The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-19
ACT OF INCORPORATION
OF ITEM ANIMATED WEEKLY 7

VT llEM HNlMAlED SEEhL1, lNC.
State of Louisiana, Parish of Orleans. City OF
New Orleans.
BE IT known, That 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, Jr, a
notary public, duly commissioned and quail
ned, in and for 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 severaly de-
clared that availing themselves of the provi-
sons of the laws of this State relative to
the organization of corporations in general,
and especially of the provisions of Act No.
rs of 1904 of the General Assembly of the
State OF Louisiana, they have covenanted and
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 stpulations 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
said corporation shall have the power and
authority to ext 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 OF 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; to make advances on real and
personal securities; to elect and appoint such
othcers, directors, managers, agents and en-
ployes as the interest and convenience o. 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-
Article III. All citation or other legal pro.
cess shall be served upon the President of
this 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
which this corporation is organized, and the
business TO be carried on by il, are hereby
declared TO be: To produce, operate and ex.
hbit motion pictures; to manufacture. 70 b,v
to sell, TO lease, and to exchange motion pic.
lures, and all apparatus and supplies per-
tanning TO the motion picture industry: 10
eNhibit motion pictures, and to engage gen.
orally IN the motion picture business
Article ~; The capital stock of this cor
poration IS hereby fixed al the sum of ten
thousand $l0,OOOoO) dollars, to be divided
into and represented by two hundred shares
OF the par value of fifty $4,000 dollars each,
an stock shall be paid for in cash, as called
n
sued as full paid stock in payment or in ex-
change for property or rights actually re-
celved or purchased by the corporation, and
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 no until the certificate or certificates evi.
have been delivered TO the corno-atio- a%i
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 |
stock IS indebted in any way to the corDora. |
ton. NOiPO'a-
The Board of Directors shall have the rich,
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 may 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 70 sell |
pr dispose OF ms 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 |
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 |
have the right to buy the same in proportion
to their respective holdings; if all the stock. |
holders refuse to buy, then said stock NAV
be sold to any one. a'
This corporation shall begin business AZ
soon as three thousand (5.0oOoO dollars of