The herald., 1919-11-13
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 them selves
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
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 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 end incorporeal: to own and hold
stocks and bonds of other corporations; to
name and appoint such managers, agents,
directors and officers as its 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 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-
tions or other legal process shall be
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 DUR
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
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 Tor Its own account and tori as
agent or broker.
To own or charter and operate ships
and other watercrafts.
10 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-
cure and own the stocks and bonds of
other corporations.
To guarantee the bonds or other obIi
cations of persons, firms, or corporations.
and the dividends on stocks of other cor
operations.
TO 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 W
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
collars $1,OOOOOO, divided as follows:
SIX hundred thousand dollars $500 OOOl
| or preferred stock represented by six
| thousand (6O00) shares of the par yaIue
OF one hundred dollars (S1OO) each, and
-Four hundred thousand dollars (s4OO. .
1ool OF common stock represented BY
IolIy tnousand t4O.OOOl shares of the par
vaiue OF ten dollars (S10) each.
| The corporation shall be entitled IN no.
GIN business when the respective propor-
tions OF Its preferred and common stock
shall have been subscribed and maid for
IN the manner and to the extent pre-
Preferred stock shall be and is entitled
10 preference and priority over the COM
mon STOCK In the following manner. TO-
VIII: To receive cumulative dividends at
lne rate OF seven per cent (70o) per an
mu,,. payable In one or more INSTALL
mehts as the board of directors NAV de-
| termine. before any dividend on the com
mon stock shall be paid and unon tbe
ulssoiut1on of the corporation. after all of
rs,n deots shall have been paid the re-
be applied to the payment of tbe nral
ierred stock at par. with any unpaid div
ldend accumulations thereon and before
a ahy payment is made to the holders of
snail then go to the payment of tho ont'
standing common stock pro rata The
common stock shall be entitled to an net
earnings and profits in excess of the cum.
mum, to be paid on the. preferred stoct %
| herein provided ''oeA as
All or any part of the preferred stock
as may, from time to time, be determined
Dy the board of directors. shall he snh-
Ject 70 redemption and retirement out Of
net pronts or earned surplus or any
other FUNDS authorized by law. on any
day on which dividend thereon shall he
payable. at the price of one hundred and
nve dollars (S105) per share and accrneJ
elVldends, provided that notice Of snch
,neen.lon shall be published for ten con-
sSeIutiVe Gays In daily newspaper puh
n ne IN the English language in the City
/ OF New Orleans, State of Touisiane tha
first publication to begin at least 6f,o one
Gays before the date of said PROMISED 10
demption and retirement
II any amount less than the whole Of
retired, then the retirement shall he On q
pro rata basis so that each stockhojder
snail contribute his quota towards a.
stock to be retired. the
The board of directors shall be autbor
lied In their discretion to issue and dys
pose of at par and for cash nrefarrac
STOCK IN lien and place of any preferred
SOCK which may have been previously re-
ueemed' or retired in accordance herewith
The preferred stock shall have and ON
JOY no voting powers whatsoever.
Inc amount to which the capital stock
y 'hls corporation may be increased shall
De the sum of two million doIIars
Cs2Oco,OO0), which said Increased can;taI
STOCK may be of one or more kinds o.
classes Of stock. vi
ARTICLE V-All of the corporate now
e ers Oh sald corporation shall be vested in
b ha exercised by Board of Directors to