The herald., 1916-03-09

law, up to the amount OF two hundred thou
sand dollars. All transfers Of stock shall be
made on the books Of the company the
surrender OF the outstanding certificates, pur-
suant 70 such rules as the board OF directors
may prescribe.
Article N.-The powers OF this corporation
snail be vested IN, and exercised by. a board
81 three go directors, consisting OF the prcSl-
dent, vice president and secretary treasurer,
who shall be stockholders; two members of
the board shall constitute a quorum for the
transaction 81 business. The offices of
rotary and treasurer shall be combined.
The following persons shall constitute the
hrSt board OF directors: George J. SaIler,
president; George !. Walters, wee pTeSIdcut,
and Byron AEnew, secretary
This board OF directors shall continue in
Office until the second Tuesday in February.
1917, on which date. and annually thereafter
their successors shall be elected. Notice of
such election shall he given by ten OOD days
continuous publication IN any newspaper III
the city of New Orleans. said election shall
be conducted by commissioners appointed by
the board OF directors
Any failure to elect directors shall not dis.
solve this corporation, but the directors then
IN othcc shall! hold over until their successors
are elected. Each S;ockholder shall he en-
utlcd TO one vote for each share Of stock reg.
IStered m his name. Votes may be recorded
by proxy. The election OF directors shall be
by ballot and a majority IN amount OF votes
cast snail elect the person for whom they
have been cast The board Of directors shall
elect their own officers.
Article Nl-At the termination OF this char
ter by limitation or otherwise, the business
and affairs shall be lquida,ed by one lqui-
ddtUr TO be appointed from among the stock
holders at meeting Of the stockholders con-
vened Tor such purpose after ten NOD days
notice IN writing shall have been given by
the secretary. treasurer TO each s;ockholder
IN person or by mail, said liQuidatOr to be
elected by majority vote of the shares OF
capital stock present or represented at such
meeting.
altered or amended, or the corporation may
be dissolved or ordered liquidatcd by vote
Of two-thIIdS OF the capital stock present or
represented at meeting OF the stockholders
convened for such purpose after ten days
notice in writing shall have been given by
the Secretary-trcasurer to all the stockhod-
erS in person or by mail
Article NIII.-No stakeholder shall ever be
held liable or responsible for the contracts
1T faults OF this corporation in any further
sum than the unpaid balance due 10 the cor
poraton on the shares owned by him. nor
shall any mere iuformality in organization
have the effect Of rendering this charter null
or exposing any stakeholder 10 any liability
beyond the amount Of his unpaid stock.
Thus. done and passed, in my office in the
city Of New Orleans, State of Louisiana, in
the presence OF Joseph 4. Casey and Ben.
Hockc, competent witnesses. residing in this
city, who hereunto sign their names with said
OF the. whole, the day, month and year
first above written.
Signed George J. Sailer, 1900 shares;
Geo. T. Walters, 10000 shares; Byron d. Ag-
new, 10000 shares. Witnesses: JOS. A. Casey,
Ben Hocke.
JNO. J. REILLEY. Not. Pub
|, the undersigned recorder of mortgages for
the parish Of Orleans, State of Louisiana, do
hereby certify that the above and foregoing
charter OF the Great Southern Film Corpora
ton, Inc was this day duly recorded in my
office in book ll95. folio l64 New Orleans,
La, February 10, 1916.
tSgnedD EMILE J. LEONARD. by. r.
true copy.
JNO. ]. REILLEY, Not Pub
feb Il "a inch 10 .