New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-13
UNITED STATES OF AMERICA.
Parish of Orleans. City of New Orleans.

Be it known that on this fifth day of the month of
September. in the year OF our Lord one thousand
eight hundred and sixtyeight, and of the Indepen-
dence Of the United States of America the ninety
third, before me. Gustave LIE Gardeur Jr. a Notary
Public, duly commissioned and sworn, in and for the
parish anu city aforesaid therein residing. and in
the presence of the witnesses hereinafter named and
undersigned, personally came and appeared the per
sons whose names and capacities are eieunto sub.
srbed and setsforth, who seyerally declared that
they or those whom they represent are stockholders
of the Merchants Bank, a corporation established
That in conformity to law and TO the twenty.
fourth article of the Charter Act of Incorporation
James Rob- passed before p Charles CuveIiier, a
Notary Public in this city the Seventeenth day Of
said name Of Bank of James RObb' was subse.
auently changed into that If Merchants Bank, its
present appelation by resolution of the Board of
Directors Of the said Bank. adopted at their sitting
of the Thirteenth day of December, eighteen
hundred and fiftyeight and approved by over two
thirds of the stockholders of said bank at general
meeting Of said stockholders held alter the time
and notice required by law, before r. Charles Ouve
lier Notary Public in this city, the seventeenth
day Of January, eighteen hundred and httyn'ne,
the Board OF Directors of the said Merchants Bank
proposed modification, alteration. or amendment
IN the articles of association by adopting mani.
July, eighteen hundred and sixty eight the resolu.
ton whereof certified copy is hereto annexed and
Resolvt d, rnat the stockholders be requested TO
call at the Banking House on Saturday, the twenty
second day Of August mex, from teo o'clock A NJ,
/. On the proptety Of further reduction of the
capital OF the Bank.
On the propriety of reducing the number of
shares as to convert them into shares of hun
g. On the propriety Of increasing the number of
assocates IN order 20 increase tne oagits Of the
Bank TO hve hundred 'hopssnd dollars $4,000 TO
be represented byor divided into i've Thousand
COCO shares OF one hundred dollars $500 each.
That the saidresolution vas submitted to gen
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
bred and elgnty-eight -51sS- shares-beng more
than thirds of the whole lumber 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 ffty-fopr thous
and one hundred and sixty dollars, CS254, l60j its
present figure, to one hundred and sixtynine thous
and four hundred and forty dollars, IS i69 400 its
tua value, and that the shares be thereby reduced
from thirty dollars, $500 their present figure, to
twenty dollars $500 their actual value.
That the number of said shares OF twenty dol
shares Of one hundred dollqrs lsl00 each. ,,,'0
3. That subscription books be opened to increase
tai OF the Bank from one hundred and sixty, nine
thousand four hundred and forty dollars Sl6e 0 to
five hutdred thousand dollars 1880 co., to be repre-
seated by or divided into five thoussnd shares of
one hundred dollars Sl0U each, which said subscrip-
tions in conformity to law and to the resolution
Their sitting 81 the seventeenth dSy Of Juy 1853
S6 n BE- as aef sn9 S
cent. every month thereafter until paid in iu.
That at meeting Of the said Board Of Directors,
lowing resolution whereof certified copy is hereto
annexed, was unanimously adopted TO wit
Resolved, That whereas the stockholders OF this
institution representing and owning over twothirds
of the whole number OF shares of the capital stock of
hundred and eighty .eight-57s8- have sub.
scr,bed in favor of the agreement;
L. 10 reduce the capital stock from two hundred
and hfty-four thousand one hundred and sixty dol.
laTs-S254 leOto one hundred and sixty nine thous.
and four hundred and forty dollars-Sl69,440.
2 To reduce the number of shares so as convert
them into shares OF one hundred dolars-sloO-each.
8. To open subscription books to increase the mum
berof associates so as to raise the capital of the
be represented by or divided INTO fve thousand
5OC0-shares OF one hundred-Sl0O-each. The
cause such agreement to be executed. recorded
and published according TO law, and in accord.
hundred dollars tslo0, per share to represent lie
capital stock of said institution, each of tine stock
holders being entitled to certificate of hun
dred dol tSl01 per share for every five shares of
twenty dollars $50 each owned by him in the actual
capital of hundred and sixty-nine thousu four
hundred and forty dollars (Slos,4a0 of said Mer.
chants Bank.
and those whom they represent and for such Others
as may hereafter from time TO time be or be-
come associated with them. do hereby covenant,
l. That the Capital OF the said Merchants Bank be
reduced from two hundred and tiits-four thousand
hundred and sixty dollars (s2A i6O its present
figure, one hundred and sixty nine thousand four
and that the shares he thereby reduced from thirty
dollars tS30 their present figure to twenty dollars
$50, their actual value.
2 That the plumber of said shares of twenty dol.
lars $50 each be reduce so as 70 convert them into
shares OF one hundred dellar, 500 each.
8 Th,t subscription books be opened for the pur
pose OF increas ny the number of associates order
to rAis the capital of the Bank from ous hundred
and sixtynipe thousand four hundred and forty
dollars sic aiW to five hundred thousand dollars
$500 900, to be represented by divided into tive
thousand 5000 shares of hundred dollars (SlGO
each; which laid 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 day OF July 1883, shall be payable follows
to wit: Twenty per cent on subscribing or iInme-
diateY after, and ten per cent every month there.
after until paid in full
4. That each OF the stockholders be entitled to a
Of hundred dollars CSl00l per share
for every i've shares of twenty dollars $50 each
owned by MIN in the actual capital of one hundred
and sxtynine thousand four hundred and forty dol.
lars (Si69, 440) OF said Merchants Bank.
S. That the names and respective interest of the
nRrtias q this he q folloXrs. IN wit.