The herald., 1914-08-13
CHARTER
OF R~OSS.EUSTIS COMPANY.

BE it known, that on this oath day of July,
in the year of our Lord nineteen hundred and |
fourteen, before me, Frederick {. Marx, a
Notary Public, duly commissioned and quail
lied, IN and for the Parish of Orleans, State
OF louisiana, personally came and appeared
! the parties whose names are undersigned, who
declare that, awaiting themselves of the pro.
visions OF the laws of this State relative to
the organization of corporations, they have
covenanted and agreed, and do by these pres.
ents agree and bind themselves, their sue
cesSors and assigns, and form themselves
INTO and constitute a corporation for the fol-
lowing objects and purposes, to-wit:
ARTICLE The name, title and style of
this corporation shall be Ross Eustis Com
pany, and under said corporate name it shall
nave, all the powers and authority granted
by the laws Of this State TO corporations and
not expressly withheld therefrom.
ARTICLE 1.-THE objects and purposes of
this corporation are declared to be to carry
on a general insurance business as agent,
broker, or general agent, for insurance com.
panies dong a fire, life, accident and health,
marine, liability or other forms of insurance,
authorized to be carried on by the State of
Louisiana. This corporation shall have the
power to do a general business under the diff
ferent forms outlined above in other States
of the United States, or in its foreign nos.
sessions; It shall have the power TO purchase
real personal or mixed property of all kinds,
and the same to hold at its convenience.
ARTICLE III.-The domicile of this cor
poratlon shall be in the City of New Orleans,
State Of Louisiana, and it shall have and en-.
JOY corporate existence for a term of fifty
ARTIVLE V.-The stock of this corporation
IS hereby fixed at the sum of TWENTY-FIVE
thousand dollars (S25,OOO.OO, divided as fol.
lows: There shall be one hundred and fifty
OSO) shares Of common stock Of the par value
OF one hundred dollars (SlOO.OO) per share.
e~qualIing fifteen thousand dollars tSl5,OOO.OO):
there shall be one hundred UDO shares of
preferred stock. of the par value of one hun.
dred dollars $500 per share, egualling the
sum OF ten thousand dollars GlO.GOOM. max
ing the inll capital stock Of twenty-five thou
sand dollars (S25,OOO.0O). 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 8 per cent
per annum, and which said interest or divi.
dend shall be non-cumulative. All voting
powers IN tins. corporation shall be vested in
and enjoyed by the Common stool oune-s
The owners OF preferred stock will have no
voice IN the election of directors or Officers.
IN the event of a dissolution or liquidation of
thT corporation the said preferred share.
holders shall be entitled TO a preference and
priority IN the distribution OF the assets Of
the corporation over the common stock hold.
ers. No dividend shall be paid on the com.
mon stock until there has been earned and
set aside a sufficient sum 70 nav the divi-
dend t s per cent on the preferred stock. Said
stock shall be paid for in cash or by property
OF value, or for services rendered. and this
corporation shall become a going concern as
soon as three thousand dollars $4,000 of
the common stock shay have been Subscribed
Tor. ms corporation snail have the power
to contract, sue and be sued in its corporate
name, to hold. receive, lease, purchase, sell.
affect and hypothecate property. real and per-
sonal, and to do any and all things germane,
incidental and necessary to carry out the OBJ
Jects and purposes of this corporation.
ARTICLE N.-The corporate powers shall
be exercised by a Board of Directors, to be
composed of not less than three stockholders.
the officers thereof being a President, Vice
President, Secretary and Treasurer, and one
or more of the offices may be held by one
member thereof. The Directors and officers
shall be elected Immediately after the sign
ing hereof and annually thereafter on the
first Wednesday of February, when the an
nual stockholders meeting shall be held.
ARTICE Win case Of the absence, in
ability or non-perfomance of duty, the ma.
jority of the Board of Directors are empow.
cred TO appoint a successor to any officer or
member of the Board to fill short term or
the unexpired term of such officer unable or
not performing his duty.
ARTICLE VII.-No 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