The herald., 1914-09-03
Lies Measure.
The true measure OF life Is not
length but honesty John LILY
CHARTER
OF ROSS-EUSTIS COMPANY.

Be it known, that on this 2+h day Of July.
in the year of our Lord nineteen hundred and
fourteen, before me. Frederick {. Marx, a
Notary Public, duly commissioned and quail
fed, in and tor the Parish OF Orleans, State
If Louisiana personally came and appeared
The parties whose names are undersigned, who
declare that, availirg themselves Of the pro-
visions Of the laws OF this State relative TO
the organization of corporations, they have
coyenauted and agreed and do by these pres.
ents agree and bind themselves, their sue
ceSsors and assigns, and form themselves
into and constitute 4 corporation for the fol
lowing objects and purposes, to-wit:
ARTICLE THE name, title and style OF
this corporation shall be Ross Eustis Corn
psny, and under said corporate name It shall
have all the powers and authority granted
by the laws Of this State to corporations and
not expressly withheld thcrefrom.
ARTICLE 1.-THE objects and purposes OF
this corporation are declared to be 10 carry
on general insurance business as agent,
broker, or general agent, for insurance com
pauleS dong fire, lite, accident and health,
marine, liability or other forms OF insurance,
authorized to he carried on BY the State OF
Louisiana This corporation shall have the
power to do a general business under the DIFF
fcTcnt forms outlined above in other States
Of the United States, OF III 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 III.-Ihe domiCile OF this cor
poration shall be III the City Of New Orleans.
State Of Louisiana. and it shall have and en-
JOY corporate existence Tor term Of fifty
years.
ARTIVLE V.-The stock Of this corporation
is hereby fixed az the sum Of twenty-five
thousand dollars (s25.0OO0W, divided as fol-
lows There shall be one hundred and fifty
$50 shares Of common stock Of the par value
Of one hundred dollars $4,000 per share.
equalling fifteen thousand dollars tSl5OOO.OO}
there shall be one hundred 600 shares Of
preferred stock, OF the par value of one hun
drcd dollars (SlOU) per share, equallIng the
sum Of ten thousand dollars (Sl0.uUOOOl, max
ing the full capital stock Of twenty-five thou
sand dollars (S25OcOOl. 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 cent
per annum, and which said interest or dIvI-
ieud shall be nou-Cumulatve. All voting
powers in this corporation shall be vested in
and enjoyed by the common stock owners.
The owners OF preferred stock will have no
voice in the election Of directors officers.
In the event Of dissolution or liquidation Of
the 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 to pay the divi-
dend 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
4
soon as three thousaai dollars G5,0000O Of
the common stock shalt have been subscribed
for. This corporation sail have the power
TO contract, and be sued in its corporate
name, 10 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
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 the
first Wednesday of February, when the an
nual stockholders meeting shall be held.
ARTICE Win case of the absence, in
ability or non-performance of duty, the ma
jority of the Board of Directors are empow-
cred TO appoint a successor TO any officer OF
member Of the Board to fill a short term OF
the unexpired term Of such officer unable OF
not performing his duty.
ARTICLE NII.-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
for by him, nor shall any informality in or
ganization have the effect of rendering the
charter null, or of exposing any stockholdeI
to any liability beyond the amount due on his
stock.
ARTICLE vIII.-This charter may b,
changed, modified altered. or said cor
poration may be dissolved, with the assent
Of two-thirds of the amount of common stocl
present or represented at any general meet
ing or said corporation convened for Sucf
purpose, after ten days previous notice shall
have been given, in the manner provided il
this charter. All changes relative to tn,
capital stock shall be made according TO th'
laws of this state.
or any liabilities of this corporation in any
ARTICLE IX-Whenever the corporation i
die solved either NV mi Or from Othp
cause, its affairs shall be liquidated undo
the superintendent of two common stock
holders, to be chosen for that purpose by
majority in amount of the common stock
meeting of the stockholders at which the cleo
ton is held. Said commissioners shall re
main in office until the affairs of said cor
pOration shall have been fully liquidated. Ii
case of the death, resignation OF inabilit!
from any cause of one of the said commits
! sioners to act, the survivor shall continue Z
act, and shall appoint another stakeholder II
the place and stead of the commissioner VIII
shall have ceased to act.
ARTICLE IA special meeting of tn
stockholders of this corporation shall b
called at any time, in the discretion OF tn
President, and must be called upon the writ
ten request of two stockholders.
| ARTICLE Kilt is especially agreed tina
| all stock subscribed for and accepted b.
stockholders is subject to the provisions o
| this charter.
Thus done and passed in my office, in tn
City of New Orleans on the day, month an
year aforesaid, in the presence Of Louis r
Hoover and John Smith, competent witnesse:
residing in this Parish, who have signed thei
names with the said parties and with me
Notary, after reading of the whole.
Witnesses (signed): L. X. Hoover, job
Smith.
| (Signed) FRED {. MARX,
| Notary Public.
| State of Louisiana,
| Parish of Orleans.
!, the undersigned Recorder of Mortgage
| in and for the Parish of Orleans, State c