The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-12
CHARTER.

proper. Said capital stock may be II
creased to Two Hundred Thousand (S2o0
| 000OO Dollars
| ARTICLE V.-A1I powers of this CORPORA
ton shall be vested in and exercised bv
board Of not more than five, and not les
than three directors, each Of whom shall
hold IN his own name on the books Of N
company at least one unpledged share o
stock. The board shall elect from their mum
| Der president, a vice-preSident a secre
tary: and treasurer, and such other officer
as they may think proper or convenient 70
the carrying on Of the company's business
and shall have power 20 unite two or nor,
Offices, and the same to confer upon one per
son, or 10 dispense with any office in IL
discretion, and 70 fix the salaries OF all Of
tieers, agents and employees. The board O.
directors shall be- elected annually on n,
second Monday of October Of each wear. thu
iirst election TO be held in the year 1919
All such elections shall be by ballot az m.
oftlce OF the corporation. Notice of ANNA
meetings, as well as special meetings OF
stockholders, shall be given by written no.
ice mailed fifteen days in advance Of the
date OF such meeting 10 each stakeholder an.
peaung as such on the books OF the com.
pany at his last designated address, or al
the General Delivery at New Orleans. Lou.
lsiana, If he has not designated an Adde'S
Each shareholder shall be entitled no one
vote tor eash share OF stock standing in his
name on the books Of the company said vote
TO be cast in person or by proxy. and a
majority OF the votes cast shall elect. The
BOARD OF directors shall have power 10 fill
al vacancies which may occur or in any
manner arise or be created. by the hoard
.oI directors, even though no quorum remain
az the time such vacancy or vacancies ,-e
70 be filled. Failure 70 elect directors on
tne day above specified shall not dissolve
tHe corporation, but the directors then in
Office shall remain in office until tbeir en-
cesSorS are elected. The board Of directors
SnaiL nave power TO make and establish as
wen as alter and amend all bylaws. rules
ana regulations necessary and proper for the
support and management of the Affairs a,J
business Of the corporation and not i,con-
sistent with its charter. The board sb,II
nave power. without referring TO the stool
holders, to borrow money, execute mortgages
issue notes, pledges, bonds or other obliga-
lonS IN such amounts and on such terms as
IN their Judgment may be advantageous. and
generally to do all things reasonably neces-
sdry ior the proper carrying on Of the b,si
ness Oh the corporation, and they are spec-
AMY auihorized to deliver full paid shares
OF stock and bonds. or other obligat;ons "a
the company in payment of pronerty -, -
CURED by said corporation at such fair vaI1-
stion as IN their judgment NAV be nroner
a majority OF the directors shall Constitute
ID ID, quorum TOR the transaction of business
In Dodru OF directors shall have the power
gy vote OF not less than two-thirds of all
directors to sell all or any part az ,be
property movable and immoyeable beIong.
ing 10 the corporation. or 10 receive in eY
change therefor money or stocks or bonds
OF other obligations of another ;nd;v;d,,.i
firm or corporation of anv cbarsc+e- .;tina,,
referring to the shareholders for power N
90 So At any meeting of the board OF al;
rectors, any director absent from the meeting
may be represented by any other director
mHo may Sast the vote of said absent drec-
Tor, according TO general or special write,
Instructions of said absent director Tnt;i
inc annual meeting of 1919, the board Of n;
rectors shall consist of Abraham RosenbeTg
post office address 2l5 Decatur ST., New or,
f;ce ,d Loulsia ma, Blanc Monroe, post Of
lce ADDRESS l424 Louisiana Ave, New Or
cans louisiana. and Charles Rosen. post
lftice address IL Rosa Park, New O,I.sns
LOUISIANA: OF the foregoing, Abraham Ros,
efloerg shall be PRESIDENT: Charles Rosen
treasurer.
ARTICLE VI-This lact of ;ncorno-,,;o,
nay be changed modified or amended ~ |
ms corporation may be dissolved in tire
manner provided by law, by vote of two
hirds OF the entire outstanding capital stoct
resent or represented at a general meeting
II the stockholders convened for sucb nrTs
,ose, after previous notice has been g;venP G !,
ne manner above provided to be given Of
ne annual meeting of the corporation The
aphal stock of the corporation NAV he in
reased or decreased by proceeding in ac. |
flf n %
ana. S
ARTICLE Wifi this corno-,t;or sh,,,
'e dissolved either by limitation. or for anv
'ther cause, its affairs shall be Iiouidated |
" three commissioners, to be appointed AT
meeting of stockholders, convened for the
purpose OF liquidation, and to be elected by |
vote of all the stockholders. Said Iiou; |
lators shall remain in office until the AZ. |
airs OF said corporation shall have been |
uily settled and hquidated, and thew shall |
ave tull power and authority to transfer
= give title to all the property and assets |
the corporation, and to distribute the pro-
eeds. In case of death, disability, or resig.
alton, OF one or more liquidators, the va |
ancy shall be filled by the survivor or sur
ivors " sun
ARTICLE VIII.-No stakeholder shall ever
e held liable responsible for the con-
racts or faults of said corporation in any
nrther sum than the unpaid balance due on
ne shares of stock owned by him nor shall
ny mere informality in organization have
ne ERECT OF rendering this charter null or of
xposing any stakeholder to any liability
eyond the amount due on his stock
ARTICLE IX.-There is annexed hereto an
ocurate detailed and itemized description of
improvements in the city of New Orleans.
rleans Parish Louisiana, which is to be
'nveyed TO the corporation in payment of
'rtain subscriptions for 1916 shares of its
iPitdi STOCK, showing the amount, location,
Stent, character and state of Improvement
said land. together with its improvements
appraised by the directors of this corpora
on. And in order that this charter NAV
rye as the original subscription list, the |
disorders hereto have indicated opposite {
cir respective signatures the subscription {
shares Of stock subscribed by each of
EN-.
Thus done and passed at my office in the ,,
ty OF New Orleans, Louisiana, on the day, !
onth and year above written, in the pres
zee OF Vera II. Trailer, and Hazel Abbott. /
illnesses, who have hereunto subscribed ]
cir names, together with me, Notary, and a
I'd appearers, after due reading of the {
hole. Witnesses: Vera II. Trailer, Hazel I
,bott. WATTS X. LEVERICH, Notary {
iblic. q
the undersigned. recorder of mortgages.
and for the Parish of Orleans, State of
'uisiana, do hereby certify that the above t
d foregoing act of Incorporation of Rosen. I
rg Realty Company, Inc, was this day
ly recorded in my office in Book l222.
lilo -. New Orleans, La, November ;
!, 1918. EMILE J. LEONARD, by. r.
hereby certify the foregoing is a true o
d correct copy of the original. n
WATTS X LEVER1CH, Notary Public. c
Nov. 7-l4-H-2S; Dec. 5-l2. 4
ENTLEY NAVAL STORES IN INC