The herald., 1916-02-03
CHARTER

OF LOUISIANA AUDITORIUM INC"
. Jnltcd States Of America, State OF Iouisia,,
iarlsh OF Orleans, City of New Orleans
he It known, that on this 18th day of thu
. month 81 December, in the year OF Cu- or,
; one thousand nine hundred and 6ftecr az,
; - the independence OF the United States o
America the one hundred and fortIe,h befor,
/ '"S' J'ih j. Kell!ey notary public dull,
commissioned and qualified in and for mi
1'S, PARISH and state. therein residing anc
. IN the presence OF the witnesses hereinafter
named and undersigned. personally came an,
appeared, the PARTIES whose names are bere,r
subscribed, all residents of the aforesaid city
Iarsn and state, who declared to me. notary
J" le presence OF the two undersigned com.
peteut witnesses, that, desiring TO avail them.
selves OF the provisions of the law of tbi.
state relative TO the formation of corpora.
nonN, and especially Act No. 257 OF 1914. and
10 acquire and enjoy the rights, privileges
and powers OF body corporate and politic
IN law, they do hereby form themselves into
such corporation and body polite under
the name and style and for the purposes here.
matter specially set forth, namely:
Article The name and style OF this cor.
poraton shall be the louisiana Auditorium,
Inc and ITS duration shall be for the term
Of ninety 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 ali 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 a corporate seal and
the same 10 break alter at pleasure; TO
mold, receive, have, purchase, improve, alien
ate, convey, sell lease borrow pledge mort
gage and hypothecate, under its said cor.
poTate 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 a promoter of boxing
exhibitions, Tor 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 NAV be
ieemed necessary and proper, and the same
. alter and change at pleasure; and to do
Ill other acts and things permitted by law,
" as shall or may be necessary and proper
o carry. out the objects and purposes of said
Article IIL-The domicile of this corpora |
ion shall be in the city of New Orleans |
'arish of Orleans, State of louisiana
Article lF.-The capital stock of this cor |
thousand dollars (Sls,OOOOO), which may be |
increased TO thirty thousand dollars (S5OOOO. |
aid capital stock is divided into seventy-Ave |
80 shares of the par value OF two hundred |
ollars $4,000 each, to be paid for as the
iw provides, or sooner, at the discretion of
he board OF directors, which said stock shall |
e paid for in cash, or the same may be
'sued at not less than par in payment or
xchange for property rights actually re-
eived or purchased by said corporation in
ccordance with law.
Any stakeholder may sell or assign or
-ansfer his stock in the said corporation
rovided thirty 800 Days prior notice of such
ltention to sell or assign or transfer the
anne be given to the company, and the board
directors OF this company shall have the
rst privilege of purchasing for the company
re said stock; and in the event of the board
directors refusing or neglecting this op-
on to purchase the said stock after said
lirty days notice, the stock may be sold
the open market.
The stock of said corporation may be trans
rred under the above conditions, provided
lch transfer thereof be made on the books
said company and upon the surrender of
e certificate thereof. No transfer of any
actional part of share shall be made. ..
Article N.-The powers of this corporation
all be vested in, and exercised by, board
hye (5) directors, consisting of the presi- :
mt, vice-president, secretary treasurer and
70 members of the board, who shall be
ockholders; three members of the board :
all constitute quorum for the transac- 4
IN of business.
The following persons shall constitute the / !
st board of directors: William Hanna, 7
esident; Julius Gerson, vice president; n
ank {. Mitchell, secretary-treasurer, and ! I
Dminick ]. Tortorich and Samuel Mayer.
This board of directors shall continue in
ice until the second Tuesday in January, n
Y, which date, and annually thereafter, :,
Fir successors shall be elected. Notice of !
Oh election shall be given by ten C0 days n
ntinuous publication in any newspaper in y
: city of New Orleans. Said election shall
conducted by commissioners appointed by
: board of directors. o.
Any failure TO elect directors shall not n
solve this corporation, but the directors A
m in office shall hold over until their sue h
sors are elected. Each stakeholder shall !,
entitled to one vote for each share of stock K
,istered in his name. Votes may be re- II
ded by proxy. The election of directors =;
Ill be by ballot, and a majority in amount
votes cast shall elect the person for whom Ii
y have been cast The board of directors "a
Ill elect their own officers. n
.rticle VI.-The board of directors shall OF
ie power to fill vacancies in their number 81
sed by death, resignation or otherwise. h;
E said board of directors shall have full or
troll of the property and business of this III