The herald., 1913-04-10
CHARTER
OF FOTO REALTY & AMUSEMENT co


OF FOTO REALTY & AMUSEMENT COM
PANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW OR
LEANS.
Be it known, that on this fifth day of the
month of April in the year one thousand,
nine hundred and thirteen, before me, Feilx
j. DreyfOus a notary public, duly commits
stoned and sworn la 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, availing themselves of the
provisions of the laws of this state, relative
to the organization of corporations, they
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 a cor
poration and body polite in law for the
objects and purposes, and under the agree
ments and stipulations following, to-wit:
ARTICLE 1.
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
1t shall exist for a period of ninety
years from this day; it 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
ton 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
islana, and all citations and other Legal
process shall be served on the president
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.
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 fol-
account of Others, real estate, lands, fran
chlses, 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
strIct 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 &c
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, OF
contemplated by this charter.
ARTICLE w.
The capital stock of this corporation /:
| fixed at the sum OF fifty thousand $50, 000)
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 rnnHprpd All shares M hal
| be 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 IL
I affairs. shall be vested in and exercised b,
a board OF directors composed of three stock
holders, majority of whom shall consti
/ tute quorum for the transaction OF al
business. The directors shall be selecte,
annually by the stockholders. at a meetin
to be held on the first Monday of April o
each year. Each stakeholder Shall be emit
tied In person or by proxy TO a vote TO
every share owned by him. and all eleC
tfons shall be held under such rules and reg
ulations as may be determined by the boar
of directors. The directors thus electe
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 a forfeiture of thi
charter. Any vacancy occurring on sal
board shall be filled by the remaining d
rectors for the unexpired term. The boar
OF 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 rea:
urer and may elect secretary who nee
not be either director or a stakeholder, an
| IL shall employ and dismiss such clerks
managers and other employees of the corpol
alton as the interest and business of tn
same may justify. Any of the director
shall have the right to appoint, by write
instrument, another director or stockholde
to act as his proxy and in his stead at an
and all meetings of the board of director.
ARTICLE VI.
No stakeholder shall ever be held liabl
or responsible for the contracts, faults o
debts of this corporation, nor shall an
mere informality in its organization hav
the effect of rendering this charter void, o
Of exposing a stakeholder to any liabilit
beyond the unpaid balance due on the share
owned by him.