The herald., 1919-10-16
CHARTER OF HIGGINS TITUS-SMITH
COMPANY, INC,

| United States of America. State of Louisi'
ana, Parish OF Orleans, City Of New Or
leans. Be it known, that on this Thlrtleth
day of the month of September in the year
of our Lord nineteen hundred and nineteen,
| and of the Independence OF the United
States of America, the one hundred and forty
| fourth, before me, Allan Raymond Beary, a
| duly qualified Notary Public in and for the
| city, parish and state aforesaid, and IN the
| presence of the hereinafter named and I'M
| dersigned witnesses, personally came and ap-
peared the persons subscribing hereto, who
declared that awaiting themselves OF the
constitution and laws OF this State relative
to the organization of corporations they have
covenanted and agreed and do by these pre-
sents agree and bind themselves, their sue
cessors and assigns and such other persons as
may hereafter become associated with them,
20 form and 10 constitute a corporation I'M
der the following articles OF Incorporation.
ARTICLE 1.-The name of this corpora
ton shall be Higgins Titus Smith Company,
Inc.
ARTICLE 1.-THE objects and purposes
for which this corporation is formed are to
carry on a general insurance business, as
general agents, or brokers. or agents for in
surance companies, located in this city, or
elsewhere, doing Fire, Life Accident and
Health Compensation, Burglary, Casualty
Marine, Liability, Automobile Insurance, and
any other forms of insurance authorized by
law to be carried on in the State of Louisi-
ana, or any of the United States; and gener.
ally to enjoy and exercise all the rights and
immunities permitted granted by law to
such corporations, and necessary or inclden-
tai to its business.
this corporation is hereby fixed at the sum
of Fifteen Thousand ($l5,OOO) Dollars, divid-
ed into fifteen hundred 0,50O shares oil
the par value of Ten $50 Dollars pei
share, to be paid for in cash, property and
good will or by labor done Certificates
of stock shall be signed by the President
or Vice President and the Secretary.
No stakeholder shall have the right to
dispose of his stock without having first
offered it, in writing, at its then book
the other stockholders, who shall have the
first right to its purchase for ten days
from the date OF said written offer; should
no stakeholder purchase same, the Board
of Directors shall have the right for the
next succeeding five days to purchase said
stock at said price for the corporation, and
such stock will then become treasury stock,
to be disposed of as may be determined by
the Board of Directors for cash, property
actually received by or labor actually done
for the corporation or for stock in other
corporation, or the same may be used to
decrease the capital stock to the amount al
lowed and in the manner provided by law.
ARTICLE IV.-The domicile of this
poration is fixed in New Orleans, Louis-
ana. Citation shall be served on the Presi-
dent, |
in the absence of both, on the Secretary
Treasurer if one officer; if two, on the
Secretary, and in the absence of all three.
on the Treasurer.
ARTICLE V.-The corporation in its cor
porate name shall have the right to have
and enjoy succession for nnety-nine years
from the date of this charter; to sue and to
be sued in any court Of competent juris.
diction; to make and use a common seal
and alter the same at pleasure; to &C
quire property, real personal and mixed,
in and out of the State of Louisiana, by
grant, gift, purchase, devise or bequest;
to lease, hold and to dispose of, and to
mortgage and pledge the same; to appoint
such officers and agents as the bushes
of the corporation may require; to fix their
compe nsation and to dismiss them at its
pleasure; to increase or diminish its CAPT
tai stock; to make bylaws not inconsis-
tent with any existing law, fixing or al
tering the management of its property, the
regulation and government OF 1t affairs
and the manner of the certFication and re.
gstraton of its stock; to acquire and flo;o
stock in other corporations, and if desirable,
to issue its stock in payment for caP;t.,
stock in other corporations, and to sell,
hypothecate or pledge such stock to acquire
its own stock by purchase or otherwise and
to dispose of retire same, provided that
the capital stock of this corporation shall
not be diminished below the amount pro-
vided by law; to conduct business in this
State, other states, the Federal Districts
the Territories and possessions of the United
States and in foreign countries: to wind
up and dissolve itself and generally to en-
joy all rights and privileges and immuni-
ties granted by law to such corporations.
ARTICLE VI.-All the corporate powers
of this corporation shall be vested in and
exercised by Board Of Directors to be COM
posed of seven stockholders, each of whom
shall own in his own right not less than one
full paid and unpledged share of stock, to
be selected by the stockholders annually
beginning at the annual meeting of 1921.
The Board of Directors shall at their first
meeting after the annual election, elect from