The herald., 1921-12-01
CHARTER

shall have and enjoy corporate existence
and succession for 4 period OF ninety !
nine years (s9). from and after this date
unless sooner dissolved. 1t shall have
authority TO sue and be sued; TO make
and use a corporate seal, and the same
to change and alter at Will; 10 hold, pur-
chase lease sell and hypothcCate prop
erty. both personal aud real, and to
mortgage the same; 10 borrow aud lend
money; to make and issue bonds, ana
other evidences of debt; 10 acquire and
use and to sell or dispose Of trade marks,
trade names, copyrights and letters
patent; to name and appoint directors.
managers. agents and employees through
its Board of Directors, or such officer
or officers as may hereafter be deter
mined and to adopt through its Board
of Directors such bylaws. rules and reg
ulations for the management and con
duet of the business and affairs or TINS
corporation as may be necessary and
proper, with authority to change and
alter the same
ARTICLE 1.-The domicile of this
corporation is hereby declared to be in
the City of New Orleans, State of Louis
| lana. All citations and other legal pro-
| cess shall be served on the Presipent,
| and in case of his absence or disability,
! on the Secretary Treasurer.
ARTICLE 3.-Tne objects and pur-
! poses for which this corporation is
| organized and the nature of the business
| to be carried on by il are hereby de
clared to be: To buy, sell and deal in
| at wholesale or retail, as principal or for
! the account of others, as agent, broker or
| intermediary, both new and used motion
picture films, and to do and engage in
any other business, undertaking or en-
terprise connected with, growing out Of.
incidental or germane to any OF the
objects or purposes herein set forth or
contemplated by this charter.
ARTICLE 4.-The Capital Stock of this
corporation is hereby nxed at the sum
of Ten Thousand Dollars (SlO,OOJ.OOl of
common stock, divided into one hundred
QOO) shares of the par value of One
Hundred Dollars (Sl0o.00l each. The
Capital Stock of this corporation may
be increased, as provided for acGordine
to law, to Fifty Thousand Dollars
Cs5O,OO0.OO). All stock of the corporation
shall be payable in cash or its equiv
alent, as the Board of Directors may
determine, and direct, pursuant to law
This corporation may begin business a
soon as Fifty (J0) Per Cent of the stock
: has been subscribed for. All shares O
/ stock shall be fully paid and non
> assessable. No transfers of stock shal
be binding upon the company, unles
recorded upon its books and made pur
suant to its charter and bylaws. NJ
transfer or sale of stock shall be mad
o to any person without previously offer
Z ing same at its book value to the stocS
; holders of this corporation, said offer &
: be submitted in writing to the Board o
Directors, stating the number OF share
,
U making the offer. and the price bona
: fdely offered therefor; such option shal
y be granted for period OF not less tina
= twenty 900 days, unless the Board q
y Directors unanimously waive this della
r in writing. The said stock shall hay
k the voting power at all meetings an
" elections, and no person shall be eligibl
to the position of Director or Officer {
'f the company unless he or she is th
r owner of at least one % share of Il
stock of the corporation.
IT ARTICLE 5.-All the corporate power
Of Of this company, and the managemeI
t. and control of its business shall /
vested in and exercised by a Board ,
Id Directors composed of Four ca stool
rs holders. who shall continue in office {,
ty one % year, and until their successor
r have been elected and qualified. I'll
following named persons shall cOnstitu
So and form the Board of Directors: Wi
he It. Richards. Karl Schneidau. W. NJ. Ma
al tin and Meyer Simmons. with Will
ms Richards, President; W. NJ Martin, Vic
President. and Karl Schneidau, Secretar
gs Treasurer.
ba ARTICLE 6--No stakeholder of tn
IT corporation shall ever be held liable 4
= the contracts, indebtedness or faul
bo thereof In any further sum than the u
~ paid balance due the corporation on t
"a shares of stock subscribed for by hi
e. ,s, nor shall any infOrmalities in organii
y. ton have the effect of rendering Il
go Charter null or of exposing a sharehOld
OF to any liability beyond the amount of t
as unpaid balance due on his stock.
!; ARTICLE This act Of incorpoI
N ton may be changed, modified or alter
b or this corporation may be dissolved
at liquidated in compliance with the ext
M ing laws, especially Act 267 of 1914.
IA a general meeting convened for that p,
a.; pose and after ten (1O) days writ
Dr. notice Of this meeting has been given
st. each stakeholder.
ARTICLE S-Failure to hold meet
al or meetings as provided in the foregoi
| iata fnr thn nf n
ce- officers at the time specified shall
M work a forfeiture of this Charter, q
the officers and directors shall hold tn
ion places until their successors are elect
ad Thus done and passed in my office
ote New Orleans aforesaid, the day, mo
led and year first written. IN the prese
en- of ROBERT A. HUYGHE and EUNl
mex ELLIOTT. witnesses of lawful age. do
ons ciled in this city, who hereunto s
aus their names with the parties and me,
an said Notary, after reading these preseI
rnr Original Signed:) Will r. Richar
no forty nine t49) shares; Karl Schneid
or fOrty-nine l49) shares; W: NJ Martin:
"a Will T. Richards, one Qj snare; NJ
~ Simmonds, one QD share.
'n Witnesses:
mt ROBT. A HUYGHE,
In CHARLES sCHNEIDAU,
nnn Notary Publ
rom ron I, the undersigned, Recorder of NJ
lui cages, in and for the Parish Of Orle
the the Act NJ Incornoration ~ tho wi
eet- L. RICHARDS, INC, was this day
'ove recorded in my office in book 1858, {
lain New Orleans. November, 1921
por- ROBT. SCOTT, by.
and certify the foregoing to be a
wer and correct copy of the original Act
title Incorporation of the WILL T. RI
cor ARDS, INC, together with the certifi
eds. of the Recorder of Mortgages of
yna- parish. on file and OF record in
incy notarial Offices
CHARLES SCHNEIDAU.
over Notary Publ
con- NOV. zf-Dec. ~
any ..--,~-,~--,-~-. -,
due EsI> I'm ~ Sn IN VI