The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-31
CHARTER

CHARTER
OF THE CONCESSIONS COMPANY
United States Of America, State Of LOuiSi-
ana. Parish of Orleans, City Of New Or
leans.
BE IL known that on this seventeenth day
OF The month Of July. in the year Of our
Lord. one thousand nine hundred and thir-
teen. and Of the Independence Of the United
States of America the one hundred and
tnirty-eiEhth, before me, Charles F. Flct-
chingcr. a notary public duly commissioned
sworn and qualified in and for the parish OF
Orleans. state Of Louisiana. therein residing
and in the presence Of the witnesses herein
after named and undersigned. personally
came and appeared the several persons whose
names are hereuntO subscribed all being Of
the fun age Of ma jOrity, who ScYerally &c
clared thai availing themselves Of the prOyi-
sions Of the laws Of the state of Louisiana
relative 10 the organization Of corpora lions
the have contracted and agreed. and 10 hy
these presents contract and agree and bind
and O..IEate themselves, well as all such
persons as may hereafter become associated
with them. to form and constitute a corpor
alton and body polite In law for the pur-
poses and objects and under the StipulatiOnS
articles and conditions following. to-wit:
Article 1.-The name OF this corpora ton
shall be The concessions Company" and its
dOmicile Is hereby established in New Or
leans, parish Of Orleans, state OF louisiana
and shall have and en- iOv corporate existence
for period Of ninety-nine years from the
date hereof. 1t shall have the right to con-
tract sue and be sued TO make and use a
corporate seal, and the same 10 break and
alter at pleasure; to have, receive, hold
purchase, improve ALLEVIATE. convey, SELL
borrow. lease. rent, suitcase. pledge mort
gage, hyp0thecate, sign and transfer under
us corporate name property, real, personal
do general business as hereinafter set forth
with all the powers conferred upon cOrpOr-
atiOnS of a similar nature by the laws of
this state, and not inconsistent with the
laws Of the United States.
Article lI.-All citation or other legal pro
cess shall be served upon the president of
this corporation, or in his absence or ina
billty 10 act upon the vice-preSident.
Article lll.-The objects and purposes
Tor which this corporation Is organized, and
the nature of the business to be carried on
by 1t are declared 10 be. TO own, lease and
operate amusement parks public or private
and any and all other similar places of plea
sure anu recreation to own, lease and oper-
ate any and all park concessions and gen
orally any and all concessions Of the char
acteT usual TO such places of amusement and
recreation, and any and all concessions no
matter where located but such as are usu-
ally found and operated in parks public or
private; TO own, lease and operate restau-
rants, tobacco stands, soda fountains CON
fectlOnery establishments theaterS, moving
picture shows, vaudeville performances,
roller coasters, etc, and generally an bust
nesses of nature similar TO the foregoing
and 10 carry out the requirements and needs
or same by any means appropriate and CON
vehlcnt; TO do and undertake any and all
things necessary or incidental thereto TO
Gagements or incur any obligations connected
with or appertaining to said business or ap-
proprIate to its effectual prosecution; to es-
taDllsh branches or agencies at any place or
places that the board of directors may deem
desirable, and at the option of its board OF
directors TO carry on any part OF its bust
ness anu exercise any part OF its powers out
side of the state of louisiana.
Article IV-The capital stock Of this cor
poration is hereby fixed al the sum Oh TWEEN
ty-hye thousand tS25,000.00D dollars, di-
vlded into and represented by two hundred
and fifty shares of the par value of one
hundred dollars each, which said stock shall
be Issued for cash or its equivalent, or may
be issued at not less than par for payment
Tor property actually purchased or for SER
vices actually rendered to the corporation
or the SHINE may be issued full paid for
money advanced or for such other valuable
consideration or services. as the board of
directors may determine, provided that no
stock shall be issued until the consideration
therefor has been received by the corpora
ton. All stock shall be full paid and non
aSSeSsable, and no transfer of stock shall be
binding upon said company unless recorded
on the books of said company
Any stakeholder wishing to sell all or any
part or his stock must first offer IL In writ
ing to the president of this company at the
lowest inquire he is willing to accept. The
president shall then have ten DAYS from the
date of said notice in which to purchase
all or any part Of said offered stock Should
me said president fail to purchase all or any
~.
then and In that event any unsold part of
the offered stock may be sold elsewhere but
at price not lower than that at which II
was offered to said president.
This corporation shall be authorized TO
commence business as soon as three thou
sand lS3,OOO.OO) dollars of its capital stock
shall have been subscribed and paid for
The board of directors shall have the right
10 determine at what time and in what man
nner the remainder Of the stock shall be
issued.
The parties to this act declare that they
hereby subscribe for the number of shares
OF said capital stock set opposite their re-
SpectlVe signatures hereto so that this act
OF Incorporation shall also serve as an orig
inal subscription.
Article V.-The business and affairs of
this corporation shall be managed and CON
Quoted by board of three directors. who
shall all be stockholders. A majority of
the directors of this corporation present at
any meeting in person or by proxy. shall
constitute quorum, and a ma jOrity vote of
those present In person or by proxy shall de-
eide all questions voted upon. Said directors
shall be elected annually from among the
stockholders on the first Tuesday in Deem
Der of each year, unless the same shall be
legal holiday, when the election shall be
held on the next legal day thereafter, begin
ming on the first Tuesday in December, 1914
and after ten days prior written notice hav-
Ing been sent TO each stakeholder of record
by mail TO his last known address.
The board OF directors shall appoint two
stockholders as commissioners to preside at
such election. The voting shall be by ballot,
and each stakeholder shall be entitled 10
cast one vote for each share held BY him.
which has been standing In his name on
the books Of said corporation for at least
ten days prior to the date of the election. A
majority of the entire stock issued and out
standing voting at such meeting shall elect
Immediately after the election of said
board Of directors and the adjournment of
the stockholders meeting, the newly elected
board Of directors shall elect from among