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 II 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
| thirty-eighth, before me, Charles F. Flet-
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 hcreuntO subscribed, all being Of
| the full age of majority. who severally &c
| clared that availin& themselves of the prOvi-
| siOns of the laws Of the state of Louisiana
| relative to the organization of corporations,
| the have contracted and agreed. and do by
| these presents contract and agree and bind
! and oDngate themselves, as well as all such
| persons 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 corporation
| shall he "The Concessions Company" and its
domicile Is hereby established in New Or
! leans, parish of Orleans, state Of Louisiana.
and shall have and enjoy corporate existence
! for a period of ninety-nine years from the
date hereof. II shall have the right TO con-
! tract sue and be sued TO make and use a
alter at pleasure; TO have, receive, hold,
| purchase, improve, ALLEVIATE, convey, sell.
| borrow. lease, rent, suitcase. pledge, mort
| gage, hypOthecate, sign and transfer under
| its corporate name property, real, personal
do a general business as hereinafter set forth
| with all tne powers conferred upon corpOr-
ations of 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
IL Nnrnf ion m In hi aI- ina
bility to act, upon the vice president.
Article ITI.-The objects and purposes
for which this corporation is organized, and
the nature of the business to be carried on
by At are declared to be. to own, lease and
1 operate amusement parks, public or private,
and any and ali 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-
fectionery establishments, theaters, moving
picture shows, vaudeville performances,
roller coasters, etc, and generally al husi-
nesses of a nature similar to the foregoing,
and to carry out the requirements and needs
of same by any means appropriate and con-
venient; to do and undertake any and all
things necessary or incidental thereto to
enter into all contracts, agreements or en-
gagementS or Incur anY obligations connected
with or appertaining to said business or ap-
proprIate to its effectual prosecution; to es-
tablish 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 at the sum TWEEN
| ty-tive thousand (S2J, 000O0) dollars di-
vided 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
! for property actually purchased or for SER
! vices actually rendered to the corporation.
or the anne 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
tiOn. 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 OF his stock must first offer 1t in writ
ing to the president of this company at the
lowest figure he is willing to accept. The
president shall then have ten days from the
r date of said notice in which to purchase
] all or any part Of said offered stock. Should
part of said stock, within the ten days
then and in that event any unsold part OF
the offered stock may be sold elsewhere, but
7 at price not lower than that at which II
+ was offered to said president.
e This corporation shall be authorized to
e commence business as soon as three thou
9 sand lS3,OOO,O0) dollars Of Its capital stock
4 shall have been subscribed and paid for.
D The board of directors shall have the right
$ to determine at what time and in what man
d ner the remainder Of the stock shall b.
e issued.
+ The parties to this act declare that they
hereby subscribe for the numhpr of Sharp
/ of said capital stock set opposite their re
: spective signatures hereto, so that this &C
Y of Incorporation shall also serve as an orig
l. inal subscription.
: this corporation shall be managed and con
n Quoted by a board of three directors. VIII,
II shall all be stockholders A majority o
the directors of this corporation present a
: any meeting in person or by proxy, shall
q constitute a quorum, and majority vote o
= those present In person or by proxy shall de
d eide all questions voted upon. Said director
n shall be elected annually from among tn
9 stockholders on the first Tuesday in Decem
e Der OF each year, unless the same shall
y a legal holiday, when the election shall b
J. held on the next legal day thereafter, begin
n ming on the first Tuesday In December 1915
n and after ten days prior written notice hay
J. Ing been sent to each stakeholder of recor
by mail to his last known address.
II The board Of directors shall appoint tw
l. stockholders as commissioners to preside a
p such election. The voting shall be by ballo
2 and each stakeholder shall be entitled I
e cast one vote for each share held by hin
r which has been standing In his name o
d the books of said corporation for at leas
d ten days prior to the date of the election.
T. majority Of the entire stock issued and GU
e standing voting at such meeting shall cleo
Immediately after the election of sal
l. board Of directors and the adjournment {
+ board Of directors shall elect from anon