The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-15

UNITED STATES OF AMERICA, STATE
OF LOUISIANA. CITY OF NEW OK
LEANS.
Be II known, that on this fifth day Of the
month OF April In the year one thousand,
nne hundred and thirteen. before me, FeiiI
J. Dreyfou, a notary public, duly commits
stoned and sworn in for the parish OF Or
leans and city OF New Orleans, therein re-
siding personally appeared the persons
whose names are hereunto subscribed, VINO
declared that, svailing themselves OF the
provisions of the laws Of this state, relative
10 the organization OF corporations, they
have covenanted and agreed, and do, by
these presents, covenant and agree bind.
form and constitute themselves as well as
such other persons who may hereafter Joln
or become associated with them into cor
poration and body polite in law for the
objects and purposes, and under the agree
ments and stipulations following, to-wit:
ARTICLE |.
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
il shall exist for a period OF ninety nine
years from this day; 1t shall have power 10
contract sue and be sued, in its corporate
name to make and use 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 to issue bonds notes and other
Obligations, 10 nave anu employ SuCu hSu
ayers directors, officers, agents and other
employees as the interest and convenience
OF said corporation may require; and To
make and establish such bylaws, rules and
and control OF the affairs of said corpora
ton as may be deemed necessary and expe
dent.
ARTICLE III.
The domicile OF said corporation shall be
in the city OF New Orleans, state of Lou
isiana, and all citations and other Legal
process shall be served on the president
and in his absence, on the vice-president
and, in the absent> Of both Of these officers
on the secretary of said corporation.
ARTICLE Ill
The objects and purposes for which this
corporation Is organized and the nature
OF the business to be carried on by 1t are
hereby declared to be: TO deal in buy and
sell and own for its own account, and fol-
account OF Others, real estate lands, fran
chiSes. apartment houses and options there
on mortgage notes, bonds, shares of stoci
and other securities; TO lease, rent, hire and
manage property and quasipublic 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, vitagraphs, vaudeville and 9th
er places Of amusement; and generally e
do and engage in any other business, under
taking or enterprise connected with, grow
ing out Of germane or incidental to. any
OF the purposes hereinabove set forth, oil
ARTICLE ".
The capital stock OF this corporation !:
fixed at the sum OF fifty thousand $3.50, 000l
dollars, divided into five hundred shares OF
the par value OF one hundred dollars each
which shall be paid for in cash on the cal
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 non,assessable. 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 II:
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 al
business. The directors shall be selected
annually by the stockholders, at a meeting
to he held on the first Monday OF April o.
each year. Each stakeholder shall be enti
tied In person or by proxy to a vote To-
every share owned by him, and all cleo
tions shall be held under such rules and reg
ulations as may be determined by the boar
OF directors. The directors thus elected
shall continue in Office for one year o.
until their successors shall have been elect
ed and have qualified. No failure to cleo
shall be regarded as forfeiture of thi
charter. Any vacancy occurring on saiC
board shall be filled by the remaining di
rectors for the uneXpired term. The boaro
or directors shall at Its first meeting afte
Its election, nominate out Of Its number
president, a vice-president and a secretary
treasurer. Said board shall have the RICH
to segregate the position OF secretary treas
urer and may elect a secretary who neet
not be either director or a stakeholder AM
1t shall employ and dismiss such clerks
managers and other employees Of the corpor
alton as the interest and business of tn,
same may justify. Any OF the direction
shall have the right to appoint, by writer
instrument. another director or stockholde
to act as his proxy and in his sfead at an!
and all meetings Of the board OF directors
ARTICLE vi.
No stakeholder shall ever be held liabl
or responsible for the contracts, faults o.
debts Of this corporation, nor shall an,
mere informally in Its organization hav
the effect of rendering this charter void, o.
Of exposing q stakeholder to any liabilit,