The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-15
CHARTER.


and use a corporate seal, and the same
to change and alter at will; TO hold, pur-
chase, lease, sell and hypothecate prop
erty, both personal and real. and TO
mortgage the same; to borrow and lend
money; to make and issue bonds, and
other evidences of debt; to 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-
duct of the business and affairs of this
corporation as may be necessary and
proper, with authority to change and
alter the same
ARTICLE 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 President,
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 aud deal in
at Wholesale or retail, principal or for
the account of others, as agent. broker or
intermediary, both new aud 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 THE Capital Stock of this
corporation is hereby nxed at the sum
of Ten Thousand Dollars (Sl00O0.00J OF
common stock, divided into one hundred
(l00) shares of the par value of One
Hundred Dollars (S1Oo.0O) each. The
Capital Stock of this corporation may
be increased, as provided for according
to law, to Fifty Thousand Dollars
(S50,0 00OO). 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
soon as Fifty (j0) Per Cent of the stock
has been subscribed for. All shares OF
stock shall be fully paid and non.
| asseSsable. No transfers of stock shall
| be binding upon the company, unles.
| recorded upon its books and made pur
| suant to its charter and bylaws. n,
| transfer or sale of stock shall be mad,
| TO any person without previously offer
| ing same at its book value to the StOcE
holders of this corporation, said offer t.
| be submitted in writing to the Board o.
| Directors, stating the number of shares
| offered for sale, the name of the person
making the offer, and the price bona
| hdely offered therefor; such option shall
| be granted for period OF not less thar
| twenty COO days, unless the Board O
| Directors unanimously waive this della,
in writing. The said stock shall hav,
| the voting power at all meetings anC
elections, and no person shall be eligibl
| to the position of Director or Officer o
the company unless he or she is tn
! owner of at least one % share of tn
| stock of the corporation.
| ARTICLE 5.-All the corporate power
| of this company, and the management
and control of its business shall b.
| vested in and exercised by a Board o
Directors composed of Four az stock
holders, who shall continue in office 70
one "a year, and until their successor
have been elected and qualified. TIL
following named persons shall cOnstitut
and form the Board of Directors: vii
| Il. Richards, Karl Schneidau, W. NJ. Mar
tin and Meyer Simmons, with Will I
Richards, President; w. NJ. Martin, Vice
President and Karl Schneidau, Secretary
Treasurer.
| ARTICLE 6.-No stakeholder Of thi
corporation shall ever be held liable 70
the contracts, Indebtedness or fault
thereof in any further sum than the VI
paid balance due the corporation on III
shares of stock subscribed for by hin
nor shall any informalties in organic.
ton have the effect of rendering TIL
Charter null or of exposing a shareholdt
to any liability beyond the amount of tn
unpaid balance due on his stock.
ARTICLE This act of incorpors
or this corporation may be dissolved
liquidated in compliance with the exis
ing laws. especially Act 267 of 1914,
a general meeting convened for that pu
pose and after ten (10) days write
f: notice of this meeting has been given
each stakeholder.
ARTICLE S.-Failure to hold meetir
or meetings as provided in the foregOiT
. officers at the time specified shall n
work a forfeiture of this Charter, an
the officers and directors shall hold the
places until their successors are electe
Thus done and passed in my office
!, New Orleans aforesaid, the day, mon
and year first written, IN the presen
= of ROBERT A. HUYGHE and EUNIC
u ELLIOTT, witnesses of lawful age, don
/ ciled in this city, who hereunto sis
X their names with the parties and me- 4
i Original Signed:) Will II. Richard
e forty-nine (49) shares; Karl Schneida
y forty-nine t49) shares; W. NJ. Martin,
e Will t. Richards. one III snare; My
r Simmonds, one O share.
e ROBT. A. HUYGHE,
+ CHARLES sCHNEIDAU.
II I. the undersigned, Recorder of MOI
m cages, in and for the Parish Of Orleal
l. State of Louisiana. do hereby certify tn
"a the Act of 1ncorporatiOn of the VII
20 T. RICHARDS, INC. was this day du
). recorded in my office in book 1868. 70
y -, New Orleans, November, 1921.
Re ROBT. SCOTT, by. II
~ / certify the foregoing to be a tn
and correct copy of the original Act
ID Incorporation Of the WILL T. RIG
er ARDS. INC, together with the certific:
lie Of the Recorder of Mortgages of d
r parish on file and Of record In
s. notarial Offices.
a. CHARLES SCHNEIDAU.
y Notary Public
Nov. 2f-Dec. %
er
D. CHARTER OF THE r. II IMPIEME,