The herald., 1921-03-17
CHARTER.
CHARTER OF PEARCE FILMS, MOOR
PORATED.

I-nitsd States of America. State of Louis
lana, Parish of Orleans. BE IL Known
That on this fourteenth day OF March III
the wear of our Lord one thousand nine
hundred and tWpnty-one. before me, trancl-
T. Burns. Il notary public IN ana Tor 'ne
Parish of Orleans, State or LOUISIANA uul!
commissioned and qualihed, ana III the pres
once of the underSig ned witnesses. person
ally cam. and Appeared the several persons
WHOSE names are hereinafter subscribed.
of the full age of majority, VINO 9e'Iareu
TO me that ayailig themselves OF the laws
of this state relative To the ORGANIZATION
of cOrpOratiOnS. and more especially TO Act
o67 of lgl4 page J2l, of the legislative acts
of this state they have cONenahteh anu
agreed and by these presents 30 covenant
and agree for themselves and their sue
resSorS and assigns to form themselves
into a CORPORATION and body polite for the
Elects and purposes and under the stlpu-
lationS hereinafter set forth, to-wlt:
ARTICLE 1.-The name aud title OF TINS
corporation shall be PEARCE FILMS, IN
CORPORATED, and under such tltle II
shall have and enjoy succession lot
period of ninety-nine years from date mere.
of and shall have power ana authority
10 contract sue and be sued make ana uNt
n corporate seal, the same TO break ana
alter at pleasure; to hold, sell, lease, mort,
gage. hypothecate or pledge property, reai
. personal or mixed, necessary, ln'ldrhtai
or nrOprr for the carrying on of Its buSl-
mss: TO buy and to hold stock in any other
company or companies that may assist
/ this company in its objects ana purposes
/ to make and issue notes aud certificates OF
. indebtedness: to name, elect and appoint
/ managers directors and clerks or other
/ EMPLOYEES to properly conduct Its cOrpOf.
ate business and 10 make >uch by-laNa
, and regulations as may be found necessary
F or desirable for the management ana bu>l-
ness affairs of this corporation.
/ ARTICLE U-The domicile of this cor
/ poration shall be in the City of New or
leans. State of Louisiana, where all citation
and other legal process shall be served
4 upOn the president. or III the absence OF tlt
president upon the Vice-presidrnt. or in The
absence, of both. upon the secretary.
ARTICLE III-The objects and purpose,
of this corporation are hereby declared ana
stated to be: To conduct maintain and
operate motion picture MIN exchange III
the states of Louisiana and Mississippi ana
elsewhere in the United States 10 purrhaS'
lease and hire films for moving picture
machines and stereOpticans; TO sell. lease
hire, exchange ana Otherwise ut;il III motor
picture films: to supply motion pictur,
exhibitors with motion picture MINIS anC
to otherwise operate generally as a MOTION
picture film exchange; to purchase, sell
lease and hire motion picture machines
stercOpticans, illustrated song slides t'
manufacture. purchase, sell, lease ana hlrt
supplies of every kind and character IN
/ cidrntal with or appertainlng To ana USED
in lecture. dramatic. operate and mu>lca
performances. vaudeville, moving pictur,
and amusement enterprises OF every klnd
character and description. And general!
to do any and all other acts and exercise
any and all other powers necessary oil
proper TO attain and further any OF the
foregoing objects and purposes.
ARTICLE Iy.-The capital stock of thi,
corporation is hereby fixed at the sum OF
Two hundred thousand (2O0.000.OOl Dollars
divided into Two thousand (2oOO) Share'
of the par value of one hundred CSlUo~!
Dollars each; provided, that the amount
to which the capital stock of this corpora
ton may be increased shall be One million
$1,000. 10000 Dollars.
Fifty per cent of the capital stock of thi'
orYOration must be subscribed for befOr'
the filing of the articles of Incorporation
The subscribed capital stock of this cor
pOratiOn shall he payable in cash. property
real or personal, or for services performed
or rendered
No stakeholder shall ever be held liabl,
or responsible for the faults. contracts O
debts of this corporation in any furthe
sum than the unpaid balance due the cor
poration on the shares of stock subscribed
for by him. nor shall any mere informally
in the organization have the effect o
rendering this charter null or of eNpO>in.
any shareholder To any liability whatso
ever.
This corporation shall not engage il
business until One hundred thousand $500
OG.O0) Dollars of the capital stock ha
- been issued and actually paid in. eithe
in cash. property. or services as afore
said if any of the stock of this corpora
ton is exchanged in whole or in part 70
property or good will in that event III
provisions of Section three 81 of Act 20
of 1914 shall be strictly complied with.
ARTICLE V.-All the corporate power
of this corporation shall be vested in an,
exercised by board Of directors compose
of three stockholders each of whom shall
! own, in his own right, during his tern
of office AT least one full paid and III
pledged share of the capital stock, whic
: shall be shown by his written declaration
two 81 of whom shall constitute n quorum
for the transaction of business. provide
that the board of directors shall have tn
right at any time to increase the numbe
of directors to not more than five 90.
The officers of this corporation shall con
sist of president vice president. secretar
and trea surer, all of whom shall be mem
bers of the board of directors. Any tw
? offices. but no more. may be combined.
desired, and held by one and the sam
person.
The following named persons shall cor
2 stitute the first board of directors of thi
corporation, to-wit:
J. Eugene Pearce. No. / Dunleith COur
New Orleans. La: Hilton j. Hermann