The herald., 1919-10-09
CHARTER OF GGINS-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 lhlrteth
day Of the month of September in the year
of our Lord nineteen hundred and nineteen;
and of the independence the United
States of America the one hundred and forty
fourth before me, Allan Raymond Beary, a
duly qualified Notary Public in and Tor the
city, parish and state aforesaid, and IN the
presence of the hereinafter named and I'M
dersigned witnesses, personally came ana aP-
peared the persons subscribing hereto, who
declared that availing themselves OF the
constitution and laws of this State relative
to the organization of corporations they nave
covenanted and agreed and do by these pre-
SCENTS agree and bind themselves, their sue
cessors and assigns and such other persons as
NAV hereafter become associated with them,
10 form and to constitute a corporation un-
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 Tor IN
surance companies, located in this city, or
elsewhere, doing Fire, Lie Accident ana
Health Compensation, Burglary, Casualty
Marine Liability, Automobile Insurance, and
any other forms of insurance authorized by
law to be carried in the State OF Loulsl-
ana or any of the United States; and gener.
ally to enjoy and exercise all the rights ana
immunities permitted or granted by law to
such corporations, and necessary or lnclden-
tai to its business.
ARTICLE III.-The capital stock of
this corporation is hereby fixed at the sum
of Fifteen Thousand ($l5,0O0) Dollars, divid-
ed into fifteen hundred Q.5OO) shares OF
the par value of Ten $50 Dollars per
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
value through the Board of Directors to
the other stockholders, who shall have the
first right to its purchase TOR 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 cor
Doration is fixed in New Orleans, Louisi-
ana. Citation shall be served the Presi-
dent. in his absence on the Vice president
in the absence of both, on the Secretary
Treasurer, if one officer; il 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 ninety-Dlne years
| from the date of this charter; to sue and t
| be sued in any court OF competent Jurls
| diction; to make and use a common sea
and alter the same at pleasure; 10 &C
quire property, real personal and mixed
| in and out of the State OF Louisiana, by
grant, gift, purchase, devise or bequesr
| to lease, hold and to dispose of, and Il
mortgage and pledge the same; to appoIn
| such officers and agents as the busine:
of the corporation may require; 70 Tx 'nei,
compensation and to dismiss them at 1T
pleasure; to increase or diminish its capi
tai stock; to make bylaws not inconSis
| tent with any existing law, fixing or al
tering the management of its property, th'
| regulation and government OF 1t affairs
| and the manner of the certification and re
gistration of its stock; to acquire and hole
| stock in other corporations, and II desirable
| to issue its stock in payment for capita
stock in other corporations, and to sell
| hypothecate or pledge such stock to acqulr'
its own stock by purchase or otherwise ant
| TO dispose of or retire same, provided tina
the capital stock of this corporation shall
not be diminished below the amount pro
vided by law: TO conduct business in thl
State, other states, the Federal Districts
the Territories and possessions of the Unite'
States and in foreign countries: to wine
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 power
| of this corporation shall be vested in ant
exercised by Board of Directors to be com
posed of seven stockholders, each OF whom
| shall own in his own right not less than on
full paid and unpledged share of stock, I
be selected by the stockholders annual.
beginning at the annual meeting of 1921
| The Board of Directors shall at their frs
meeting after the annual election, elect fror