The herald., 1919-11-06
CHARTER OF HIBERNIA SECURITIES
COMPANY. INC.


lana Parish of Orleans, City of New Or
| leans. BE it known. That on this 31st day
| of the month of October, in the year of our
Lord one thousand nine hundred and nine
teen, and of the Independence of the
| United States of America the one hundred
and forty fourth, before me, Alfred Charles
| Hammer, a Notary Public, duly commits
| stoned. sworn and qualified, in and for the
Parish of Orleans, State of Louisiana,
| aforesaid, and in the presence of the wit
nesSes hereinafter named and undersigned,
| personally came and appeared the several
| persons whose names are hereunto sub
| Scribed, who severally declared that, avail
| ing themselves of the provisions of the
| laws of the State of Louisiana in such
| cases made and provided, they have COW
| enanted and agreed and do by these pres
| ents covenant, agree and bind themselves,
| as well as all such persons as may here
| after become associated with them, to form
| a corporation for the objects and purposes
| and under the articles and stipulatiOns fol-
lowing, towit:
ARTICLE THE name of this corpora
tion shall be "Hibernia Securities Com
pany, Inc" and under its said corporate
name it shall have power and authority to
have and enjoy corporate existence and
succession for the full term and period of
ninety nine years from and after the date
hereof: to contract, sue and be sued; to
make and use a corporate seal and the
same to break or alter at pleasure; to
hold, receive, lease, purchase and convey
erty. real, personal and mixed. as well as
corporal and incorporeal; to own and hold
stocks and bonds of other corporations; to
name and appoint such managers, agents.
directors and officers as its business, il
terestS or convenience may require; and to
make and establish, as well as alter and
| amend from time to time such bylaws,
rules and regulations for the proper con-
duct, management and regulation of the
affairs of said corporation as may be nec
| esSary and proper.
ARTICLE 1.-THE domicile of said cor
| pOratiOn shall be in the City of New Or
leans, State of Louisiana. and all cita-
| lions or other legal process shall be
| served upon the President of said corpor-
| alton or, in the event of his absence, upon
| one of the Vice-Presidents thereof, or in
the absence of said officers, upon the Sec
| rotary of said corporation.
| ARTICLE III-The objects and pur-
poses for which this corporation is es-
| tablished and the nature of the business
to be carried on by it are hereby declared
! to be:
lishment. floatation and financing of com
mercial and industrial enterprises in the
State of Louisiana and elsewhere.
To buy, sell and deal in, for its own
| account and or as agent or broker, real
estate, tenements, railroads, tramways,
watercraftS, merchandise and other per
sonar property, leases. mortgages, stocks,
| bonds, debentures. notes, drafts and other
|
| To import and export merchandise and
TO engage in foreign and domestic COM
merce for its own account and lori as
| agent or broker.
To own or charter and operate ships
| and other watercrafts.
TO act as shipping agents and forward
ers of freight.
To own or lease and operate public and
private warehouses and to accept and deal
| in bills of exchange or other evidences of
DEBT representing loans or advances on
merchandise in warehouse or in transit.
TO subscribe to and tori otherwise ac-
qulre and own the stocks and bonds of
other corporations.
To guarantee the bonds or other obli-
cations of persons, firms, or corporations.
and the dividends on stocks of other cor
| poratiOns.
10 act as insurance agent or broker.
To establish branches and agencies in
the United States and elsewhere.
10 acquire, purchase and reissue its
own stock so far as may be permitted by
law; and "
To do and perform any and all things
and to exercise and enjoy any and ain
rights or powers pertinent or Incidental
| mated.
ARTICLE IV-The capital stock of this
EVAPORATION Is hereby fixed at one million
dollars S1,OOO,OOOD, divided as follows:
SIX hundred thousand dollars 5000 OOO)
OF preferred stock represented by six
| thousand 10000 shares of the mar vaIna
OF one hundred dollars (S1OO) each, and
oo -Four hundred thousand dollars (s4OO.
Voo, OF common stock represented BY
roIus .Housand t4O.OOOl shares of the par
Value OF ten dollars ($10) each
The corporation shall be entitled tn be-
gin business when the respective propor-
tons of its preferred and common stool,
snail have been subscribed and paid for
IN tne manner and to the extent pre-
Preferred stock shall be and is entitled
TO preference and priority over the com
mon stock in the following manner. TO-
VIII: To receive cumulative dividends at
the rate OF seven per cent (7Go) per an
n mum, payable In one or more INSTALL
Ihents as the board of directors NAV de-
Iermlne before any dividend on the com
mon stock shall be paid, and, upon fine
dissolution of the corporation, after all of
IT'S debts shall have been paid, the re-
l,nainIng assets, property and effects shall
pc applied to the payment of the ire
ierred stock at par, with any unpaid div
luend accumulations thereon and before
any any payment is made to the holders of
snail then go to the payment of tbe onts
Standing common stock pro rata The
common stock shall be entitled to al, not
e rdan,ngs and profits in excess of the cum
mum: to be paid on the preferred stoct as
herein provided. '''eA as
All or any part of the preferred stool,
as may, from time to time, be 'determined
Dy tne board of directors, shall he sub
Ject 10 redemption and retirement ONT of
nst pronts or earned surplus. or any
other FUNDS authorized by law on any
Gay on which dividend thereon shall ho
payable, at the price Of one hundred and
ave S,'t, uoliars Sl05) per share and accrued
s Givldends, provided that notice of snch
iIten.lon shall be published for ten con.
T seJutVe Gays In daily newspaper nnh-
n isn Nj IN the English language in the Citv
Srst view dreams, State of Louisiana. the
Gays before the date of said nronosnd ra
oemption and retirement. ie
a, II any amount less than the whole n,
.nt, outstanding preferred stock shall he
nra feu, .nen the retirement shall be on a
snaii contribute his quota toward. M
stock to be retired. ''"afus tne
ia me BOARD OF directors shall be author.
nosa IN n, tneir discretion to issue and dis
pose OF az par and for cash nreferra,
STOCK In lien and place of anv preferreS
STOCK which may have been nrsv;ans,n .e
oeemed or retired in accordance berawith
The preferred stock shall have and on.
Joy no voting powers whatsoever.
Inc amount to which the can;ta,, s,oo,
~ ]his corporation may be increa sed shall
1so oo ene e. sum of two million dollars
WsysV,VVJ, which said increased csnitaI
classes may nt oe OF one or more kinds or
ARTICLE V-All of the corporate now
ers OF said corporation shall he vested in
dnu eAerclsed by Board of Directors To