The herald., 1921-03-17
CHARTER OF THE COMMUNITY
AMUSEMENT COMPANY, INC.

leans. BE il known, That on this mint d
day of February, III the year OF our Loru'
one thousand, nine hundred and INVENT! :
one. and OF the Independence OF the lhlteu
states of America, the one hundred and
forty NTH. Before me, Rene I. Meto!er,
notary public, duly commissioned ana
qualined, in and for the Parish OF Orleans,
State OF Louisiana, therein residing, ana
i'll the presence OF the witnesses hereinafter
named and undersigned; personally came
and appeared the several persons all OF
lawful age, whose names and postOfhce ad-
dresses are hereunto subscribed, VINO de-
Clared, that availing them selves Of the pro-
visions OF the laws of the State of Louis
lana, relative TO the organization of Trad
ing Corporations, particularly the prONls-
ion of Act No. 20, OF the General
Assembly of the State of Louisiana OF
1914 they have mutually agreed, and con-
tracted. and do by these presents mutually
agree 10 contract and obligate themselves,
as wen as such other persons who may
hereafter become associated with them, 10
form and constitute themselves into cor
poratiOn or body polite i'll law, under the
name and style. and for the objects and
purposes, under the terms, s1pulations.
and provisions contained in the follow
ing articles, tO-wlt:
ARTICLE 1.-The name and style of
this corporation shall be The Community
Amusement Company, Inc, and under its
corporate name shall have and enjoy sue
cession for the period of ninety-nine (S9)
years from the date hereot unless sooner
dissolved according 10 law.
ARTICLE 1.-THE objects and purposes
for which this corporation is formed, and
the nature Of the business 10 be carried
on by il, is hereby declared 10 be as fol-
lows:
To conduct and operate in this City and
State. Theatres, AuditOriums, Parks, Skat-
ing Kinks, Swimming pools, and any and
all forms of lawful amusements, and 10
conduct and operate any and all con-
cessions in or around such places as may
be necessary adjunct 10 the operation OF
said business.
ARTICLE Hit shall have authority
under its corporate name TO sue and be
sued, TO make and use a corporate seal,
with such inscription and device as>it may
deem proper, and the same to break and
alter at pleasure.
To borrow money for all purposes here
inabove set forth. and TO issue from time
10 time, and TO any extent necessary or
convenient in the opinion OF the Board
of Directors of this corporation, negoti-
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 SUBJ
ject TO such limitations as may be pre-
scribed by law.
To make and establish such rules, and
regulations for the proper management
necessary and proper, and the same to
amend at pleasure.
To appoint such managers, agents, EN-.
ployees. and assistants as the interests of
the corporation may require, and 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 (S5.OOOO0) to be rep
resented by one thousand shares Of the
par value of five dollars $500 each, which
capital stock may be increased in ac-
cordance with law, to the sum of seventy
five thousand dollars (S75,OOOO0).
All stock shall be common stock, and
shall be issued only for cash, or for prop
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 shall be elected at 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
O 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, a 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 ONCE
Of the corporation in the City Of New Or
Leans, between the hours of ten Qo)
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, a president a
secretary, and treasurer, who shall hold
office for the term of one year, or until
their successors are duly elected and
qualified.
Said Board of Directors shall have power
number.
ARTICLE Vino stakeholder shall be |
held liable or responsible for the contracts |
or faults Of the corporation, I'm any further
sum than the unpaid balance due by him
IN the stock for which he has subscribed, |
nor shall any failure to elect or any mere
lnformality in organization have the effect
OF rendering this charter null. or of expos |
ing stockholder to any liability ether
than as above provided.
ARTICLE VIII.-Until the election to he
held on the third Monday of the Month of |
december, 1927. the following named per- /
sons shall constitute the first Board of nj |
rectors Of this corporation. to-wit: George
n; floyd. Emmett ID. Bertrand, Philip /
Walker, Charles L. Guichagd. and George
Z. Miles, with said George r.. Floyd. as
president; Emmett ID. Bertrand as secre-
lary, and Philip Walker as treasurer. all |
Dr whom shall hold Office until their sue |
'essors are duly elected and qualified.
Three I'D members Of the Board Of H.
rectors shall constitute a Quorum for The
of business.
ARTICLE IX.-Au citations n, o,,orl
egal process shall be served on the nresi.
lent OF the Board Of Directors, and in his
iosehce or inability to act on the score
airy, and In the absence or inability on L
lrer. 49, VIZ 'ne 'reas-
ARTICLE X.-This act OF incorpdration
nay be altered or amended, or this cor.
poratlon dissolved, by two-thirds (o-3l
'ote OF all Of the full paid shares of CAPITAL
LOCI; az meeting of the stockholders
specially convened for that purpose ~
Vnlch meeting each VI