New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-19
UNTED STATES OF AMERICA. !
STATE OF.LOUIsIAxA
Farl.A O. Orlsa... el.y q N,w oman.

Parish of Orleans. city Of New Orleans
Be i known that q shis fifth day OF ssARn6ps
eight hundred and sixty eight and Of ma man
dence OF the United States OF America the ninety
Public, duly commissioned and sworn, in and for TAI
parish ana city Aforesaid therein residing and IN
the presence Of the witnesses hereinafter named and
undersigned, personally came and appeared the Der
sons whose names and capacities are heieunto sub
they or those whom they represent are stocholders
Of the MeTehanfs BANK, a corporation established
fourth article Of the Charter or Act Of
james Robb passed before p Charles cuvsIiier, a
Notary Public in this CITY, the Seventeenth day Ell
said name of Bank Of james. RobbP was subse.
quently changed into that Of Merchants Bank, its
Directors Of the said Bank adopted at their sitting
o. the Thirteenth day of December, eighteen
thirds Of stoeEhOders d SAD bsns At Svse @
mestlng OF 5aid stockholders held alter the time
Ter. Notary Public in this city ON the Seventeenth
gay S 81 January, eighteen hundred and ffty;nine
proposed modification, alteration, or amendment
IN me articles Of association by adopting unani:
T8 n seeE sdsnS Of he day
ton whereof certified copy is hereto annexed and
which Is IN the word, and figures following, to-wit
Resolved, Ihat the stockholders be requested 70
call at the Banking House on Saturday, the twenty
second gay Of august next, from ten O'Clock A. NJ,
to two o'clock L. M. to vote:
|. On the propriety Of further reduction OF the
Z on the propriety of reducing the number of
shares 50 as to convert them into shares of hun
8. On the propriety Of increasing the number of
associates IN order 70 increase the capital Of the
bank TO hye hundred thousand dollars (S500,0I0 to
5000 shares OF one hundred dollars SlOO eacn.
That the said resolution was submitted TO a gem
eral meeting of the stockholders # the said bank
after The time and notice required by law and that
at said general meeting. they, the said appraisers
dred and lightweight -57ss- shares-beng more
than twothirds of the whole number which is eight
thousand four hundred and seventy two -S472-
shares-of the capital stock of the said Bank, did
vote upon and approve the said resolution agreeing
be reduced from Two hundred and fifty-four thous-
and one hundred and sixty dollars ts254 leo, its
and four hundred and forty dollars IS 6 400 its ac-
tual value and that the shares be thereby reduced
twenty dollars, $500 their actual value
2. That the number of said shares Of twenty dol
lars each be reduced so as to convert them into
shares of one hundred dollars $500 each.
5. That subscription books be opened to increase
tai Of the Bank from hundred and sixty s I nine
thousand four hundred and forty dollars $l69 44W to
sehted by or divided into five thousand shares, of
one hundred dollars si00 each which said subscrip-
adopted by the BoGfd Of Directors Of said BSnE az
their sitting Of the seventeenth day Of Ju y, 1885,
on subscribing or Immediately after, and ten per
cent. every month thereafter until paid in iuli
held on the thirty t day Of Ans 3 tee fo
lowing resolution whereof certified copy is hereto
Resolved, That whereas the stockholders Of this
institution representing and owning over two-thirds
Of the whole number of shares of the capital stock of
the Merchants Bank, to witt Five thousand seven
hundred and eighty eght-57ss- have sub
/. TO reduce the capital stock from two hundred
and hfty-four thousand one hundred and sixty dol.
and four hundred and forty dollars sl6s, 40.
2 To reduce the number of shares so as &c convert
them into shares Of one hundred doars-Si0 0-each,
8. To open subscription books to increase the num-
bank to five hundred thousand dollars 6ooNto
be represented by or divided INTO five thousand
President be and he is hereby authorized to
cause such agreement TO be executed, recorded
and published according to law. and in accord
hundred dollars l$l0c1 per share to represent ne
holders being entitled to certificate Of one nun
dred dollars Slg per share for every i've shares OF
twenty dollars 1920 each, owned by him in the actual
capital of one hum and siItynne thousand four
hundred and forty dollars lSl6s,44W OF said Ner-
Now, therefore The said appearers for themselves,
and those whom they represent and for such others
come associated with them, do hereby covenant,
l. That the capital Of the said Merchants Bank be
reduced from two hundred and filty.four thousand
one hundred and sixty doars CS2j4 l60 its present
huddred and forty dollars tsl69 a4 it's actual value
and that the shares be thereby reduced from thirty
dollars $50, their present figure, to twenty dollars
$50, their actual value.
2 That the humber Of ,said shares of twenty dol
lars $50 each be reduced to convert them into
shares of one hundred dellart 500 each.
That subscription books be opened for the pur-
pose of increasing the number of associates in order
TO raj, Q the capital Of the Bank from one hundred
and sixty:nine thousand four bundled and forty
dollars (Sle9 $40 to i've hundred thousand dollars
($5O0OOQ, TO be represented by divided into five
thousand 900 shares Of one hundred dollars IS 100
each; which sad subscriptions in conformity TO law
and to he resolution adopted by the Board Of
Directors Of SAID Bank their sitting OF the seven
teen!h day of July 1893 shall be payable as follows
TO wit: Twenty per cent on subscribing or imme.
diately after, and ten per cent every month there
after until paid in full.
4. That each of the stockholders be entitled to a
certificate Of one hundred dollars (Sl00l per share
for every i've shares of twenty dollars $50 each
owned by MIN in the actual capital of one hundred
and sixty-nne Thousand four hundred and forty dol
lars tSIG9, 400 of said Merchants Bank.
as That the names and respective interest Of the
parties TO this act be as follows, to wit: