The herald., 1921-06-02
CHARTER.

appoint and supervise such committees as
may be deemed proper and necessary Dy
the Board of Directors to purchase, lease,
hold receive, hypothecate, convey sell
pledge or mortgage real estate ana persoIai
property; to borrow money; TO issue ne
gotiable bonds, notes. or other evidences Oh
debt: to grant such degrees as may be per,
mitted by law; and generally to 90 ana
perform any and all other acts ana Things
necessary and proper, or incident 70 'ns
successful operation ana carrying out vi
the business outlined in the objects ana
purposes of this corporation, all according
TO law, and as may be deemed necessary
and proper by the Board of Directors.
ARTICLE III-The objects and purposes
of this corporation, and the nature OF the
business TO be carried on by IL, are hereD!
declared to be: To operate ana maintain
a school of art, including music, DRAMA
literature, languages, drawing ana paint,
ing, and all the other arts; to operate ana
maintain a choral or oratorlo society, III
connection with said school, TO De known
by the name of the New Orleans OratOrlo
Society, a name already given TO and USED
by such a chorus in connection with ana as
part of said school named III Article OF
this charter; to operate and MAINTAIN
symphony orchestra to be known by the
name of the New Orleans symphony Or
chestra", a name already used by and given
to such an orchestra in connection with
and as part of said school named in Ar
ticle | of this charter; or to organize ana
maintain chOruses and Orchestras under
any other name, in the discretion OF the
Board of Directors; to operate ana MAIN
tain musical bureau for the employment
and management of artists, and to arrange
concert tours for same; and gene1 all
other objects and purposes tendmg 10
promote and foster and develop all the
Arts in all their forms, and to do and per-
form any and all things incidental or neces-
sary thereto, including the organization
and maintenance of such branches as may
be necessary or, in the discretion OF the
Board of Directors, convenient or expe-
dent.
ARTICLE IY-All citations and other le-
gal process shall be served upon the Presi-
dent of this corporation, or, in his ab-
Sence, upon the e-President, or Secre-
tary, or Treasurer,at the dOmicile of the
corporation, as herein fixed.
ARTICLE V-The capital stock of this
corporation is hereby fixed at Twenty
Thousand Dollars 25,OOO.OO), to be repre-
scented by five hundred 5000 shares OF the
par value of fifty dollars $4,000 each;
provided that the corporation shall become
a going concern and may begin to transact
business as soon as One.half of its said
capital stock is subscribed for. Said capt.
tai stock may be paid for in cash. or its
equivalent in property, goodwill, or for
services rendered. Before any stakeholder
shall sell any of his stock he shall first
offer same to the Board of Directors for
the benefit of all the stockholders, said of
fer to be in writing for the book value of
the stock at that time, and said offer shall
remain open for period of thirty 500
days. No transfer of stock shall be bind
ing upon the corporation unless same is
duly made and recorded on the books of
the corporation.
ARTICLE VI-Said corporation. while its
capital stock is hereby fixed at $2J000.O0.
as designated in the preceding article, shall
have the power and authority to increse its
capital stock to one hundred thousand dol
lars (S1O0,OO0.00) in accordance with the
provisions of Article VIII of this charter,
and according to law.
ARTICLE vII-An corporate powers and
authority shall be vested in and exercised
by a Board of Directors consisting of not
less than five (5), nor more than twelve
(l2). stockholders. Three t3) directors
shall constitute q quorum of said board for
the transaction of all business.
Said directors shall be elected annually
on the first Monday of June of each year,
unless said day be legal holiday, in which
bank day or as soon thereafter as practi-
cable, and they shall hold office for term
Of one year or until their successors are
duly elected and qualified.
Each stakeholder of record on the books
of the corporation shall be entitled to east
at such meeting, either in person or by
proxy. one vote for each share of stock
cast at such meeting shall elect, or shall
decide any other question. All meetings
of said stockholders or directors shall be
held at the domicile of the corporation. ex-
eept, with the written consent of majority
Of the Directors, meetings of the Board of
Directors may be held outside the State, or
elsewhere within the State otherwise than
at its domicile. Any vacancy occurring
from any cause in the Board of Directors
between the dates of annual meetings here
in provided for, shall be filled by the said
board. Immediately after election of direc-
tors, they shall in turn meet and elect from
among their number a president, a vice
president. secretary. and treasurer. The
duties of such officers shall be such as
usually appertain to same, and as such as
may be additionally provided by the by
avs which may be adopted, as well as such
as are provided for in Section 16 of said
Act No. 267 of 1914.
The first annual meeting of stockholders
shall be held on the first Monday of June
1922, as provided for in this article in the
second paragraph thereof. Until that time
the following shall constitute the Board of
Directors, whose addresses are given op-
posite to their respective names, to-wit:
Miss Cammie A. Allen. 523S Prytania street
Miss Mary NJ. Conway. 1907 Dryades Street;
Miss Mary V. Molony, 1926 Chestnut Street;
Miss Ethel s. McGehee. 1924 Garfield Street
Miss Mary NJ. Scott, 113S Washington Ave
nue.; Mrs. Jane Austin futile. 1902 Con-
stantinOple Street; Mrs. Eugene Wehr-
mann-Schaffner, 1920 Magazine Street an
femmes sOles; Ernest 4. Schuyler, 1873
Coliseum Street; Mark Kaiser, 1887 Ba-
rome Street; Ben T. Hanley. 2211 Banks
Street; Theodore Roehl, 500 Weis Building,
all in the City of New Orleans, La.
Until said date and until their successors
are elected, the following shall be the Of
fcers Of said corporation to-wit: Presi-