The herald., 1920-02-12
CHARTERS.
issory notes, bills of exchange, warrants
and other negotiable or transferable In

ana other negOtiaDle OF transterauie IN
struments.
eral trust notes, participation certificates
or other obligations Of this corporation
from time to time for any Of the objects
or purposes of the corporation, and to Sc
cure the same by mortgage, pledge deed
of trust or otherwise.
ca To maintain an auditing, account
ing. credit, collection, financial and legal
department.
Isl To act as agent for insurance COM
panies in soliciting and receiving applea
lions for fire. theft, conversion. collision,
casualty, plate glass, boiler, elevator, ac-
cident, health. burglary, rent, marine.
credit, and life insurance, and all other
kinds of insurance, the collection OF prem
iums, and doing such other bushes as
may be delegated to agents by such CON-
panies. and to conduct a general insur>
ance agency and insurance brokerage busi-
ness, and to act as agent for those de-
string to procure insurance.
90 To manufacture, purchase or other
wise acquire, to hold, own, SELL assign,
transfer. mortgage, pledge, exchange, use.
lease, rent or otherwise dispose of. to in
| vest, trade deal in and deal with goods,
| wares and merchandise and real and per-
| scription. and in particular lands. build
| ings. machinery, merchandise. business
concerns and undertakings. notes, mort
cages, guarantees, shares, stocks, bonds,
/
| policies, and any interest In real or per
| sonal property and any claim against
such property or against any person or
| company, and to carry on any business,
| concern or undertaking so acquired.
| UO) To acquire the good will, rights
| and property, and to take over the whole
or any part Of the assets and liabilities,
] of any person, firm, association, or cor
4 poration, and to pay for the same in cash.
stock or bonds of this corporation or
| otherwise.
I'D To buy or otherwise acquire hold.
own, use, sell, assign, invest or trade in,
mortgage, pledge. lease, grant licenses IL,
| respect Of, or otherwise dispose of Letters
Patent of the United States or any for
| eign country, patents, patent rights, IL
censes and pledges. inventions. improve
ments, and processes. formulate. trade
marks and trade names, relating to or
| useful in connection with any business of
this or any other corporation, person,
firm or association.
12) To enter into, make. perform and
carry out contracts Of every kind for
any lawful purpose. without limit as 10
! the amount with any person. hrm, asso-
citation or corporation. To pay any obliga'
tion of this corporation in cash, stock
bonds collateral trust notes. participation
certificates, or any other obligation of this
corporation, or with real or personal prop
erty.
13) To purchase or otherwise acquire
lcapltal stock, as and when permitted by
law.
| 1i To heve one or more Offices Il
carry on all or any of its operations and
business. without restriction or limit al
to amount, to purchase or otherwise ac
quire, hold, own, use. rent, trade in, lease
mortgage, sell. convey, transfer or other
wise dispose OF real and personal prop
erty Of every class and description in an,
of the states, districts. territories or col
II Autn 49, h.. tfaA or nd In a NJ
all foreign countries, subject to the law,
Of such state, district, territory. colon!
or country.
Q5) The aforegoing clauses shall b,
construed both as objects and powers ant
it, Is hereby expressly provided that tn,
foregoing enumeration Of specific power
,, shall not be held to limit or restrict IL
any manner the powers Of this corpora
tion.
(16) In general, to carry on any othe
business In connection with the foregoing
whether manufacturing or otherwise, ant
TO have and to exercise all the powers con
| ferred by the laws of Louisiana upon cor
porations.
, ARTICLE Iv.-The capital stock Of thi
: corporation is hereby fixed at seven hun
e dred and fifty thousand dollars ($750, 900
{ divided as follows:
Three hundred and seventy five thous
and dollars ($3I5. 0OO Of preferred stoc
1 represented by three thousand seven hun
dred and fifty (3.750) shares of the pa
: value Of one hundred dollars ($l0o) each
! and
Three hundred and seventy five thousan
dollars ($375, 000) Of common stock rep
resented by three thousand, seven hun
: dred and fifty $3.50 shares Of the pa
Q value Of one hundred dollars ($100l each
q all Of said capital stock to be full pal
q and worcestershire.
Z Separate and distinct certificates sha
Q be issued for each class of stock. Sal
o stock shall be paid for in cash, at sue
e time, in such amounts and after sue
. by the board of directors, and the sam
= may be issued at not less than par 70
8 labor done and property actually receive
d by the corporation.
! The corporation shall not become n II
!. ing concern and be authorized to do bus
. ness until the full amount Of its capiti
!, stock, to-wit. $750.000. shall have been sui
y seribed and paid for.
r. Preferred stock shall be and Is entitle
/ to preference and priority over comma
n stock in the following manner, to-wit I
receive cumulative dividends at the RAJ
, ing from February l. 1920. payable in OF
a or more installments as the Board Of ID
d rectors may determine, before any div
, dend on the common stock shall be PAL
D. whether voluntary or Involuntary, after a
v Of its debts shall have been paid, the r
naming assets, property and effects sha
P be applied to the payment Of the preferrt
P stock at par, with any unpaid dividen
"a accumulations thereon and before any pa.
"a ment Is made to the holders of the con
mon stock; the balance then remainiI
p shall be divided among and paid to Il
=. holders Of the outstanding common stot
n loro rata. The common stock shall be el
!, Titled to all net earnings and profits
4 excess of the cumulative dividend Of sevs
h per cent (7 per annum to be paid on Il
,r preferred stock, as herein provided, b.
" no more than six per cent (6) dividend
A. any one year shall be paid upon the cor
"a mon stock unless and until after the pa,
A. ment thereof, there shall remain su
In plus equal to fifty per cent (J0) Of Il
al par value of the then outstanding pr
" ferred stock in which event dividends
:. excess Of six per cent per annum may
Is paid upon the common stock.
t. The Board Of Directors shall have n
Of power and authority to redeem and reti
IS, the whole or any part of the preferr
r stock, on any day ON which divideI
Of thereon shall be payable, by paying to q
s. holders thereof one hundred and ten dolla
In ($110) per share and accumulated di,
a. dends. provided that notice Of such 1
Is, tention be published for ten (10) CO
~ lished in the English language in {
IN City of New Orleans, State Of Louisiar
e. the first publication to begin at lea
as fifteen 15) days before the date Of su
~ proposed redemption and retirement; an
K, after the time fixed for such redemptiC
r. dividends upon stock so redeemed or
of called for redemption shall cease to accrl
a II any amount less than the whole Of I
n outstanding preferred stock shall be