The herald., 1914-08-27
CHARTER
OF ROSENBERG-R ROWAN COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF Or
Il

or observation-disclosures COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF Or
LEANS. CITY OF NEW ORLEANS.
he it known. that on this tenth day OF
the month Of July, in the year one thousand
nine hundred and fourteen, before me, John
X. Upton, notary public in and for the
parish Of Orleans, state OF Louisiana, there
IN residing, duly commissioned and qualified,
and IN the presence OF the witnesses herein
after named and undersigned, personally
came and appeared the several persons
whose names are hcreuutO subscribed all
OF the full age Of majority and residents Of
this city OF New Orleans, Louisiana, who
declared, that awaiting themselves OF the
provisions OF the laws OF this stat. relative
To the organization OF corporal tons and par
ucularly act No. IS Of the General Assembly
OF 1904, they hereby form themselves and
organize corporation for the objects and
purposes and under the StipuatiOns hereis-
after set forth, tO-Wit:
ARTICLE k-The name and title OF this
corporation shall be ROSENBERG-R ROWAN
COMPANY, and by that name it shall have
and enjoy succession for the term of ninety
nine years from the date hereof unless soon
er dissolved. 1t shall have power 10 sue and
De sued; TO borrow money; hold, purchase
lease, sell and hypothecate real and personal
property Tor It's own account and for account
OF others; 10 make and use a corporate seal !;
TO name aud appoint directors, managers and
agents, and 10 establish such bylaws, rules
and regulations for The management OF the
business and affairs Of the said corporation
as may be necessary, the same TO alter at
pleasure; also 10 make and issue bonds and
other evidences OF debt, and TO secure the
same by mortgage or otherwise
ARTICLE 1.-THE dOmicile OF this cor
pOraiiOn shall be in the city OF New Orleans
Louisiana, and AL citations and other legal
process shall be served on the president in
his absence on the viCe-preSident, and in the
absence of both on the secretary treasurer.
ARTICLE lll.-The objects and purposes
for which this corporation is formed and
no 4rri m
by il, are hereby declared 10 be TO deal in
acquire, purchase, hold, lease, sell and mort
gage real estate, improved and unimproyed
OF whatsoever nature, and all manner of
lands throughout the state OF Louisiana or
elsewhere, and to develop, improve, drain
and TO plot out into subdivisions any and
all such lands, erect dwellings and other
buildings and Improvements thereon, and TO
lease, hypOthecate, sell or otherwise market
the same, in whole or in part: to build,
erect, construct, and to contract for the
building, erecting and construction Of tene-
mentS, houses, flats or apartments and other
buildings OF like character; 10 build and
operate tramways; to act as agent for other
corporations, individuals or firms, for the
sale or lands, collecting of rents and placing
insurance, and in this capacity to charge
and collect commissions and compensation
as payment for such services rendered such
corporations, individuals or firms, and to do
all things pertinent or germane 10 the pow
ers herein granted.
ARTICLE Iv.-The capital stock Of this
corporation is hereby fixed at twenty-five
1928 God OOJ dollars TO be divided
the par value OF one hundred ($l00.0O) dol
lars each, payable in cash or its equivalent.
The corporation shall become a going con-
Germ when three thousand (S3 600 OOt dol
lars are subscribed to its capital stock
ARTICLE V.-All the powers Of this cor
pOratiOn shall be vested in a board OF di-
rectJrs composed Of three directors, two Of
whom shall constitute a quorum for the
OF all business, which said di-
rectors shall be elected at a general meeting
OF the stockholders OF this corporation TO be
held on the first Monday in August OF each
year, and notice OF which election shall be
given each stakeholder by at least ten DAYS
written notice addressed to his or her last
known residence.
The first election for directors under this
charter shall take place on the first Monday
in August, 1915, until which time the follow
ing stockholders shall constitute the first
boa I'd Tof directors, viz: f. Bruce Rowan,
Ephrisn Rosenberg and Nathan Rosenberg
with +. Bruce Rowan, president; Nathan Ro-
senberg Vice-president. and Ephriam Rosen-
berg, secretary-treasurer, who shall exercise
all the functions OF this corporation until
their successors are duly elected. Any fail
ure to hold an annual meeting shall not
cause a forfeiture OF this charter, and any
vacancy occurring in the board Of directors,
from any cause, shall be filled by the remain
ing directors. The said board of directors
shall have the right to appoint such agents,
and managers or other employees as may be
necessary, shall fix their compensation, and
have the right to dismiss them at pleasure.
All acts OF sale, purchase, lease or other
snail be signed by the president, or in case
Of his absence or inability to act, by the
trcasurer.
ARTICLE YI.-0n the first Monday in
August, 1915, and annually thereafter, there
shall be held a meeting OF stockholders to
elect directors for the ensuing year, which
meeting shall! be called after ten days writ
ten notice; said notice 10 be deposited in the
mall, postage prepaid and directed to each
stakeholder, at his or her last known ad-
dress. At said meeting said directors shall
be elected by ballot and majority OF the
votes cast shall be necessary to elect, aud
each share OF stock shall be entitled to one
vote. The shareholders shall vote in person
or Dy written proxy. Only shareholders
shall be eligible as directors.
ARTICLE Vino stock shall be trans
terred except upon the books of the com
pany. No stakeholder shall be liable for any
contracts, faults or debts Of this corporation
~ ~ any any Iurther sum than the unpaid balance
ARTICLE VIII.-This act Of incorpora-
ti0n may be changed, modified or amended or
said corporation may be dissolved by a vote
resented at a general meeting held for that
purpose, after ten days prior written no.
lice as provided for In Article VI, and In
,ase OF dissolution or termination of this
wind up and settle the affairs of this cor
DOratlon, and in the event OF disagreement
between them, they shall elect an umpire
whose decision shall be final
mus done and passed at my Office In this
'lty or New Orleans. Louisiana, on the day
month and year hereinabove first written in
ne presence Of Messrs. Francis p. Burns
M Joseph Hocke, competent witnesses. who |
iereunto sign their names, together with the |
sid appearers, who have set opposite their |
lanes the number Of shares subscribed by |
hem so that this act shall serve as the ori9.
nal subscription list, all after due reading
4 the. whole OF these presents.
Original signed) Names OF subscribers
mtted witnesses Francis p. Burns. |
oSepn hocke. JOHN II. UPTON,
a., Not. Pub |
and for the parish OF Orleans, state OF
oqisiana, do hereby certify that the above
nd foregoing act OF Incorporation of the
osenberg- Rowan Company was this day duIv
ec S In my office, In book 1927, folio 26S.
New Orleans, July 15th 1914.
(Slgned) EMILE J. LEONARD. ID. r.
A true copy:
New Orleans, La, July Dist, 1914.
(Sea) NJ d.
Il % 30 aug Is 20 % w.