The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
CHARTER.
CHARTER OF THE BRUNSWICK ATH.
LETIC CLUB. INC, SEPTEMBER
QOth IaD0

Stat" Of Louisiana Parish of Orleans
| lie IL known, that on this thirtieth day OF
| September. nineteen hundred and twenty
| before mo, Emanuel Leopold We'll. q no
| tary public in and for the Parish of Or
| leans. State of Louisiana. duly commits
| stoned and qualified. personally came and
appeared the several persons. whose names
| are hereinafter subscribed. all of full age
sof majority, residing in this Parish. who
( declared that availing themselve of the
| laws of this State relative to the Organi.
, zatiOn Of corporations and more particu-
| larry Act III of 1852, they do covenant and
| agree to form Themselves into Il corpora.
| ton for the objects aud purposes, and
under the following StipulatiOnS to-wit:
ARTICLE This corporation shall be
| known as the Brunswick Athletic Club
| Inc, by which IL shall be known. as well
as sue and he sued; it shall exist for the
| full term of ninety nine years from this
! date, unless sooner dissolved as hereinafter
provided for; and its dOmicile is hereby
| fixed in the City of New Orleans.
ARTICLE 1.-THE purposes of this cor
poration shall he to promote physical cul-
! ture, and to encourage athletics and gym
| naSticS: to provide and maintain a gym
nasium. natatorium. athletic grounds
| rowing club. bowling alley. a shooting
range. a club house and such other social
| features as may be found necessary to full
| nil the purposes for which this corpora
| ton is formed.
| ARTICLE III.-The capital stock OF this
[ D.
WOOOl dollars. divided into one thOus-
/ and 0,O0O) shares of ten (SlO) dollars each.
payable in sixty days installments of 10
| per cent each. Any subscriber to the capi-
! tai stock who shall fail to pay such in
stallments Within sixty days after date
hNed for such payments, shall forfeit all
| installments previously paid. All certifi-
Gates Of stock shall be signed by the
| President and cOuntersigned by the Secre-
| tary.
| ARTICLE IV.-Members Of this CORPORA
| ton are not required to be holders of at
| least one share of the capital stock of said
corporation in his own name.
ARTICLE V.-The ownership of one or
n more shares OF the capital stock of this
corporation shall not confer upon the
holder thereof any OF the rights or privi-
leges of membership.
ARTICLE Wall the powers Of th.
corporation are vested in and shall be ex-
ercised by a Board OF Directors which
shall consist Of five 90 members
They shall elect from among their num-
Der President and a Vice President. and
shall also elect a Secretary and Treasurer.
the Two latter officers shall may be elected
from members OF the Board They shall
elect their own officers from among Their
members and shall appoint all committees
and make the rules for governing he-rrr,b
Ihey shall be elected annually on the last
Wednesday Of September of each year, and
shall hold their offices until their succas
sors are duly elected and qualified.
All elections shall be by ballot and con-
quoted under the supervision Of three mem
Oers to be appointed by the Board of Di-
rectors Tor such purpose. and In the event
of any of said Commissioners Of eIect;an
declining or failing to attend to such cleo
uon, the President shall appoint others
10 NIL their places. A failure from any
cause Whatever to elect Directors on the
uay named for that purpose shall not dis
sOlNe the corporation, but the officers and
directors shall hold over until their sue
cessors are elected; in the event of no
election taking place on the date aforesaid.
the PRESIDENT shall cause another election
TO be held within thirty days thereafter
ana ten days notice of the same shall be
posted on the bulletin board and pub
iished In the oficiai journal, Of their cor |