The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-14
CHARTERS.

me, Alfred Charles Hammer, a notary nnbi;,
| duly commissioned, sworn and qualified i,
and for the Parish of Orleans, State o
| LOUISIANA, therein residing, and in the pres
enee OF the witnesses hereinafter named an,
| undersigned: Personally came and appeared
w. Irving Moss and Arthur S. Huey, re
sPeetIyely the President and the Secretar,
OF The Hartwig Moss Insurance Agency
Ltd. who declared unto me, Notary. that
| meeting Of the stockholders of The Hartwi,
Moss Insurance Agency, Ltd, was held a,
the END day of December, 1917, at ) o'clocl
L. M, at the Office of the company. in m,
City OF New Orleans, No. $50 Union street
pursuant to resolution of the Board O
Directors of said company passed at a meet
ing OF said Board held on the 10th day O
December. l9l7; and pursuant to waiver o.
notice executed by every stakeholder of the
company, said stockholders meeting hayins
been called for the purpose of amending the
charter OF said company SO as to change OF
enlarge its objects and purposes; to increase
IT'S Capital stock; to create two kinds Of
stock to be known as Preferred and Com
mon Stock; TO increase the number of stock
holders to constitute the Board of Directors
and to consider the amendment of its Char
ter or Articles of Incorporation in any other
respect as may be deemed advisable
That at said meeting of stockholders, Sc
held on the END day of December, 1917, al
) o'clock 2. NJ, i was resolved by a unani.
nous vote of all the stockholders present
and represented at said meeting, there being
present and represented at said meeting the
total issued and outstanding Capital Stock
OF SAID company. "a certified copy of the
hereto annexed and made part hereof, that
the Charter of this company be amended
as hereinafter set forth.
And the said w. Irving Moss and the said
and Secretary of the Hartwig Moss Iasur.
ance Agency, Ltd, further declared unto
me, Notary, that under due authority OF
said stockholders meeting. held on December
End, l9l7' they and each of them appear
before me. Notary. for the purpose of en-
bOdying the amendments of the Charter of
The Hartwig Moss Insurance Agency, Ltd
in notarial form; and they now declare unto
me, Notary. that the Charter of The Hartwig
Moss Insurance Agency, Ltd, shall be
amended so as TO read as follows, to-wit:
Article 1.-The name and style of this
corporation shall be The Hartwig Moss In
surance Agency, Ltd; and under its said
corporate existence and succession for the
full term and period of ninety nine Co9)
years from and after the date hereof; to
contract. sue and be sued to make and use
corporate seal, and the same to alter and
break at pleasure; TO hold, receive, lease,
purchase and convey, as we'll as mortgage
and hypothecate property. real, personal or
mixed, corporeal and incorporate; to own and
hold stocks and bonds of other corporations;
to name and appoint such managers, agents,
directors and officers as its business or
may require, and to make and
establish. as well as alter and amend, from
time to time, such bylaws, rules and regt-
lations for the proper government of the
affairs of said corporation as may be neccs-
Sary and proper
Article 1.-THE domicile of said corpora
ton shall be in the City of New Orleans
State of louisiana, and all citation and other
egal process shall be served upon the Pres
dent of said corporation, or in his absence
upon any one of the Vice-Presidents thereof
1r in the absence OF said officers upon the
a Af
Article lII-The objects and purposes for
which this corporation is organized and es-
ablished and the nature of the business 10
De carried on by it are hereby declared TO
De:
To conduct = general insurance agency
business, to solicit insurance of all kinds, |
,ither on a salary or commission; to act as
engineers; to act as agent and
manager for resident and nonresident insur-
Ince companies, associations or combinations |
# persons of all kinds; to inspect insurance
isks, to adjust insurance losses and gen.
raj average; to do a general stock broker
ge and commission business; TO buy and
otherwise dispose of, own and deal in stocks,
'onds, mortgages, debentures, trust receipts,
commercial papers, consols, and government
ecurities, either for itself or as the agent
actor or representative OF any person, firm
r corporation, and upon commission or other
wise; to transact a general real estate agency
nd brokerage business, including the man
cement of estates; to buy, sell, let, lease.
ire, own or demise or generally deal and
rade in real estate, whether improved or
either as principal or agent, for
Is account or for account of others. and
pom commission or otherwise; TO borrow
honey and grant mortgages, bond mortgages
r notes therefor; to lend money and TO re-
Give therefor mortgages, bonds, or any other
violence of indebtedness; to carry on any
Their business which under the law it may
e entitled to carry on or which may seem
D the corporation to be calculated directly
IL. l..
ects, or either of them, or to facilitate it
! the transaction of its aforesaid business,
r businesses, or any part thereof. or in the
of any other lawful business
enhance the value of or to render profit.
BILE any of the company's properties and
gifts and generally to have and exercise
Il such powers and privileges as are in
dental or relate to the objects and pur-
oses hereinabove set forth, or as may be
ecessary, useful or convenient for effecting
lid objects and purposes
Article IV-The Capital Stock of this cor
,ration is hereby fixed at the sum of
hirty Thousand Dollars (S30,0OO.0O), divided
lares of stock of the par value of One !
undred Dollars $4,000 each, Two Hundred !
O) shares of which said stock shall be
lown as Preferred Stock, and One Hundred
1own as Common Stock. Separate and dis !
net certificates shall be issued for each
ass of stock Said stock shall be paid for I
cash at such time, in such amounts, and 5
ter such notice to the subscribers as may a
fixed by the Board of Directors, and the :
me may be issued at not less than par for I
Dor done or property actually received by
e corporation. Preferential dividends shall I
paid on the Preferred Stock at the rate o
Six Per Cent. go per annum, and any a
vidend payment omitted or passed, either n
whole or in part, shall be paid in full
fore the Common Stock shall receive any y
vidends. The Board of Directors may at i
y time declare an extra dividend on the p
eferred Stock, but not until dividends to n
least Twenty-Five Per Cent. (25%o) per S
mum shall have been declared on the
mnlon Stock. The Preferred Stock shall e
Sc whatsoever. The Board of Directors ii
~, at the end of any fiscal year, set
ide from the net earnings or profits OF this d
Tporation for said year such proportion a
ereof as may be deemed advisable, said o.
t earnings or profits to be placed TO the n
m Stock Surplus Account" The Board Of ie
rectors may, however, in its discretion, Of
the end of any fiscal year, place any part p
portion of said net earnings or profits, not
ceeding one-half thereof, in what shall ST
known as the preferred Stock Surplus al
count" If the business of the corporation el
the end of any fiscal year shows a loss N
said year, then and in that event the b.
ard of Directors may, in its discretion,
irge the whole or any part or portion of 81
d loss to the said Preferred Stock Sur fr
IS Account" Ii
he Board of Directors may, at any time, al
] and retire the whole or any part of the u
.ferred Stock of this corporation by paying &C
the holder or holders thereof the full par pc
ue thereof, together with the dividends on st
d Preferred Stock in full up to the date pc
the retirement, including any dividends BE-