The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-08
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; to 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-
duct of the business and affairs of this
corporation as may be necessary and
proper, with authority to change and
alter the same
ARTICLE 1.-The domiciIe 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 S.-Tne objects and pur-
poses for which this corporation is
organized and the nature of the business
TO be carried on by it are hereby de-
clared to be: To buy, sell and deal in
ut wholesale or retail, as principal or for
the account of others, as agent, broker OF
intermediary, both new and used motion
picture films, and to do and engage in
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 (SlO,OOOJOO) OF
| common stock, divided into one hundred
| tlOO) shares of the par value of One
Hundred Dollars (sl0OO0 each. The
| Capital Stock of this corporation may
| ha Sah oil f,r
| to law, to Fifty Thousand Dollars
| (S5OO00.O0). 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 "a
| soon as Fifty (50) Per Cent of the stock
has been subscribed for. All shares Of
stock shall be fully paid and non
| asseSsable. No transfers of stock shall
be binding upon the company, unles,
| recorded upon its books and made pur
| suant to its charter and bylaws. n,
| transfer or sale of stock shall be mad,
to any person without previously offer
ing same at its book value to the stOcg
holders of this corporation, said offer I,
| be submitted in writing to the Board o
| Directors, stating the number of share
| offered for sale, the name of the person
| making the Offer and the price bona
fdely offered therefor: such option shall
be granted for a period of not less thar
| twenty (2O) days, unless the Board o
| Directors unanimously waive this della!
| in writing. The said stock shall hay
| elections, and no person shall be eligibl
to the position of Director or officer o
the company unless he or she is tn
owner of at least one "a share of tn
stock of the corporation.
ARTICLE 5-All the corporate power
of this company, and the management
and control of its business shall b
vested in and exercised by a Board o
God Of 40
holders, who shall continue in office TO
one a. year, and until their successor
have been elected and qualified. TIL
following named persons shall constitut
and form the Board of Directors: Wi
t. Richards, Karl Schneidau, W. NJ. Mar
tin and Meyer Simmons, with Will 7
Richards. President; W. NJ. Martin, Vice
President and Karl Schneidau, Secretary
| Treasurer.
| ARTICLE 6.-No stakeholder of thi
corporation shall ever be held liable 70
the contracts, indebtedness or fault
thereof In any further sum than the III
paid balance due the corporation on III
shares of stock subscribed for by hin
nor shall any informalities in organic
ton have the effect of rendering TIL
Charter null or of exposing a shareholds
to any liability beyond the amount Of tn
unpaid balance due on his stock.
J ARTICLE This act of incorpor,
tion may be changed, modified or altere,
or this corporation may be dissolved {
iquidated in compliance with the eXis
ing laws. especially Act 267 of 1914,
a general meeting convened for that pu
pose and after ten Q0 days write
4; notice of this meeting has been given
. each stakeholder.
ARTICLE S-Failure to hold meetin
or meetings as provided in the fOregoin
, articles for the election of directors ar
officers at the time specified shall n
work a forfeiture of this Charter, ar
the officers and directors shall hold the
lt.1n 81. IL
, Thus done and passed in my office
I New Orleans aforesaid, the day, mon
= and year first written, IN the presen
= of ROBERT A. HUYGHE and EUNIC
ELLIOTT, witnesses of lawful age. dom
: ciled in this city, who hereunto sil
x their names with the parties and me. Il
said Notary, after reading these present
: Original Signed:) Will T. Richard
forty-nine (aS) shares; Karl Sehneida
e will t. Richards. one Il, snare; Ny
r Simmonds, one ~ share.
d Witnesses:
e ROBT. A. HUYGHE,
Il EUNICE ELLIOTT.
: CHARLES sCHNEIDAU.
Notary Public.
n I, the undersigned Recorder of MOI
N cages, in and for the Parish of Orlear
j. State of Louisiana, do hereby certify tn
- T. RICHARDS, INC. was this day du
e recorded in my office in book 1893 fo
. =, New Orleans. November, 1921.
&c ROBT. SCOTT, by. r
~ I certify the foregoing to be q tr
:, and correct copy of the original Act
% Incorporation Of the WILL T. RIG
n ARDS. INC, together with the certifcs
lie OF the Recorder of Mortgages of Il
r parish, on file and Of record in !
s. notarial offices.
a CHARLES sCHNEIDAU.
y Notary Public
Nov. 2i-Dec. -
sr