The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-30
CHARTER.

u
| teen hundred and twenty ana OF the In
dppcndruce of the United states of Au'rlr'
the one hundred and forty INN h'ioI'
| me, j. Henry Forc"ll". Jr.. notary pun
lie in and for the Parish of orleans. Stat'
| of Louisiana. aforesaid. duly commissioned
| sworn aud qualified aud in the prr~rh''
! of the witnesses hereinafter named aH'
] undersigned. personally cam" ANA aP
! prared the several persons who's" name
arr. hereto subscribed. who ScvcrdIN d"
! clarcd that awaiting themselves 90 10" PR"
| visions of the general laws OF TINS STATE
! providing for tn" organization OF "prluF"
/ tons. particularly Act 2"t OF E,'f ui'A
! have CoVCHaUtrd and agreed ana do 10y
! th,S, presents covenant. gGr'" and BIND
| them selves as well a. all such persons ~
| may hereafter become associated with
| them 10 form and constitute corporation
| aud body polite in law. for the objects
! and purposes aud under IN" Stipulatlon'
/ and agreements following, tu-wit-
ARTICLE TIL" nam" aud tltl" Of TINS
/ corporation shall D." tn" General Th"atr,
Supply Company, Inc. and il shall exist
ana enjoy succession 10y its corporal,
name, for period of ninety min" tt9l years
( from the dat" hereof. unless sooner dis
| solved. with all the rights and powers now
or hereafter conferred 10y law upon SINH
lar corporations.
Its domicilo shall De in the City Of New
Orleans, La. and all citations aud other
legal process shall bo served upon ia"
President and ina the event of his absence
dent or Secretary. in the order named.
ARTICLE u.-Thr objects and purposes
for which this corporation il organized ami
the uatur" of the business 10 Ir carried
on by ii are declared to Ice: To buy and
sell. ut retail or wholesale. or 0thcrWi~"
auQuir" or dispose of and generally 10
trad" and deal in theatres. moving pI"tUr"
machines, theatre equipment and supplies
OF every nature and Kind whatsoever cor
any kind Of puraphrrnaliu used i'm. by or
for a theatre, and generally 10 do and
perform such acts and deeds and trans
act such business as may d" incidental
or gcrmane to any of tn" objects and
PURPOSES herein set forth the foregoing de
tails not being intended 10 be- exclusive.
II being intended to do any act or thlU-
necessary 10 carry cut and accomplish thu
purposes of said corporation.
ARTICLE III-The capital stock of this
corporation is hereby fixed at forty thuu-
and dollars tSiUOO uOl To hr divided into
four hundred shares of the par value ~
ON" hundred dollars 100000 each. which
said stock shall be- paid for in cash or in
property and good will transferred to >ai'
corporation or iu work done for or services
rendered ru said corporation. as may be-.
decided 10y the Board Of Directors and
upon terms To- be fixed 10y said Board 81
Directors.
All transfers Of stock shall be made on
the books of the corporation. and no trans
fer ut stock shall D." iu any way binding
ON the corporation unless and until il L.
mad" in pursuance to the provisions of this
charter
No ~rockholder Of this corporation shall
D." permitted 10 sell or otherwise dispose
Of his stock without first Offering the SIm..
In writing. 10 rhc other stockholders
through the Board of Directors. n "a price
not exceeding the book value thereof: and
said stockholders. in proportion 10 their
holdings shall have an option and first
right or purchasing all Of the shares
stock 10 be- thus disposed Of by sale or
oth"rwi~" of any OF tn" stockholders. and
shall have "a period of ten days in which
% accept or d"'i.u" said offer.
Should the stockholders decline to pur-
cha>" said stock. then such stakeholder H.
at liberty 20 sell or dispose Of the stock
ana may do 80 in any manner and az Ht
price he may deem mt
Each share of stock i issued herein
upon the condition and understanding that
no stakeholder shall sell or othrrvi~.
transfer his stock in violation hereof AMI
any such sale or transfer if mad" shall
der no obligation 70 list said stock on it,
books or to regard the holder of the Ger
tincatc thereof
The capital stock Of this corporation may
be increased To any amount not exceeding
two hundred and nifty thousand dollars.
Each share of stock shall outitlc n"
owner thereof. either in person or 10y
PROXY. 10 cast one vote at all general
meetings.
ARTICLE IV-All the corporate powers
of said corporation shall be vested in and
exercised by a Board of Directors COM
posed of not less than three nor more than
seven stockholders. to be elected at an an
nuaI meeting Of the stockholders to be
each year: IL the date fixed for said eec-
tlon fall on legal holiday. then said cleo
ton shall be on the first day thereafter not
n legal holiday. All such elections shall
be 10y ballot; of such elections at least
httoen days previous notice shall be given
to each stakeholder. either personally or
by dcpo>iting the same in the postOffice
properly addressed. \ majority of the
votes east shall elect. and each share of
stock shall be entitled to one vote to be-
cast by the owner in person or by proxy.
The Directors thus elected shall serve
and continue in office for one year or I'M
til their successors shall have been duly
elected aud shall have qualified: failure
TO elect Directors on the date above Spe-
Gifted shall not dissolve the corporation.
but the existing Board shall cause an
other election to be held within thirty
days thereafter, whereof fifteen days pre-.
NiOuS notice shall be given.
Any vacancy occurring in the officers or
Board from any cause whatsoever shall be-
filled for the unexpired term by the re-
naming Directors. ANY Director who may
be absent from the City of New Orleans
shall have the right 10 appoint any stock
holder of the corporation TO vote for him
AT any meeting of the Board. and such
proxy shall have and exercise all the DOW
erS of such Director appointing him.
\ majority of the Directors shall con
Stitute a quorum for the transaction of
all business.
The Board of Directors shall elect from
their number President. a Vice President, /
a Secretary and a Treasurer and such
other officers as they may think proper or
convenient for the carrying on of the cor !
pOratiOn'S business and shall have power |
TO unite two or more offices. or to dispense |
with any office in their discretion and TO I
hN the salaries of all officers agents and /
employees: the said officers shall continue |
In Office for one year from such election |
or until their successors are elected and /
have qualified
Said Board of Directors shall have full
power and authority to exercise all the
powers conferred on this corporation hv |
these articles of incorporation or which |
are or may be permitted by the laws an |
plicable to corporations
The following persons shall constitute
the hrSt Board of Directors and shall serve
until the first Tuesday in December, 1921
Or until their successors shall have been
elected and qualified, viz:-JOhn ii. Ma
lelu, No. 1912 y. Robertson Street, New
Orleans. La; Wyndham Robertson 224 =
Alexander Street, New Orleans La and
Carroll Il. Walmsley. SO Perdido Street.
New Orleans, La, with the said John II.
Najeau as President, and the said WIND
nam Robertson as Secretary Trea surer
ARTICLE V.-ThiS act of incorporation
may be amended, altered and modified or
his corporation dissolved in the manner
provided by law and particularly in con-
tormity with said Act 267 of 1914.
ARTICLE Vino shareholder shall ever
De held liable or responsible for the con-
tracts or faults of this corporation in anv
further sum than the unpaid balance du
shares Nv