The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.

orally everything incident to or connected
with the businesses above mentioned; to
rent, purchase, build and otherwise ac-
quire land, buildings, equipment or any
other form of property necessary to or
| connected with the business of theatres,
motion picture shows or other forms OF
amusement, and generally to do all things
incidental to or in any way appertaining
to the above purposes.
| ARTICLE ". /. The authorized cap
| ital stock of this corporation is hereby
fixed at Two Hundred Thousand Dollars
! $500, 100000, divided into 1000 shares of
the par value of One Hundred Dollars
| (Sl00.OO) each.
.. Fifty per cent (5OGo) Of said amount
| shall be subscribed before the filing of
| these articles of incorporation and fifty
per cent (JO%C) of said subscribed stock
shall be paid In before the corporation
| engages in the business, and the remainder
| shall be paid within twelve months there
after.
| The remainder of said authorized capt.
| tai stock shall be paid for whenever sub
scribed for at such times and in such
| amounts and manner as the board Of di-
! rectors may determine.
| g. The capital stock may be increased
to Five Hundred Thousand Dollars $780,
| 100000.
| ARTICLE V. 1. All the powers of this
| corporation shall be vested in and the
| business and affairs shall be managed
| by board of six 90 directors, who shall
| be elected by the stockholders annually
1T the annual meeting, which shall be
| held on the first Monday of June of each
| year. The first annual meeting shall be
| held on the first Monday Of June, 1873.
! ,. The officers of this corporation shall
| consist of President, a Nice-President,
a Secretary, and a Treasurer, but the
| stockholders or the directors may elect
such other officers as they may deem
| proper and fix and determine the power
and duties thereof.
| g. Immediately after, or as soon as
practicable after their own election, the
| directors shall elect from among their
/ own number the President, the Vice
| President, the Secretary, and the Treas
urer of the corporation.
| 4. The names and postoffce addresses
| of the first board of directors and officers
are as follows:
Tulane Avenue, New Orleans, La. !;
Harry Ehrlich icePresident, Shreye-
port, La; Simon Ehrlich. Treasurer
l4OI Tulane avenue, New Orleans, La;
+. V. Richards. Jr.. Director, l4O1 Tu-
lane avenue, New Orleans, La; Nose
Frank, Director, Shreveport, La. Said
officers and directors shall hold office
until he first annual meeting, or until
their successors are elected and qualified.
.. All vacancies in the Board of Direc-
tsr may be filled by the remaining direc-
tors. Any director may be represented
director or stakeholder by written or tele-
graphic proxy.
6. The failure to hold the annual
meeting and elect directors shall not
affect this corporation nor impair its
management in any respect, but the direc
tors and officers in office shall continue
until their successors are elected.
Z. The Board of Directors may make.
amend or repeal all bylaws, rules or
regulations which they deem proper for
the regulation of the corporation. not in
aan Tfz ,.~sVh 1.
regulations as may be made by the stock
holders.
s. All elections by the stockholders
shall be by ballot, at the office of the
company, in accordance with such regu-
lations as the Board of Directors may
determine, and at every such election
and at all meetings of the stockholders
each share of stock shall be entitled to
one vote, to be cast by the registered
owner or by his agent or representative
by written proxy.
ARTICLE vi. /. This act Of incorpor-
alton may be modified, changed or altered
with the assent of two-thirds of the cap
ital stock outstanding, at meeting Of
the stockholders convened for that pur-
notice has been delivered in person or
given by letter mailed to the last known
address of each stakeholder. The said
notice may be waived by the unanimous
consent of all the stockholders.
2. In case of the dissolution of the
corporation its affairs shall be liauidated
by one or more liQuidators elected by
the majority vote of the stockholders
with such powers. compensation and
duties as the stockholders may determine.
ARTICLE VII. No stakeholder shall
ever be held liable for the faults or con-
tracts OF this corporation in any further
sum than the unpaid balance due to the
corporation on the shares subscribed by
him, nor shall any mere informality in
organization have any effect to render
holder to any liability beyond the unpaid
balance on his stock.
ARTICLE VIII. The subscribers here
to have respectively written opposite
their names the amount Of stock sub
scribed by them in this corporation, so
that this act of incorporation may also
serve as the original subscription list of
the corporation, and they have stated
their postofice addresses. so as to con-
form with Act 267 of 1914.
Thus done and passed at my office in |
the city of New Orleans, state of Louis !
lana, on the day, month and year herein |
hrst above written, in the presence of
H. II. C. Wedemeyer and Eugene NJ. |
Clarke, competent witnesses of the full |
age of majority and residing in this city |
who have hereunto signed their names |
with said appearers and me, Notary, after |
due reading of the whole.
Original signed: Julian H. Saenger. |
lfOl Tulane avenue, New Orleans, La, 400 |
shares; l.. NJ. Ash, 1401 Tulane avenue |
New orleans, La, l share; T.. V. Rich |
ards, Jr., 1401 Tulane avenue, New Or |
leans; La; 1 share; Simon Ehrllch, by
L. M. Ash, Shreveport. La, $50 shares; |
Harry Ehrlich, by l.. II. Ash, Shreveport |
La, go shares; Nose Frank, by l.. NJ |
Ash, Shreveport, La, 1 share.
Witnesses:
II. II. G.. WEDEMEYER,
Z. VI. CLARKE.
CHARLES RosEN,
Notary Public.
New Orleans. La, June a. 1922
1, the undersigned Recorder Of Mort
cages in and for the parish Of Orleans
state of Louisiana. do hereby certify that
the above and foregoing act of incorpor-
alton of the Saenger- Ehrlich Enterprises,
Inc, was this day duly recorded in my
office in book No. 1868. folio
New Orleans, June H. 1922
(Signed) ROBT SCOTT,
Recorder of Mortgages.
hereby certify that the above and
foregoing is true and correct COPY of
the original on file and of record in my
Witness my signature and official seal
az New Orleans, La, this 18th day of
June, 1922.
CHARLES ROSEN,
Notary Public.