The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-08
CHARTER -,.-.,,-->-.r
OF ROSEMARY PARK IMPRo' EN'--

-e~;!in-. and il the presence o. l4e -.
---,Tr = ma aud appeared. the several Pc,
sons whose names are lereLlly -: -. -
vv55 saya-a!lv declared, -lat aFa..-= -
selves Of tie pr:s-es5"ii oIf.iSss. relative 10
the formation o. coTpoTaLi91si -! -.
r0vaZan-ad and agreed. and 20 y -
presents covenant and a-TTe. aLI $50 49, 80
go a. NAV hereafter become assoc;alyI
0f-E them 70 form and coas,tl.r H'.s
So-oo-a,e and POLITE in law, Tor tae g!Is,,i
arf purposes. and under the s'!2l.Al'o-s 1-1
--ovtSlons following, tQ-".-- .Lf.
2 APTI'LE The name and we o. l-iis
,,-1t,-,-;E7 sLau - -ha ROSEMARY FAhh
IMPROVEMENT coNtANl / anl ~. 5--T -E-s
name shall have and en'oT al '-e ;.--.>,
--fvt eyes ami advantages S-aLtei y ." -
s,.----,---s,Ts and shall have the power ana
authority 20 enjoy >lnte>>.'- a. -s-s
lyf.-z-rS p and during the pe-lni o. --Lr
LYNNE 1927 years rom X - -..--- L-sj-
- sooner dissolved in ne manner -t1s--'
after provided =. ~.
q. .-i-, - contract. - sue AMI 20 De s--I
- n Ike and Use q corporate sal, aAt l--
,l.aa - break alter Or amend al p-T,a .,.,i-
~ 90 - hy1-5-hscate ard pledge any pro
&C., --4I " personal. and 20 issue -plts
and other obi cations, negotiable !AstC =
- ,-L.-- a-fF--r-, OF debt 20 have and en-
-,t.r Svrh managers. gents and "ta-E en-
-'.r-aS - the Interest AMI convenience -
said corporation may require OF lrI41I'
AMI - make and establish slcl oy-.a"s'
rules and regulations for the corporate La--
,-.-,z-- and -ou-ro! os is affairs a may
l.. deemed necessary and eXoed!ent
ARTICLE 1.-THE dou!ci!e q tlls GOT
r,-s-foa shall - in the city o. New "
leans. parish o. orleans, state Of LOUISIANA;
and ali citations and oth- legal process sA4lI
- S--yei upon the president. ana u rs a.
>--ca upon the vice Te>!leA,. anu - -
= -,S--r. 81 10Th upon the secretary - ea>lreE
ARTICLE III.-Tae objects and purposes
tor which this corporation Is created, are
hereby declared % -, 20 buy. sell, NOR
exchange or otherwise ALLEVIATE, acquire %
5alI IN pa! estate. improved or ulimpToTsd,
in the state OF Louisiana or elsewhere, either
so- Itself OF .OE the account OF Others, either
a p-ucpa! o. as agent on co-h.alss.oI 20, ST
OF otherwise. g nd also 70 improve property, Te44
and personal. % -ake mortgage ana assign
mvu-s y mortgages upon the same, ana %
30 any and all other acts o. things WaaIsYI
ever necessary OF incidental %, OF connected
with. the transaction Of the business o. sa1d
ARTICLE Iv.-The capital stock OF this
CORPORATION i hereby fixed az the sum OF
afty thousand $3.50. 10000 dollars. divided
Into. and represented by. i've hundred t1OVl
shares OF the par value Of one hundred
$4,000 dollars each: said shares OF Stock
shall - issued par only. and Wlen issued,
shall D. paid for In cash OF property: or ~
The equivalent thereof. AL shares OF stock
shall Be- issued a. full paid and mona sssss "a
binding on said corporation unless recorded
No stockholder Of said corporation shall
sci! his stock 10 any person; Unit! le mas
offered Il 10 the then stockholders OF the cor
poratiCl at its book value, and any transfer
Of stock made in violation OF this provision,
shall not be recognized oy the corporation.
