The herald., 1921-04-07
CHARTER.
,R OF PBARcE FILMS iNeoh-
cHARIhn PORATED.

ttn"rsred and NAV public in and tor Ine
y Burns, q MS state of LOUISIANA Jul!
parish oii.ned and qualned: an i'i.na narSou.
eommiss re undersigned Wltnesi nersons
ssce Of the a "anpeared the seVerai P PEI
nv came anu are hereinafter SUBSCRIBE;
hose names ~ majority, VINO declareu
a the fun aso;Iig themselves OF the law
10 ne tnas relative TO the V III, 90 Act
Of this stems. and more espt ,isInts;vo acts
Of corp.yo1a page 52l, OF the r.tenanted and
81 , ~ state. they h presents do covenant
sereed, ana y! themselves and thelr sui sui
snd agree ioi ssigus to form them
csssors. anuotion and body polite lot Ine
into con ond purposes and lh1e ~ N. ~.
objects sSsreipafter set FORTH
lsuU mT,cLE 1.-The name aMG FILMS Iii IN
AInoration shall be fL ader snch title it
CORP0kAi and enjoy succession LOT
shall have ,stv.nine years from date heLe
period VI ahaII have power anu du. ii ~.
Of. ana she and be sued maxi anu ia
10 eonnrste seal, the same 10 49, mort.
eOrpoid,taea snre to hold, sell, Iea>t, lhoIa
alter al pn,hecate or pledge property; Ieai
cage, hyPo.A mixed, necessary, lncldentaI
personal o. 90 Ibe carrying on OF It's Dusl-
or proP'h NV and to hold stock III an! i,.
pess; " O or companies that ma! as '>is.
eoh npcompany in its objects "n or,it;rates of
this n and issue notes ana cei o,,vo;Dt
10 make anu 10 name, elect and appoint
indebtedness; ctors and clerks or other
managers, 70 nrouerly conduct It's corpor-
empioye;noss and to make suCh y! law
ate unugnIstions as may be iouna npE hmS;
ana Iei.ahIe for the management anu Du9
OF s1airs Of this corpOraIioh'
ness an 1.-THE domicile o, this cor
ARilCb hall he in the City OF New OF
poratlon 80 ~, ~ Louisiana, where all CITATION
leans' st" legal process shall De sefVeu
and o,neI nrssideut, or in the absence or me
upon tm upon the vice-presldeht, OF III tue
presOa cf both. upon the secretary
a.nTIrLE III-The objects and purposes
this corporation are hereby ueH,t and
stated W motion picture film exchange IN
operate 20 7 onisiana and Mississippi ana
the sses ss an the United States; 10 purchase
ese~ and hire films for moving picture
eS sss and stereopticans; 10 sen, rase,
h;-s exchange and otherwise dtai III Iiict,,ra
hire s,sa Aims: 10 supply motion, picture
pr ani,ors with motion picture MINIS ana
eAplIv,r,se operate generally as mouon
10 o. aim exchange; to purchase sell
~ and hire motion picture Iiacnih. =.
Fs.aseonticaus, illustrated song sHues "
manufacture, purchase, sen, ieg hara ar" in.
ssslPpn.sI with or appertaining TO ana useI
elusn atnro dramatic operate and muslcaI
ln no.mances vaudeville. moving picture
VA amusement enterprises OF every kl hu,
snS,scter and description. Ana geuerai.
"a do any and all other acts anu eAer or
an. n attain and further any or the
.nraroing objects and purposes.
,prrcIE IV-The capital stock of this
anaration Is hereby fixed at the sum OF
Tws hundred thousand (2N.ODOOl Doliars'
i,~,aaJ into Two thousand (2,OOO) shares
~ the par value Of One hundred (SlVO.oV!
noIjars each: provided, that the amount
- witch the capital stock of this corpora
.or NAV be increased shall be One million
NlOOO.OO000) Dollars.
Fifty per cent of the capital stock OF TINS
eoryoration must be subscribed Tor Deiore
,Se 6lIng of the articles of incorporation
The subscribed capital stock OF this cor
poration shall be payable in cash, property,
rsal or personal or for services performed
or rendered.
NJ stakeholder shall ever be held liable
A, responsible for the faults, contracts oil
Sshts Of this corporation in any further
snm than the unpaid balance due the cor.
marathon on the shares of stock subscribed
for by him, nor shall any mere informally
In the organization nave Ihe eneeu inc !"
rendering this charter null or or exposing
sny shareholder to any liability whatso
ever.
This corporation shall not engage IL
business until One hundred thousand (SlOO,
10000 Dollars of the capital stock ma
been issued and actually paid in, elthe
in cash, property, or services as aIore
said: II any of the stock of this corpora
ton Is exchanged in whole or in part 10
property or good will. in that event tn
provisions Of Section three (3) of Act 26
Of 1914 shall be strictly complied with.
ARTICLE v.-An the corporate power
Of this corporation shall be vested in ant
exercised by a board of directors compose.
Of three stockholders, each of whom shal
own. in his own right, during his tern
Of Office at least one full-paid and IN
pledged share of the capital stock, whicl
| shall be shown by his written declaration
| two ~ of whom shall constitute 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 TO-.
The officers of this corporation shall con
sist Of president, yice-president, secretar
and treasurer, 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
stitute the first board of directors Of thi
corporation, to-wit:
]. Eugene Pearce, No. / Dunleith Cour
New Orleans, La; Hilton J. Hermann
$40 State Street Drive, New Orleans, La
and st. Clair Adams, 1926 st. Charles Ave
nue., New Orleans, La, with j. Eugen
Pearce as president and treasurer, st. Clal
Adams as yice-president and Hilton
Hermann as secretary, and these officer
shall serve until the second Monday
March In the year 1922 or until their SUI
eessors have been duly elected and quail
fed.
Thereafter the directors shall be electe
annually on the second Monday of Marc
IN each year, beginning with the year 1872
elections 0f ha1 M
snd each stakeholder shall be entitled
one vote for each share Of stock standin
N MS name on the books of the corpor;
uoh, this vote to be cast in person or b
PROXY, and 1t shall require a majority
'ne Aock present or represented to elect
Failure to eject board Of directors Q
tne second Monday In March 1922, or a
nnally thereafter, shall not work TO
.saure OF this charter, but the old boar
directors shall remain in office unit
"eir successors are elected and qualified
ARTICLE yL-The board of directo
saan nod regular meetings at such tim
snah De nxed In the bylaws of this co
partition. These meetings shall be he
me domicile Of the corporation, b
~ PRESIDENT may call special meetings
ms beard OF directors at such times as
as, may aeem advisable, and he shall be r
s ssas 70 call such special meetings whe
u requested to do so by three membe
ra,t Lne BOARD OF directors. Three day
s,ssr e Of such special meetings shall
es, .n IN writing to the directors unle
Iar e. o. notice is signed by the director
s,ox,, 'asancy occurring on the board, eth
ss vm death, resignation, or Inability
49,. snail be filed by the board of I
mes AZ ITS next regular meeting aft
s,ss vacancy shall have occurred. Il
nj, 1oard Of directors Of this corporate
for ~ required to draft suitable by-la,
me government of this cornoratio
~ IN may be altered. amended or chang
engencies Of the case may requil
.f,oa ilNLE vII.-The stock of this corps
lon may be transferred nrariaadW ~,