The herald. [volume] (New Orleans, La.) 1905-1953, 1916-02-10


.ar.u thereof hy mechanical or other means.
IY manufacture. construct, assemble. buy,
rent OF otherwise acquire and 20 own, operate
and Use and {. sell, mortgage, lease license
ur otherwise dispose OF and generally TO deal
aud handle Iu all and any parts, dppur'cn-
ar.,- cog materials OF every nature whatsoever
which may be- used Iu and m connection with
the said machines and mechanical devices,
particularly records or hlmS or other articles
Of a similar nature incidental 20 the use OF
the said machines,
To acquire hy grant. gift. purchase or other
WISE, and 90 hold. own, use. operate, intro
luce and present and TO sell license mortgage,
assign, lease and generally to deal IN stage
plays, opera, drama, ballots, scenarios and
an dramatic and musical productions OF every
kind, both copyrighted and urCopyrighted,
To employ actors, artists, dancers, singers
and other persons for the purpose Of prepar-
Iug, dcvIslug ard composing SAID dramatic
plays. scenario, and productions and the re
cord, and films therefor, or other means and
media for the preservation Of impressions
thereof
To carry on the business of theatre proprie-
tors. manage, and directors and IN Paruc-
ular to provide for the productions, represen-
tatIonS and performances Of opera, stage
PLAYS, bdllets and other forms OF dramatic
and musical productions and entertainments,
by means OF machines, mechanical devices
OF contrlvauccs commonly known as moving
picture, talking picture or talking machines.
10 install. equip, rent and license others to
use the said machines and mechanical devices
and the said records and films in connection
herewith for the purpose OF presenting the
dramatic productions owned OF controlled by
tins corporation or otherwise.
10 work, construct, provide, own, main
tain, sell, lease, mortgage convey improve
and in all ways use and operate factories,
buildings, machinery, equipments, works and
facilities generally for its manufacturing,
selling, working, trading. handling and deal
ing in said machines and mechanical devices
known As moving picture machines and talk
ing mCahIncS and other mechanical devices OF a
similar nature and the records and films or
other articles OF similar nature to be used
in connection herewith.
To erect construct, provide, own. maintain,
sell, lease, mortgage convey improve, convert
theatres opera houses and all kinds of places
OF amusement.
To acquire by grant, gift, purchase, devise
or Request, and to hold and operate and to
mortgage and dispose OF such property, real
and personal, and the rights or privileges
therein, as the purposes of this corporation
shall require or such as may be to its inter
est. benefit or advantage, subject always to
such limitations may be prescribed by law
in relation thereto.
To apply for, obtain, register, purchase,
lease otherwise acquire, and to hold, own,
use, operate and introduce and to SELL assign
or otherwise dispose of or license any trade
mark, trade names, copyrights, patents, in
cesses used in connection with secured
under Letters Patent of the United States or
elsewhere
And in connection with and supplementary
to the purposes and objects herenabove spe
Glued this corporation shall have power:
To acquire the good will, rights, property
and assets of all kinds, and to undertake the
whole or any part of the liabilities of any
partnership, firm, association or corporation
engaged in a business the same as, similar
to that for the conduct of which this corpora
tion Is formed, and 10 pay for the same in
cash, stock bonds OF this corporation or
otherwise.
To subscribe for, purchase, acquire. hold,
mortgage, pledge, exchange and otherwise
dispose Of the stock bonds and other evil
dcuccS of Indebtedness OF any other corpora
ton or corporations, associations or associa-
ton. either domestic or foreign, or both, en-
gagged in business the same as or similar
TO that for the conduct of which this corpora
ton is formed and 10 issue in exchange there
for its own stocks, bonds, OF other oblga-
tons and, while the owner or holder of any
such stock, bonds or other obligations 50 ac-
qured, the corporation shall possess and ex-
crcse in respect thereof all the rights, pow
erS and privileges Of individual owners or
holders thereof, including the right to vote
thereon.
And to aid in any manner any corporation
or association, any bonds or other securities
or evidences Of Indebtedness of which or
shares Of stock in which are held by or for
this corporation and 10 do any acts or things
designed to protect, preserve, improve or en-
hance the value Of any such bonds or other
securities or evidence or Indebtedness or
such stock of the property and interests OF
this corporation.
To guarantee the payment Of dividends upon
the capital stock, or the payment of interest
upon any bonds or other obligations or evil
denCes OF Indebtedness, or the performance
Of any contract OF any other corporation or
association IN 50 far as such guaranty may
be permitted by law
And to do all and everything necessary,
suitable and proper for the accomplishment
of any Of the purposes or the attainment Of
any OF the objects or furtherance of any OF
the power herein mentioned.
The corporation shall have the power to
buy sell and deal in advertising contracts,
concessions and privileges with newspapers,
blllboardS, theatres, owners of theatres, mo-
tion picture houses and all other advertising
mediums, and 70 sell, solicit and deal in ad-
vertisementS, Of every nature, kind and de-
Scription.
Article IV-The capital stock of this cor.
poratiou is hereby fixed at the sum of six
thousand dollars (6OOOOO. divided into and
represented by sixty (60) shares, of the par
value Of one hundred dollars $4,000 each
and when issued shall be paid for in cash
or property. or in the equivalent thereof All
shares Of stock shall be issued as full paid
and uon-assesSable, and shall be signed by
such officers as the board of directors shall
designate, and no transfer Of stock shall be
binding on said corporation unless recorded
on its stock transfer books
No stakeholder Of said corporation shall
sell his stock to any person, until he has
first offered it to the then stockholders of the
corporation at its then book value, and the
said stockholders shall have the right TO ac-
cept or reject said offer within FIVE DAYS
after the same has been made in writing and
hled with the secretary-treasurer and general
manager OF the corporation.
Any transfer of stock made in violation Of
this provision shall not be recognized by the
corporation.
This corporation shall be a going concern
as soon as all Of its capital stock has been
subscribed for.
The capital stock Of this corporation nav
be increased or diminished in accordance
with the laws Of the State Of Louisiana, in
such cases made and provided.
The amount 70 which the capital stock of
this corporation may be increased is hereby
fixed at one hundred thousand dollars (slOO,-
00ON
Article V.-All the powers of this CORPORA
ton shall be vested in and exercised BY a
board Of three directors, each OF whom shall
own at least one share Of the capital stock of
this corporation, and three members shall con-
stitute a quorum.
The said directors shall be selected BY
ballot at the annual meeting of the share
holders, under the supervision Of two commits
siouers, appointed by the board of directors,
which meeting shall be held on the third
Wednesday of December ~ each va, &C.,