This corporation shall De q going concern
as soon as three thousand 100000 dollars
OF its capital stock has been subscribed as
hereinsb0 provided.
porarion shall BE- vested In. and the manage
ment and control OF its affairs shall b eXer-
cised By. a board OF directors, 10 BE- COM
posed OF not less than five 90 nor more than
eleven stockholders, a majority OF the num-
Der elected constituting a quorum for the
transaction OF the business OF the corpora
ton. The first board OF directors shall be
composed Of F. {. Bautovich. Dave Pokorny,
EldOn :. Lazarus. Walter Parker, Frank Net
70. Archibald A. Marx. NJ z. BouSlog. Al A
Rosenbuch, c. II. Willard and Meyer Else
man The officers Of the first board OF di-
rectors shall be +. G. Bautovich, president;
Dave PokoCuy. yice-president, and Eldon $.
Lazarus, secretary-treasurer. and the said
board Of directors and said officers shall
serve snd remain in Office until the second
Monday in December. 1914. on which day.
and annually thereafter, the board Of direc-
at a meeting called FOR that purpose. All
directors and officers shall hold Office until
their successors are elected and qualified
be regarded as a forfeiture OF this charter
In the election Of directors, each stock
holder shall b entitled TO one vote for each
share OF stock owned BIZ him. and may be
cast either in person or BY duly authorized
proxy: and 4 majority OF the votes cast
shall elect. Any vacancy occurring in the
eoard OF directors may be filled by the re-
At the first meeting Of the directors, after
their election and qualification. they shall
elect from among their own number presi-
dent. vice president and a secretary-treas-
ARTICLE YI-AII meetings OF the stock
holders shall be called by written notice
mailed 10 the last known address OF each
stockholder. not less than thirty days be-
fore the date fixed for such meeting unless
said notice has been waived in writing by
the stockholders.
may Be amended. modified. changed or al
tered, or this corporation may De dissolved
with the consent OF the stockholders holding
and owning three-fOurths Of the capital
sented at a general meeting OF the stock
holders convened for that purpose, OF which
due notice has been given.
Whenever this corporation shall be dis
solved. either by Limitation or from any
other cause. its affairs shall be liduidated bT
three CD commissioners 10 be appointed for
AZ 4 meeting 81 the stockholders convened
I for that purpose: said commissioners shall
remain in office until the affairs Of said cor
poration shall be fully and finally liquifa ted
Any vacancy occurring among the liquidatOrs
/ from any cause whatsoever, shall Be filed
! by the remaining commissioners
! AK i II LIZ Nlll-NO StOckhOid1r shall
ever Be liable or responsible for the contracts
| or faults OF this corporation in any further
sum than the unpaid balance due BY him on
the shares Of stock subscribed 10, or owned
| by. him nor shall any mere informalitv in
! the organization of this corporation have
the effect Of rendering the charter null or OF
IeXPosing any stakeholder 10 any further liza
oility than the unpaid amount which NAV
/ be due on his stock subscription.
The list OF stockholders hereunto annexed
snail serve as the original subscription list
/ OF this corporation
Thus done and passed In nv notarial OF.
fee in the city OF New Orleans. in the pres
ence OF John l. COrcOran and Otto T. HaSeu.
kampf, competent witnesses OF lawful age
and residents Of this citv and parish, who
have hereuntO subscribed their names to-
gether with the said appearers and me. no
tary. after due reading OF the whole.
| Original siZnedl Original siyners. Jno
| l. Corcoran, Otto T Hasenka rqpf
II. MICHEL Not Pub
| /. the undersigned recorder OF mortgages
/ in and for the parish OF Orleans state OF
| Louisiana, DO hereby certify that the fore
going act OF Incorporation OF the Rosemary
/ Park Improvement Company was this dav
duly recorded in my Office, in book I1l9
/ folio -.
New Orleans, La. Decer.ber sth. 1913.
tSignedl EMILE ]. LBoNARD, D. 2.
State OF Louisiana,
Parish OF Orleans.
| !. the undersigned notary do hereby Ger.
/ tify the above 70 be a true and correct copy
/ OF the act OF Incorporation OF the ROSemary
/ Park Improvement Company. passed before
me on the sth day Of December 1913. TO
gether with the certificate OF the recorder
OF nortgages FOR the parish Of Orleans there
/ unto attached.
4 n faith