The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-09
CHARTER
OF LOUISIANA SECURITIES COMPANY,

l4TisN I y
BE II known, that on tins 50th day OF July,
1915. before uc, Pierre ID. Olivier, notary
public, daily commissioners and qualified. Iu
and for the parish and state aforesaid, aud ~
the presence Of the Witnesses hereinafter
named and undersigned. personally came and
appeared the persons whose names are here
unto subscribed. all of the !u. age Of mA-
Iurlty and residents OF tins ,'ty. Who sever
ally declared that awaiting themselves 81 the
provisions OF the act OF the legislature OF tins
state, being known a. 49, No. ~ of the SEES
SION Acts o.; Is,4, they do. hy these presents,
covenant and agree and bind themselves. as
well as all other such persons as may become
hereafter associated with them, Iu order 90
form and constitute corporation or body
polite IN law, Tor the objects and purposes.
and under the >tpulati0u~ following, tp-wIt.
Article The name and title OF tins coy
puTauou shall be LOUISIANA Securities Com
pauy, Inc, OF New Orleans. and II shall have
and ENJOY succession and existence for a
period 81 ninety nine years tom date hereof.
II shall have the power and authority 20 sue
and be sued 90 Its corporate uluc lr any
court oi competent jurisdiction; 10 contract,
To- make and use common seal and alter the
-auc 81 pleasure. o. acquire property hy
grant, git, purchase, and 90 devise or be-
quest; 90 lease. hold and dispose Of, and 20
mortgage and pledge the same, all subject 60
limitations Us may lr prescribed hy law; t'
issue OF acquire bonds stock, and notes, t.
appoint such officers aud agents &C., the hu>l-
ness OF the corporation may require and to
uN their compensation: 2" name directors and
uauHg gers, and 20 mas, and establish bylaws.
rules and regulations for the management 81
the business affairs of sand corporation -
may Dee requisite and necessary.
Article 1.-The domicilc oi tins corporation
shall he IN the city OF New Orleans, State OF
Louisiana, where all citations and other legal
pru,c-, shall bc served upon the president,
and I'm case OF ms absence. upon the wee
president. and an case OF the absence OF the
independent. upon the ,cC1rtary-trcasurtr
Article Ill.-Ihc objects and purpose, Tor
which this corporation Is organized and the
nature oil the business To- be carried on by Il
are hrccby declared 20 be: To engage in buy
my and selling stocks, bonds and all other
forms Of securities. ON ITS own account OF for
the account of others; to buy and sell real
estate and to mortgage and hypothccate same;
to act as agent OF trustee IN conducting the
business of. or selling the goods, wares
merchandise of any person, nrm or corpora
ton for brokerage or d commission, and.
generally. To- do all things necessary and
proper pertaining TO such business. This
corporation shall have power 10 do business
in this state. the federal districts, the terri
tories and possessions of the United States,
and III foreign countries.
Article lN.-Ihe capital stock OF tins cor
poration Is hereby declared 10 be the sum OF
tive thousand dollars tSS,"Vr), divided INTO
fifty shares Of SIX per cent cumulative stock
Of one hundred dollars each; the amount OF
each share shall be paid for IN accordance
with law, and this corporation shall be oper-
alive and 90 into business and become going
concern when twenty-five shares of its cap
ital stock shall have been subscribed and
paid Tor.
No transfer Of stock shall be binding upon
this corporation unless same appears on the
books thereof.
Article VI The corporate powers OF this
corporation shall be vested in a board of dI-
reCtors 10 be composed of three directors, two
OF whom shall constitute 4 quorum for the
t-lr ~ rRf tf he elected
stockholders at a general meeting TO be held
on the fourth Monday III June, IN each year.
Notice OF all stock meetings, except the or
ganization meeting. shall be given to each
stakeholder. in writing, delivered personally
or by deposItIng IN the post othce' addressed
to the last known address, at least hiteen
days before the meeting.
,. AT all meetings OF elections OF tins cor,
to one vote for each share OF stock standing
IN hls name on the books OF the company,
which vote shall be cast in person or by
written proxy.
J. The Board OF Directors shan have the
power TO make all bylaws, rules and regula-
tons necessary Tor the conduct OF the bust
ness affairs OF SAID corporations; shall elect
from their number president, vlcc-president
and a secretary-treaSurcr, the latter OF whom
shall give such bond and security as the
board Of directors may require.
!. The first board OF directors shall be elect
ed at meeting OF the subscribers TO the cap
ltdi stock 10 be held at the domlclle OF the
corporation, on the 18th day OF August, lSlo,
and, when elected, such directors snail hold
office until the fourth Monday IN june, 1910,
or until their successors have been elected
and qualified
Article Wine capital STOCK OF ms cor,
poratIon may be increased To one hundred
thousand dollars tSlOwno0) at any time, IN
the discretion OF the board OF directors, and
in accordance with the laws OF this state
This charter may be amended. altered or mod
Ihcd, or the corporation dissolved, by vote
of tHO-thirds OF the stockholders voting by
shares, at meeting convened for that pur-
pose.
Atticie ll-No SloTTr H1.i 81 uiIs ITfpI ~
dlI1I SIidli ever ue neLu IIaGIe ,o' Iny % 'He
lhuep'euhesS, So'.IIdC's oI Lau!'S tTe.eoi' IA
dhN IuItneI SUI" lilail ''IT u,P'Iu i uue
nor shall anv informalitv in the organization
have the effect of rendering this charter null,
or OF exposing shareholder TO any liability
whatever.
Article VILLA failure at any time to hold
meetings or elect directors or othcers as
herein provided shall nDt work . forfeiture
Of this charter, or dissolve the corporation,
but the existing board OF nTec tors ana onee[s
have been elected, which election shall be |
Article IX-At the expiration of this char |
Ter unless sooner dissolved its affairs shall !
he lior;dared Inv one or more commissioners |
10 he amounted by the stockholders in meet |
INC assembled for that purpose and who are |
invested with full power to sell all the assets
and property, real or personal. OF this corpor-
lton. and 70 convey iuli ana GornP,e'e .ilIe