The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07
CHARTER.

on by 1t are hereby declared TO be to
acquire by purchase, lease or construction
and to own and operate one or more are
mas for the conduct Of boxing and snar.
ring matches and exhibitions under the
provisions of Act No. 123 of Louisiana
Legislature Of the year 1920 and to con-
Duct such other athletic contests, games,
sports and theatrical exhibitions, etc,
which may from time to time be desired !:
to lease, let and hire the said arena or
arenas to other clubs, associations. cor
porations or individuals engaged in a like
acts and things that may be necessary,
convenient or incidental to the CARRYING
out Of said purposes.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at Forty Thou.
SAND dollars SiO,OOOOO) divided into and
represented by four hundred (4OO) shares
OF the par value Of One Hundred Dollars
(SloOOO) per share with the right to in
crease the said capital stock to not more
than One Hundred Thousand Dollars (S1OO,
of the law.
The subscriptions set opposite the sig
natures of the subscribers Of this charter
show that fifty per cent. (J0%) of the
said authorized capital stock has been
subscribed; and the said subscribers here
by declare and warrant that fifty percent
toOfo) OF the said subscribed amount of
the said capital stock has been paid into
the treasury of this corporation in cash
before the signing of this charter. No
stockholder shall sell his stock without
first having offered same at the same
figure to another stakeholder.
ARTICLE V.-The business and affairs
OF this corporation shall be managed and
conducted by Board of Directors con.
sisting Of three stockholders. NJ. Bind.
schadler of New Orleans, Louisiana, +.
W.. Edwards of New Orleans, Louisiana
and j. l.. GOree of Houston, Texas shall
constitute the first Board of Directors
who shall hold office until the first Mon
sors shall have been duly executed and
Qualified. On the first Monday Of June,
ly22, and annually thereafter, an election
for the directors shall be held at the Of
flee Of the corporation in the City of New
orleans, after notice shall have been given
10 each stockholder, mailed at least ten
| QO) days prior thereto. At all the elec-
lions, the stockholders shall be allowed
one vote for each share of stock which
shall have been standing in his name on
| the books of this corporation for ten (1O)
days prior to the meeting. In case of q
vacancy from any cause in either the
Board OF Directors or among the officers,
| the vacancy shall be filled by the remain
ing Directors by the selection of a stock
holder TO fill such vacancy, who shall
| hold office until a successor is elected or
| until the next annual meeting. Two (2)
members Of the Board shall constitute
ness.
ARTICLE VI.-The officers Of this cor
| p0ratiOn shall consist Of a President, q
Nice-President, a Secretary and Treas
| urer. The offices of President and Treas
| urer may be held by the same individual
Until the first Monday in June. 1922, or
until their successors shall have been du-
ly elected and qualified, NJ. Bindschadler
shall be President and Treasurer, +. w
Edwards, shall be Vice-President and Man.
1 Kali hA
On the first Monday of June 1922 imme-
| diately after the stockholders meeting
and annually thereafter, the Board of Di-
| rectors elected at such annual meeting
| shall select from their own number the
officers above. provided except that the
Secretary may be chosen from the stock
| holders.
ARTICLE vII-This act or Yncorpora-
ton may be amended in all particulars as
provided by law; or the corporation may
be dissolved upon complying with the pro-
| visions of the statute on the said subject
In the event Of voluntary liquidation
| the stockholders shall elect from theiI
number, two liquidators who shall be
vested with full power to settle its affairs,
| collect the outstanding debts, sell and
convey the property, pay its debts. and
| divide the remaining money and property
| among the stockholders.
ARTICLE VIII.-No stakeholder shall
be liable for the contracts or faults Of this
| wi pVid tiOh, VI VI It's OIIlCers anu agents
beyond any unpaid balance that may be
| due by him on his stock subscription; nor
shall any mere informality In this act have
the effect of rendering this charter void
| or of exposing the stockholders to lia6il-
| ity beyond that represented by their stock
| Thus done and passed, in my office al
| New Orleans, Louisiana, on the day and
date hereinabove first written, in presence
Of p. NJ. Quave and w. B. Guion, COM
\ petent witnesses who hereunto subscribe
thfir names with said appearers and me
Notary, after due reading Of the whole.
Original signed) F. w. Edwards OF
| shares; ]. L. Goree, 1 share; By NJ. Bind.
schadler, NJ. Bindschadler, 100 shares
p. M. Quave, W. B. Guion.
ALEXIS Brian,
| Notary Public
I hereby certify that the foregoing act OF
incorporation of the Coliseum, Incorpor
ated, was this day recorded in the Mort.
1 gage Office Of the Parish Of Orleans, tr
| New Orleans, Louisiana, May 26th, 1921
(Signed): ROBERT SCOTT
| Deputy Recorder of Mortgages
| A true copy of the original
| New Orleans, May 20, 1871.
| ALEXIS BRIAN.
Notary Public
| June 2-Juiy