The herald., 1921-04-21
CHARTER.
.a OF PEARoE FILMS MOOR
CBARi PORATED.

the year Va twenty one, OeloEe LlS - ~
hundred an a notary public 1n anu aot dnTv
P. Bain ~ orleans, STATE a Oh and in the pres
Smmissloneu, ndersigned witnesses, person
nee Of the Asnneared the several persons
sIly came anu are hereinafter suDscrlueu,
whose pam 80 of majority, VINO IecL iteu
Of the I u ayailig themselves oL 'nS "a
10 me th ata relative 10 tne oII 20 .,
Of tnlsorations, and more sio,,iSIafive acts
ss1 Of 1913, p"etb they have cOvenanted ana
n this sta, these presents DO covenant
sareed, ana W themselves and their sue
and agree assigns to form theInselNes
eessors anu.otion and body poAlc lot lne
into eo md purposes ana uhuoI w
objects sereinafter set forih' to-"
hu0nT 1.-The name ana me % i IHs
Akiiation shall be PE AECE src iL- titIe il
ecsa,RRGP'ORATED; ana ioE uns Succession for a
shsll nave ,nsty.nine years from date mere.
perioo u sball have power anu au. ,lS -
81. and sha sne and be sued make ana use
to contIaeta seal. the same 70 oreah anu an.
eorP.Vnle Measure; TO hold; sen, rast' ihU raol
alter Ihynothecate or pledge ~ iTnaijontai
gage, ny az mixed, necessary, lHcluehlaii
personal % 1or the carrying on OF ITS Ousl-
or proper and 10 hold stock In any other
ness; 10 ou! companies that may assist
eompan! oonv in its objects ana PURPOSES 4,
this COM and issue notes and certihcates y!
to m MAJ to name, elect ana apP ,hn.
indeo Ouers directors and cierhs vi or
managas IN properly conduct us coTPor.
employees 80 and to make such bylaws
ate pusiIstions as may be found necessary
ana rs,,shIe for the management anu Dusi-
OF ue sFairs of this corporation
nTICIE 1.-THE domiclle OF TINS cor
Akil. .hall he in the City of New Or
polaS state of Louisiana, where an citatIo 1s
vans osher legal process shal pe serve
anu The president, or IN lhe aosehIv 81 the
opaidsnt upon the yice-presldeht, oT III tue
presueo ~ both, upon the secretary.
aVsenr ,,cT r III-The objects and purposes
All oo-noration are hereby declared ana
OF lns ~ be. To conduct, maintain ana
staleo motion picture MIN exchange IN
opels1 ~ Iouisiana and Mississippi ana
tne sI in the United States; 10 purchase
els s.s and hire films for moving, picture
Eash,nes and stereoptfcans' 10 sell lease'
nscbanpe and otherwise deal IN motion
bhe, aims: TO supply motion picture
PuL,,ors with motion picture MINIS ana
eAnl.unevyise operate generally as motion
t 70 aim exchange; to purchase sell,
- and hire motion picture machines,
Fr.aasoonticans. illustrated song slides 10
ss.npfacture, purchase, sell, lease ana hire
nnn,iss of every kind and character IN,
ssIplpr,si with or appertaining to and used
81 inctnre dramatic, operate and muslcaI
-so,mances vaudeville. moving picture
"a amusement enterprises OF every KIND.
Ss,srter and description. And generally
- Al sny and all other acts and exercise
snv and all other powers necessary or
nroper 10 attain and further any OF the
sareroing objects and purposes.
.pTJcJE Iy.-The capital stock of this
.o1naration is hereby fixed at the sum OF
Trp hundred thousand GOO, 0O0OOl Dollars,
d,rided into Two thousand (2,OOO) shares
~ the mar value Of One hundred (S1OO.OOl
nolars each: provided, that the amount
IA which the capital stock of this corpora
lion NAV be increased shall be One million
QlOO0O00.00) Dollars.
