The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-14
CHARTER.
OF PEARcE FILMS MOOR
CHARib PORATED.

buneIns notary puoiiSS 10 nrisiana. duly
2. pish of Orleans Sta atv and in the pres
Commissioner darsigned witnesses FeIeOh
snce OF tDe anpeared the severai p erSons
ally CANE are hereinafter Joaiared
whose snII age of majority, VIZ ,bo laws
Of the hat availig themseNcs %
10 me that ,a relative TO the oTSSIt 20 -
AZ this stat onS and more especially 10 Avt
of eorporauUU'age 521, of the Legislative acls
on Of DIS, pe they have coyenahteu anu
Of this "a nv these presents 90 W s,,cS
agreed, an for themselves ana . InSli
and and assigns 10 d 40 noIitic for the
into a corps nnrnoses and under the stlpu-
objects anuaipafter set forth, to-Wll'
latiohs The name and title OF ms
ARTICLE hall be PEARCE FILMS; IN
eorporaalphTED, and under sucn ~ ~ n
C0kr have and enjoy suSCess s az, 6ora
shall of ninety nine years from ron u amtbnritv
perioo shall have power anu M 80, iss
Of and sn1 sre and be sued, make ana use
10 c0ntrae., ssaI the same 10 Dreak anu
a eorporate sure. TO hold, sell, lease, mort,
alter AZ Pnothecate or pledge properly; Ieai
gage, or mixed, necessary ~ a. 80
pefsvnner for the carrElns on IN ony other
ness; 10 ous companies that may assist
COMPANY ~ in its objects ana purposes !,
this C v and issue notes ana certhcates VI
70 hn.adness; to name, eieGt an" "Pp LII
ind,ors directors ana clerAS Vi -
nsnioyees to properly s,,ch hv-Iays
ate punIations as may be found necessary
anu Ie,.ahIe for the management ana Ousl-
OF ae sfairs of this corporauoh'
,pr1CIE 1.-THE domiclle OF TINS C OF
shall he in the City OF New Or
porstiSSst ate of Louisiana, where all cltatloI1
rSd other legal process sha ahso pe Of tba
anu Vha nresident, or in the absence Oh the
upon lnI Pnnon the vice president, or In the
presiueo ~ both. upon the secretary.
, nrJc1E III-The objects and purposes
AK iNo.noration are hereby declared ana
OF .n 10 he. To conduct, maintain anu
nn.ste a motion picture MN eACHailSe ~ ~
ps,stes of Louisiana and Mlsslsslppl anu
.Isewbere in the United states, 70 puiSHnse
Is and hire films for moving pictule
eass ,sas and stereOpticanS; 10 sell, tease
maenln.b ange and otherwise deal in motion
i..a Aims: to supply mouon picture
pIbihitors with motion picture MINIS anu
g. n,berwise operate generally as hotlUii
nieture film exchange; 10 purcnaSei go
aoss and hire motion picture machines,
ss ssoonticans illustrated song sides 10
sIenfactnre purchase, SELL lease ana hlre
nnniies of every kind and character IN,
s;deatal with or appertalnlnS TO ana useI
q. lacture dramatic, operate ana muslcaI
I N vaudeville, moving picture
VA amusement enterprises of every kind
ahe and description. And generally
1a snv and all other acts and exercise
" =" and all other powers necessary or
n nrsner TO attain and further any OF the
foregoing objects and purposes
ARTICLE Iv.-The capital stock OF this
eorporation is hereby fixed az tne sum OF
.Trp hundred thousand (200,OOOOOl Dollars,
d,v,ded into Two thousand t2,OOO) shares
" The mar value of One hundred (S1OO.OOl
noI;ars each: provided, that the amount
10 which the capital stock OF this corpora
.;oa nav be increased shall be One million
lN,OO0.OO0O0) Dollars.
Fifty per cent of the capital stock OF this
eorvoration must be subscribed for Detort
he 6liug of the articles of incorporation
The subscribed capital stock of this cor
marathon shall be payable in cash, property,
real or personal, or for services performed
or rendered.
M stakeholder shall ever be held liable
ar responsible for the faults, contracts OF
debts Of this corporation in any furthei
sum than the unpaid balance due the cor
marathon on the shares of stock subscribed
for nv him. nor shall any mere infOrmality
IN the organization have the effect OF
rendering this charter null or of exposing
any shareholder to any liability whatso'
ever.
This corporation shall not engage In
business until One hundred thousand (S1OO,
OO0O.) Dollars of the capital stock ha:
been issued and actually paid in, either
IN cash. property, or services as afOre
said; II any Of the stock of this corpora
ton Is exchanged in whole or in part fol
property or good will. in that event tht
provisions of Section three (3) of Act 26I
Of 1914 shall be strictly complied with.
ARTICLE v.-All the corporate powers
Of this corporation shall be vested IN anC
! exercised by a board Of directors composed
Of three stockholders. each of whom shall
own. in his own right, during his tern
OF Office, at least one full-paid and un
pledged share Of the capital stock, which
shall be shown by his written declaration
two t2) Of whom shall constitute quorum
for the transaction of business, provided
that the board Of directors shall have thu
right at any time to increase the number
Of directors to not more than five (o).
The officers Of this corporation shall con
sist Of president, vice president, secretary
and treasurer, all Of whom shall be mem
bers Of the board Of directors. Any 1--WE
Offices, but no more, may be combined, j
desired, and held by one and the sam
person.
The following named persons shall con
stitute the first board of directors of thi
corporation, to-wit:
j. Eugene Pearce, No. Dunleith Court
New Orleans La. Hilton j. Hermann
xl9 State Street Drive, New Orleans, La.
and St. Clair Adams, 1926 st. Charles Ave
Pearce as president and treasurer, st. Clai
Adams as vice-president and Hilton j
Hermann as secretary, and these officer
shall serve until the second Monday Il
March In the year 1922, or until their sue
eeSyors have been duly elected and quail
Thereafter the directors shall be electe,
annually on the second Monday of Marcl
IN each year, beginning with the year 1922
al elections Of directors shall De by ballo
and each stakeholder shall be entitled {
one vote for each share Of stock standing
~ MS name on the books of the corpora
uon, this vote to be cast in person or b,
hIoSy, and II shall require a majority o
ue STOCK present or represented to elect.
Failure to eject a board OF directors OF
me second Monday In March 1922, or an
nssiy thereafter, shall not work a fol-
lsnure OK this charter, but the old boar
directors shall remain in office unit
er successors are elected and qualified.
ARTICLE vI.-The board of director
aaa mold regular meetings at such time
snail be fixed in the bylaws of this cor
poration. These meetings shall be hei
~. he domicile Of the corporation, bu
M president may call special meetings Q
nv ooard OF directors at such times as b
os, s eeem advisable, and he shall be re
s ss.r 70 call such special meetings when
~ requested TO do so by three member
me board Of directors. Three dayl
s S,sss o. such special meetings shall b
es,r.. ~ writing to the directors unles
Az 90 o. notice Is signed by the directors
vacancy Occurring on the board. eithe
ss,ya aeatn, resignation, or inability I
res,e snal be filed by the board OF d
men az It's next regular meeting afte
6rs, h.acancy shall have occurred. tn
shsi, J ~ o. directors Of this corporatio
"a az ps required to draft suitable bylaw
VITA me government of this Corporation
A. shs nay De altered, amended or Change
.pr' ngencies Of the case may requir
Altar LIE vII-The stock of this eorpol
trspsfs. De transferred, provided sue
Il ths . snall be recorded upon the boob