The herald., 1917-02-01

y NWIIITI a %
years, unless soouer dissolved, from the day
and date hereof, and in the manner here
matter provided.
Article 1.-THE purposes for which this
corporation is formed Is TO carry on and con
duct all kinds OF theaterS and places OF
ture theaters, in which will be exhibited and
performed, tragedies, dramas, comedies,
operas, variety entertainments and miscel-
laneous performances; 10 acquire copyrights,
rights OF representation, licenses and priv
lleg-S OF all. kinds for the exhibition OF
plays. operas and other entertainments. To
produce, purchase, sell and lease motion pic
ture films; to employ persons TO write, COM
pose or invent plays, scenarios, dances and
all other Exhibitions OF that character To
print, publish, or cause 20 be printed and
turc theaters, songs and other forms Of en-
tertainmcut; and 10 represent, exhibit, sell
or lease the same. To grant licenses, or
rights in respect Of any property OF the
corporation; and generally 70 do and carry
on all affairs and things usually carried on
and done by parties engaged in like enter
prises, and conducive 10 the welfare and
profit OF the corporation; and It shall have
in other states of the Union, its territories,
and other possessions, and all foreign coun-
tries.
Article III.-The domicile of this corpora
ton 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 the vice-president.
Article IV.-The capital stock of this cor.
poration is hereby fixed at the sum Of fifty
one thousand dollars ($5l,oOOOO) divided into
one thousand and twenty shares O020), OF
the par value of fifty dollars $4,000 each.
The capital stock may be increased to not
exceeding S25O,00O0O 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.
tors composed OF not less than three ~
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 %: 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.
nually on the first Tuesday, after the first
Monday in the month of January Of each
wear, except the first board which is pro-
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 10 one vote, which may be cast
by the shareholder in person or by proxy. -.
| 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.
| La, and Ernest V. Richards, Jr., 52l Olive
! ST., Shreveport, La.
Each board of directors shall annually
elect from its midst president, vice.
president, treasurer and secretary; and II
may combine the office of treasurer with that
of either of the other Offices and it may elect
secretary who is not a director or stock
holder.
The first president shall be Ernest v. Rich
ards Jri the first vi yleesPTesdent shall l bf
be Albert G. Shear, the said secretary shall
also be treasurer.
Article VI-One thousand and eighteen
| QOl9 shares, having the par value of fifty
thousand and nine hundred dollars ESQ.,
10000 have been issued TO Messrs. Nathan
Sobel and A. G. Shear in payment OF the
| follwoing described property:
First: A certain lot of ground, with al
the buildings and improvements thereon, anc
and all the appurtenances thereunto belong
| ing, situated in the Fourth District of the
| City of New Orleans, designated by the let
| ter "a" in Square No. Isl, bounded by
Washington Avenue. Camp, Fourth and Ma
gazine streets, on a survey made by d. E
:
1910, annexed to an act passed before Johr
| Wagner, notary, Jan. 2S, 1910; which saiC
| lot measures sixty-twO feet four inches from
| on Washington avenue by a depth between
equal and parallel lines of one hundred anC
| three feet, two inches and three lines, NOR
| or less, and front on Magazine street, form
ing the corner of Washington ave and Ma
gazne street, and is composed of the who'll
of the original lots seven and eight, and
portion of lot nine.
Second: The Motion Picture Theater, con
tanned and conducted in the said building
by Nathan Sobel and Albert G. Shear, a
the Washington Theater," together with a.
the furniture, fixtures and Appliances; an
all the rights owned and acquired by tn
said parties for the production OF motion pic
ture dramas, plays and other rights an
and the good will of the business.
Third: The Motion Picture Theater cor
Quoted by Nathan Sobel and Albert G. Shea
at No 1910 Canal Street, in the City of Ne Ne,
atre." together with all the furniture, fS
lures and appliances; and all the right
owned and acquired by the said parties fC
the production of motion, pictures, drama
plays, and other theatrical presentations; I'll
rights, privileges and licences TO photC
graphic films, and the good will of tn
business.
Messrs. Sobel and Shear have erected til
? building in which the theater is containe
. on ground leased by them and they wi
transfer, also, all and singular the right
) owned by them in the building and the leas
/, to the ground.
? Fourth: certain lease entered into b
the Sobel and Shear Amusement Compan.
! Ltd, with John T. Holmes for the rental
certain premises on CarrolltOn Ave. betwee
, Canal street and Cleveland Ave, in the bloc
bounded by s. Pierce St. in the city
: New Orleans, for a period OF ten years fro
the date the building to be erected will
5 completed; said lease was enTred into o
: the 10th day of November, 1916.
All of which property, exclusive of ii
good will is we'll worth, and is appraise
. by the directors, at the sum of $4,000, an
the good will of the various theaters aboy
[ enumerated, the board appraises at $1,000
Article VII.-Not less than fifteen q!
days notice shall be given for all regul;
. stockholders meetings, and not less than nv
90 days notice shall be given for speci;
meetings. The board of directors shall hol
! regular and special meetings at such tmf
, said board may fix. Notices of all meeting
Of all kinds shall be given through the mail
| addressed to the respectively stockholders,
r directors at the address last furnished
the secretary by the stakeholder or directo
or the notice may be delivered by messei
, ger.
Article VIII.-This act of incorporation ma
, be changed, modified or altered, or this co
poration may be dissolved with the assent
three-fourths 90 of the stock present
! represented at meeting convened for tn;
{ purpose.
Article IX-No stakeholder shall ever
r held liable or responsible for the contrac
and faults OF said corporation IN any furth
I sum than tie unpaid balance due on 4