The herald., 1921-04-14
CHARTER OF THE COMMUNITY
AMUSEMENT COMPANY, INC.

/
| isiaua. Parish of orleans, City OF NeW vi
| leans. Be il known, That ON TINS ninth
/ day of February, in the year Oh ouL -
| one thousand, nine hundred anu tMcn'!
| one and of the Independence OF the Chlteu
| SroiaS of America the one hundred ana
| forty fifth Before me, Rene Z. MetoSel
| a notary public, duly comhisslonHeui I,,u
| ouaIited in and for the PARISH OF OrlednS'
| State of Louisiana, therein RESIDING anu
| in the presence of the witnesses heTelhaltei
! named and Undersigned personally SHlnS
and appeared the several persons ali VI
| lawful age, whose names ana posloHice "u
dresses are hereunto suDsc i 10 NY nro.
| clared that ayailing themselves OF Tue pto-
| visions of the laws of the State OF houls-
| lana. relative to the organization Oh 1la t
| ing Corporations, particularly the PIoNIs,
ion of Act No. 20, Vi n,isiapa of
| 1914 they have mutually agreed, anu on
| tracted, and do by these presents lhutuai!
| agree to contract and oDhgate themselves,
! as web as such other persons MHo nc q,
hereafter become associated win theh' 10
| form and constitute themselves INTO cVl-
poration or body polite III law, uhuer thg
name and style, and for the OBJECTS anu
| purposes, under the terms, supulauons'
| and provisions contained III inc A0ii0"
| ing articles, to-wit:
| ARTICLE 1.-The name and style OF
| this corporation shall be Inc comm unit!
| Amusement Company, Inc, ana unucr us
| corporate name shall have ana emu! ss4o1
1
| wears from the date hereot unless sooheh
| dissolved according TO law.
| ARTICLE 1.-THE objects and purposes
| for which this corporation Is lorlheu' anu
| the nature of the business 10 De cdILieH
| on by it, is hereby declared TO be as lol-
| lows:
| To conduct and operate in this City and
| State Theatres, AuditoriumS, Parks, Skat-
| ing Kinks, Swimming pools, ana any anu
| all forms of lawful amuSementS, anu 10
1
| cessions in or around such places as may
| be necessary adjunct to the operation OF
| said business.
| ARTICLE Hit shall have authority
| under its corporate name TO sue ana De
| sued to make and use corporate SEAL
| with such Inscription and device as 1t may
| deem proper, and the same to break ana
| alter at pleasure.
To borrow money FOR all purposes here
| inaboye set forth, and to issue from time
to time, and to any extent necessary or
| convenient in the opinion of the Board
| of Directors of this corporation, negou-
| able notes or other evidence OF indicted
| ness.
To buy, lease, hold and dispose, and
to mortgage, pledge, and hypothecate prop
| erty, real, personal and mixed, all SUD-
| ject to such limitations as may be pre-
scribed by law.
To make and establish such rules, and
| regulations for the proper management
and control of its affairs, as 1t may deem
necessary and proper, ana the same 10
amend at pleasure.
To appoint suck managers, agents, EN-
| ployees, and assistants as the interests OF
| the corporation may require, ana the same
to dismiss or discharge at pleasure.
To conduct and carry on its business in
other States, the federal districts, and the
| territories and possessions OF the United
| States.
ARTICLE Iv.-The capital stock of this
| corporation is hereby fixed at the sum OF
| five thousand dollars ($5,O0OOO) to be rep
resented by one thousand shares OF the
par value of five dollars $500 each, which
capital stock may be increased in &C.
cordance with law, to the sum OF seventy
five thousand dollars (SI5,OOOOO).
All stock shall be common stock, and
shall be issued only for cash, or for prop
erty actually received by the corporation,
and shall be paid for at such time, and IN
such installments as the Board of Direc-
tors may determine.
ARTICLE v.-The domicile of this cor
poration shall be in the City of New Or
leans, La.
ARTICLE VI-The corporate powers of
this corporation shall be vested in and
exercised by a Board of Directors to be
composed of not less than five nor more
than seven stockholders, each OF whom
shall own in his own right, at all times
during his term of office at least two full
paid and unpledged shares of capital stock
of the corporation. Said Board of Di-
rectors shah be elected at a general meet
ing of the stockholders, to be held annually
on the third Monday of the month Of De
cember, and shall hold office for the term
of one year, or until their successors are
duly elected and qualified.
Each stakeholder shall be entitled to one
"a vote, in person or by written proxy, for
each full paid share Of the capital stock
owned by him, and not transferred on the
books of the corporation.
All notices of stockholders meeting for
the election Of directors, shall be in writ
ing, and delivered to the stakeholder in
person, or by depositing same in the post
Office, properly addressed to the last known
address of the stakeholder, at least fifteen
days before such meeting. At least two
days before said meeting, complete list
Of the stockholders entitled to vote, shall
be open to inspection by the stockholders
at the place of meeting.
All elections for Directors shall be by
ballot, and the elections held at the Office
of the corporation in the Cfty of New Or
leans, between the hours of ten 10)
O'Clock a. m, and six (6) O'Clock p. m,
under such rules and regulations as may
be fixed by the Board Of Directors. A
majority of the votes cast shall elect.
The Board of Directors thus elected
shall, at its first meeting, elect from
among their own number, president,
secretary, and a treasurer, who shall hold
| ofhee for the term Of one year, or until
their successors are duly elected and
qualified.
Said Board Of Directors shall have power
to fill any vacancy occurring in their own
number.
ARTICLE VII.-No stakeholder shall be
held liable or responsible for the contracts
or faults Of the cooperation, In any further
sum than the unpaid balance due by him
on the stock for which he has subscribed
nor shall any failure to elect, or any mere
informality in organization have the effect
of rendering this charter null or of expos
ing a stakeholder to any liability ether
than as above provided.
ARTICLE VIII.-Until the election to be
held on the third Monday of the Month of
December, 1921, the following named per-
sons shall constitute the first Board of Di-
rectors of this corporation, to-wit: George
X. Floyd, Emmett ID. Bertrand Philip
Walker, Charles l.. Guichard, and George
+. Miles, with said George r. Floyd, as
president; Emmett ID. Bertrand as secre-
tary, and Philip Walker as treasurer, all
OF whom shall hold Office until their sue
cessors are duly elected and qualified.
Three 81 members of the Board of Di-
rectors shall constitute a quorum for the
transaction of business
ARTICLE IX.-An citations or other
legal process shall be served on the presi-
dent OF the Board of Directors, and in his
absence or inability to act, on the score
tary. and In the absence or inability of
urer.
ARTICLE X.-This act of incorporation
may be altered or amended, or this cor.
poration dissolved, by a two-thirds (2-3)
vote or all Of the full paid shares of capital
stock n mo- -