New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-02
O0RP0RATI0NS.

I, 80, STATE OF LoU1s1Ax.
Parish Of Orleans. City Of New Orlasns.
y Belt known, that ON this second dsy Of April
. The year Of our Lord one thoasend eight bune
aad seventy, and Of the Indspesdepee Of the Uni
Of .S' o q
tie psrsh of Orleans, rtsts Of Lea;ssns. duly O.
mi.ionsd and ousiinsd. and IN the presence Of
sensl!y came ssd appeared. Patrick !r~ln. Arc
q bald nontgonery, laugh neUlcekey. A6sm Ene
TSS3s: ..a Ba9Rs
9 liam Hart, Nicholas Burke and Thomas Gilmore.
this city, and the parties whose names are hsrsur
. Who declared that svsiipe themselves Of the p
visions Of the act entitled IAN Act relative 70 bsnI
n shs Staes Of ana The
Auditor and Treasurer. in relation thereto. apprt
cd on the fourteenth day at March. 1870 they 2.
ths%s:vss. and those they ssp1sssnt. to form shs'
selves into and constitute An association Or corpo
asd. and under The stpustions following. to Nc
81 ARTICLE
ne aIs SsR BASx Of new ORLEANS Ms
ARTICLE H.
This association is formed for period of twsnt
years.
The object of this association 10 to carry on Il
business OF banking BY disconnting bills. notes m
and selling gold and silver coin. bullion bills Of Q,
cnange, real estate, loaripg money on real and De
oOHnl eeCuIlVy duu 10 exercise all ca lnClQ0u Z,
powers as now are or may be hsreaft or authorize
by Jaw.
The place Of business and legal domicil of sal
ASSOCIATION shall be the city of New Orleans
ARTICLE
The capital stock Of this as.ocation sh all be tiv
hundred Thousand dollars (S50O. OoN. divided int
fine Thousand shares of one hundred dollars Is IOC
each, ten per cent of which shall be psysble at tn
thereafter until the Whole is paid up. 'n'''S Gay
Should any subscriber Deglect to pay punctuall,
or shares as they fal! due. the subscriber shall b.
charged interest at he rate OF eight per cent PEI
Any subscriber neslectins or refusing to nav III.
instalmsnt or nstallpents within The delay of nine
" days after the time fixed for the ,msnt ct the
rectors after thirty days notice. shall declare thu
same forfeited to the Bank, including ali previous
The capital stock of this Association may here
after be increased 70 any sum not ezceeding one
hundred dollsrs SlO0 each, Whenever sech increase
shall be authorized by twothirds Of the stockhoid-
en-. spd provided thirty Days NOTICE Of the same
shall have been given in two newspapers published
in the city Of New Orleans within which time stock.
holders shall have the privilege Of taking additional
BY them respectively.
h r. e. the Of said time
than par for the benefit of the association.
ARTICLE VI
This association shall commence operation after
the Of the second instament OF the capita!
thousand dollars lSlO0. COCO are paid In. -
ARTICLE VII.
Tbs devices and seal Of the association shall be an
IRISH harp with Hibssnia Bank Of New Orleans en-.
All powers Of the Association shall be vested in a
DoSro OF directors consisting Of twelve persons
eacn OF whom shall 81 al times hold in his own
right as least twenty 20 shsres Of the stock Of
this association.
ARTICLE TX
Or the third Monday Of January. 1871, and an.
stockholders shall be he'd at the banking house of
The association.
A, majority OF votes then and there given shah
Previous notice of at least thirty (3o days OF said
.ection shall De gwen in at least two newspapers
ARTICLE X.
ne following nsmed persons are hereby chosen |
md shall compose the first Board OF Directors to
ao1 tss BY the new boaTa
ratr,ck Irwin. Archibald Montgomery, J
TSom.s SoKsSn. SSnn asn sitz%i1i;.
Edward Burke. william Hart,
Nichohs Burke. Thomas Gilmore.
ARTICLE XII.
,g. elect of their members to DO PRESIDENT and
ne to be wee president Of the association.
frovlded, SAD president and vice president re-
hole board. ' Va WAC
All citations or other legal process shall be served
az president OF IN MS absence, on the vice
The duty of the president shall be to preside At
ability to presioe the president shall pTesde
I'd in case of his absence or inability to act, the
o temoIe. who shall. for the time being, e1erc Sc
o fuN powers OF the president or vice presldenf. |
ARTICLE XII.
The number of directors necessary for discountinz
Ard cbssiv lie |
q Tor the transaction Of general business, shall |
determined by the bylaws OF the association.
ARTICLE XIII.
The Board of Directors shall have full power to
ne oy appoint all orncers OF this association,
7 hat said appointments be made annually. and
10 SUBJECT TO removal at the pleasure Of the
hey shall +. the security to be given By the
hey may also change the by laws whenever the
crest 81, OF the Association demand it, and appoint
ants within and out Of the State, under rules be
ne Board OF Directors, alter paying all the expen
OF the association SHALL twice oftener, in each
!. the prodts ct the business Justify it, declare
pay such dividends out OF said profits as they
office of the same shall be published in at least a
newspapers published in the city of New Or J
ARTICLE XIV.
he Board of Directors shall have power to fill say
ancy tn2t may occur IN the board. N
ARTICLE XVI
acancies in the Board of Directors NAV Ia ds \ u
cd in consequence Of death, re sig patton defaca.
!. insolvency or absence without leave tor ninety
secutlve days.
ARTICLE XVII.
very tranfer of any share or shares of cnn;,.I |
shall be made on the books OF the association q
shall be signed by the shareholder or his At, ot
eys Dut no stakeholder shall have the ripht IN ~
sfer his stock unless his matured Obligations to %
Oank are paid CT secured
ARTICLE XVIII
70 board OF Directors msy close the transfer j
As often as convenience may require but for no tn
or than ten consecutive days at any 6ne time IA
ARTICLE XIX nns
certificate of stock shall be issued unless all the
ailments have been paid in full .
ARTICLE Xxx.
2 fs.ure from any cause, to elect directors on
not dissolve the association.
directors then in Office all hold over but it NJ
% tneif outy TO appoint another day TOR such |
ZOE, notice OF which shall be given as provided u
'tlcle nine, until the election shall have been Is
ARTICLE XXI. t 1 1ro
n shareholder shall be entitled directly or nv No.
at all elections for directors or On any mat, er
meellng OF the stockholders, TO one vote upon Q
share. provided no stock holder shall vote in his
name anne over one QlN hundred votes. and pro- y
q the stock at least three months previous to -
ARTICLE XXI. n,
VI uiIectOrS OF aS5Oc1ntIOn shall | L
ballot and conducted by three inspectors to be to
ntea oy the board, at least one week prior to Thu
lection No two partners shsu be elig bic at | Of
me time, directors Of this bank, nor sha | tn
ot OF any other bank, or his partner, be Q al the
VI tols OanA. bet
ARTICLE XIII DIS
,.ior;,, NJ oil .b a;.o.. gro,
aity accept any additional power or privilege | CO
~ n,endrs 10 LII On tnls association. nate
"a ~ hr a Eli aneea tne act oy wnlcn It was Ono
4 ~ go a.t;s,i 10" @oC VI enactnent, ana may tna
ION "a aons " oesoclatlon put the nnal from
v;Iaea. sn1 G.spco oI suca 1ooitionai power Che
manner provided by law. 20
ARTICLE XIV. iel
president and cashier shall sign ali coutracts
certificates of stock and eyidences ~ daSt ". | Mr
nj, Va WV Va |