The herald. [volume] (New Orleans, La.) 1905-1953, 1914-09-24
CHARTER
OF THE R. RoUGELoT & SONS, INC.


! United States Of America, State Of Louisiana,
City OF New Orleans, Parish OF Orleans.
| BE it known that on this tenth day of the
month of September, IN the year one thousand
nine hundred and fourteen, before me, Robert
| LeEicr, notary public, duly c0mmIs stoned
! and qualified IN and Tor the parish OF Or
| leans. state Of Louisiana, Aforesaid, therein
residing, and III the presence Of the witnesses
/ hereinafter named and uutrTs IgUCt, person
ally came and appeared. the persons whose
names are hCrcunto subscribed, who declared
| hat, ayaliug themselves ~ The provisions
| # the laws OF the state Of LOUISIANA and par
! rJulIrly Act No. -61 Of the General Assem-
bly u the state Of Louisiana for the year 1914,
| they have Coycuautcd and agreed, and dc. by
| these presents, covenant, agree, rlni, form
! and constitute Themselves, as well AS such
other persons IS may hereafter JOIN or be-
! come associated with them into a corpora
| tIon and body polite IN la", iu- the objects
| and purposes and under thu agreements and
| stipulauous, following to.wlt:
Article The name and style o5 this cor
/ roratiDn shall be the K. Rougrlr' Sons,
| Inc. and under that name u shall have and
enjoy all the rights, privileges and advan-
tagCS granted by law tD corporations, % shall
| exist Tor q period OF ninety nine years from
/ the date hereof, II shall have power and au-
| thUgIty 10 contract, sue and be- sued IN ltS
| corporate name, 10 make and use corporate
| seal and the same 10 break or alter At pleas
| urr, to have and employ such managers, dl-
! re,to-s, officers. agents and other employees
| as the interest and convenience OF sand cor
! poratiou may require or demand to hold ie-
cclvc purchase, convey mortgage, hypoiHc-
| cate or pledge property, real, personal or
mixed. % I~suC bonds, notes and other ubiI-
| cations; and % make and establish such by
| laws, rules and regulations for the corporate
| management and control a H. business and
AFFAIR." may be deemed necessary or eNpc-
| dent.
Article 1.-The domicilc Of said corpora
| ton shall be IN the city Of New Orleans,
| state of Louisiana, and all citations and other
legal process shall be served on the presi-
| Of said corporation. In the event Of the alb
) Scncc Of both OF said officers, then said pI0-
cess shall be served on the secretary.
Article IlI.-The objects and purposes for
! which this corporation IS organized and the
| nature Of the business to be carried on by II
/ are hereby declared to be: the buying and
| selling At wholesale and retail for It's own
| account or for the account Of others. all kinds
| OF merchandise, and generally To do and en-
| gage m any other business, undertaking OF
| enterprise connected with. growing out Of.
| germdnc or incidental 10 such 4 general mcr-
| ChandlSc business.
Article Iy.--The capital stock Of this cor
pOratlOu Is hereby fixed at the sum OF sixty
| irvc thousand (Sb5,0COOJ, dollars. (which cap
! ltal stock may be increased from time 10
| time TO a sum not exceeding two hundred
| and fifty thousand CS250GOOO dollars. di-
| vldcd into SIX hundred and fifty uS50l shares
! OF the par value OF one hundred $4,000 dol
| lars. each, which shall be paid for m cash.
! or in InStallmcntS on the cali OF the board of
| directors, or may be issued ~ not less than
! par for services rendered 10 or property actu-
| ally purchased by the corporation.
| All shares of stock shall be full paid and
! worcestershire, and all certificates OF stock
shall be signed by the president and secre-
| farv OF this corporation. No transfer Of stool.
shall he binding upon this corporation unless
| made upon its books and no stakeholder shall
| sell or dispose 81 his stock without first Of
| terlng same to the corporation who shall have
| the night 10 buy same within 10 days from
said office at current or market value
Article N.-Au the corporate powers Of t.s
| corporation shall he vested IN and the man
| aCement and control OF its business and al
fairs shall be exercised by a board of direc-
| tors composed OF three stockholders. a ma
! JOrIty OF whom shall constitute a Quorum for
! the transaction Of all business. The directors
/ shall be elected annually on the first Thurs
| day Of September Of each wear hy ballot OF
the stockholders. Each stakeholder shall be
| entitled, III person or by written proxy, to
| one vote tor every share OF stock owned bv
! him All elections shall be held under such
| rules and regulations as may be determined
| by the board Of directors and after at least
| fifteen days notice shall have been given to
| each stakeholder by depositiug a notice of
| such meeting in the pOStJffice, properly ad.
| dressed to each stakeholder. The directors
| thus elected shall continue in Office for one
year or until their successors shall have been
| duly elected and qualified. No failure to elect
| Sl'dll bt ItSdIutu dS forfeiture OF inns CA1T-
| ter. Any vacancy occurring said board OF
| directors shall be filled by the remaining
| directors for the uneNpiTcd term. Said board
| OF directors shall at its first meeting elect
! from among its number a president, a vice
president, a secretary and treasurer. 1t may
| combine the last two mentioned Offices into
| one and may even elect secretary who
need be neither a StOCkholdcr or dire ctOr.
Said board of directors shall have the right
| and power to appoint and dismiss such clerks
managers and other employees OF the corpora
| ton, including the secretary who Is not a
| stakeholder or director as conditions may JUS
| tIty or the business OF the corporation may
| require. The tenure OF office of all the en-
ployees of the corporation shall be during the
| pleasure Of the board of directors.
Article Vino stakeholder shall ever be
! held liable responsible for the contracts,
faults debts of this corporation, nor shall
/ any mere informality in its organization have
| the effect of rendering this charter null OF
| exposing a stakeholder to any liability be-
yond the unpaid balance due on the shares
| Of stock owned by him.
| Article Nl1.-1his act OF incorporation may
be changed, modified or altered, or this cor
poration may be dissolved under such terms
and conditions may be provided in said
| Act No. 267 CT 1914.
| In case of the dissolution of this corpora
| ton its business and affairs shall be lqui-
| dated by three commissioners to he elected
| by the stockholders at the meeting which
| decides to liquidate.
Article IX-Until the election to be held
in September, 1918, the following named stock
holders shall constitute the first board of
| directors, viz: Robert Rougelot, 200 Esplan-
| ade avenue. New Orleans, La, Robert f.
| Rougelot, 2S29 Grand Route St. John. New
| Orleans, La, and Sidney b. Rougelot, 2465
| Royal street, New Orleans, La.
| Thus done and passed at my Office in the
| city of New Orleans, on the day, month and
| year herein first above written. in the pres
ence OF Theodore 4. Beck and Louis Cormier,
| both of this city, competent witnesses, who
have hereunto signed their names with the
| said appearers and me, notary, after due read
| ing OF the whole.
Original signed: r. Rougeot, $50 shares
r. F. Rougelot 40 shares; Sidney Il. Rouge
| lot, 50 shares; Louis V. Wagner, shares
| Joseph Lips, shares. T. A. Beck, Louis Cor
mier.
ROBERT LEGIER, Not. Pub.
1, 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 the X.
| Rougelot & Sons, Inc, this day duly re-
corded in my Office, in book ll27, folio -.
New Orleans, La, September IL, 1914
(Signed) EMILE J. LEONARD, ID. r.
true copy from the original act.