The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-19
CHARTER
OF LOUISIANA SECURITIES COMPANY,
United States Of America, State. of Louisiana,

,
named and undersigned, personally came and
appeared the persons whose names are here
unto subscribed, all OF the full age OF ma
jority and residents of this city, who sever
ally declared that awaiting themselves OF the
provisions Of the act OF the Legislature Of thus
state, being known Act No. -oI OF the SEES
sion Acts Of 1914, they do. by these presents,
covenant and agree and bind themselves, As
well as all other such persons as may become
hereafter associated with them, in order to
/ form and constitute 4 corporation or hody
polite in law, Tor the objects and purposes,
and under the stIpulationS following, to-wlt:
Article The name and title OF TINS cor
porati0n shall be Louisiana Securities Com
I pany, Inc. Of New Orleans, and II shall have
and enjoy succession and existence Tor
period OF ninety nine years from date htic"l
/ II shall have the power and authority to sue
and be sued IN its corporate name IN any
court Of competent jurisdiction; TO contract;
10 make and a common seal ana AFTER lh'
same At pleasure; 10 acquire property 10y
grant. gift. purchase, and to devise or De
4 quest: To lease. hold and dispose OF, and 10
mortgage and pledge the same, all subject to
limitations IS may be prescribed by law L.
, issue or acquire bonds. stocks and notes, 10
/ appoint such officers and agents as the bust
/ ness Of the corporation may require, ana t9
/ fix their compensation; To- name directors ana
managers. and Co make and establish bylaws,
/ rules and regulations for the management Oh
/ the business affairs OF sand corporation aN
may be requisite and necessary.
Article 1.-THE domicilc OF tins corporation
shall be IN the city of New Orleans state "i
I.uul~iau.. where all citations and other lesa!
process, Shall he served upon the president
md m case Of has absence, upon the vice
PRESIDENT. and IN case OF the absence oI the
vlcr-prcsIdcut, upon the svcrct1Iy-iic"sui'F
. thereof.
Article Iu-Thc objects and purposes for
which this corporation Is organized anu lAt
nature OF the business 20 be carried on ny IL
are hrcchy declared TO be-: 10 engage D" oIS
ing and selling stocks, bonds and all oihc'
forms Of securities. ON its own account or Tor
the account OF others; TO buy ana sen real
/ estate and 20 mortgage and hypothc'a'c same
! To act as agent OF trustee IN conducting the
business Of. or selling the goods, wares OF
merchandise OF any person, hrm or corpora
! ton Tor a brokerage or commission ana;
generally. To do all things necessary ana
4 PROPER pertaining TO such business. Inns
corporation shall have power TO do business
| in Tins state the federal districts, the terri
, tories and possessions OF the United States
e and III foreign countries.
r Article IN.-Ihc capital stock OF this cor
p marathon Is hereby declared To- he the sum OF
1--WE thousand dollars tS5rnuyl, divided lnl,
nifty shares of SIX per cent cumulative st"'N
e Of one hundred dollars each; the amount OF
each share shall be paid Tor m accordance
with law, and this corporation shall be optr
; alive and 90 into business and become goinl
y concern when twenty-five shares OF IT'S cap
, I,al stock shall have been subscribed an'
f"N No transfer Of stock shall be binding upor
: this corporation unless same appears on th'
books thereof
Article VI The corporate powers of thu
cornoration shall be vested IN board Of On
: rectors to be composed OF three directors 1--WE
. OF whom shall constitute quorum Tor IN
= | transaction OF business, to be elected by M
: ! stock olderS at a general meeting to be nee
on the fourth Monday III June, in each year
= Notice of all stock meetings, except the or
! gauization meeting, shall be gwen To eaSl
: stakeholder, in writing, delivered peTSonail'
| or by depoSitiug in the post office, addrtsst
| he last address,
| DAYS before the meeting.
3 At all meetings Of elections OF this cor
= poraton, each stakeholder shall be entiie
| TO one vote for each share OF stock standin
| in his name on the books Of the company
Y which vote shall be cast i'll person or b
written proxy.
3. The Board OF Directors shall have tn
power TO make all bylaws, rules and reguia
tions necessary for the conduct OF the bus
ness affairs OF said corpora:Ion; shall cieS
from their number president, vice-presider
? and a secretary treasurer, the latter OF whoi
!. shall give such bond and security as III
D.. board of directors may require
II The first board OF directors shall be cleo
8 ed at a meeting of the subscribers to the cal
!. ital stock TO be held at the don,iclle Oh ,6i
l. corporation, on the 18th day of August, lSl
8 and when elected, such directors shall mol
= ofhce until the fourth Monday IN june, l9l
or until their successors have been electe
: and qualified.
marathon NAV be increased to one hundrt
. thousand dollars (SlOO.mOOg) at any ume'
d the discretion Of the board OF directors al
, in accordance with the laws Of thus stat
l. This charter may be amended, altered or moi
Il fled, or the corporation dissolved, by a V9
n of two-thirds Of the stockholders voting [
: shares at 4 meeting convened Tor that pu
IN Article NII-No stakeholder of this corpo
alton shall ever be held liable for any OF u
VI Indebtedness, contracts or faults thereoi'
IN anv further sum than the unpaid balance u'
.t,a Sha
nor shall any informality in the organizati,
have the effect of rendering this charter nu
or of exposing a shareholder to any liaDih
- whatever. -. :. h
Article VILLA failure at any time to no
| meetings or elect directors or ofhcers
Herein provided shall work forfeiture
Iof this charter, or dissolve the corporataion'
Ibut the existing board OF directors and officers
Ishall continue in Office until their successors
have been elected, which election shall
| held as soon as possible.
Ii Article IX.-At the expiration of this cha
| ter, unless sooner dissolved, its affairs sha
| be liquidated by one or more COMMISSIONS
TO be appointed by the stockholders IN NEE
/ ing assembled for that purpose and who a
| invested with full power to sell all the asse
| and property real or personal, of this corpo
alton, and to convey full and complete TIT
| thereto, and TO do and perform all acts esse
| tial to a full and complete liquidation OF q
affairs of this corporation, and to distri6u
/ the proceeds, If any, in accordance with la
Thus done and passed, at my office, in q
city of New Orleans, the day and date hr
above written, in the presence OF Mess
| Esmond Phelps and Charles +. Dunbar,
competent witnesses, whose names are her
| unto subscribed, together with the said a
hearers and me, notary, after due reading
! the whole.
CThe original is signed: P. d. Parks,
shares; Jos. II. Wynne, 10 shares; W. Lei
| wich shares Witnesses: Esmond PhelI
Charles f. Dunbar, Jr.
PIERRE ID. OLIVIER, Notary Publ
l. the undersigned recorder Of mortgages
and for the parish of Orleans, State of 10
l isiana do hereby certify that the above al
foregoing act of Incorporation of the l>oui
ana Securities Company, Inc" was this d.
duly recorded in my office, in book llS, TO
40 New Orleans, July 81, 1918.
CSigned) EMILE J. LEONARD, by. X
| certify the above and foregoing to be
| true copy of the original charter of the Lo
i isiana Securities Company, Incorporated, a
/ of the certificate of the recorder of mortgag
| for the parish of Orleans appended thereto
Il file and Of record in my office.
Sill New Orleans La, August 9, 1915.
(Sgned) PIERRE d. OLIVIER
(SeaD Notary Public
aug p 10 Is sep 2 9 Is %