The herald., 1921-10-27
CHARTER.

tions and other legal processes shall be
served on its regular officers, according 10
law, fixed by this charter.
ARTICLE III-The objects and purposes
for which this corporation is organized,
and the nature Of the business TO be ear
ried on by il are hereby declared to be.
To furnish motion picture advertising ser
vice To any person, persons, firm or cor
poration. either in the City OF New Orleans
or elsewhere. to make contracts for such
service, prepare necessary films and equip
ment, to furnish same, and to do all acts
and things requisite and necessary, in
order TO furnish such service as may be
incidental aud proper to said business.
ARTICLE IV-The capital stock of this
corporation Is hereby declared to bp the
sum Of fifty thousand dollars $4,000 OO),
divided into five hundred t5O0l shares OF
common stock, of the par value of one
hundred dollars $4,000 per share.
The capital stock of this corporation
may lie increased to one hundred fifty
thousand dollars tSlj0OOO O).-the said
increaS" of one hundred thousand dollars
tSl0OuOOmt TO consist Of one thousand
UUuO) shares of common stock, of the par
value of one hundred dollars $4,000 per
share.
ARTICLE V-The corporate powers Of
this corporation shall be vested in a board
Of directors, which shall consist Of not less
than fiv" shareholders, and they will be
elected by the stockholders at a general
| TENDER of each year.
The board of directors shall have the
power 10 make all by laws, rules and reGu-
latl0nS necessary for the conduct of the
business affairs Of said corporation, and
! said corporation shall have the following
| officers: president, a Vice-pTesdent, and
secretary treasurer.
ARTICLE NI-The first board Of direc-
| tors and officers shall serve for one wear
from date, or until their successors are
! duly elected and qualified, and shall be-:
/ Lauren j. Bradley, of New Orleans La
| president, who hereby subscribcs for 247
| shares: VIM. johnson, of New Orleans,
| La, secretary treasurer, who hereby sub
! Scrlbes for 2i7 shares: Ole \. Johnson,
] of GulfpOrt, Miss, who hereby subScrihcs
for shares; Walter u. Bradley, vice
| president, Of New Orleans, La, who here
/ by subscribes for shares; and Johnston
Armstrong, Of New Orleans, La, who here
| by subscribes for shares.
! And whereas the subscription TO the
/ capital stock of this corporation, organized
| by this act, consists, in part, of property
and good will, so far as the subscription
| of VIM. johnson and Lauren j. BRADLEY
are concerned, there is anneN"d hereto, and
| marked Exhibit A., a detailed statement
| of the assets and liabilities of the Motion
| Picture Advertising Service Co, CO
! partnership composed OF Lauren J. Brad
/ ley and said Vim. johnson. showing the
| assets and liabilities with an excess of
!
| appraised by the board of directors of this
corporation at the sum of $l6,OO0O0
There is also, as shown by the annexed
| Exhibit b., contracts belonging to said
| corporation, aggregating the sum Of $25,
| UOOO, from which a profit Of $50O0O0 net
will be realized. and said profit is hereby
| appraised at 100000 by the board of di-
! rectOrs OF this corporation.
The good will, trade and custom Of the
said co-partnership is hereby appraised
by the said board of directors of this cor
| poralOn at the sum of S30OOOOO, making
n total of S50,0OO.OO, of which $40 10000 is
to be credited, in equal prOtiOns, to the
subscriptions of the said Lauren J. Brad
ley and VIM. Johnson. composing said
hrm, each of whom agrees not to engage
| in any competitive business for the space
of three years-the said good will, trade
and custom being so appraised, after per
Sonal investigation on the part of the said
board Of directors of this corporation.
Thus done and passed at my office in
the City of New Orleans, State of Louis
| lana, on the day, month and year here
in first above written, in the presence OF
John G. Swope and Il. l.. Ray, the under
who hereunto sign their names with sale
appearers and me, notary, after due read
ing of the whole.
Witnesses: John C. Swope, b. l.. Ray
(ORIGINAL SIGNED0
l.. j. Bradley, w. johnson, Johnston
Armstrong, w. d. Bradley, o. A. johnson
CHARLES SCHNEIDAU,
(SeaD: Notary Public
/, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing Act of IncOrpOra
ton of the Motion Picture Advertiser
Service Co., Inc, was this day duly re
corded in my office in Book 1858. Foil
40.
New Orleans, September 9th. 1921.
(Signed): ROBT. SCOTT,
(SeaD: Deputy Recorder
Sept. 29-NOv. 3.