The herald., 1914-08-27

ferent forms outlined above in other States
Of the United States, in its foreign pos
sessions; II shall have the power to purchase
| real, personal or mixed property of all kinds,
| and the same to hold at its convenience.
| ARTICLE llI.-lhe dOmicile Of this cor
| pOratiou shall be i'll the City of New Orleans,
State OF Louisiana, and 1t shall have and
! JOY corporate existence Tor term Of fifty
ARTIVLE V-The stock Of this corporation
| is hereby fixed at the sum Of twenty-five
! thousand dollars lS25pDo), divided fol-
| lows. There shall be one hundred and fifty
! llSJl shares OF common stock of the par value
OF one hundred dollars $4,000 per share,
equallIug fifteen thousand dollars lSl5,eOJO};
! there shall be one hundred lUO shares OF
preferred stock, OF the par value OF one hun
drei dollars tSiuU) per share, cquallug the
sum If ten thousand dollars tSlOUyIO), max
ing the full capital stock Of twenty-five thou
sand dollars tS15.DDUuUJ. The holders OF the
preferred shares shall be entitled to receive,
IN respect Of said preferred shares, and when
declared by The Board Of Directors, yearly
interest or dividends at the rate OF $ per cen,
per anuum. and which SAID interest or dIvi-
dcud shall be uOn-cumulatIyc. All voting
powers III fEIS corporation shall be vested IL
and c'J'ycd by the common stock owners.
HE owners OF preferred stock Will have no
voice IN the election Of directors or officers.
Ira the event of dissolution or liquidation Of
'hr Cooperation, the said preferred share
holders shall be entitled 10 a preference and
priority In The distribution OF the assets of
the corporation over the common stock hold
r.S. No divIie-d shall be paid on the com.
-pu stock until there has been earned and
set aside sufficient sum to pay the dvi-
Icu3 per cent on the preferred stock. SAID
stock shall he paid for IN cash or by property
II value, or for services rendered, and tins
corporation shall become a going concern As
soon as three thou~a1G dollars (SSWOpD Of
the common stock shay have been subscribed
,.r. This corporation sail have the power
10 contract, sue and be sued in its corporate
name. To hold, receive, lease purchase, sell.
affect and hyruthcCltC property, real and per
-oral, and % DO any and all things gcrmanc
incidental and necessary 20 carry out the OBJ
Jcgi> ard purposes OF this corporation.
ARTICLE N.-The corporate powers shall
be exercised by a Board OF Directors to I've
composed Of Not less than three Stockholders
the officers thereof being President Vice
ur more Of the offices may be held by one
member thereof The Directors and officers
shall be elected immediately after the sign
lnG hereof and annually thereafter on the
first Wednesday OF February, when the an
uual Stockholders meeting shall be held
.ARIlCE Win case Of the absence in
ahl1ty or nJn-pcrtOrUanCc OF duty. the ma
lorlty OF the Board OF Directors are empow.
cred to appoint successor to any officer or
member OF the Board to fill a short term or
the uneNplred term Of such officer unable or
not performing his duty.
ARTICLE vino stakeholder shall ever
be held liable or responsible for the contracts
further sum than the unpaid balance due the
corporation on the shares OF stock subscribed
for by him, shall any iuformality in or
ganizatlOn have the effect OF rendering the
charter null, or Of exposing any stakeholder
to any liability beyond the amount due on his
stock.
ARTICLE VIII.-This charter may be
changed, modified altered or said cor
poratIon may be dissolved, with the assent
OF two-thirds OF the amount Of common stock
present or represented at any general meet
ing OF said corporation convened for such
purpose, after ten days previous notice shall
have been given, in the manner provided in
chs oh 81 atrv
capital stock shall be made according to the
laws Of this state.
or any liabilities Of this corporation in any
ARTICLE lN.-Nhcnever the corporation Is
dissolved, either by Limitation or from other
cause, its affairs shall be liquidated under
the superintendent OF two common stock
holders to be chosen for that purpose by a
majority IN amount Of the common stock.
holders present or represented at a general |
meeting OF the stockholders at which the cleo
ton Is held. Said commissioners shall re-
main IN office until the affairs Of said cor
poratlon shall have been fully lquidated. In
case of the death, resignation or inability
from any cause OF one OF the said commits |
Sloners to act, the survivor shall continue TO
act, and shall appoint another stakeholder in |
the place and stead of the commits sOner who !
shall have ceased to act
ARTICLE IA special meeting of the
stockholders Of this corporation shall be
called, at any, time, in the. discretion OF the |
President, and must be called upon the writ |
ten request Of two stockholders.
IN II Ii Alt - e pCNldlly agreed lIldt
all stock subscribed for and accepted by ]
stockholders is subject 10 the provisions Of
this charter
Thus done and passed in my office, in the |
City of New Orleans, on the day, month and |
year aforesaid, in the presence Of Louis X. |
Hoover and John Smith, competent witnesses, |
residing in this Parish, who have signed their |
names with the said parties and with me. |
Notary, after reading of the whole.
Witnesses (signedD: L. r. Hoover, John |
Smith.
(Sigued) FRED c. MARX
Notary Public. |
State of Louisiana,
Parish of Orleans
J, the undersigned Recorder of Mortgages. |
in and for the Parish of Orleans, State of |
Louisiana, do hereby certify that the above |
and foregoing act of incorporation of Ross |
Eustis Company was this day duly recorded |
in my office, in Book ll27, Folio -.
New Orleans, July Path, 1914.
(Signed) EMILE ]. LEONARD,
Deputy Recorder.
A true copy:
(SeaD
(Signed) FRED c. MARX,
Notary Public.
Jy 30 Au 10 20 u Sc ), 1914