The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-29
CHARTER.

and use a corporate seal, aud the same
to change and alter at viii; to hold, pur-
chase, lease, sell and hypOthrcat" prop
erty, both personal and real, and 10
mortgage the same; to borrow and lend
money; to make and issue bonds, ana
other evidences of debt; to acquire and
use and to sell or dispose of trade marks,
trade names. copyrights and letters
patent; to name aud appoint directors,
managers, agents and employees through
its Board of Directors, or such ofhCer
or officers as may hereafter be deter
mined, and TO adopt through its Board
of Directors such bylaws. rules ana reg
ulatiOnS for the management ana con
duct of the business and AFFAIRS OF inns
corporation as may be necessary and
proper, with authority to change aud
alter the same
ARTICLE 2-The domicile 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 3.-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
at wholesale or retail, as principal or tOF
| the account of others, as agent, broker or
intermediary, both new and used motion
| picture films, and to do and engage III
| 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 nNed at the sum
| of Ten Thousand Dollars ($l0,OOOO0) Of
common stock divided into one hundred
| 0OO) shares of the par value of one
/ Hundred Dollars ($lO0.OO) each. The
| Capital Stock of this corporation may
| be increased. as provided for according
| to law, to Fifty Thousand Dollars
! $50, 100000. 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 as
soon as Fifty (JO) 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, unless
recorded upon its books and made pur-
suant to its charter and bylaws No
transfer or sale of stock shall be made
to any person without previously offer.
ing same at its book value TO The stocZ-
holders Of this corporation, said offer to
be submitted in writing to the Board OF
Directors, stating the number of shares
offered for sale. the name of the person
making the offer, and the price bona
tidely offered therefor; such option shall
be granted for a period of not less than
twenty (2O) days, unless the Board Ol
Directors unanimously waive this delay
in writing. The said stock shall have
the voting power at all meetings and
elections, and no person shall be eligible
to the position of Director or Officer O
the company unless he or she is thu
owner of at least one % 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
Directors composed of Four (D stock
holders who shall continue in office 70
5 one "a year. and until their successor
: have been elected and qualified. Tn
following named persons shall cOnstitut
and form the Board of Directors: Wi
6 T. Richards, Karl Schneidau. W. NJ. Mar
Q tin and Meyer Simmons. with Will I
/ | Richards. President; w. NJ. Martin. Vice
: President, and Karl Schneidau, Secretary
| Treasurer.
: ARTICLE 6.-No stakeholder of thi
a ! corporation shall ever be held liable fO
| the contracts Indebtedness or fault
thereof in any further sum than the NJ
o paid balance due the corporation on til
. shares of stock subscribed for by hin
a nor shall any infOrmalities in organic
II ton have the effect of rendering tn
a Charter null or of exposing a shareholdC
!, to any liability beyond the amount of II
u unpaid balance due on his stock.
% ARTICLE This act of incorpOr;
ton may be changed. modified or altere
. or this corporation may be dissolved
, liquidated in compliance with the exiS
| ing laws. especially Act 26I OF l9l4.
l. general meeting convened for that pu
A. pose and after ten (10) days write
j.; notice of this meeting has been given
r each stakeholder.
/. ARTICLE S-Failure to hold meetir
or meetings as provided in the foregoir
~ articles for the election of directors al
NJ officers at the time specified shall n
g. work a forfeiture of this Charter. al
H. the officers and directors shall hold the
places until their successors are electe
On Thus done and passed in my office
d. New Orleans aforesaid, the day, mon
to and year first written, IN the presen
N. ELLIOTT, witnesses of lawful age. don
Oh ciled in this city, who hereuntO si
ma their names with the parties and me. t
u' said Notary, after reading these presen
u Original Signed) Will #. Richar'
ne forty-nine (49) shares; Karl Schneids
% fOrty-nine (49) shares; W. NJ. Martin,
oe Will T. Richards, one 0J snare; My
o, SimmOnds, one % share.
go Witnesses:
he ROBT. A. HUYGHE,
OF OUNCE ELLIOTT.
IT. CHARLES SCHNEIDAU.
Notary Public
all I, the undersigned. Recorder of Mo
I'm cages, in and for the Parish of Orlea
ii State of Louisiana, do hereby certify Il
be the Act of Incorporation of the VII
he T. RICHARDS, INC. was this day du
pt- recorded in my office in book 1868. 70
we -, New Orleans. November, 1921
lin ROBT. SCOTT. by. r
" certify the foregoing to be a tr
nd and correct copy of the original Act
or Incorporation of the WILL 4. RIG
10 ARDS, INC, together with the certific'
w of the Recorder of Mortgages of Il
y, parish. on file and of record in
rs notarial offices.
Ia CHARLES SCHNEIDAU
Z! Notary Public
Nov. "a Dec. %
-er
~ AMENDMENTS TO CHARTER OF I'll
ne GREAT NORTHERN GRAVEL