The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-19
CHARTER.

seal, and the same to alter. change oil
amend ut pleasure; to adopt. make ana en-
force such bylaws, rules and regulations
for its government as it may choose, not
contrary 10 the laws of the United States
the laws of this State, or this charter; &c
employ and fix the compensation OF suc1
officers. employees or agents as the III
terestS of the corporation may require; tC
appoint and supervise such committees as
NAV be deemed proper and necessary by
the Board of Directors; to purchase. lease
hold, receive, hypOthecate, convey, sell
pledge or mortgage real estate and personal
property: to borrow money; TO issue ne
gOtiable bonds. notes. or other evidences oil
debt: to grant such degrees as may be per
mitted by law; and generally to do and
perform any and all other acts and things
necessary and proper, or incident 20 the
successful operation and carrying out OF
the business outlined in the objects and
purposes of this corporation, all according
to law, and as may be deemed necessary
and proper by the Board of Directors.
ARTICLE III-The objects and purposes
Of this corporation, and the nature OF the
business to be carried on by it. are hereby
declared to be: To operate and maintain
a school of art including music, drama,
literature. languages, drawing and paint
ing, and all the other arts; to operate and
maintain a choral or Oratorio society, in
connection with said school, to be known
by the name of the New Orleans OratoriO
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 and maintain
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
ticle / of this charter; or to organize and
maintain choruses and Orchestras under
any other name, in the discretion of the
Board of Directors: to operate and main
tain 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
Board of Directors, convenient or expe-
dent.
ARTICLE IV-All citations and other le-
gal process sh.ll be served upon the Presi-
dent of this corporation, or, in his abb
sence, upon the Vice President. or Secre-
tary, or Treasurerat the dOmicile of the
corporation, as herein fixed.
ARTICLE v-The capital stock of this
corporation is hereby fixed at Twenty-Five
Thousand Dollars (S25.0O0.OO). to be repre-
sented by five hundred $500 shares of the
par value of fifty dollars $4,000 each /;
provided that the corporation shall become
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
rom IN Co. ~
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 S25. 900 90
as designated in the preceding article shall
have the power and authority to increse its
capital stock to one hundred thousand dol
lars CSlOO,0OO0Ol in accordance with the
provisions of Article VIII of this charter
and according to law.
ARTICLE vII-An corporate powers and
authority shall be vested In and exercised
BY Board of Directors consisting of not
less than five 90, nor more than twelve
Q2l: stockholders. Three 60 directors
shall constitute 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
or one year or until their successors are
duly elected and qualified.
Each stakeholder of record on the books
or the corporation shall be entitled to cast
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 A
or said stockholders or directors shall be
held at the d0micile of the corporation ex-
cept, with the written consent of a majority
or the Directors, meetings of the Board of
directors may be held outside the State, or
elsewhere within the State otherwise than
az It's domicile. Any vacancy occurring
from any cause in the Board of Directors
between the dates of annual meetings here
IN provided for, shall be filed by the said
beard. Immediately after election of direc-
tors. they shall in turn meet and elect from
among their number a president, a vice
president. a secretary, and a treasurer The
1uues OF such officers shall be such as
usually appertain to same and as such as
may be additionally provided by the nv
avs which may be adopted, as well as such
is are provided for On Section 16 of said
Act No. 267 of 1914
The first annual meeting of stockholders
snail be held on the first Monday of June.
~, as provided for in this article IN the
ne Following shall constitute the Board of
directors, whose addresses are given on
,oslte TO their respective names to-wit
HISS Cammie A. Allen, 1928 Prytania street
Hiss Mary NJ. Conway. 3707 Dryades Street
Hiss us Mary V. Molony, 1925 Chestnut Street
Hiss Ethel 5. McGehee. 1924 Garfield Street
Mss Mary NJ. Scott, l13S Washington Ave
lue Mrs. Jane Austin futile, 1902 Con- |
Street; Mrs. Eugenie Webr- !
mann -Schaffner, 1920 Magazine Street ALI |
emmes soles; Ernest E. Schuyler, 1883 |
.oilseum Street; Mark Kaiser, 1887 Ba- |
onne street; Ben I; Hanley, 2211 Banks
treet; Theodore Roehl 800 Weis building.
ii In the City of New Orleans, La.
Until said date, and until their successors
re elected. the following shall be the Of
GERS or said corporation. to-wit: Presi-
eht, sald Ernest Il. Schuyler; Vice Presi-
eht' said Miss Mary NJ. Scott: Secretary,
aid Miss Mary NJ, Conway; and Treasurer
aid Mrs. Jane Austin futile.
ARTICLE vIII-The capital stock may
Z increased. as stipulated in Article vi of
MS charter, as deemed necessary provided
ald increase be made by a vote of not less
nan three-fourths (&) of all outstanding
lock' and provided further that notice Of
ich meeting, and of all stockholders meet
lgs De given as provided by law. This
narter may be amended, or altered. in any
.spect, by complying with tho laws of This
tate relative to the amendment of char.
RS, In force at such time such Amendment
contemplated.
ARTICLE IX-This cornoratjon NAV h.
lssoIved, either by limitation or otherwise
M when dissolved, its affairs shall no
quldated by two commissioners. elected
ON the stockholders, which liquidators
laii, III required by the holders of not
OF greater than the appraised yalne Of tha
ssets. Said liquidators shall remain a.