The herald., 1919-12-04
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 on
Lord one thousand nine hundred and nine
teen, and Of the Independence of tn
United States of America the one hundre
and ty-fOurth, before me, Alfred Charlie
Hammer, Notary Public, duly commits
stoned, sworn and qualified, in and for tn
Parish of Orleans, State of LOuisians
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 tn.
! laws of the State of Louisiana in suci
| cases made and provided, they have GOV
enanted and agreed and do by these pres
| ents covenant, agree and bind them selves
| 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.
ton shall be "Hibernia Securities Com.
| pany, Inc" and under it's said corporate
| name II shall have power and authority ia
| 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 ms
corporal end incOrp0rea1; 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.
duet. management and regulation of the
affairs OF said corporation as may De nee
| 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: e'
To engage in the organization. estab-
nshment, floatation and financing of com
mereial and industrial enterprises in the
State of Louisiana and elsewhere.
10 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
sonai property, leases, mortgages, stocks.
bonds, debentures notes, drafts and other
securities or evidences of debt
10 import and export merchandise and
10 engage In foreign and domestic COM
mefce Tor its own account and (or) as
agent or broker.
To own or charter and operate sbips
and other watercrafts.
10 act as shipping agents and forward
TO own or lease and operate public and
private warehouses and to accent and deal
alp a. pills OF exchange or other evidences Of
u ueDs REPRESENTING a; loans or advances on
merchandise In warehouse or in transit.
70 subscribe to and (or) otherwise ac-
qufre and own the stocks and bonds of
other corporations. VI
To guarantee the bonds or other obIi.
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
law; and W
To do and perform any and all things
ana TO exercise and enjoy any and All
rights or powers pertinent or incidental
" tsose hereinbefore specifically desig-
ARTICLE Iv--The CAPITAL stock ~ this
corporation is hereby fixed at one million
collars &1,OO0000), divided as follows.
SIX hundred thousand dollars ($6O0. oO0)
OF preferred stock represented by six
thousand 10000 shares of the par value
OF one hundred dollars ($100) each, and
ooa rour hundred thousand dollars ($4OO,-
W. OF common stock represented by
forty thousand f40.00O) shares Of the mar
Vaiue or ten dollars ($10) each.
The corporation shall be entitled To he.
gin business when the respective propor-
IONS or its preferred and common stock
shall have been subscribed and maid for
IN the manner and to the extent nre'
scribed by law. p'e
Pferefred stock shall be and is entitled
10 preference and priority over the COM
mon stock In the following manner 70.
Wit: 70 receive cumulative dividends at
mum. payable in one or more install
ments as the board of directors NAV 40.
termine. before any dividend on the com
d MSn STOCK shall be paid and, upon the
Its debts shall have been Maid the r "a.
naming assets, property and effects shall
pc applied to the payment Of The nraI
,s stock at par, with any unpaid div.
s Ir1u n. denominations thereon and before
the common stock: the balance REMAINING
snaI tnen go to the payment of tho ont,
standlng common stock pro rata. The
common stock shall be entitled to all net
uIative dividend Of seven per cent ner am
num; 70 be paid on the preferred STOCK a,
hereln provided. no
All or any part Of the preferred stoct
as may, from time to time, be 'determined
Dy the board OF directors. shall he anh.
yect TO redemption and retirement ont ~
nsS prohts or earned surplus, or any
otner FUNDS authorized BY law on snyy
Jay on which a dividend thereon shaIi no
payable; at the price Of one hundred and
I'VE doIiars ($105) per share and accrnaJ
eividcnds, provided that notice ~ suoh
intentlon shall be published for ten con'
secutive days In a daily newspaper nnh.
nsnsd IN the English language in the civ
OF New Orleans, State Of Louisians. ths
aa . puDncation to begin at least fifteen
gays before the date Of said pronosed ra'
oemption and retirement.
II any amount less than tha xvh.,. =.
the. outstanding preferred STOCK shall Sa
retired, then the retirement shall he IN :
pIo rata basis so that each stockhoIder
snan contribute his quota Towards En-.
stock to be retired. inc
Inc board Of directors shall no autbor-
ized In their discretion to issue and dis
pose OF az par and for cash preferrao
STOCK IN Hen and place of any preferred
s sn which may have been previously re-
ueemeo or retired in accordance herewith.
The preferred stock shall have Nnd on.
Joy no voting powers whatsoever.
Inc amount to which the capital stock
y. TINS corporation may be increa sed shan
1 zee the sum of two million dojIsrs
s %tc,y,vOVD, which said increased capital
Gle ssa. may pe OF one or more kinds or
ARTICLE v-All Of the corporate pov.
ers OF SAID corporation shall be vested In
h hnu eAercised by Board Of Directors 10
oe composed of not less than fifteen ncr
more than thirtv sfocLh 49, uOt