Fifty per cent Of the capital stock Of this
corporation must be subscribed Tor beiore
the fling of the articles of incorporation.
The subscribed capital stock of this cor
marathon shall be payable in cash, property,
resl or personal, or for services performed
or rendered.
M stakeholder shall ever be held liable
ar responsble for the faults, contracts or
debts Of this corporation in any further
mm than the unpaid balance due the cor
poratIon on the shares of stock subscribed
for by him. nor shall any mere infOrmality
in the organization have the effect of
rendering this charter null or of exposing
any shareholder to any liability whatso-
ever.
This corporation shall not engage in
business until One hundred thousand $780,
10000 Dollars of the capital stock has
been issued and actually paid in, either
said: II any Of the stock of this corpora
ton Is exchanged in whole or in part for
property or good will. in that event the
provisions Of Section three 49, of Act 267
Of 1914 shall be strictly complied with.
ARTICLE v.-All the corporate powers
Of this corporation shall be vested in and
exercised by a board of directors composed
Of three stockholders, each of whom shall
swn. In his own right, during his term
Of Office, at least one full-paid and I'M
pledged share of the capital stock, which
shall be shown by his written declaration,
two te) Of whom shall constitute quorum
for the transaction of business, provided
that the board Of directors shall have the
right at any time to increase the number
Of directors to not more than five (5).
The officers Of this corporation shall con-
sist Of president, ce-president, secretary
and treasurer all of whom shall be MEM
bers Of the board of directors. Any two
Offices but no MORE may be combined, II
desired, and held by one and the same
person.
The following named persons shall con-
siiute the first board Of directors of this
corporation, to-wit:
J. Eugene Pearce, No. Dunleith Court,
New Orleans, La; Hilton J. Hermann,
uls State Street Drive, New Orleans, La. I;
and ST. Clair Adams, 1926 st. Charles Ave-
sue New Orleans, La, with j. Eugene
resfce as president and treasurer, st. Clair
ADAMS as viee-president and Hilton j.
hermann as secretary, and these officers
nal serve until the second Monday in
nafch m the year 1922, or until their sue
vssers have been duly elected and quail
Thereafter the directors shall be elected
nnuaiy on the second Monday of March
~ acn year, beginning with the year 1922,
- SECTIONS OF directors shall De py ballot
saa each stockholder shall be entitled to
soe Tor each share Of stock standing
ms name on the books of the corpora
~ nis vote to be cast in person or by
ana II shall require a majority Of
Aoek present or represented to elect.
A. .nnfe to elect board Of directors on
ss.n xcond Monday in March 1922, or an
sssy thereafter, shall not work a for
Aere OF this charter, but the old heard
arectors shall remain in office until
successors are elected and qualified.
AL anSIlcLE vI.-The board of directors
. .a. soid regular meetings at such times
S@sn be Fixed in the bylaws of this cor.
= , ~, These meetings shall be held
Ke nss., uSUmicile <of the corporation, but
- naent m&y call special meetings of
nav AZ. " direct0ss at such times as he
es;,.s sssm advisable, and he shall be re-
s,se s ~. 20 eau such special meetings when
h ~ to do so by three members
sstrs Soard OF directors. Three DAYS
rrse such special meetings shall be
! ssIve, ~ wntng to the directors unless
AM rssa ~ nouce is signed by the directors.
non 49, occurring on the board. either
ss,s sss,n, resignation, or inability to
,Vrfc,. VAL oe filed by the board OF di-
meh v.ss. ns next regular meeting after
ant so.s1ney shall have occurred. The
uAsil S a ra o. directors Of this corporation
fsF he sSsa to draft suitable by laws
Win ~. sosernment Of this CORPORATION.
d ~ nay be altered, amended or channad
ARr,c1 seacies Of the case may require.
No. AlCLE vH.-The stock az this cornor
h1rsss. Dc transferred. provided sucb
- ~ sAall be racordaS Pao'tueo such