The herald., 1920-04-01
CHARTER OF GILF COAST AMtSE-
MENT COMPANY. INC.

MENI toMfNNh. Inv.
United states of America. state of
Louisiana. Parish of Orleans, city of New
Orleans. BE it known. that on this TWEEN
~ seventh day of the month of February
in the year one Thousand Nine Hundred
and twenty. before me, Charles RoSen, "a
Notary Public in and for the Parish OF
Orleans State of Louisiana. duly commits
stoned and qualified. therein residing. and
i'm the presence of the witnesses herein
after named and undersigned. personally
came and appeared, the several persons
whose names are hpTeuntO subscribed. all
of the age of majority. who declared that.
avaiIing themselves of the laws of the
state of Louisiana. in such cases mad"
and provided. they do hereby agree and
bind themselves, their associates and sue
ceSSorS. to form corporation under the
articles and StipulatiOuS following. which
they hereby adopt as their Charter, to-wit:
ARTICLE l. The name and title of this
corporation shall be Gulf Coast Amuse-
mcnt Company Inc. and by its corporate
name the said corporation shall have ana
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 be
sued: to make and use corporate seal
and the same to break or alter ut pleas
urr: 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. OvcrSe"rs, agents. and other
employ ecS as the interest and convenience
of said corporation may require: to make
/ ana establish such bylaws, rules and reg
ulatiOnS for the proper management and
regulation of the affairs of said cOrpOr-
| alton aS may he necessary and proper. and
the same to alter or change at pleasure.
/ pOration shall be ut New Orleans. in the
/ Parish of orleans. State of Louisiana. and
! all citation and other legal process shall be
served on its president, and in case of his
! absence from the Parish. then on either
| of its vice presidents, and i'm case of the
absence of the president and the vice pres
! deUtS 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 he carried
on by il are hereby declared to he 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
cidental to the carrying on of the fore
going businesses or any of them.
ARTICLE ". The authorized capital
stock of this corporation is hereby fixed at
the sum of fifty thousand (SJ0.00O) dollars.
divided into five hundred (500) shares of
the par value of one hundred (S100) 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
dcred to said company: and the board of
directors of said company is hereby vested
with full pOwersand authority to pass upon
the value of said property, labor and seTv
ices and the Judgment of the board of di-
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
increased to two hundred and fifty thou
sand (S2J0 0O0) dollars
ARTICLE VI The business and affairs
of this corporation shall be carried on
and conducted by n board of directors
composed of not less than three nor more
| thar nine of the stockholders thereof. as
determined by the stockholders from time
| to time. Should the stockholders elect
less than nine. the board of directors may
elect additional directors up to the full
number. If any director shall cease to be
| a 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
cancy by electing his successor. who shall
hold office until the next annual meeting
, of the stockholders. and until his sue
cesSor is elected and qualified. Any direc-
tor may authorize any other. stakeholder
| to represent him at any of the meetings of
| the board. and TO cast his vote on any and
| all 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
shall hold office until the first Monday
in February, 1921, or until their successors
are duly elected and qualified, and their
names and post office addresses are as
| follows. to-wit: Julian II. Saenger. 3iN2
| GENTLY Terrace, New Orleans. La; Victor
G. Howard, 2517 St. Ann street, New Or
leans, La. A. o. Bourbon, Biloxi, Missis-