The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-02

law, up 10 the amount OF two hundred thou
sand dollars. All transfers of stock shall be
made the books of the company on the
surrender of the outstanding certificates, pur-
suant to such rules the board of directors
may prescribe.
Article V.-The powers OF this corporation
shall be vested in, and exercised by. board
Of three 90 directors. consisting OF the prcsl-
dent, vice-president and secretary treasurer.
who shall be stockholders; two members OF
the board shall constitute quorum for the
transaction OF business. The offices Of
rotary and treasurer shall be combined.
The following persons shall constitute the
first board OF directors: George J. Sailer,
president; George !. Walters. vice-presideut,
and Byron Agnew, Secretary-treasurer.
This board Of directors shall continue in
Office until the second Tuesday IN February,
1917. on which date. and annually thereafter.
their successors shall he elected. Notice of
such election shall be given by ten Q0) days
continuous publication IN any newspaper IN
the city Of New Orleans. Said election shall
he 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 office shall hold over until their successors
are elected. Each stockholder shall be en-
titled to one vote for each share OF stock reg
istcred IN ms name. Votes may be recorded
by proxy The election Of directors shall be
by ballot and d majority IN amount OF votes
cast shall elect the person for whom they
have been cast The board Of directors shall
elect their officers
Article NI-At the termination Of this char
ter by limitation or otherwise, the business
and affairs shall be hguIdated by one lIqul-
datOr TO be appointed from among the stock
holders Al a meeting Of the stockholders con
vencd for such purpose after ten NO) DAYS
notice IN writing shall have been given by
the secretary to each stakeholder
IN person or by mail. said llquidatOr to be
elected by a majority vote Of the shares of
capital stock present or represented AZ such
meeting.
Article NII.-ThiS charter may be changed
altered amended. or the corporation may
be dissolved ordered hquidated by a vote
81 twO-thIrdS Of the capital stock present or
represented al a meeting OF the stockholders
convened for such purpose after ten days
notice in writing shall have been given by
the secretdry-trcdsurcr to all the StOckhold-
crs IN person or by mail.
Article NIIT.-No stockholder shall ever be
held liable or responsible for the contracts
or faults Of this corporation in any further
sum than the unpaid balance due TO the cor
pOratlOu on the shares owned by him, nor
shall any mere IuiormalIty 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 A. Casey and Ben.
lloCke, competent witnesses, residing IN this
city. who hereunto sign their names with said
appearers and me, notary, after due reading
Of the whole, on the day. month and year
first above written.
Signed: George J. Sailer. 1900 shares
Geo. +. Walters. 1000 shares; Byron ID. Ag-
new, 10000 shares. Witnesses: JOS. A. Casey,
Ben Ilocke.
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.
(Signed EMILE J. LEONARD. by. r.
A true copy.
JNO. ]. REILLEY, Not. Pub.
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