The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-22
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; 10 name and appoint directors,
managers, agents and employees through
its Board of Directors, or such officer
or officers may hereafter be deter
mined and to adopt through its Board
of Directors such bylaws. rules and reg
ulations for the management and con-
duet of the business and affairs of this
corporation as may be necessary and
proper. with authority to change and
alter the same
ARTICLE 2.-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 and deal in
at wholesale or retail, as principal or for
the account of others, as agent. broker or
intermediary, both new and used motion
picture MINIS, and 10 DO ana engage i'll
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 4.-The Capital Stock of this
corporation is hereby nxed at the sum
of Ten Thousand Dollars (S10,OO00O) of
common stock, divided into one hundred
900 shares of the par value of One
/ Hundred Dollars (s1OO.OOl each. The
Capital Stock of this corporation may
be increased, as provided for according
to law, to Fifty Thousand Dollars
| (S5O,OO0OO. 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.
| This corporation may begin business as
| soon as Fifty (50) Per Cent of the stock
| has been subscribed for. All shares of
stock shall be fully paid and nom
assessable. No transfers of stock shall
| be binding upon the company, unless
recorded upon its books and made pur-
| suant to its charter and bylaws No
| transfer or sale of stock shall be made
| TO any person without previously offer
| ing same at its book value to the stocs-
holders or this corporation, said offer to
| be submitted in writing to the Board of
| 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 than
| ~
| Directors unanimously waive this delay
| in writing. The said stock shall have
the voting power at all meetings and
elections, and no person shall be eligible
to the position of Director or Officer of
the company unless he or she is the
| owner of at least one % share of the
| stock of the corporation.
| ARTICLE 5.-All the corporate power.
and control of its business shall be
vested in and exercised by n Board OF
| Directors composed of Four (i) stock
| holders who shall continue i'm office for
one ID year. and until their successors
have been elected and qualified. The
| following named persons shall constitute
and form the Board of Directors: Will
t. Richards, Karl Schneidau, w. NJ. Mar
Richards President; w. NJ. Martin, Vice.
President, and Karl Schneidau, Secretary
| Treasurer.
| ARTICLE 6.-No stakeholder of this
| corporation shall ever be held liable for
the contracts, Indebtedness or faults
| thereof in any further sum than the I'M
| paid balance due the corporation on the
shares of stock subscribed for by him.
nor shall any infOrmalities in OrganiZa.
| ton have the effect of rendering this
| Charter null or of exposing a shareholder
to any liability beyond the amount of the
unpaid balance due on his stock.
ARTICLE This act of incOrpora-
ton may be changed, modified or altered
or this corporation may be dissolved or
liquidated in compliance with the exist.
ing laws, especially Act 267 Of 1914. at
a general meeting convened for that pur-
pose and after ten (10 days written
notice Of this meeting has been given ia
each stakeholder.
ARTICLE S.-Failure to hold meeting
or meetings as provided in the foregoing
articles for the election Of directors and
officers at the time specified shall not
work forfeiture of this Charter, and
the officers and directors shall hold their
places until their successors are elected
| Thus done and passed in my office IN
New Orleans aforesaid, the day, montl
and year first written, IN the presenc,
OF ROBERT A. HUYGHE and EUNICE
ELLIOTT, witnesses of lawful age domi
ciled In this city, who hereunto sigr
their names with the parties and me- tn,
said Notary, after reading these presents
Original Signed:) Will T. Richards
forty (49) shares: Karl Schneidau
forty nine (49) shares: W. NJ. Martin. b,
Will t. Richards. one III snare; MyeI
Simmonds, one ~ share.
Witnesses:
ROBT A. HUYGHE,
OUNCE ELLIOTT.
CHARLES SCHNEIDAU.
Notary Public.
i. the undersigned. Recorder of Mort
cages, in and for the Parish Of Orleans
State of Louisiana, do hereby certify tina
me Act Of INCORPORATION Of the WILL
t. RICHARDS. INC, was this day dul,
recorded In my office in book 1868, foil
-, New Orleans. November, 1921.
R0BT. SCOTT, Dy. r.
certify the foregoing to be n tru
and correct copy of the original Act o
. incorporation of the WILL T. RICH
, ARDS, INC, together with the certifcat
OF the Recorder Of Mortgages of thi
parish, on file and Of record in m
notarial Offices.
CHARLES SCHNEIDAU.
Notary Public.
AMENDMENTS TO CHARTER OF TIL
, GREAT N0RTHERN GRAVEL