New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-03
CORPORATIONS.
Oh AFTER.
STATE OF LOUISIANA,
Parish of Orleans, City Of New OrLAans.

| A9SiSA VI VIieAuss lily VI NEW OIloAne.
Be it known, that on this second day of April. j
and seventy, and Of the Indepepd Of the Unite
william Joseph CasteIi a notary public. in and 70
the parish OF Orleans, state of Louisiana duly com
witnesses hsreS after named. and undersigned. pei
s .sd Fek ADAM
son. EG~.rd Cons.y John HsndsrsSn. Thomas Nc
kenps. Thomas Fitz william. sdward Burke w
this city and the parties whose names are hereunt
Who declared that, availipg themselves Of the pro
visions of the act entitled IAN Act relative to banks
the estab ishment of general system Of Free Bank
ing, in the state of Louisiana, and the duties o
ed on the fourteenth day Of March. 1870 they nav
agsssd and Dc y these presents agree ;or and bin
selves INTO and constitute an association or corpor
alton for the objects and purposes hereinafter spec
| ARTICLE
the HIBERNIA BANK OF NEW ORLEANS.
ARTICLE IL.
This association is formed for period of twenty
years.
The object of this association is to carry on the
business Of banking by discounting bills no ano
and selling gold and silver com. bullion bills Of ex
change, real estate loanlLg money on real ano per
| powers now are or may BIS hereafter authorized
| by Jaw.
| AKIlCLL ~.
The place Of business and legal domicl of said
| association shall be the city CT New orleans.
| ARTICLE V.
The caotsI stock CT this association sh all be five
hundred Thousand dollars $500. 600, divided int1
fine thousand shares of hundred dollars Is C0
each ten per cent OF winch snai be payable at the
| thereafter until the Whole is paid up.
sesss, to pay
or shares, they tall due, the subscriber sha be
charged interest at ne rate OF eight per cent per
annum Iherefrom till paid.
| Any subscriber neglectirg or refusing to pay the
instalmsnt or instsments within he delay of nine.
~ days after the time fix cd for the payment of the
and in the manner aforesaid, the Board Of Di.
rectors after thirty days notice. shall declare toe
payments that may have been made thereon
The capital stock OF this Association may here
milton oe
hundred dollars Sl0U each, henever sach increase
shall be authorized by twothtds Of the stockhoId-
shall have been given in two newspapers publ shed
10 the city Of New Orleans yithin which time stock
shares in proportion to the mum Der OF shares held
by then respectively.
may be sold by the Board of Directors at not less
than par for the benefit OF the association.
ARTICLE VI
This association shall commence operation after
stock by the shareholders, or when one hundred
thousand dollars $500 0oeN are paid IN.
ARTICLE VII.
The device and seal Of the association sha'! be
Irish harp with Hibernia Bank OF New Orleans en-.
graved around it.
ARTICLE VIII.
All powers of the Association shall be vested in a
board OF directors. consisting OF twelve persons,
each of whom shah at all tones hold in his own
right at least twenty-five 5 shares of the stock of
this association.
ARTICLE
On the third Monday of January, 1871, and an
fhoYaRfIpr n n directors nv
stockholders shall be he'd at the banking house OF
the association.
elect.
Previous notice of at least thirty 800 days of said
published IN New Orleans.
ARTICLE X.
and shall compose the first Board of ir.ctors, to
serve until SUPERSEDED by the new board. to be
elected en- the third Moe day of January, 1871:
Patrick Irwin. Archibald Montgomery,
Hugh McCloskey, Adam Thomson,
Edward Conery. John Henderson.
Thomas McKenna, Thomas titZwlliiam,
Edward Burke, William Hart,
Nicholas Burke, Thomas Gilmore
ARTICLE XII
The Board of Directors snal at their first me ct:
ing, elect of their members to be PRESIDENT and
one to be wee president CT the association:
Provided, said president aad president
celve not less than majority OF the votes OF the
whole board.
All citations other legal process shall be served
president.
all NEE ings of the board, and io of absence or
inability to preside, the president shall preside,
and in case of his absence Inability to act, the
directors may elect from their nun Der pres dent
pro temofe, who shall for the time being, e!erc Sc
ARTICLE XII
The number of directors necessary for discounting
roIes and crafts, al purchasing lis OF ex change,
and for the transaction of general business, shall
be determined by the bylaws OF the association.
ARTICLE XIII.
The Board of Directors shall have full power to
make laws, appoint ali otcers of this association,
and fix their aries
That said appointments be made annually and
held subject 10 removal at the pleasure of the
Board.
They shall fix the security to be given By the
They may also change the bylaws whenever the
interest Of the Association demand it, and appoint
agents within and out OF the State under rules to be
prescribed by the board.
ARTICLE xiv.
The Board of Directors, alter paying all the expen-
of the association, shsl twice oftener in each
If the profits OF the busr Justify it, declare
and pay such dividends out OF said profits IS they
may deem eApediept
two newspapers published in the city OF New Or
leans.
The Board of Directors shall have power to fill any
vacancy that may occur in the board.
ARTICLE XVI
Vacancies in the Board of Directors may Re de-
clared in consequence of DEATH esg cation. detaca
ton, insolvency or absence without leave tor ninety
consecutive days.
ARTICLE XVII.
Every tranfer of any share or shares of capital
stock saH be AIDE the books OF the association,
and shall be signed by the shareholder his
torney, but stakeholder shall have the right TO
transfer his stocn unies IS matuTed obligations to
the bank are paid CT secured
ARTICLE XVIII.
The Board OF Directors mty close the transfer
BOOK often convenience may require, but no
longer than len consecutive days at any one TINE.
ARTICLE XIX.
No certificate of stock shall be issued unless all the
In.taitEaents have been paid II full.
AETICLE TX.
The failure, from any cause, to elect directors On
the day when such election should have been held,
shall not dissolve the assecia tion-,,
Tie directors then in OH 50 all hold over, but it
shall be their duty to appoint another Cay Tor such
election, notice of which shall be given provided
held.
ARTICLE XXI
Each shareholder shall be entitled directly or by
proxy, all elections for directors, any err
at any meeting of the stockholders, upon
each hare, provided stcckhoder shalt vote in mis-
vIded also. that after the first electon shsl have
owned the stock at least three months previous TO
voting. $500
Every election of directors this association shall
be ~ ballot and conducted by three inspectors be
ppoiD ted by the board, at least week prior to
any election. No two partners shall be elig be at
the same time, directors Of this bank, nor shall
director OF any other bank. or bis partner. be di
rector OF this bank.
ARTICLE XXII
A majority of all the directors elected may pro-
accept any additional power privilege
that may reater be conferred this association,
either b. amendment under the act by hicn 1t WAS
formed, or by aEy new act or enactment, and may
amend these articles of association; but the final
adoption and acceptance OF such aadilonal power
DR. privileges shall be by vote of the stockholders
IN the manner proycec by law.
ARTICLE XIV.
No md Shau c.p oil