The herald., 1913-05-08
CHARTER
OF FOTO REALTY & AMUSEMENT CON-
PANl-

UNITED STATES OF AMERICA, STATE
LEANS.
Be Ii known that on this fifth day OF the
month OF April in the year one thousand,
nine hundred and thirteen. before me, Felix
]. DreyfOus 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. who
declared that, ayailing themselves OF the
provisions OF the laws of this state. relative
have coyenanted and agreed. and do, by
these presents, covenant and agree bind,
form and constitute themselves as well as
such other persons who may hereafter join
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 4 Amusement Com
pany," and, under that name, ii shall have
and enjoy all the rights, advantages and
privileges granted by law to corporations
it shall exist for a period Of ninety nine
years from this day 1t shall have power to
contract sue and be sued, in its corporate
name TO make and use corporate seal, and
the same to break or alter at pleasure; TO
hold, receive, purchase convey, mortgage,
hypOthecate or pledge property, both real
and personal; to issue bonds notes and other
obligations; to have and employ such man
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
regulations for the corporate management
and control Of the affairs of said corpora
tion as may be deemed necessary and expe-
dent.
ARTICLE II.
The dOmicie OF said corporation shall be
in the city of New Orleans, state of Lou
isana, and all citations and other legal
process shall be served on the president,
and, in his absence, on the vice president,
and, in the abSenS Of both OF these officers,
on the secretary of said corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature
of the business to be carried on by IL are
hereby declared to be to deal in buy and
sell and own for its own account, and for
account OF others, real estate, lands, fran
chises, apartment houses and options there
on mortgage notes, bonds, shares of stock
and other securities to lease, rent, hire and
manage property and quasi-public markets !;
and make leases as lessor or lessees to con-
struct or erect or to contract for the con-
and erection OF buildings; to oper-
ate theatres, vitagraphs, vaudeville and 9TH
er places OF amusement; and generally to
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 nerelna00ve set forth, or
contemplated by this charter.
ARTICLE Nv.
The capital stock of this corporation Is
fixed at the sum of fifty thousand $3.50, ,0OO)
dollars, divided into five hundred shares OF
the par value OF one hundred dollars each.
which shall be paid for in cash on the cali
OF the board OF directors, or given in pay
ment OF property purchased, or for ser
vices rendered. All shares OF stock shall
be full paid and non-assessable. No trans
fnr hn1 kA hfw.lf ~1.s
pany unless recorded upon Its books.
ARTICLE V.
All the corporate powers OF this corpora
tion. and the management and control Of its
affairs, shall BE vested in and exercised by
a board OF directors composed of three stock
holders, majority of whom shall consti-
tute a quorum for the transaction of all
business. The directors shall be selected
annually by the stockholders, at a meeting
to be held on the first Monday OF April OF
each year. Each stockholder Shall be enti.
tied In person or by proxy to a vote for
every share owned by him, and all elec.
ttons 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 forfeiture Of this
board shall be filed by the remaining di.
rectors for the unexpired term. The board
OF directors shall at Its first meeting after
us election, nominate out Of its number q
president, vice-president and a secretary.
treasurer. Said board shall have the right
to segregate the position Of secretary-treas-
urer and may elect a secretary who need
not be either director or a stockholder, and
1t 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 stockholder
TO act as his proxy and in his stead at any
and all meetings of the board Of directors.
ARTICLE vi.
No stockholder shall ever be held liable
Or 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
'f exposing a stockholder to any liability