The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-27
CHARTER OF HIBERNIA SECURITIES
COMPANY, INC.

u
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 seyerally 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 themselves.
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 1.-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 alter at pleasure to
hold, receive lease, purchase and convey
as well as mortgage ana nypOtnecate, 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 it's 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-
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-
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 ice-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 carried on by it are hereby declared
to be:
To engage in the organization, estab-
lishment, floatation and financing of COM
mercial and industrial enterprises in the
State of Louisiana and elsewhere.
| To buy, sell and deal in, for it's 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.
To import and export merchandise and
| merce for its own account and tori as
agent or broker.
To own or charter and operate ships
and other watercrafts.
To act as shipping agents and forward
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 &C.
quire and own the stocks and bonds of
other corporations.
| To guarantee the bonds or other obi
cations of persons, firms, or corporations
and the dividends on stocks Of other cor
poratiOns
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
To do and perform any and all things
and to exercise and enjoy any and all
rights or powers pertinent or incidental
to those hereinbefore specifically desig-
| mated.
| ARTICLE 1V-The capital stock of this
corporation is hereby fixed at one million
dollars $1,0O0,00O), divided as follows:
Six hundred thousand dollars ($6OO OOO)
OF preferred stock represented by six
thousand (6,0OO) shares of the par value
of one hundred dollars ($1OO each. and
Four hundred thousand dollars (s4OO..
WOl OF common stock represented by
forty thousand 10000, shares of the mai
value of ten dollars ($10) each.
The corporation shall be entitled to be.
| GIN business when the respective propor.
shall have been subscribed and paid for
in the manner and to the extent pre-.
scribed by law.
Preferred stock shall be and ia entitled
to preference and priority over the com.
mon stock in the following manner, to-
the rate Of seven per cent (7g,) per an
mum, payable in one or more install
ments as the board of directors may de
sterm1ne. before any dividend on the com
dissolution of the corporation. after all O,
IT'S debts shall have been paid, the re-
naming assets, property and effects shall
pc applied to the payment of the pre-
ieenS stock at par, with any unpaid div
any payment is made to the holders OF
the common stock: the balance remainina
snail then go to the payment of the out
s.andlng common stock pro rata. Tht
earnings and profits in excess of the cum.
uIat1ve dividend of seven per cent per an.
mum: to be paid on the preferred stock rs
|
All or any part Of the preferred stool
as may, from time to time be determined
Dy the board of directors, shall he sinh.
lect to redemption and retirement ont O,
net pr0nts or earned surplus or any
9tner funds authorized by law, on any
Gay on which a dividend thereon shall he
payable at the price Of one hundred and
nve dollars ($105) per share and accrned
aiv1dends, provided that notice of such
| INTENTION shall be published for ten con.
secutive days in a daily newspaper nnh.
nsned In the English language in the CITY
OF New Orleans, State Of Louisiana. III
lrst publication to begin at least fifteen
demption and retirement
II any amount less than the whole n,
tne outstanding preferred stock shall be-
retired, then the retirement shall he on :
pro rata basis so that each stockhoide,
snaii contribute his quota towards IN.
stock to be retired. SN'
The board of directors shall no author
lied in their discretion to issue and die
pose or at par and for cash preferret
STOCK IN lien and place of any preferred
STOCK which may have been previously re-
ueemed or retired in accordance herewith
The preferred stock shall have and on
Joy no voting powers whatsoever.
The amount to which the cap;tal stoc,
OF this corporation may be increased shall
pc the sum of two million dollar
lSzVO0.0OO), which said increased capita
STOCK may be of one or more kinds o.
classes Of stock. '"
ARTICLE v-An of the corporate now
ers of said corporation shall be vested !,
ana exercised by a Board Of Directors 4,
| De composed of not less than fiftoop No