Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1915-12-14
NEW HOTEL TO
BEAR NAME OF
CITY FOUNDER
Park Place Structure Will Be
Known as the Robert
Treat Hotel.


According to articles of incorpcra-
tion which were fled in the county
clerks office today by Louis Hood
general counsel of the Fidelity Trust
Company. the new Park Place Hotel,
which was leased last week to the
United Hotels Company, will be called
the Robert Treat Hotel.
The Incorporation papers are those
of the Robert Treat Hotel Company,
of which Frank A. Dudley. president
of the United Hotels Company; Uzal
II. McCarter, president of the Fidelity
Trust Company, and Albert e. Single
ton are the incorporators. The new
corporation is the operating company
through which the United Hotels
Company will conduct the Park Place
Hotel, which, it is expected. will be
opened not later than May next.
It is set forth IN the incorporation
papers that the principal Offices Of
the company in this State are TO be
at Z Broad street, where the Fidel-
ity Trust Company is located, and
that for the purpose OF receiving the
service of any papers Mr.. McCarter Is
to be the local agent. While the OPP
Grafton OF the hotel itself is the prf-
many object of the new company, it
Is authorized By the papers filed today
to build, erect, construct, manage and
occupy buildings for hotel purposes.
dwelling houses, apartment houses
and other structures; to buy, own op-
crate, lease and occupy lands and
buildings for hotels, apartment houses
and business structures of oil kinds
for the accommodation of the public
and of individuals; to keep. carry on
and conduct hotels, restaurants and
places for the, accommodation of the
public; to fit up and furnish the same
and to carry on the business of hotel
and innkeepers.
100000 Capital.
The authorized capital stock of the
new company is placed at 100000 of
the par value of 500 each, of which
1,500 shares shall be preferred and
$500 common.
1t Is provided in the Incorporation
papers that the holders of the pre-
ferred stock shall be entitled to re-
ceive from the surplus or net profits
of the company yearly dividends at
the rate of eight per cent, payable
aE anu WItIl QtCtdlCQs QCiOiC any
dividends shall be set apart for the
common stock When the preferred
stocks dividends have been paid or
set apart for payment. the board of
directors may declare dividends on
the common stock from the remaining
net profits.
The holders of the preferred stock
are not to have any voting power or
hold any Office In the company. In
the event of liquidation. winding up,
or dissolution of the corporation, the
holders of the preferred stock shall be
entitled to be paid in full both the par
value of their stock and the unpaid
accrued dividends on it before any
payment shall be made to the holders
of the common stock The existence
of the corporation is to be perpetual
AS given in the incorporation papers
the names and postoffice addresses OF
the incorporators are; Frank A. Dud-
ley, As Falls street, Niagara Falls, N.
VI, eight shares of preferred stock and
eight shares of common; Albert E.
Singleton. 127 West Forty-third street.
New York. two shares of preferred
stock and one share of common. and
Uzal II. McCarter, 763 Broad street,
Newark, one share of common stock.
Holding Company.
Acting as holding company for
the Fidelity, the Newark Hotel In
yestment Company last Saturday
leased the building to Adam ]. Eckert,
a Utica banker, who will now convey
the lease to the company incor-
porated today. The lease is for thirty
Years on a percentage basis, which.
it is estimated, will make the annual
rental about $4,000.
AS has been told in The Star, the
hotel is twelve stories high and in adj
dition TO reception parlors, dining
rooms, bathrooms. luncheon room, etc.
it will have 275 rooms for guests. The
work of completing the building Is In
charge of the George A. Fuller Com
pany, of New York, which was recent
ly awarded the contract on It's pa Q,
s479 900 It is estimated that the total
cost of the structure will be in the
neighborhood of S1,0000O0.