The herald., 1916-01-13
CHAR TER


| OF LOUISIANA AUDITORIUM INC"
/ natrd States Of America. State Of Louisiana
farish % Orleans, City OF New Orleans.
! BE 1t known. that on this 29,h dav of the
! month 81 December, in the wear Of arlr Lord
/ one thousand nine hundred and fifteen, and
| 81 me independence OF the United States OF
] America the one hundred and fJrtIeth befo-e
4 me, John J. Kelley. a notary public. dyIv
commissioned and qualified IN and for thi,
city. parish and state, therein residing and
/ IN Inc presence OF the witnesses hereinafter
named and dcr~IgUCd, personally came. and
appeared the parties whose names are hereto
subscribed, all residents Of the aforesaid CITY
parish and state, who declared to me notary
/ an the presence Of the two undersigned com.
pttrut illnesses, that, desiring to avail them
selves OF the provisions Of the law OF this
state relative to the formation OF CORPORA
uouS, and especially Act No. 1o7 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 for the purposes here.
matter Specially set forth, namely:
Article The name and style Of this cor.
pordtiOn shall be the Louisiana Auditorium
Inc. and ITS duration shall be for the term
OF nInety-nIue years.
Article 1.-THE objects and purposes for
winch this corporation IS formed are hereby
declared to be:
lst.-Io foster and encourage athletic sports
VI al Nlltl dNltI, ana 10 tlllS end to box
ing exhibitions, establish and maintain
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
dmuSementS OF every nature, kind and de-
scrlptIon; and 10 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
FIsa lTrFR =. Iv.4. IL Il II
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, the interest and
convenience may require; 10 contract with
manager, skilled as 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 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 domcie of this corpora
ton shall be in the city OF New Orleans, |
parish of Orleans, State of Louisiana.
Article lN.-Ihe capital stock of this cor
poration is hereby declared to be fifteen
hlAolsdliu uo4AdlS A9lOsppt.UUl, which may De l
increased to thirty thousand dollars (S50,OOO) |
said capital stock is divided into seventy-five |
G5l shares of the par value OF two hundred |
dollars $4,000 each. to be paid for the |
law provides, or sooner at the discretion of |
the board of directors, which said stock shall |
be paid for in cash, 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 |
provided thirty 800 days prior notice Of such |
same be given to the company, and the board |
Of directors OF this company shall have the
lrst privilege of purchasing for the company
the said stock; and in the event OF the board
)f directors refusing or neglecting this OPP
ton to purchase the said stock after said
thirty days notice, the stock may be sold
in the open market.
The stock of said corporation may be trans
erred under the above conditions, provided
such transfer thereof be made on the books
II said company and upon the surrender of
he certificate thereof. No transfer of any
fractional part of share shall be made.
Article N-The powers of this corporation
hall be vested in, and exercised by, board
II hve 50 directors, consisting of the presi-
lent, vlCe-president, secretary treasurer and
wo members of the board, who shall be
stockholders; three members of the board
hall constitute quorum for the transac-
ion of business.
The following persons shall constitute the |
irst board of directors: William Hanna,
PRESIDENT; Julius Gerson, vice-presidert;
frank c. Mitchell, secretary treasurer, and
)Ominck ]. Tortorich and Samuel Mayer
This board OF directors shall continue in
iice until the second Tuesday in January,
OH, on which date, and annually thereafter,
heir successors shall be elected Notice of
UGH election shall be given by ten U0) days
ontinuous publication in any newspaper in
he city of New Orleans. Said election shall
e conducted by commissioners appointed by
he board of directors.
Any failure to elect directors shall not !
issove this corporation, but the directors ,
hen in Office shall hold over until their sue
essors are elected. Each stakeholder shall
e entitled to one vote for each share of stock
egistered in his name. Votes may be re- ,
orded by proxy. The election of directors (
hall be by ballot, and majority in amount
votes cast shall elect the person for whom
hey have been cast. The board of directors
hall elect their own officers. !
Article VI.-The board of directors shall q
ave power to fill vacancies in their number 5
aused by death, resignation otherwise. !
he said board of directors shall have full q
ontrol Of the property and business of this t