The herald., 1917-01-25

existence during a period of ninety nine
years, unless sooner dissolved, from the day
and date hereof, and in the manner here
matter provided.
Article 1.-THE purposes for which this
corpora tion is formed is to carry on and con-
duct all kinds of theaters and places OF
public entertainment. including motion pic
ture theaters, in which will be exhibited and
performed, tragedies, dramas, comedies,
operas, variety entertainments and miscel-
laneous performances; to acquire copyrights,
rights OF representation, licenses and priv
ilegcs of all kinds for the exhibition of
produce, purchase, sell and lease motion pic
ture hlmS; to employ persons 10 write, com
pose or invent plays, scenarios. dances and
all other exhibitions of that character. To
print publish, or cause to be printed and
published any play scenarios for motion pic
turc thcaterS, songs and other forms of
tertalnment; and to represent, exhibit, sell
or lease the same. To grant licenses, or
rights in respect OF any property of the
corporation; and generally TO do and carry
on all affairs and things usually carried on
priSes, and conducive to the welfare and
profit Of the corporation; and it shall have
power 70 carry all or part of its business
in other states Of the Union. its territories,
and other possessions and all foreign coun-
tries.
Article IIT.-The domcile of this corpora.
tion shall be in the city of New Orleans,
Louisiana. Citation Of all legal process, and
other legal notices shall be served upon the
president of the corporation, and in his alb.
sence on the vice presidcnt
Article IV.-The capital stock Of this cor
pOration is hereby fixed at the sum of fifty
one thousand dollars G5l,OOOOO) divided into
one thousand and twenty shares G02O), of
the par value of fifty dollars 5000 each.
The capital stock may be increased TO not
exceeding S25O.OOOG and the increase may
be in preferred or common stock. or partly
of one and partly Of the other; and the terms
Of the preferred stock shall be fixed by the
board Of directors which may be in exist
ence at the time Of the proposed increase in
the capital stock.
Article V.-All Of the powers of this cor
pOration shall be vested in a board of direc-
tors, composed of not less than three 81
stockholders Power and authority is here
by vested in the board to increase the num-
Der of directors to any number not exceed
ing seven G): and the board of directors
may fill vacancies in their number, however
caused. by election from among the stock
holders.
The board of directors shall be elected an
nuaily the first Tuesday. after the first
Monday in the month of January of each
vided for in this charter, and which shall
hold Office until their successors are elected
and qualified.
At the annual meeting held for the cleo
ton OF directors, each share OF stock shall
be entitled TO one vote, which may be cast
The failure to hold such meetings shall
not terminate the corporation, but the Off
GERS then in Office shall hold over until their
successors are elected and qualified.
The first board of directors shall consist
OF Nathan Sobel, whose address is 5l7 South
Scott street, New Orleans, La; Albert G.
Shear, 1877 S. Hennessey street, New Orleans,
La, and Ernest V. Richards, Jr, 81 Olive
ST., Shreveport, La.
Each board of directors shall annually
. - vic
president, a treasurer and secretary; and it
may combine the office of treasurer with that
of either of the other Offices, and it may elect
secretary who is not director or stock
holder.
The first president shall be Ernest V. Rich
ards. Jr.; the first vice-president shall be
Nathan Sobel, and the first secretary shall
be Albert G. Shear, the said secretary shall
also be treasurer.
Article yI-One thousand and eighteen
GOlS shares, having the par value Of fifty
thousand and nine hundred dollars $780,
10000 have been issued to Messrs. Nathan
Sobel and A. 6. Shear in payment of the
follwoing described property:
First: A certain lot of ground, with all
the buildings and improvements thereon, and
and all the appurtenances thereunto belong
ing, situated in the Fourth District OF the
City of New Orleans, designated by the let.
Washington Avenue, Camp, Fourth and Ma
gazine streets, survey made by ID. +.
Seghers & Son, Surveyors, dated January 4,
1910, annexed to an act passed before John
Wagner notary, Jan. 2S, 1910; which said
lot measures sixty two feet four inches front
on Washington avenue by a depth between
equal and parallel lines of one hundred and
three feet two inches and three lines, more
or less, and front on Magazine street, form
ing the corner of Washington ave and Ma
gazine street, and is composed of the whole
of the original lots seven and eight, and a
portion of lot nine.
TT
tanned and conducted i'm the said building,
by Nathan Sobel and Albert G. Shear, as
| the Washington Theater," together with all
the furniture, fixtures and Appliances; and
said parties for the production of motion pic.
ture dramas, plays and other rights and
privileges, and licenses to Photographic films,
and the good will of the business
Third The Motion Picture Theater con-
Quoted by Nathan Sobel and Albert G. Shear,
at No. 1910 Canal Street, in the City of New
Orleans, and known as the "Csrrollton The
atre." together with all the furniture, hx-
lures and appliances; and all the rights
owned and acquired by the said parties for
the production of motion pictures, dramas,
plays, and other theatrical presentation; the
| rights, privileges and licences 70 photo
graphic films, and the good will of the
business.
Messrs. Sobel and Shear have erected the
building in which the theater is contained
on ground leased by them and they will
transfer, also, all ana singular the r1gnts
owned by them in the building and the lease
TO the ground.
| Fourth: certain lease entered into by
the Sobel and Shear Amusement Company,
Ltd, with John T. Holmes for the rental OF
certain premises on Carrollton Ave. between
| Canal street and Cleveland Ave, an the block
bounded by S. Pierce St. in the city OF
New Orleans, for a period of ten years from
| the date the building to be erected will be
completed; said lease was entered into on
the 10th day of November, 1916.
All of which property, exclusive of the
| good will, is we'll worth, and is appraised
| by the directors, at the sum of $4,000, and
| the good will of the various theaters above
enumerated, the board appraises at $1,000
Article VII.-Not less than fifteen Us
stockholders meetings, and not less than fve
| (0 days notice shall be given for special
| meetings. The board of directors shall hold
| regular and special meetings at such time:
| and upon such notices as TO time which the
| said board may FIX. Notices of all meetings
of all kinds shall be given through the mails
| addressed to the respectively stockholders, OF
| directors az the address last furnished tC
the secretary by the stakeholder or director
| ger.
| be changed modified or altered, or this cor
poration may be dissolved with the assent o.
three-fourths 90 of the stock present OF
represented at a meeting convened for tina
| purpose.
Article IX.-No stakeholder shall ever b
held liable or responsible for the contracts
and faults of said corporation in any furthe
sum than the unpaid balance due on I'll,