The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTER OF HIBERNIA SECURITIES
COMPANY, INC.

lana, Parish of Orleans, City OF New Or
leans. Be it known That on this 31st da,
of the month of October, in the year of gu
Lord one thousand nine hundred and nine
teen, and of the Independence of tn
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 tn,
Parish of Orleans, State of Louisiana
aforesaid, and in the presence of the wit
neSses hereinafter named and undersigned
personally came and appeared the severa
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 GOV.
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
corporation for the objects and purposes
and under the articles and stipulatiOns fol
lowing, towit:
ARTICLE THE name of this corpora
ton shall be "Hibernia Securities Com
pany, Inc" and under its said corporate
name 1t shall have power and authority TO
have and enjoy corporate existence and
succession for the full term and period OF
nlnety-nine years from and after the date
hereof: to contract, sue and be sued; to
make and use corporate seal and the
same to break or alter at pleasure; to
hold, receive, lease, purchase and convey
as well as mortgage and hypothecate, prop
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 it's business, in
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 De 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-
tons 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 or said officers, upon the Sec
rotary of said corporation.
ARTICLE III-The objects and p,N-
poses for which this corporation is es-
tablfshed and the nature of the business
to be carried on by it are hereby declared
to be:
To engage in the organization. estab.
1shment, 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-
sonal property, leases, mortgages, stocks.
bonds, debentures, notes, drafts and other
securities or evidences of debt.
10 import and export merchandise and
to engage in foreign and domestic com
merce for its own account and (orl 90
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
deot representing loans or advances on
in warehouse or in transit.
To subscribe to and tori otherwise ac-
quire 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 an
rights or powers pertinent or Incidental
mated.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at one million
Six hundred thousand dollars (ssOO OOm
OF preferred stock represented by six
thousand (6,0O0) shares of the par value
oI one hundred dollars (S100) each, and
oo -Four hundred thousand dollars $500
oOVl OF common stock represented nv
IoIty thousand l4O.OO0l shares of the par
value OF ten dollars (S10) each,
me corporation shall be entitled to be-
sin business when the respective propor-
tions or its preferred and common stock
snail have been subscribed and na;d for
IN the manner and to the extent pre.
scribed by law P'
Preferred stock shall be and is entitlad
10 preference and priority over the com
mon stock in the following manner 70
wit: To receive cumulative dividands o.
the rate of seven per cent (7oz,) Nor an
mum, payable in one or more instaIi
ments as the board of directors NAV Do
.ernine. before any dividend on the com
dissolution of the corporation. after All of
lts DEBTS shall have been paid. the re-
naming assets, property and effects shall
oe appned TO the payment of the nra.
idend stork a. par, with any unpaid div
any payment is made to the holders of
tne rnlnmon stock: the balance remaininn
snaii then go to the payment of tbe ont
'.og common stock pro rata. The
common stock shall be entitled to nj, not
earnings and profits in excess Of The ar n,, net
uIatlVe dividend of seven per cent nor an
mum: to be paid on the preferred stocl -.
herein provided. ''ocs as
All or any part of the preferred stool
as may, from time to time be Determined
oy tne board of directors shall be sub
l ect 70 redemption and retirement out of
nut pronts or earned surplus or ony
liner so iunds authorized by law. ON any
Jay on which dividend thereon shall no
we d 5n,;. at me price of one hundred and
,utlu.nds, provided that notice of sncb
nsenlon shall be published for ten CON
sssIutVe Gays in daily newspaper nnh-
isned In the English language in the fs;t,
u New orleans. State of Louisiana. tbe
, ,rst pnblication to begin at least f,ftean
lem geore she GATE of said proposed re-
any amount less than the whole q,
.nt, Outstanding preferred stock shall he
e.reu, then the retirement shall he on n
Jro rata basis so that each stockboider
'nail contribute his quota towards tha
tock to be retired. 'he
Inc board of directors shall no aptbor
hed In their discretion to issue and dis
,ose OF az par and for cash preferrao
tock IN nen and place of any preferred
, which may have been preyious1v re-
ieeh'ed or retired in accordance herewith
Inc preferred stock shall have and on.
oy no voting powers whatsoever.
me amount to which the capitaI stoct
!. 'nis corporation may be increas ed shall
y, lsa IN tne sum of two million dollars
sZ,VVo,OOO), which said increased canitaI
49, may De or one or more kinds or
ARTICLE v-All of the corporate now
rs OF SAID corporation shall be vested in