The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-06
CHAR TER
ROSE HILL, INC.

ROSE HILL, INC.
United States of America, State of Louis;-
ana, Parish of Orleans.
Be it known, that on this sixth day of
the month OF November, in the year of our
Lord one thousand nine hundred and sew
enteen Q9DD, and of the Independence of
the United States of America, the one hun
dred and forty second, before me, Felix J.
Dreytous, notary public, duly commissioned
in and for the City of New Orleans, in the
Parish OF Orleans, therein residing, and in
The presence of the witnesses hereinafter
named and undersigned, personally came and
are hereunto subscribed, who declared that,
awaiting themselves of the provisions of the
avs OF this State relative to the organiza-
ton OF corporations, they have covenanted
and agreed and do by these presents cove
nant, agree, bind, form and constitute them
selves, as well as such persons as may
hereafter join or become associated with
them, into corporation and body polite IN
aw, for the objects and purposes, and under
the agreements and stipulations following,
to-wit:
Article 1.-The name of this corporation
shall be Rose HILL Inc, under which name
it shall exist for the longest period permit
ted by laws of the State of Louisiana, and
shall enjoy all the power and authority to
contract, sue and be sued; to accept and
receive mortgages, pledges, or other hypoth-
cations; to make and use corporate seal
and the same to break and alter at pleasure !:
to purchase, receive, lease, hold or other
wise acquire and convey, under its corpor-
ate name, property both real, personal and
mixed; and to secure same in such manner
as the louisiana law may permit; to name
and appoint such managers and directors
officers and agents as the interest and con-
venience of said corporation may require,
and to make and establish, as we'll as alter
and amend at pleasure, such bylaws, rules
and regulations for the management and
regulation of the affairs of the corporation
as may be necessary, proper or conven-
lent
Article 1.-THE domicile OF this CORPORA.
ton shall be the City of New Orleans,
louisiana, and all citations or other legal
process shall be served upon the president
OF the corporation, or in his absence upon
a vice-president.
Article III.-The objects and purposes for
which this corporation is established, and
the nature of the business to be carried on
by it, are declared and specified to be: To
own, hold, lease, buy, sell or otherwise
acquire and ALLEVIATE, and to dedicate, lay
out, operate and conduct a cemetery or CEN
eteries in the City of New Orleans or else
where, and in connection Herewith to own,
hold, lease, buy, sell or otherwise acquire
and dedicate, real, personal or mixed prop
cry OF all kinds, including particularly lands
and interests in lands, franchises, permits,
grants and rights of all kinds from the
State or Federal Government, or any mu-
nicipal corporation or other political SUBJ
division thereof; and in connection there
with to own, lease, construct, buy, sell or
otherwise acquire, ALLEVIATE, operate, care for,
conduct and maintain mausoleums, tombs
monuments copings, graves, roadways,
drains, sidewalks, chapels, or other struc-
lures and any and all embellishments, i'm
proyements, additions or bettements used,
or proper to be used, in connection with a
cemetery or burial ground, and in connec-
ton Herewith to set aside and dedicate
funds, the income from which may be used
and dedicated to said purposes, or any of
them.
Article IV.-The capital stock of said cor
poration is hereby fixed at three hundred
and seventy-hve thousand dollars (S37s, 10000
divided into or represented by three thou
sand, seven hundred and fifty $3.50 shares
of one hundred dollars $4,000 each. Said
stock shall consist of two different classes
of issue, one thereof to be known as Pre-
ferred Stock and the other as Common
Stock.
Section 1. The amount of said preferred
stock is fixed at the sum of one hundred
and twenty hve thousand dollars (Sl25,OOOOO),
divided into or represented by twelve hum
dred and fifty (l250) shares of one hundred
dollars $1,000 each. The preferred cap
ital stock shall be entitled by preference
and priority over the common stock of the
corporation to dividends in each and every
year at the rate of eight per cent $50
per annum. payable out of the profits; such
dividends shall be cumulative and limited
to eight per cent 800 per annum, and said
preferred stock shall be entitled to no
other or further share of the profits. No
dividends shall be declared or paid on the
common stock in any year until all of the
preferred stock, together with all cumulated
dividends thereon, shall have been paid in
full and retired. The whole or any part of
said preferred stock may be called and re-
tired at par, plus cumulated dividends to
date of payment, at any time, provided that
in case part only of said stock is called
| he IN he
shall be determined by lot, a number shall
be placed in the allotment for each out
standing share of preferred stock, and from
the total numbers thus collected, a number
to be retired shall be drawn by lot In the
event of any liquidation or dissolution or
winding UP, whether voluntary or invol-
tary, of the corporation, the holders of the
preferred stock shall be paid in full the
par value of their shares, together with all
| cumulated dividends thereon, at the rate OF
eight per cent 500 per annum to the date
of said liquidation, and after payment to
the holders Of the preferred stock of its
par value with said cumulated dividends,
the remaining assets and funds shall be
divided and paid to the holders of the com.
mon stock ratably according to their re-
spective shares The preferred stock shall
be without voting rights of any kind.
Section 2. The common stock of said cor.
poration is hereby fixed at the sum of two
hundred and fifty thousand dollars $3.50.
10000, divided into or represented by
twenty-five hundred (25OO) shares of one hun
| dred dollars each, and shall be entitled &c
such dividends as may be declared by the
| Board of Directors subject to the provisions
| Of Section l hereof, and shall be entitled &c
| share in the assets and funds of the cor
| poration only in the manner prescribed II
Section hereof, and in no other way. Elk
cept when otherwise provided by existing
| laws, or laws hereinafter enacted, which
may constitutionally be retroactive, all vot
| ing rights of every kind shall be exclu
| sively vested in the holders of the common
stock, each holder being entitled to one vote
| for each share registered in his name al
! the date of the closing of the books fol-
either in person or by proxy.
| Separate stock books and stock register.
| shall be kept for each class of stock.
The whole of said stock or any part there
| of may be issued and delivered to any per
son, firm or corporation for the requirement
of the rights, privileges, permits, franchises
property, servitudes leases or any par
| thereof, owned or controlled by said <persor
| or corporation, also in payment, settlement
and adjustment of the costs, fees, charges
and expenses incurred for services rem
dered in the formation and organization o.
| this corporation and in acquiring and bring
| ing about the purchase of the property
rights, permits and franchises aforesaid; ais,
| for cash or in installments of such amount!
| as the Board of Directors may determine
also for property received or services actu
| ally rendered to this company. The Boart
| of Directors herein created is specially au
| thorized to dispose Of the stock or any par
thereof for any and all of the purposes abov,
stated, and it is particularly authorized Z
dispose of said stock, or any part thereof
| to the London Development Company, in ex