The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01
CT AR
Of ROSEMARY PARK IMPROVEMENT
ASSOCIATION
I.NITEp STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS. CITY OF NEW ORLEANS.

BE il known. that on this eighth day Of
december in the year one thousand nine
hundred and thirteen, and OF the independ-
cncc of the United States OF America the
one hundred and thirty-eiEhth, before me.
Herman Michel. a notary public, duly com
mi>Sioued and qualified in and for the par
iSh Of Orleans. state OF Louisiana, therein
residing, and in the presence Of the witness
Is hereinafter named and undersigned, per
Sonally came and appeared, the several per
sons whose names are hereuntO Subscribed,
who ScvcraIly declared. that ayailing them
selves OF the privileges Of the statutes ana
laws OF the state Of Louisiana, relative 10
the formation Of corporations. they have
covenIntcd and agreed. and do by these
presents covenant and agree and bind and
ubligate themselves, aS we'll as all such per-
sons a. may hereafter become associated
with them 10 form and constitute body
corporate and polite In law. for the objects
and purposes. and under the StipulationS and
provisions following, to-wit: o.
ARTICLE The name and title Of this
corporation shall be the ROSEMARY PARK
IMPROVEMENT COMPANY, and under that
privileges and advantages granted by law TO
corporations. and shall have the power and
authority to enjoy succession ana corporate
existence for and during the period of nine
" nine ,99l years from the date hereof, un-
less sooner dissolved In the manner herein
after provided for.
Said corporation shall have power and an-
thorIty 10 contract; 70 sue and to he sued !;
10 make and use a corporate seal, and the
same L. break, alter or amend at pleasure (:
10 hold. receive. purchase convey, deliver,
mortgage, hypothccate and pledge any pro
perty real or personal, and to issue notes
and other Obliga tons. negotiable instruments
or other evidences of debt; TO have and en-
ploy such managers, agents and other EN-.
plOyCeS as the interest and convenience OF
said corporation may require or demand,
and to make and establish such bylaws,
rules and regulations for the corporate man
agcmCnt and control of It's affairs as may
I h. IRamp1 and pXnn11pnf
ARTICLE 1.-THE dOmicile OF this cor
pOration shall be in the city of New Or
leans. parish Of orleans, state Of Louisiana.
and ali citations and Othr legal process shall
he served upon the president. and in his alb
sence upon the vice-president, and in the
absence of both, upon the secretary-treasurer.
ARTICLE III.-The objects and purposes
for which this corporation Is created, are
hereby declared TO be, to BUY, sell, morisage,
exchange. or otherwise ALLEVIATE, acquire or
deal in real estate. improved or unlmprOYeu.
| in the state Of Louisiana or elsewhere, either
/ for itself or for the account OF others, either
as principal or as agent, on commission or
otherwise. and also TO improve property, real
and personal: TO take mortgage and assign
mcntS of mortgages upon the same, ana 10
do any and all other acts or things whatsO-
ever necessary or incidental to. or connected
with. the transaction of the business of said
corporation.
| ARTICLE IV.-The capital stock Of this
corporation is hereby fixed at the sum OF
| fifty thousand $50. 100000 dollars, divided
into, and represented by. five hundred l5Ool
| shares of the par value of one hundred
| (S1O0.O0) dollars each said shares of stock
shall he issued at par only, and when issued
! shall be paid for In cash or property. or IN
the equivalent thereof All shares of stock
shall be issued as full paid and mona ssessa-
BILE. and no transfer of said stock shall he
binding on said corporation unless recorded
/ on its books.
No stakeholder OF said corporation shall
sell his stock to any person. until he has
offered il to the then stockholders of the cor
pOratiOn at its book value, and any transfer
Of stock made in violation of this provision
shall not be recognized by the corporation.
This corporation shall be a going concern
as soon as three thousand (S3OOOOO dollars
Of its capital stock has been subscribed as
hereinabove provided.
ARTICLE V.-AlI the powers Of this cor
poration shall be vested in, and the manage
ment and control of Its affairs shall be exer
cised by, a board of directors, to be com
posed OF not less than five (5D nor more thar
eleven stockholders, a majority OF the mum
Der elected constituting a quorum Tor tn
transaction of the business OF the corpora
ton The first board of directors shall b
composed Of +. G. Bautovich, Dave PokOrny
| EldOn s. Lazarus. Walter Parker, Frank Net
to- Archibald A. Marx, NJ L. Bouslog Al. A
ROsenbuch, G. III. Willard and Meyer Else
man The officers of the first board of dl
rcctors shall be: +. c. Bautovich, president
Dave PokOrny, vice-president, and EldOn 5
Lazarus. secretary treasurer. and the sal
board OF directors and said officers shal
serve and remain in Office until the secOn
Monday in December. 1914. on which day
and annually thereafter, the board OF dlre(
= tors shall be elected by the stakeholder
at a meeting called for that purpose. A
directors and officers shall hold Office unit
= their successors are elected and qualified
and any failure to elect directors shall nc