The herald., 1913-12-25
CHARTER
OF ROSEMARY Park IMPROVEMENT
ASSOCIATION.
UNITED STATES OF AMERICA, STATE
or LOUISIANA, l'AlilSli or Or
LEANS, CITY OF NEW ORLEANS.


Be it known. that on this eighth day Of
December. in the year one thousand nine
hundred and thirteen. and of the independ-
rncp of the United States Of America the
one hundred and thirty-et-hth, before me,
Herman Michel. a notary public, duly com
msSioned and qualified in and Tor tnG par,
fSh Of Orleans, state Of Louisiana, therein
residing, and in the presence Of the witness
Is hereinafter named and undersigned, per
Sonally came and appeared. the several per
sons whose names are hereuntO subscribed,
who SevcraIly declared, that availing them
selves OF the privileges Of the statutes ana
laws of the state Of Louisiana, relative 10
the formation Of corporations. they nave
covenantcd and agreed. and do by these
presents covenant and agree, and bind and
Obigate themselves, As well as all Such per
sons as may hereafter become assoclatsd
with them to form and constitute body
corporate and polite in law, for the ohJectS
and purposes. and under the Stipuations and
provisions following, to-wit:
ARTICLE THE name and title Of this
corporation shall be the ROSEMARY PARK
! IMPROVEMENT COMPANY, and under that
name shall have and cniOv all the rights.
privileges and advantages granted by law 10
| corporations, and shall have the power ana
authority to enjoy succession and corporate
existence for and during the period OF nine
! ty-nine (99) years from the date hereof, I'M
less sooner dissolved in the manner herein
after provided FOR.
Said corporation shall have power and au-
thority to contract; to sue and TO be sued
! 10 make and use corporate seal, ana the
| same 10 break, alter or amend at pleasure
| to hold, receive. purchase, convey, deliver,
mortgage, hypothecate and pledge any pro-
/ perty real or personal, and to issue notes
and other obligations. negotiable instruments
| or other evidences of debt: to have and en-
ploy such managers. agents and other en-
plOyeeS as the interest and convenience OF
| said corporation may require or demand
and to make and establish such bylaws
| rules and regulations for the corporate man
agemcnt and control of its affairs as may
be deemed necessary and expedient.
i ARTICLE 1.-THE domicile Of this cor
poration shall be in the city of New or
i leans. parish of Orleans, state of Louisiana
and ali citations and Othr legal process shall
be served upon the president, and in his alb
sence upon the yice-president, ana IN tht
} absence of both, upon the secretary-treasurer
i ARTICLE III.-The objects and purpose:
I for which this corporation is created, are
hereby declared to be, to buy, sell, mortgage
exchange, or otherwise ALLEVIATE, acquire Of
deal in real estate, improved or unlmproved
in the state of Louisiana or elsewhere, elthel
for itself or for the account or others, either
Il as principal or as agent, on commission oil
Il otherwise, and also to improve property, rea
and personal: TO take mortgage and assign
ments of mortgages upon the same, and tc
do any and all other acts or things whatso
i ever necessary or incidental to, or connected
I with the transaction of the business or salC
corporation.
!, ARTICLE Iv.-The capital stock Of thi:
fftv thousand $3.50, 100000 dollars, divided
| into. and represented by. five hundred CoOOl
shares, of the par value OF one hundred
/ (SlOO.OO) dollars each; said shares OF stoci
shall be issued a. par only, and when issued
shall be paid for In cash or property, or II
the equivalent thereof. All shares of stocl
shall be issued as full paid and nOn-assessa
BILE, and no transfer of said stock shall bt
J binding on said corporation unless recorded
on its books.
No stakeholder of said corporation shall
: sell his stock TO any person, until he ha:
offered il TO the then stockholders OF the cor
poratiOn at its book value, and any TRANSFER
of stock made in violation of this provision
shall not be recognized by the corporation.
This corporation shall be going conceFI
as soon as three thousand (S3,OO0.OO dollars
Of its capital stock has been subscribed a.
, hereinabove provided.
ARTICLE V.-All the powers Of this cor
I marathon shall be vested in, and the manage
ment and control of its affairs shall be exer
cised by, board Of directors, to be com
5 posed of not less than five (5l nor more thal
eleven stockholders, majority or the NUN
I Der elected constituting quorum for IN
. transa ction of the business of the corpora
: ton The first board Of directors shall b
: composed of +. c. Bautovich, Dave POkOrny
EldOn s Lazarus, Walter Parker, Frank Nel
$ to, Archibald A. Marx, NJ. 7. Bouslog, Al
Q Roscnbuch G.. ii. Willard and Meyer Els,
e man The officers of the first board OF d
rcctors shall be F. c. Bautovich, president
: Dave Pokorny, vice-president, and Eldon
e Lazarus, secretary-treasurer, and the sal
o board Of directors and said officers sha
h serve and remain in office until the secon
J. Monday in December. 1914, on which ia,
e and annually thereafter, the board OF dire
h tors shall be elected by the stockholdel
d at a meeting called for that purpose. A
V directors and officers shall hold office unit
I their successors are elected and qualifie
e and any failure to elect directors shall N