The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-06
CIIARTER
OF ROSS EUSTIS COMPANY

BE 1t known. tina, on this Path day Of I,Iy
IN the year OF our Lord nineteen hundred ani
fourteen, before me, Frederick C. Marx
Notary Public. duly commissioned and ,r,,a
lied, in and for the Parish OF Orleans 81.
Of Louisiana, personally came and sopeaTcS
the parties whose names are urder,igrrj ~
declare that, avdilIrg themselves OF the ~
VISIONS OF the laws Of this State relative -
the organization OF corporations thew b,r
c"'enantcd and agreed, and do by these pres.
entN agree and bind themselves their So.
CeSsOrS and assigns, and form th,,-ssI,S.
INTO and constitute corporation for the fo
| loving OBJECTS and purposes, to-wIt:
tins corporation shall be Ross EustIs Com NJ
pany, and under said corporate name il Sbau
nave all the powers and authority granted
by the laws OF this State TO corporations and
not expressly withheld therefrom 1'u
ARTICLE 1.-THE objects and purposas Il
inns corporation ave declared to be 70 carr
on general insurance business as ayen;;
broker, or general agent, for insurance 49, 49,
panleS doing fire, life, accident and beal,b
marine, liability or other forms OF insurance
authorized to be carried on by the State oi
LoulSiana' Ih's corporation shall have the
power 10 DO a general business under the AZ
| iercnt forms outlined above in Other S,a.a,
OF the United States, or in its foreign no.
sessions; II shall have the power 20 purcbss.
.EaI' beTsonal or mixed property Of all kinds,
ARTICLE III.-The domicilc of this co-
pOratIon shall be III the City Of New OrIesUs
state OF Louisiana, and 1t shall have and en-
years. " my
ARTIVLE V.--The stock of this oorno-,,ion
| IS hereby fixed at the sum of wenty.f;vs
! thousand dollars (S25OOOOO). divideJ ~ I've Tvs
lows: There shall be one hrrndred and si ioi-
| $50 shares OF common stock of the mar vsiss
! OF one hundred dollars (SlOOOO( neT sbasn
equaiIIng i1ttecn thousand dollars tSl5GOG0I,
| there shall be one hundred 0OO sb,,o.I.
preferred stock, of the par value Of one b,,O Vi
dTed dollars (SlOO) per share eoualling H.
sum OF ten thousand dollars CslO6MOOI, max.
ing 'he InII capital stock Of twenty-five thou
sand dollars (S25.0OO.0O). The holders of ~
preferred shares shall be entitled IN rec.;H.
| IN respect OF said preferred shares and ,,L.I,
declared by the Board of Directors, yearly
| interest or dividends at the rate of & ner 60,
per annum. and which said Interest ~ H.;
dend snail be non-cumulative All vot;ng
powers IN this corporation shall be vested e
I TL enjoyed by the common stock owners
/ Inc owners OF preferred stock will have no
voice IN the election of directors or officers
In the event of 4 dissolution or liouidat;o, =;
me corporation, the said preferred share.
holders shall be entitled to a preference -
priority IN the distribution of the aSse,s -
inc corporation over the common stock hold
ers. No dividend shall be paid on the com.
mon Stock until there has been earned and
| SCI aside sufficient sum to paw the div;
dehd per cent on the preferred Stock S,;1
| STOCK snail be paid for in cash or by pronerrv
% value, or ioT services rendered, and this
| corporation shall become a going concern ,s
soon as three thousand dollars (S5nrG 0o1 81
me common stock shall have been subSrTibsd
LOT ms corporation sail have the power
10, 10 contract sue and be sued in its corporate
name 10 hold. receive, lease, purchase sell
| affect and hypothecate property. real ana ne-
sonai, and TO do any and all things gern,5ne
| Incidental and necessary to carry out the oh,
JeetS ana purposes of this corporation
| ARTICLE N.-The corporafe noS,'..s It'll
oe eAerG'seq by a Board of Directors, to be
composed of not less than three stockboiderS
| Dr. pra.! oiilCerS thereot being President Vice
| rresluent, Secretary and Treasurer and one
OF more OF the offices may be held bv on
member thereof. The Directors and o}f;csrs
S ;I5, De elected Immediately after the sign.
| ing hereof and annually thereafter ON H..
| iirSt "Wednesday of February vber ~. a a,re
| HusI ,SIIockh0lders meeting shall be held
| t1NioE Win case of the absence, in.
! ;ar;.S OF nonrpertormance of duty, the ma.
Joliiy OF the Board of Directors are emnow.
efed TO appoint successor to anv officer or
member OF the Board to fill a short term or
Ihe nnexpired term of such officer unable or
hot Performing his duty "
| ARTICLE VII-No stocLboId.r sL., .-
| oe held liable or responsible for the contracts
or any liabilities of this corporation in arv
sun, than the unpaid balance due the
| corporation en- the shares of STOCK SubSc,;be1
| ior .oy MIN, nor shall any informalitv in or.
! eanlzatlon have the effect of rendering IN.
.ndiler null, or of exposing any stockholder
! stock 'e amount que on MS
,ARliCLE ,VIII.-This charter NAV he
changed, modified or altered. or said cor
| p39' aliorl may be dissolved, with the asseu,
- '''''N' VI AIt amount OF SfOck
present or represented at anv generaI mel.
ing OF said corporation convened for such
Parp o after ten days previous notice shall
this cber,ss All Al, III me manner provided in
laws OF this state 0'ui"s 10 'ne
ARTICLE IX.-Whenever the corporation :.
dissolved, either by Limitation or -, 'o,b.,
.Huse, IT'S affairs shall be liquidated urJe,
the superintendent of two comnon SOL
r,n;nI;, 10 be chosen for that purpose BY a
bniJars amount OF the common stock
noiuers present or represented at a genera
meetiilg OF the stockholders at which the eIec
| - heid' SAID commissioners shall re,
nnrntia III GiliGe until the affairs of said cor
| PIa'ioii suaIl nave been fully liqudated Ir
case OF the death, resignation or inahiIit,
rom any cause of one of the said commits
slohers to act, the survivor shall continue +,
tbc III anu snal, appoint another stakeholder II
II P'ISe ana stead OF the commissioner VIII,
snail have ceased TO act WIN
AkIlSLE IA special meeting of III,
cai iiNdIo 10 OF this corporation shall b,
PRESIDENT, and must be called upon the w,;t
rn fGingst OF two stockholders
II, HikilSiLE Mt is especially agreed tina
sioctboi5o-ss subscribed for and accepted b,
this charter ie p'o'iSiohs o
Thus done and passed in my office. in III
ve,yr ~ New orleans, on the day, month an,
hoover and John Smith, competent witnrsses
residing IN this Parish who have signed tbei
Nn.Hes win the said parties and with me
Notary, after reading of the whole. ''''
Smith. ~ hoo'er' JONI
(Signed) FRED r u.pv
State os Io,,;.; Notary Public
Parish of Orleans
l. the undersigned Recorder of Norto,gs,
IN and tor the Parish of Orleans. Sts,e
LOUISIANA Lou lana, do hereby certify that the aboy
F Emu iiOrSegolng act Of Incorporation of Ross
Eusus company was this day duly recorde
IN my office, in Book ll27, Folio -.
New Orleans, July 24th 1914
| 'oisheO EMILE J. LEONARD.
| 4 49,. - Deputy Recorder
=, (Signed FRED r I6SyyaD
Notary Public
Jy 20 Au Is % n Sc }. 1914,
, | II-ItIL