The herald., 1916-01-27


United States OF America, State OF Louisiana,
Parish Of Orleans, City of New Orleans.
Be it known, that on this 10Th day Of the
month Of December in the year OF our Lord
one thousand nine hundred and fifteen, and
OF the independence OF the United States OF
America the one hundred and iorticth, before
me, John J. Kelley, a notary public, duly
commissioned and qualified in and for this
city, parish and state, therein residing, and
in the presence OF the witnesses hereinafter
named and undersigned, personally came and
appeared, the parties whose names are hereto
subscribed, all residents of the aforesaid city,
parish and state, who declared 10 ME, notary,
in the presence OF the two undersig ned COM
pcsnt witnesses, that, desiring to avail them
selves OF the provisions OF the law OF this
state relative to the formation of corpora
tons, and especially Act No. pol OF 1914, and
to acquire and enjoy the rights, privileges
! and powers OF a body corporate and polite
| in law, they do hereby form themselves into
| such a corporation and body polite under
the name and style and for the purposes here
| matter specially set forth, namely:
Article 1.-The name and style OF this cor
| pOraton shall be the louisiana Auditorium,
| Inc" and its duration shall be for the term
Of ninety-nine years.
! Article 1.-THE objects and purposes for
which this corporation IS formed are hereby
/ declared to be:
| lst-To foster and encourage athletic sports
| Of all character. and to this end to give box
| ing exhibitions, establish and maintain a
rowing club. organize and promote baseball,
| football and basketball clubs, and generally
! to do and perform and promote all such
| sports OF every kind, nature and description.
! 2nd.-To encourage, make and promote
| amusementS OF every nature, kind and de-
| scrIption; and TO this end, under ITS cor
porate name, said corporation shall have
power and authority to contract, sue and be
sued; to make and use corporate seal, and
the same to break alter at pleasure; TO
! hold, receive, have, purchase, improve, alien
| ate, convey, sell lease borrow pledge mort
gage and hypothecate, under its said cor
porate name, property, real, person and mixed;
| to name and appoint such officers, directors,
! agents or employees, as the interest and
| convenience may require; to contract with
| a manager, skilled promoter OF boxing
| exhibitions, for a period OF years as the
board of directors of this corporation may
elect; to make and establish bylaws, rules
and regulations for the proper management
and regulation OF its affairs, as may be
deemed necessary and proper, and the same
| to alter and change at pleasure; and TO DC
| all other acts and things permitted by law
OF as shall or may be necessary and proper
to carry out the objects and purposes OF saic
corporation.
Article III.-The domcie of this corpora
ton shall be in the city of New Orleans
parish of Orleans, State of Louisiana.
Article IN.-The capital stock Of this cor
poration is hereby declared to be htteeI
thousand dollars (Sl50O000), which may b'
increased to thirty thousand dollars (S5O,OOO)
Said capital stock is divided into seventy-hv
C75) shares of the par value OF two hundred
dollars $4,000 each, TO be paid for as th'
law provides, or sooner, at the discretion o
the board of directors, which said stock sinai
be paid for in cash, or the same may b.
issued at not less than par in payment o
exchange for property or rights actually re
ceived or purchased by SAID corporation II
accordance with law.
. Anv stakeholder may sell or assign o
transfer his stock in the said corporation
. provided thirty 500 days prior notice OF sucl
intention to sell OF assign or transfer IN
, same be given to the company, and the boar
, of directors of this company shall have tn
, first privilege of purchasing for the compan.
,, the said stock; and in the event OF the boar
of directors refusing or neglecting TINS op
, ton to purchase the said stock after sai
thirty DAYS notice, the stock may DC SOL
. in the open market.
The stock of said corporation may be trans
ferred under the above conditions, provide
, | such transfer thereof be made on the book
of said company and upon the surrender @
the certificate thereof: No transfer OF an
\ fractional part OF share shall be MADE.
Article N-The powers of this corporatlo
: shall be vested in, and exercised by, boar
of FIVE 81 directors, consisting OF the pres
> dent, vce-president, secretary-treasuIer an
, two members of the board, who shall b
: stockholders; three members OF the boar
!, shall constitute a quorum for the transaC
Z ton of business.
i The following persons shall constitute tn
}. first board Of directors: William Ham;
president; Julius Gerson, vice-presider'
, Frank c. Mitchell, secretary-treasurer, an
r Dominick J. Tortorich and Samuel Mayer
{ This board of directors shall continue
e office until the second Tuesday in Jaruar!
: 1917, on which date, and annually thereafte
h their successors shall be elected. Notice
y such election shall be given by ten QO) da,
S continuous publication in any. newspaper
Il the CITY of New Orleans. Said election sna
/ he conducted by commissioners appointed .
y the board of directors.
= Any failure to elect directors shall NJ
dissolve this corporation, but the directo
, then in office shall hold over until their su
:. cessors are elected. Each stakeholder sha
II be entitled to one vote for each share OF stoe
!. registered in his name. Votes may be- be r
+ corded by proxy. The election OF directo
shall be by ballot, and majority IN amour
e of votes cast shall elect the person Tor who
IS thew have been cast. The board OF directo
y shall elect their own officers.
Article VI.-The board of directors sha
- have power to fill vacancies in their numo
- caused by death, resignation or otherwis
;. The said board of directors shall nave ~
control of the property and business OF IN