The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER.

dependence of the united states Vi Aine 80
the one hundred and forty fifth; belore
me J. Henry Forcelle, Jr., notary pun
lie in and for the Parish of Orleans. stare
of Louisiana, aforesaid, duly Commissioners,
| sworn and qualified and IN the prsse ina
! of the witnesses hereinafter named ana
| undersigned personally came ana ap
| reared. the several persons whose haliies
| are hereto subscribed, who seVerahy ue
clared that availing themselves oi hi hne Stata
| visions of the general laws OF TINS otale'
| proyiding for the organization OF corpora
tions particularly Act 26' OF I2'f, 'nrS
! have covenanted and agreed ana 90 oA
| these presents covenant agree ana plhu
| themselves as well as all such persons as
! NAV hereafter become associated WIN
| them TO form and constitute corporatio,i
and body polite in law, for me 1o ;ions
| and purposes and under the stlpulatlohs
| and agreements following, to-wit:
| ARTICLE 1.-The name and title OF TINS
| CORPORATION shall be the General Iheatre
Supply Company, Inc and ~ snaiL e enite
| name for period of ninety (99D years
from the date hereof, unless sooner ais
| solved. with all the rights and powers now
or hereafter conferred by law upon sliiil-
It's domicile shall be in the City Of New
| Orleans, La. and all citations ana otner
| legal process shall be served upon the
| President and in the event of his absence
| or in ability to act upon the Nice-Presl-
dent or Secretary, in the order named
| ARTICLE 1.-THE objects and purposes
| for which this corporation is organized ana
the nature of the business TO De carried
| on nv II are declared TO be: To buy and
sell mt retail or wholesale, or other"lse
| acquire or dispose of and eeneraliE u
| trade and deal in theatres, moving picture
machines, theatre equipment ana supphes
| of every nature and kind whatsoever or
l any kind of paraphernalia used IN. Dv OF
for a theatre; and generally 10 90 anu
perform such acts and deeds ana trans,
act such business as may be 1ncldehtai
or prrmane to any of the objects and
purposes herein set forth; the foregoing de-
tails not being intended TO be exclusive.
1t being intended to do any act or thlnE
Il necessary to carry cut and accomplish the
purposes of said corporation.
ARTICLE III.-The capital stock OF TINS
CORPORATION is hereby fixed at forty thOn>
and dollars (SiOOOOO to be divided INTO
four hundred shares of the par value OF
one hundred dollars ($lOOOO) each which
said stock shall be paid for in cash or IN
| property and good will transferred 10 sald
corporation or In work done 1or OF services ~,
rendered to said corporation, as may be
decided by the Board of Directors ana
upon terms to be fixed by said Board OF
. | Directors.
All transfers of stock shall be made on
! the books of the corporation, and no trans
fer of stock shall be in any way binding
on the corporation unless and until 1t Is
: made in pursuance to the provisions OF TINS
: charter. .,
2 No stockholder Of this corporation shall
be permitted to sell or otherwise dispose
of his stock without first offering the same
! in writing, to the other stockholder'
not exceeding the book value thereof; and
said stockholders. in proportion to theii
holdings, shall have an option and mrs.
right or purchasing all Of the shares
stock to be thus disposed of by sale oil
u otherwise of any of the stockholders, anC
: shall have n period of ten days in which
} to accept or decline said offer
Should the stockholders decline to pur
II lnho Coi1 Smph stakeholder
at liberty to sell or dispose OF the stocl
!, and may do so in any manner and at aH
u price he may deem mt.
Each share of stock Is issued hereiT
: upon the condition and understanding tina
' | no stakeholder shall sell or 0therwls'
!, transfer his stock in violation hereof, an6
u any such sale or transfer II made shal
: be void and this corporation shall be un
5 der no obligation to list said stock on III
e books or to regard the holder of the Ger
( tifcate thereof.
!, The capital stock of this corporation ma!
= be increased to any amount not exceedins
: two hundred and fifty thousand dollars.
: Each share of stock shall entitle thu
}, owner thereof. either in person or b!
proxy, to cast one vote at all genera
n ARTICLE Iv.-All the corporate powers
!, of said corporation shall be vested In anC
u exercised by a Board Of Directors com
e posed of not less than three nor more thai
), seven stockholders, to be elected at an an
o nual meeting of the stockholders to b.
,, held on the first Tuesday of December o
!. each year; If the date fixed for said cleo
! ton fall on a legal holiday, then said cleo
T ton shall be on the first day thereafter no
: legal holiday. All such elections shall
> be by ballot; of such elections at leas
i fifteen days previous notice shall be givel
e to each stoc kholder, either personally o
: by depositing the same in the postoffic
/ properly addressed. A majority of tn
votes cast shall elect and each share o
J; stock shall be entitled to one vote to b
lnas 81 Nv fhn N
De The Directors thus elected shall serv
and continue in office for one year or un
til their successors shall have been dull
~ elected and shall have qualified; failur
y to elect Directors on the date above spe
Gifted shall not dissolve the corporation
- but the existing Board shall cause an
\ other election to be held within thirt
g. days thereafter, whereof fifteen days pr,
3: vious notice shall be given.
y Any vacancy occurring in the officers Q
~ Board from any cause whatsoever shall
n filled for the unexpired term by the n
o. naming Directors. Any Director who ma
De be absent from the City of New Orlean
e shall have the right to appoint any stool
vi holder of the corporation to vote for hi
le proxy shall have and exercise all the pow
u ers of such Director appointing him.
-. majority Of the Directors shall col
We stitute a quorum for the transaction
a, all business.
all The Board of Directors shall elect fro
~ m their number President Vice-Presiden
~ ~ Secretary and Treasurer and sue
On other officers as they may think proper (
De convenient for the carrying on Of the co
no poration's business, and shall have pow'
es to unite two or more Offices, or to dispen:
'ct with any Office in their discretion and
e. fix the salaries of all officers. agents an
n9 employees; the said officers shall continl
eu in office for one year from such electiC
70 or until their successors are elected an
rd have qualified.
RS Said Board of Directors shall have flu
Ite power and authority to exercise all Il
ei powers conferred on this corporation
N these articles Of Incorporation or whiC
III are or may be permitted by the laws al
plicable to corporations.
~ The following persons shall constitu
ne the first Board of Directors and shall SER
III y. until the first Tuesday in December, 1872
OF or until their successors shall have bee
nv elected and qualified, viZ:-John II. NJ
eI jeau, No. 1912 n. Robertson Street, Ne
ne Orleans. La; Wyndham Robertson 224
en- Alexander Street, New Orleans, La, ar
% Carroll b. Walmsley, So Perdido Stree
"a New Orleans, La, with the said John
nu Majeau as President, and the said Wyn,
ail ham Robertson as Secretary Treasurer.
~ ARTICLE V.-This act of incorporate
se may be amended, altered and modified
us this corporation dissolved in the mann
us provided by law and particularly in co
70 formity with said Act 267 of 1914.
ne ARTICLE VINO shareholder shall ev
OF be held liable or responsible for the col
20 tracts or faults of this corporation in al
'er further sum than the unpaid balance d.
VI on shares of stock owned by him; n
!, shall any informality in organization ha
IL h. AAA "a