplated by this charter
ARTICLE ".
The capital stock OF this corporation is
fixed at the sum OF fifty thousand ($5O,OOOl
dollars. divided into five hundred shares of
the par value of one hundred dollars each,
which shall be paid for in cash on the call
Of the board of directors, or given in pay
ment OF property purchased, or for ser
vices rendered. All shares Of stock shall
he full paid and worcestershire. No trans
fer Of stock shall be binding upon This com
pany unless recorded upon its books.
ARTICLE v.
All the corporate powers OF this corpora
ton. and the management and control OF its
affairs, shall be vested in and exercised by
a board OF directors composed OF three stock
holders, a majority OF whom shall consti-
tute a quorum for the transaction of all
business. The directors shall be selected
annually by the stockholders, at meeting
to be held on the first Monday of April OF
each year. Each stakeholder shall be emil
tied In person or by proxy to vote for
every share owned by him. and all cleo
tions shall be held under such rules and reg
ulatiOnS as may be determined by the board
of directors. The directors thus elected
shall continue in office for one year or
until their successors shall have been elect.
ed and have qualified. No failure to elect
shall be regarded as a forfeiture OF this
charter. Any vacancy occurring on said
board shall be filled by the remaining d.
rectOrs for the unexpired term. The board
OF directors shall at its first meeting after
its election, nominate out OF its number
president, a vice-president and secretary
treasurer. Said board shall have the right
to segregate the position OF secretary-treas-
urer and may elect a secretary who need
not he either a director or stakeholder, and
IL shall employ and dismiss such clerks.
managers and other employees Of the corpor
alton as the interest and business OF the
same may justify. Any Of the directors
shall have the right to appoint, by written
instrument. another director or stakeholder
TO act as his proxy and in his stead at any
and all meetings OF the board OF directors.
ARTICLE vi.
No stakeholder shall ever be held liable
responsible for the contracts, faults or
debts of this corporation, nor shall any
mere informality In Its organization have
the effect of rendering this charter void, or
OF exposing a stakeholder to any liability
beyond the unpaid balance due on the shares
ARTICLE VII.
This act OF Incorporation may be changed,
modified or altered or this corporation may
be dissolved, with the assent OF the stock
holders owning three-fourths OF the stock
OF the corporation, present or represented
at general meeting convened for that pur-
pose, and after at least ten days written
notice shall have been given through the
mail to each stakeholder at his last known
place Of residence. In case of dissolution,
by the expiration Of this charter, or other.
WISE the stockholders shall elect three II.
quidators from among their number to settle
the business and affairs OF this company
In case Of the death or disability of any one
Of said commissioners or liquidators, the
survivors shall appoint a successor to him.
ARTICLE VIII.
Immediately after the signing of this
charter the stockholders shall meet and
elect three directors who shall serve until
the election to be held in April, 1914.
This corporation shall be a going concern
as soon as ten thousand (s10, 100000 dollars
shall have been subscribed to its capital
stock.
Thus done and passed in my office on
the day, month and year first above written,
In the presence of Frank b. Twomey and
Joseph L. Weiss, competent witnesses, who
have signed with the parties and me, the
notary, after reading the whole.
Original signed: Names of subscribers
and number of shares subscribed by them
omitted.
Witnesses F. B. Twomey J. L. Weiss.
FELIX J. DREYF0US, Not. Pub.
I, the undersigned recorder OF mortgages
in and for the parish Of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
Foto Realty & Amusement Company was
this day duly recorded in my Office in book
| 1888, folio 300.
New Orleans, April Z, 1913.
(Signed) EMILE ]. LEONARD, D. r.
| true copy from the original act.
FELIX ]. DREYFOUS, Not. Pub.
| (SeaD 204 Carondelet St., New Orleans
| apr 10 II "a may ! s Is, 1913
| CHARTER
! OF p1IIT, ('RESAp COMPANY ITn