The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-04

United States of America. State of
Louisiana. Parish of Orleans, City of New
Orleans. Be II known. that on this TWEEN
ty- seventh day of the month of February
in the year one Thousand Nine Hundred
and twenty before me. Charles RoSen, a
Notary Public i'm and for the Parish of
Orleans State of Louisiana. duly commits
stoned and qualified. therein residing. and
in the presence of the witnesses herein
after named and undersigned personally
/ whose names are hcreuntO subscribed. all
of the age of majority. who declared that,
/ awaiting themselves of the laws Of the
State of Louisiana, in such cases made
| and provided, they do hereby agree and
bind themse their associates and sue
CesSOrS. TO form a corporation under the
articles and StipulatiOnS following, which
they hereby adopt their Charter, to-wit:
ARTICLE |. The name and title of this
corporation shall be Gulf Coast Amuse-
ment Company Inc. and by its corporate
name the said corporation shall have and
enjoy all the fights, powers, privileges,
and advantages granted by law to corpor-
atiOnS. including the power and authority
to have and enjoy succession for the full
term and period of ninety nine years from
the date hereof; to contract sue and he
sued: to make and use a corporate seal,
and the same to break or alter at pleas
ure; to hold, receive. purchase, lease. sell,
and convey. as well as mortgage hypothe-
cate. and pledge, under its corporate name,
property, real, personal and mixed: to
name and appoint such managers, direc-
. tors. officers. OverSeers agents, and other
employees as the interest and convenience
of said corporation may require: to make
and establish such bylaws. rules and reg
ulations for the proper management and
regulation of the affairs of said corpor-
alton as may be necessary and proper. and
the same to alter or change at pleasure.
ARTICLE III. The domfcile of said cor
ian, hill ~, n-Iz
Parish of Orleans State of Louisiana. and
all citation and other legal process shall be
SerSe ed on its president, and in case OF his
absence from the Parish. then on either
of its vice-presidents, and in case of the
absence of the president and the vice-pres-
idents from the Parish. then on the secre-
tary; and service of process may also be
made in the manner otherwise provided by
law.
ARTICLE III. The objects and purposes
for which this corporation is formed and
the nature of the business to be carried
on by il are hereby declared to be as fol-
lows: The carrying on and conducting
generally of motion picture theatrical and
amusement businesses. with the right to
have and maintain theatres or other places
of amusement in as many places whether
in Mississippi. Louisiana, or elsewhere as
the board of directors of this corporation
may deem proper. and to do any and all
things necessary to, connected with or in
cluehtdl 10 the carrying on or the fore
gong businesses or any of them.
ARTICLE ". The authorized capital
stock of this corporation is hereby fixed at !
the sum of fifty thousand (S5O.OO0) dollars |
divided into five hundred (500) shares of !
the par value of one hundred (SlOW dollars |
per share. This stock may be issued either |
for cash. or for property, services or la !
Dor advanced to or purchased by, or rem ,
dered TO said company: and the board of |
directors of said company is hereby vested |
Call
the value of said property, labor and serv-
ices and the judgment of the board of d.
rectorS acting within the scope of the dis
erection 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 sur
plus or net profits to purchase and acquire
shares of stock of this corporation. and to
Reissue the same subject to such restrict
ions and for such price and upon such
terms and conditions as the board may
deem proper. Every transfer Of any share
or shares of the capital stock shall be
made on the books of the corporation sub
ject to such rules and regulations as the
board of directors may prescribe The
capital stock of this corporation may be
to two hundred and fifty thou
sand $3.50 O0O) dollars
ARTICLE VI The business and affairs
and conducted by a board of directors
composed of not less than three nor more
than nine of the stockholders thereof as
determined by the stockholders from time
to time. Should the stockholders eject
less than nine, the board of directors may
elect additional directors up to the full
number. II any director shall cease to be
4 stakeholder during his term of office. or
in the event Of the resignation or death of +
any director or officer, the board may de-
clare his office vacant and fill said va
rancy by electing his successor, who shall
hold office until the next annual meeting
OF the stockholders. and until his sue
lessor is elected and qualified. ANY direc-
tor may authorize any other stakeholder
% represent him at any of the meetings of
he board, and to cast his vote on any and
al questions which may come before said
Meeting. The following named persons are
hereby declared to constitute the first
BOARD of directors and officers: and they
hall hold office until the first Monday
n February, 1921, or until their successors
ire duly elected and qualified. and their {
lanes and post office addresses are as | ,
ollows, to-wit: Julian II. Saenger, 1862 ;
ientilly Terrace, New Orleans. La: Victor
:. Howard, 25i7 st. Ann street. New Or
cans, La; A. o. Bourbon, Biloxi, Missis- {