The herald., 1916-01-20
CHARTER

tf LII ISlNNA AUDITORIUM, INC
/ United States OF America, State OF Louisiana.
Parish Of Orleans, City of New Orleans
/ Be 1t known. that on this 10Th dav Of the
month OF December, in the year OF our Lord
one thousand nine hundred and fifteen, and
: IF the independence Of the Omitted States Of
I America the one hundred and foTteth, before
me. lphu J. Kelley, notary public, daily
uu.Iss0ucd and qualified in and Tor this
city, parish and state, therein residing, and
. On the presence Of the witnesses hereinafter
named and undersigned, personally came and
appeared, The parties whose names hereto
subscribed, all residents Of the aforesaid CITY
/ parish and state, who declared 70 me, notary,
ln the presence OF the two undersigned COM
| pctcut witnesses, that desiring TO avail them
selves Of the provisions OF the law OF this
. state relative 10 the formation OF corpora
/ Jious, and especially Act No. 2b7 OF 1914 and
to acquire and enjoy the rights, privileges
/ and powers OF body corporate and polite
/ IN law, they do hereby form themselves into
/ such a corporation and body polite under
/ the name and style and Tor the purposes here
/ matter specially set forth. namely:
/ Article THE name and style OF this cor
poratiou 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;
ist.-To foster and encourage athletic sports
OF all character, and 10 this end to give box
J
| 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
| aWusemcntS OF every nature, kind and de-
! SCrIptIOn; and TO this end, under its
/ poratc name, said corporation shall have
power and authority to contract, and he
| sued' to make and use corporate seal, and
| the same 10 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
4 manager skilled a promoter OF boxing
| exhibitions, for a period of years 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 do
| all other acts and things permitted by law,
or as shall or may be necessary and proper
to carry out the objects and purposes OF said
corporation.
Article III-The domicile of this corpora
ton shall be in the city of New Orleans,
parish OF Orleans, State of Louisiana.
Article IV.-The capital stock of this cor
poration is hereby declared to be fifteen
| thousand dollars (Sl5,0OO.O0), which may be
increased TO thirty thousand dollars (SS0,0OO).
Said capital stock is divided into seventy five
C75) shares of the par value Of two hundred
dollars CS2OO.OO) each, to be paid for as the
law provides, or sooner, at the discretion OF
the board of directors, which said stock shall
| be paid for in cash, or the same may be
issued at not less than par IN payment or
exchange for property or rights actually re-
ceived or purchased by said corporation in
accordance with law.
Any stakeholder may sell or assign or
transfer his stock in the said corporation
al 1rtyy Il of
intention to sell assign or transfer the
same be given to the company, and the board
of directors of this company shal have the
first privilege Of purchasing for the company
the said stock; and in the event OF the board
Of directors refusing neglecting this op.
ton TO purchase the said stock after said
4 thirty days notice, the stock may be sold
in the open market.
The stock of said corporation may be trans
ferred under the above conditions, provided
such transfer thereof be made on the books
Of said company and upon the surrender OF
the certificate thereof. No transfer OF any
fractional part of share shall be made.
Article V.-The powers of this corporation
shall .be vested in, and exercised by, board
of FIVE (5) directors, consisting OF the presi,
dent vce-presidert, secretary-treasuEer and
two members of the board, who shall be
stockholders; three members of the board
shall constitute a quorum for the transac'
ton of business.
The following persons shall constitute the
hrSt board oil directors. William
president: Julius Gerson, vice-presiderti
Frank {. Mitchell, secretary-treasuTer, and
: Dominick J. Tortorich and Samuel Mayer.
. This board of directors shall continue in
, office until the second Tuesday in January
il9l7 on which date, and annually thereafter
! their successors shall be elected. Notice Of
: such election shall be given by ten QO day:
J continuous publication in any newspaper II
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
dissolve this corporation, but the director:
then in Office shall hold over until their sue
cessors are elected Each stakeholder shall
he entitled TO one vote for each share of stocE
registered in his name. Votes may be re
corded by proxy. The election OF director!
shall be by ballot. and a majority in amour
|; of votes cast shall elect the person for whom
, thew have been cast. The board OF directors
shall elect their own officers.
Article VI.-The board of directors shall
, have power to fill vacancies in their numbe
. caused by death, resignation or otherwise
The said board of directors shall have tul
control of the property and business OF thi'