The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-26
CHARTER.


the Board of Directors: to purchase, lease
hold receive, hypothecate, convey, sell
pledge or mortgage real estate ana persona
property; to borrow money; 10 issue ne
gotiable bonds, notes, or other evidences OF
debt; to grant such degrees as may De per
mitted by law; and generally to DO ano
perform any and all other acts and Things
necessary and proper. or incident 70 lh'
successful operation and carrying out OF
the business outlined in the OBJECTS ana
purposes of this corporation, all according
to law and as may be deemed necessar!
and proper by the Board of Directors.
ARTICLE III-The objects and purposes
of this corporation, and the nature OF tht
business to be carried on by 1t, are hereoy
declared to be: To operate ana maintain
a school of art, including music drama
literature, languages, drawing and paint,
ing. and all the other arts; TO operate ana
maintain a choral or oratorio society, Ill
connection with said school, to De known
by the name of the New Orleans Oratorlo
Society, a name already given to and used
by such a chorus in connection with and as
part of said school named in Article L OF
this charter; to operate ana MAINTAIN u
symphony orchestra to be known by the
name of the New Orleans Symphony Or
chestra'', a name already used by and given
to such an orchestra in connection with
and as part of said school named In Ar
tice l of this charter; or to organize and
maintain chOruses and Orchestras under
Board Of Directors; to operate and main
tain a musical bureau for the employment
and management of artists, and to arrange
concert tours for same; and generally all
other objects and purposes tending to
promote and foster and develop all the
Arts in all their forms, and to do and per-
form any and all things Incidental or neces-
sary thereto, including the organization
and maintenance of such branches as may
be necessary or. in the discretion Of the
Directors
dent.
ARTICLE IV-All citations and other le-
gal process shall be served upon the Presi-
dent of this corporation, or, in his abb
sence, upon the Vice president. or Secre-
tary, or Treasurer,at the dOmicile of the
corporation, as herein fixed.
ARTICLE V-The capital stock of this
corporation is hereby fixed at Twenty-Five
Thousand Dollars 1925. OOO.O O), to be repre-
par value of fifty dollars $4,000 each I;
provided that the corporation shall become
i going concern and may begin to transact
business as soon as One-half of its said
capital stock is subscribed for. Said capt.
tai stock may be paid for in cash, or its
equivalent in property, goodwill. or for
services rendered. Before any stakeholder
shall sell any of his stock. he shall first
offer same to the Board of Directors for
the benefit Of all the stockholders. said Of
fer to be in writing for the book value of
the stock at that time. and said offer shall
remain open for period of thirty 500
days. No transfer of stock shall be bind
ing upon the corporation unless same is
duly made and recorded on the books of
the corporation.
ARTICLE VI-Said corporation, while its
capital stock is hereby fixed at $2J,OOO.OO
as designated in the preceding article, shall
have the power and authority to increse its
capital stock to one hundred thousand dol
lars (S10O,OOO.OO) in accordance with the
provisions of Article VIII of this charter,
and according to law.
ARTICLE VII-All corporate powers and
authority shall be vested in and exercised
BY a Board of Directors consisting of not
less than five (5), nor more than twelve
(12). stockholders. Three 90 directors
shall constitute a quorum of said board for
the transaction of all business.
Said directors shall be elected annually
on the first Monday of June of each year,
unless said day be legal holiday, in which
event said election shall be on the next
bank day or as soon thereafter as practi-
cable, and they shall hold Office for a term
OF one year or until their successors are
duly elected and qualified
Each stakeholder of record on the books
of the corporation shall be entitled to east
at such meeting, either in person or by
proxy, one vote for each share of stock
held by him, and a majority of the votes
east at such meeting shall elect, or shall
decide any other question. All meetings
Of said stockholders or directors shall be
held at the dOmicile of the corporation. ex-
cept, with the written consent of a majority
Of the Directors, meetings of the Board of
Directors may be held outside the State. or
elsewhere within the State otherwise than
at its domicile. Any vacancy occurring
between the dates of annual meetings here
In provided for, shall be filed by the said
board. Immediately after election of direc-
tors. they shall in turn meet and elect from
among their number president a vice
president, a secretary. and a treasurer. The
duties or such officers shall be such as
usually appertain to same. and as such as
may be additionally provided by the by
avs which may be adopted, as well as such
as are provided for in Section IS Of said
Act No. 267 of 1914.
The first annual meeting of stockholders
shall be held on the first Monday of June,
l922, as provided for in this article in the
second paragraph thereof. Until that time
the following shall constitute the Board of
Directors, whose addresses are given op-
pOsite to their respective names, to-wit
Miss Cammie A. Allen, 1928 Prytania street
Miss Mary NJ Conway. 1907 Dryades Street
Miss Mary V. Molony, 1925 Chestnut Street
Miss Ethel 5: McGehee 1924 Garfield Street
Miss Mary NJ. Scott, 113S Washington Ave
nue.; Mrs. Jane Austin Tuttle. 1902 Con-
Street; Mrs. Eugene Wehr-
nn-Schaffner, 300 Magazine Street, all
Iemmes soles; Ernest Il. Schuyler, 17S3
Coliseum Street; Mark Kaiser. 1887 Ba-
tonne Street; Ben T. Hanley. 2211 Banks
Street; Theodore Roehl, 800 Weis Building,
Ill In the City Of New Orleans, La.
Until said date, and until their successors
ire elected. the following shall be the Of
icers Of said corporation, to-wit: Presi-
lent, said Ernest z. Schuyler; Vice. Presi-
lent said Miss Mary NJ. Scott; Secretary.
laid Miss Mary NJ. Conway: and Trea surer
aid Mrs. Jane Austin Tuttle
ARTICLE VIII-The capital stock may
De increased, as stipulated In Article vi of
MS charter, as deemed necessary, provided
aid increase be made by vote of not less
han three-fourths (%) of all outstanding
'toek, and provided further that notice of
uch meeting. and Of all stockholders meet
ngs be given as provided by law. This
harter may be amended or altered, in any
aspect, by complying with tn. laws of this
state relative to the amendment of char
ers, IN force at such time such amendment
S contemplated.
ARTICLE Ix.,This corporation may be
dissolved, either by limitation or otherwise
md when dissolved, its affairs shall be
iquidated by two commissioners. elected
rom the stockholders, which liquidators
nan, II required by the holders of not
ess than 2o%o of the stock, furnish bond
ssets. Said liquidators shall remain in
nice until the affairs Of the corporation
nall be fully settled and liquidated with
uii power and authority to do any and all |
Gus or things necessary or proper or con. |
erred oy law, to wind up the affairs of the |
orporation.
ARTICLE x-No stakeholder shall ever |
e held liable or responsible for the faults |
r contracts or debts Of this corporation. |
r Tor any other matter or thing for any
uTtner sum than the unpaid balance, IL |