The Donaldsonville chief., 1920-01-31

in cash, or may be issued n ar in raymen
for property or rights actual transferred II
the corporation or for servH Ii actually ren
dered the corporation; said fyments to b.
made at such time and in manner ant
in such installments theN fard of direc
tors may direct. ESE
The capital stock of the Abyoraton may
be increased to fifty thousan ,,Aellars (s50,
000), divided into five the &oad {50o01
shares of the par value of te Mars ts1o)
per share yt
ARTICLE FoUR3ha
The don1iciIe of the corporaE a a HAL be
in the town of Donaldsonville, psz p tof AcS
cension, state of Louisiana, ssld "a Etatior
and other legal process shall be MI I'D or
the president, or in his absence or w bllity
to act, the first vice president, AM 4 his
absence inability to act on the j a+ary
of the corporation. FH
ARTICLE FNE. s.H
The corporatioe shall be autTa 81 to
commence business and be a goirf%4-f fern
as soon fifty per cent of its SG |pfized
capital stock shall have been subs@+sesd and
fifty per cent of all stock subsassSed for
shall have been paid
ARTICLE SIX
The corporation shall have the right, pow
er and authority oasaSEract, sue and be
sued in its corporate n@ne, to make and use
q corporate seal and the same to change and
alter at pleasure; to own, hold, receive, pur-
chase, acquire, lease, pledge, mortgage, ny
pothecate, ALLEVIATE. sell, dispose of and con-
vey and otherwise cucumber, both real and
personal property of all kinds and descrip-
tions for the uses and purposes of the cor
poration; to incur debt, to borrow money, to
issue bonds, notes and other evidences of
debt, to appoint such officers, agents, mana
gers and employees as the business of the
corporation may require and to fix their
compensation; to employ, engage, hire or
contract with moving picture and Rm pro-
ducing concerns for the production NOV
ing picture shows, for the use Ae7Ger-
vice of moving picture films and appasS a
to engage and employ contract with opera
troupes pnd theatrical companies of all
kinds, either amateur professional, to
give performances and render and produce
operas. plays. theatricals, receptions, amuse-
ments and entertainments of any and all
kinds; to charge and collect admission fees
for any and all such moving picture shows,
performances, operas, theatricals, plays, re-
ceptions, amusements, entertainm ents, etc;
to contract, hire, let out, lease and rent its
said operas or theatres or moving picture
show buildings for theatrical performances,
operas, Elays, moving picture shows, re-
ceptions, entertainments, amusements and
meetings of any and all kinds, and to charge
rental therefor; and to hire, let out, rent
and lease, for office, store or residence pur-
poses any part portion of any of its
theatre and moving picture show buildings
not used in carrying on the business of the
corporation; to adopt such rules, bylaws
and regulations as may be deemed necessary
and proper and to amend and altar same at
pleasure, and generally to do and to per-
form any and all acts and things which
might be necessary and proper to carry on
the objects and purposes of the corporation
ARTICLE SEVEN.
All of the corporate powers of the cor
poration shall be vested in and exercised by
board of five directors. to be elected an
nually, the SECOND Tuesday of January
of each year, beginning in the year 1921.
Three members of the board shall con-
stitute quorum for the transaction of any
such elections shY abe held at the o
the the corporation a shall be By balll
elected H the stockholders. No
such elections shall be delivered "
stockholder in person, or by des9Stasftfffg in
the postoffice written notice a.tAaSeof, prop
erly addressed to the stoekh at their
election. ATE
Other stockholders meeHEEs may be held
when ordered by the board of directors, or
when ordered by the holders of twenty fl We
per cent of the outstanding stock of tNe
corporation.
At all elections and at all meetings of the
stockholders, each stockholder shall be en-
titled to one vote for each share of the
capital stock standing in his name on the
books of the corporation, to be cast in per-
son or by proxy held by another stockholder
of the corporation, and majority of the
votes cast shall elect.
Any vacancy occurring among the direc-
tors shall be filled for the remainder of the
term by appointment by the other directors.
failure#to elect the directors on the date
specified above shall not dissolve the cor
poration nor impair its corporate manage
ment or existence. but the officers and ii-
rectors then in office shall continue and re-
main in office until their successors are
elected and have qualified
s The board of directors shall at their first
meeting after election, elect from their mum :
Der. president, a first vice president, a see
ond vice president, secretary and a treas
urer, all of whom shall be stockholders of
the corporation. The board of directors may
from time to time name and appoint suSh
managers. clerks. agents and other en-
ployes as they may deem necessary for the
purpose Of carrying Sbusiness of the
corporation. and fix til ri snnsation and
IL; they ;ty y may W do all thinis and per-
HE to corporations. for the eondt1ct of the
business and to properly carry opt the OBJ
aects and purposes cf the corporation -,
ARTICLE EIGHT.
No stockholderh Rhall have the rtglitsk to
sell. dispose of o &ansfer his stock in the
corporation withd giving to the eorDera-
lion thfougn It's Becretary, at least fifteen
days notice in writing of such intention. and
the other stockholders of the corporation
shall have the option and privilege of pur
chasing said stock at the book value thereof
for a period of fifteen days from and after
the date of the receipt of such notice,
ARTICLE NINE.
No stockholder of the corporation shall
ever be held liable for the contracts OF, torts
Of the corporation in any further sum than
the unpaid balance due by him on the shares
of the capital stock of the corporation owed
by him, nor shall any mere informality in
the organization have the effect of render
nG this charter null and void or of exposing
The stockholders to any liability beyond the
unpaid balance which may be due on their
stock.
ARTICLE TEN.
This act of Incorporation may be modified
n amended, or the corporation may be dis
solved with the assent of two-thirds of the
,apitai stock at a meeting of the stockhold-
ers convened for the purpose after due notice
Is provided for calling of meetings of stock
holders for the election of directors, and
the corporation is dissolved either
~ law or otherwise, its affairs shall be
lquldated by one or more liquidators who
hall be elected from among the stockholders
It general meeting of the stockholders
aid lquidators shall remain ins office until
he affairs of the corporation have been fully
md finally liquidated and settled. In case
Il the inability of any of the liquidators
O act the remaining Jo,ido4or, ,Lou 49,,