The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12
CHARTER.

tion is hereby amended as follows, to-wit:
! That Article One of the Charter be amend
ed so as to read follows:
ARTICLE 1.-The domicile of this corpo-
ration is hereby fixed in the City of New
Orleans, Parish of Orleans, Louisiana,
where all legal process shall be served at
the office of said corporation in the man.
ner provided by law.
That Article Three of said Charter be
amended so as to read as follows:
ARTICLE III.-The objects and purposes
of this corporation are hereby declared to
be the carrying on and conducting generally
! of theatrical and amusement businesses, with
the right to have and maintain theatres
or other places of amusement in as many
places, whether in the State of Louisiana
or elsewhere, as the Board of Directors of
the corporation may deem proper, and also
to engage in the business of booking purchas-
ing leasing and otherwise acquiring for
other moving picture exhibitors or parties
moving picture films and theatrical supplies,
and to act the agent of other moving pic
ture exhibitors and parties in the purchas-
ing, leasing otherwise acquiring moving
picture films and other theatrical supplies
on commission otherwise.
That Article Four as heretofore amended
be now amended so to read as follows:
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the authorized
sum of Five Hundred Thousand ($500,0O00U
Dollars, to be divided into five hundred thou
one (Sl.0O dollar each. This stock may
be issued either for cash or for property
| service or labor advanced to, or purchased
| by, or 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-
tions as the Board may deem proper.
That Article Six of said corporation as
| heretofore amended be now amended so as
| TO read 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 unpledged share of the capital
stock of the Corporation. The eight direc-
| tors heretofore elected at the meeting of
the stockholders held 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
or 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
July of each year. The manner of filling
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 II. M. Wheeiahan, 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.
Corisinal Signed j. H. Saenger, President;
CHARLES RosEN.
:. Notary Public.
I, 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, by. R.
A true copy.
CHARLES ROSEN.
~, Notary Public.