New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-12
UNITED STATES OF AMERICA
srATEo F LouEsIANA
Parish or Orleans. CITY of New Orr,

Be # known that on this Aftf day of the NM.
September. in the year of our Lord one tbonn
denee Of the United States Of America ths aloeD
tnlro. before me, Gustave lie Gardeur, Jr Nant
tungc, duly commissioned aud sworn, in and ~
PARISH ana city Aforesaid. therein residing ~ I
the presence Of the witnesses hereinafter nsn.s
undersigned, pei sonally came and appeared ISo
seribed and setIforth who overwhelmingly
they or those whom they represent are stockbslr
Of the Merchants Bank, a corporation estAbEtea
under the laws Of this State, and located in MI!
That in conformity to law and to TIA ,na
fourth article OF the Charter or Act Of
q 2 the s ana Bsnk 1nder the name Of ban
Notary Public in this city on the Seventeen N "
November eighteen hundred and fifty.sevenu n "
qusntly changed into that Of Merchants .. 20
present appelation by resolntien Of the RI
Directors Of the said Bank, adopted at their s.,
hundred and fiity.eight and approved i, n slshs
thirds OF The stockholders of said bank al ~
meeting Of sid ssoekholders held after H. !;
ana notice required by law, before r. Charles n
her. Notary Public in this city on the sevsr,Sn +
day of January, eighteen hundred and fflSs'sss
the Board OF Directors of the said Merchant y
proposed modification alteration. or arnasI y
mously, st their sitting Of the SeventeentSS "a Si
tion. whereof certified copy is hereto auneys ~
which is IN the words and figures following y
Resolved, mat the stoekholderS bs reqaestss
VII fupe.M
second day of August next, from tea o'coots ",
to two o'clock P. M. to vote:
/ On ne prSepriety of further reduction Of,
q. On the propriety of reducing the nunh..
shares, SO as TO convert them into shares OF onSs
3. On the proprety of increasing the nurnh.. 4
Assoelates, IN order 20 increase the capital N l
Bank to i've hundred thousand dollars (S50o6d
be renresented by or divided into five tnnns,
5000 shares Of one hundred dollars ($loOJ eacS
That the said resolution was submitted n I. Il
eral meeting OF the stockholders the said Nj
at said general meeting. they, the said apn-s,.I
representing and owning i've thousand seven N
bred and lightweight --57ss- shares--bsinsn ~
than two. thirds Of the whole plumber which ,s
thousand four hundred and seventy two IN
shares-ot the capital stock Of the said Bank l.
l. That the capital Of the said Merchant ~
DC reduced from two hundred and ffty.four M
and one sh hundred and sixty dollars, ts25ll6o,
and four hundred and forty dollars Isl 6g al, ~
tual value, and that the shares be thereby redsF
from thirty dollars $50 their present isSts
twenty dollars, t$20l their actual value. sIis
2. That the number Of said shares of twent,
lars each be reduced so as to convert them N
shares of one hundred dollars ($I0W each.
3. That subscription books be opened to ine,sN
the number of associates in order to raise the III
thousand four hundred and forty dollars tsise sSN
five uodred thousand dollars $500 0OOJ 10 he ps
seated by OF divided into ave Thousand sbsre,A
tions in conformity to law and 10 tbe rssoIn
adopted by the Board Of Directors of said ROns
Their sitting Of the seventeenth day Of july,
on subscribing or immediately after. anS tss VI
cent every month thereafter until paid IN mn
9S. az ,bs m ISieY Of the s1id Board y
lowing resolution. whereof certified copy Is bs.l
annexed, vas unanimously adopted TO vii:
Resolved, That whereas the STOCKHOLDERS NJ III
Institution representing and owning over tyynthiN
Of the whole number of shares OF the capitsI go
the MERCHANTS Bank, to wit: Five thousand SsTl
hundred and eighty eight-57ss-s shares, have M
scribed in favor of the agreement
], To reduce the capital stock from two hundrIl
ana nt5y;f gu thousand one hundred and sixty 1
and four hundred and forty dollars Sl6e 4lO
z. To reduce the number Of shares so as ts cnn,l
them into shares OF one hundred dollars-slOO-esf
3. To open subscription books to increase the nv
per Of associates, SO as to raise the capita Of II
oank TO hve hundred thousand dollars,-Sgn l1-H
be represented by or divided into FIVE thousasA
19u0-snares OF one hundred-Sl01 each n
p tISsn mt, be and he is hereby authorized
and publ shed according to law. and in aeca
capital stock OF SAID institution, each Of the WI
holders being entitled to a certificate of one Nh
dred ool lars Sl9W per share for every five sharss
twenty dollars go each, owned by him in the acflN
capital Of one hundred and sixty. nine thousand n
hundred and forty dollars tslo9, 4lO) OF said III
Now, therefore the said appearers for thenselvH
and those whom they represent and for such NJ
h are or may hereafter from time to time NJ or n
,ome associated with them. do Hereby covenaN
consent and agree:
!. That the capital OF the said Merchants RanlE
reduced from two hundred and fiity-four tbopSH
,pe hundred and sixty dollars (S2,4, i60 its pres
lgure TO one hundred and sixty-nins thousand NJ
luddred and forty dollars $3.50 400 its actusi MI
Ind that the shares be thereby reduced from AMI
dollars $50, their present figure to twenty doIk
800, their actual value.
2. That the number of said shares of twenty n
ars $50 each be reduced so as TO convert them n
hares Of one hundred dsllars 500 each.
Thst subscription books be opened for the n
'ose of increasing the number of associates in An
o raise the capital Of tine Bank from one hnndT
nd sixty-ntpe thousand four hundred ana III
dollars tSl69 40 to five hundred thousand DOLL
t5O0C11)l 70 be represented by or divided into n
thousand $4,000 shares of one hundred dollars (sIN
ach; which said subscriptions in conformity to III
nd 70 the resolution adopted by the Board Il
directors of SAID Bank at their sitting Of ne sey
zenith day OF Jny, 1868, shall be payable az follo1
Q wit; IweEty per cent on subscribing or ilpuI
lately after. and ten per cent every month the
tier until paid in full.
d, That each of the stockholders be entitled N
ertihoate OF one hundred dollars tSlO0j per m
Dr. every i've shares of twenty dollars tslO I'D
wned by him in the actual capital of one huud-E
nd sixty,nine thousand four hundred and iorty n
.rs l$le9, 400 of said MsrchAnts' Bank
%. That the names and respective interest Of N
aIties to this act be as follows 10 wit