New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-10-08
UNITED STATES OF AMERICA.
STATE OF LOU1sIASA.
Parish of Orleans. city of New orlean,

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Be- it known that on this fifth day of the moath of
eight hundred and 81 xty-eight and Of the Indeps.
denee OF the United states Of america the ninety
Public, duly commissioned and sworn in and for the
parish ana city aforesaid. therein residing, and in
undersigned, personally came and appeared the per
sons whose names and capacities are heIeunto sub
srlbed ana set forth, who severdllyidecared that
they or .hoss WON they represent stockholders
OF the Merehsnts Bans. corporation, established
That in coDtormity TO law and 20 the twenty
fourth article ef the Charter or Act of Incorporation
James Robo. passed before T. Charles Cnveer a
said name of Bank of james Robb" was subse
SnSegeG nfS tnat Il & Bank its
Directors q the said Bank adopted at their sitting
hundred and fifty-eight and approved b. over TWO
thirds of the stockholders of said bank at general
and notice required by law, before p Charles Ouyei
ler. Notary Public in this city, the Seventeenth
the Board OF Directors of the said Merchants Bank
| proposed modification, alteration, or amendment
ousy At their sitting Of the sevensen1R dny Of
July, eighteen hundred and sixty eight the resou
which is IN the word and figures following to.wit:
Resoyt d That the stockholders be requested to
call at the Bauking House on Saturday the twenty.
to two o'clock P. NJ to vote: 49,
| capital of the Bank
| . On the propriety of reducing the number of
shares, 10 convert them into shares Of one hun.
| dred dollars $500 each.
| g. On the propriety of increasing the number of
Bank to i've hundred thousand dollars 5000 TO
| be represented by or divided into five Thousand
5000 shares OF one hundred dollars tslOO each.
That the said resolution was submitted 10 gen.
| eral meeting of the stockholders the SAID Bank
alter he time and notice required BY law, and that
at SAID general meeting, they, the said appraisers.
representing and owning i've thousand seven nun.
than t%ofrds IF tie whole lumber gbsh @ e m45e
thousand four hundred and seventy two -s472-
vote upon and approve the said resolution agreeing
!. That the capital Of the said Merchants Bank
and one hundred and sixty dollars, tS25i l6O, its
present figure to one hundred and sixty nine thous
and four hundred and forty dollars 80 440J its
tual value aud that the shares be thereby reduced
from thirty dollars, $3.50, their present figure TO
twenty dollars, SD their actual value.
2 That the number of said shares Of twenty dol.
lars each ca be reduced g as to convert them into
B. That subscription books be opened to increase
ne NUMBER I'm, associates in order % raise the capt
thousand four hundred and forty dollars S169 44O to
I'VE n59dred Thousand dollars $500 TO be repre-
one hundred dollars sl0q each. which said subsorip
adopted ~ The Board Of Directors Of said Bank at
s sReiT sitting ~ 81 the seventeenth dsy Of nv 1888
& gs ten I psr
cent every month thereafter until paid in full.
held on the thirty rst day Of August is the io
loving resolution. whereof certified copy is hereto
annexed, was unanimously ADOPTED 10
Resolved, That whereas the stockholders of this
institution representing and owning over twothirds
the Merchants Bank, TO wit: Five thousand seven
hundred and eightyeight-575S-sh have sub.
l. TO reduce the capital stock from two hundred
ana htty.four thousand one hundred and sixty dol
afs-b254 Lotto one hundred and sixty nine thous.
and four hundred and forty dollars -SI6s 40
z 10 reduce the number Of shares tie convert
them into shares Of one hundred dolars$ l0O-eaeh,
g. To open subscription books to increase the mum.
per OF associates, to raise the capital Of the
bank to five hundred thousand dollars-s5O0 OIO-to
6e represented by or divided ,nte five thousand-
President be and he is hereby authorized to
cause such agreement to be executed recorded
anoe herewith to issue oertfcates Of one n,
hundred dollars (slOO per share TO represent The
holders being entitled to certificate of one hun
dred dollars 500 share for every five shares Of
capital OF one hundred and sixtynne thousand four
hundred and forty dollars tSl69,4iN Of said Mer.
Now, therefore. the said nppearers for themselves,
and those whom they represent and for such Others
come associated with them, do hereby covenant
That the capital of the said Merchants Bank bs
reduced from two hundred and tiity-four thousand
one hundred and sixty dollars 4ie0 its present
huddred and forty dollars SIS It's aStus value
and that the shares be thereby reduced from thirty
dollars $500 their present tgare to twenty dollars
$50, their actual value
That the plumber Of said shares of twenty dol.
lars $50 each be reduced TO convert them into
shares of one hundred dellar, 600 each.
Thet subscription books be opened for the pur.
pose Of ncreas the number of associates in order
to raise the capital of the Bank from one hundred
and sixty nine thousand four hundred and forty
dollars (Slt9 400 to five hundred thousand dollars
lS5OlOOU TO be represented by divided into five
thousand 5000 shares of hundred dollars (SICO
EACH which sad subscriptions, in conformity to law
and to he resolution adopted by the Board Of |
directors of SAID Bank at their sitting Of the seven
teenth Gay OF July 1868 shall be payable as follows
to Wit; Twenty per cent on subscribing or imme,
diatey after, and ten per cent every month there
after until paid in full.
4. That each of the stockholders be entitled 10 a |
certificate of one hundred dollars $500 per share
for every nve shares of twenty dollars $50 each
owned by him in the actual capital of one hundred
and sXtynne thnus and four hundred and forty dol
lars tSlC9, 4i0) of sAit Merchants Bank
s. That the names and respective interest of the
n ha M oil