The herald., 1919-05-29
CHARTER.

other moving picture exhibitors or parties
| moving picture films and theatrical supplies,
and to act as the agent OF other moving pic
ture exhibitors and parties IN the purchas-
ing, leasing or otherwise acquiring moving
picture films and other theatrical supplies
on commission or otherwise.
That Article Four as heretofore amended
be amended so as to read as follows:
ARTICLE IV-The capital stock OF this
corporation is hereby fixed at the authorized
sum Of Five Hundred Thousand (S5O00OO0O
Dollars, 10 be divided into five hundred thou
sand $4,000 shares OF the par value OF
one (Sl.OO) dollar each. This stock may
be issued either for cash for property,
service labor advanced to, or purchased
by, rendered TO the said company; and
the Board OF Directors OF said Company is
hereby vested with full power and authority
to pass upon the value of said property, la
Dor and services, and the judgment OF the
Board OF Directors acting within the scope
OF the discretion hereby conferred shall be
final and conclusive, provided that said
stock shall not be issued at less than par
value upon the valuation so fixed. The
Board OF Directors is authorized from time
to time out OF the earned surplus net
profits TO purchase and acquire shares of
the stock of this corporation and TO REISSUE
the same subject to such restrictions and for
such price and upon such terms and condi-
tons as the Board may deem proper.
That Article Six of said corporation as
heretofore amended be now amended SO as
to read as follows:
ARTICLE VI.-The corporate power OF
this corporation is hereby vested in Board
OF Directors, composed of nine persons, each
OF whom shall hold in his own right at all
times during the term of office one fully
paid and unpedged share OF the capital
stock OF the Corporation. The eight drec-
tors heretofore elected at the meeting of
the stockholders held on June 4th, 1917, or
their successors shall hold office until their
term expires or until their successors are
elected. The ninth director is hereby de-
clared to be Sidney L. Herold of Shreveport
The said eight directors heretofore elected
their successors and said Sidney L, Her
old shall hold office for five years from
June 4th, 1917. Thereafter the Board shall be
elected annually on the first Monday of
vacancies on the Board of Directors may be
provided by bylaws of the Corporation
which shall be equally as binding upon the
corporation and the stockholders thereof as
if provided in the Charter. The majority
of the Board of Directors at any meeting
held shall constitute quorum for the trans
action of business. At any and all meet
ings OF the Board of Directors of the Cor
poration, the Directors may vote either in
person or by proxy given to another Direc-
tor. The mode of giving notice of Direc-
tors meetings shall be provided by appro-
pirate bylaws.
Thus done in my office, in the City of
New Orleans, State of Louisiana, in the
presence of H. NJ. Wheelahan, and John A.
Ross, competent witnesses of legal age, re-
siding in the City of New Orleans, La, who
hereunto sign their names with said ap-
bearers, and me, Notary, on the day and
date first above written, after due reading
of the whole.
Witnesses: H. NJ. Wheelahan, John A.
Ross.
Original Signed ]. H. Saenger, President;
(. V. Richards, Jr.
CHARLES ROSEN,
Notary Public.
May 9, 1919
l, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing Act of Amendment of the
Saenger Amusement Co., Inc, was this day
duly recorded in my office, in Book 1928,
Folio 49,
New Orleans. May 14th, 1919.
.(Signed EMILE J. LEONARD, Dy. R.
"A true copy.
CHARLES ROSEN,
Notary Public
May IS to June 10, inc.