The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-26
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
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
notary public, duly commissioned and quail
fed, in and for the City of New Orleans in
the Parish Of Orleans, and State of Louis
lana, domiciliatS 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 availing themselves of the provi-
sions of the laws of this State relative to
the organization of corporations in general,
and especially OF the provisions of Act No.
70 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 a 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 City
Of New Orleans, Parish of Orleans, and State
of Louisiana. Under its corporate name the
said corporation shall have the power and
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
n nd 70 uyst.a a,A
ties therefor; TO make advances on real and
personal securities; TO elect and appoint such
officers, directors, managers, agents and en-
ployes as the interest and convenience of the
corporation may require; to 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 II. All citation or other legal pro-
cess shall be served upon the President of
tins corporation, or in case of his absence
Or inability to 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
whlch TINS corporation is organized, and the
business TO be carried on by it, are hereby
declared TO be: To produce operate and eX-
nbit motion pictures; to manufacture. to buy.
10 sell, to lease, and to exchange motion mic
lures, and all apparatus and supplies per
tanning to the motion picture industry; to
exhibit motion pictures, and to engage gen
orally in the motion picture business
Article ~. The capital stock of this cor.
poration IS hereby fixed at the sum of ten
thousand Sl0ooo.OO dollars, to be divided
into and represented by two hundred shares
II the par value of fifty $4,000 dollars each
All stock shall be paid for in cash, as called
Tor by the Board of Directors, or NAV be is
,p as tuli paid stock in payment or in ex.
,n;raS LOT PrGPeIty or rights actually re-
n payment OF services rendered; and all
stock shall be paid in full and non.assessabIe
NO shares OF stock shall be transferred ex.
,ePt on the books OF the corporation, and
lot until the certificate or certificates evil
lencIng the same, properly endorsed, shall
ave been delivered to the corporation and
fully cancelled; and the corporation shall have
ne right 10 refuse to make such transfer
ipon ITS books as long as the owner of the
ion. ia
The Board Of Directors shall have the right
o call in and purchase at their book value.
$ shown by the inventory last made, such
mare or shareS OF stock as may be inherited
rom any of the stockholders who NAV die.
MI retired shares of stock may be re.issued
y the Board OF Directors, at not less than
heir book value
No stakeholder shall have the right to sell
r dispose Of his stock without first Offering
t IN writing, for ten days, through the Board |
I Directors, TO the other stockholders. in |
roportion TO their respective holdings, at a |
rice not IN excess OF the book value as OF |
ne date of such offer, and if any stock |
older refuses to purchase, the others shall |
ave the right to buy the same in proportion |
their respective holdings; If all the stock. |
oiaers refuse to buy, then said stock may
his corporation shall begin business az
bon as three thousand (s5,0OO.OO) dollars of |