The herald., 1914-03-12
ACT OF INCORPORATION

OF ITEM ANIMATED WEEKLY, INC.
State Of Louisiana, Parish Of Orleans, City of
New Orleans.
BE 1t known, That on this eighteenth day
Of the month Of February, in the year of our
Lord, one thousand nine hundred and four
teen, and of the Independence of the United
States of America, the one hundred and thir-
ty-eighth, before me, Philip Gensler, IT., a
ned, IN and Tor the City OF New Orleans, in
the Parish OF Orleans, and State of Louis
lana, domiciliated in the said City and Par
Ish, and in the presence of the witnesses
hereinafter named and undersigned, person.
ally came and appeared the persons whose
names are hereuntO subscribed, all above
the age Of majority, and residents of this
City, Parish and State, who severally de-
Clared that avaiing themselves of the provi-
slons OF the laws of this State relative to
the organization OF corporations in general,
and especially Of the provisions OF Act No.
Is OF 1904 of the General Assembly of the
State Of Louisiana, they have covenanted and
agreed, and by these presents do covenant
and agree, bind, form and constitute them
selves, as well as such other persons as may
hereafter join or become associated with them,
into corporation and body polite in law,
for the objects and purposes, and under the
agreements and stipulations following, to-wit:
Article !. The name and title of the cor
poration shall be Item Animated Weekly,
Inc, and its domicile shall be in the Civ
OF New Orleans, Parish of Orleans, and State
OF Louisiana. Under its corporate name the
authority to exist and enjoy succession for
the full term OF ninety-nine years, from the
date hereof, unless sooner dissolved to con-
tract, sue and TO be sued; to make and use
a corporate seal, and TO break, alter and
change the same at pleasure; to have, hold,
use, purchase, own, receive, lease, sell, con-
vey, mortgage and hypothecate or pledge
property real, personal and Mixed to Dor
row money, and to lend any portion of its
income, proceeding from its capital stock or
otherwise, and TO give and receive securi-
ties therefor; 10 make advances on real and
personal securities; to elect and appoint such
othcers, directors, managers, agents and en-
ployes as the interest and convenience of the
corporation may require; 10 make and estab-
llsh such bylaws rules and regulations for
the proper management of the affairs of the
corporation as may be necessary and proper,
and the same to change, alter, amend or abro-
gate at pleasure, and generally to do and per-
form al acts, matters and things as may be
incidental to the corporation, or requisite and
necessary to carry out the objects and pur.
poses OF the same.
Article III. All citation or other legal pro-
cess shall be served upon the President of
this corporation, o. in case of his absence
or inability 10 act, upon the Vice President
or in the event of the absence or inability
TO act of both the President and Vice Presi.
dent, upon the Secretary and Treasurer
thereof.
Article III. The objects and purposes for
which this corporation is organized, and the
business to be carried on by il, are hereby
declared to be: To produce, operate and ex-
hioit motion pictures; to manufacture, TO buy,
TO sell, 10 lease, and to exchange motion pic
lures, and all apparatus and supplies per
tanning 10 the motion picture industry: 10
eNhioIt motion pictures, and TO engage gen.
orally IN IN the motion picture business.
Article ~. The capital stock of fhis cor
poration is hereby fixed at the sam of ten
Thousand (Sl00O0.00 dollars, to be divided
INTO and represented by two hundred shares
Of the par value of fifty 5000 dollars each.
he pa1I g. Il ,
for by the Board Of Directors, or may be is.
sued as full paid stock in payment or in ex-
change Tor property or rights actually re.
ceived or purchased by the corporation, and
IN payment of services rendered. and all
stock shall be paid in full and non assessable,
No shares OF stock shall be transferred ex.
cept on the books OF the corporation, and
NOT until the certificate or certificates evil
denelng the same, properly endorsed, shall
have been delivered to the corporation and
duly cancelled; and the corporation shall have
the right to refuse TO make such transfer
upon It's books as long as the owner of the
ton.
The Board of Directors shall have the right
to call in and purchase at their book value,
as shown by the inventory last made such
share or shares OF stock as may be inherited
from any of the stockholders who NAV die
All retired shares Of stock may be re-issued
by the Board Of Directors, at not less than
their book value.
No stakeholder shall have the right to sell
or dispose Of his stock without first offering
It IN writing, for ten days, through the Board
OF Directors, to the other stockholders in
proportion to their respective holdings, at a
price not in excess of the book value as of
the date of such offer, and if any stock.
holder refuses to purchase, the others shall
nave the right to buy the same in proportion
to their respective holdings; if all the stock.
holders refuse to buy, then said stock may
be sold TO any one.
his corporation shall begin business as
soon as three thousand 5000 Oo1 dollars ~