New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-18
ON s.,

G. e. Girardey 81. -
- .RICA-STATE Oh
ri NEW ORLEANS. .
ABLE LANDS IN THE
FRANKLIN. LOUIS &, and for re I psIis9
-TrS.-i the persons herein after
RIDER OF whS ss fUan
-iSS.s+iAct of the Legislature Of tnis
MATTER aas the 70
IN .eenth day of March, thou
-, and fifty five. to which end they
States Districssn 70 the following
1aS..eles OF Assoclation:
@k> ART1oLEL
,. =. q, a. AK OF LAFAYETTE"
at ARTICLE II.
40 b,ect of the association is to carry on the
stomf of bansing by dscounting bills nd
BE l. selling gold and silver bullion, bis of ex-
% lge and otner personal property; loaning money
M :oh Incidental powers now, may be here
III ..ter authorized by law.
Is'r ARTICLE III.
'Hs The place of business and legal donicii of said
Corporation shall be located in the Fourth District
- of the city of New Orleans
ARTICLE ".
The capital stock of said Corporation to be Two
~; Hundred Thousand Dollars, divoed INTO Four
.ei.Thousand SHARES OF Fifty Dollars each payable in
=, the frst day of May ls7O Twenty-Five per cent
ton h asy Sf n
ere >, cent on the first day of February. 1871.
, . ;is ARTICLE v.
bank shall be put in operation soon as one
% DO, dred thousand dollars shall have been sub
ausrsy and shall terminate the year eighteen nun
"a 81 s a. ninety ARTICLE vi.
s.hEn Board of Directors shall be empowered to re-
,vens IN FARTHER subscriptions, until the amount sub
hass 20 sbal! have reached the aforesaid sum OF
. ymsnt prescribed in article fourth provided,
IGr g. az further subscriptions of stock shall be paid
Fl casa, at The time OF subscribing, to the full
IA ARTICLE VII '' ''' ''>''''
20 he capital stock of the Corporation may here
a. "a &c be Increased to any sum not exceecing one
~ hon dollars, provided that majority in amount
the aS,, .6, vote y for such increase
After any increase of capital shall have been duly
1thorzed sixty days thereof shall be given
two. two neW?snspefs published in the cy Of New
ns privilege of taking additional shares in proper
on to the amount of their stock Shares not AIKEN
Board of Directors. not less than par, for the
tbsreit of the Corporation.
4 ARTICLE TX.
On ell nstaments in default, interest at the rate
., eiShs per cent per snnum shall be charged and
shall have the right to forfeit and to
instalmert may be due and remain unpaid, for the
benefit OF the Corporation.
ARTICLE X
No certificate of stock shall be issued unless paid
N full.
ARTICLE XII
This Corporation sh all have q SEAL the device of
which shall be the bust of tho MARQUIS de Lafayett0
with the name of the Corporation in the margin.
ARTICLE XII
All powers of the Corporation shall be vested in q
Board of Directors, consisting of thirteen persons.
escn OF whom shall hold IN his own name and right,
twenty shares of the capital stock OF said Company.
ARTICLE Kill
The first Board of Dire tors shall be composed of
the following named persons, oil citizens of this
Ssaman Hopkins. Dr., John 4. ,Braselman,
iiliam 9. Coye, Otto +. Thesman.
John T. Higgins, Gus A. Breaux.
John 6. Fleming, John A. Watkins
William h roster, Richard S. Nenables,
VINO snaii nave poser to procure banking house,
they shall continue in office until the first day of
biAy, eighteen hundred and seventy.one
ARTICLE XIV.
The Board of Directors shall at their first meet
ing elect one Of their memb beers to be the President
Of ii "a o s osrd M s5a be to
Of the bonAs OF the Cashier, and of all Off OF
ior signature until Authorized by The Directors to
be issued and signed by him and the Cashier In |
may elect from their number President pro ten.
Who shall for the time being have and exercise the !
full powers Of the President.
ARTICLE XIV.
The Board of Directors may at any time make !
such bylaws as they may deem expedieat and may |
repeal the same at pleasure.
ARTICLE XVI
The number of Directors for dscounting notes |
and drafts. and purchasing bills Of exchange, may
R pc sar I'M bS she 6sws Of the
ness by the Board, five of said d shall be
quirec to form quorum. and the decision OF the |
majority of said quorum shah bs valid as a corpo-
ARTICLE XVII
Tho Board of Directors shall appoint cashier,
Clerks. officers emo agents, and may remove the
at pleasure and shall fix the salaries all the Off
csrs OF the corporation Said Board may also, from
time to time, delegate ssch power in transactng
the ordinary basiness Of the corporation to com:
agents, as they may deem expedient
ARTICLE XVIII,
The Board of Directors may purchase, out of the
funds of the corporation evidences of debt that
Auditor of Public Accounts or other proper officer
OF the State Of Louisiana all or any portion of said
OF notes OF circulation, issued by this corporation.
ARTICLE XIX.
The Board of Directors shall have power to sup
ply any vacancy that may occur in their board:
Such vacancy may be declared in consequence of
death, resignation. want Of requisite number of
Shares Insolvency Or absence without leave for three
successive months.
ARTICLE XXX.
The Board Of Directors. after paying all the ex-
pense5 Of the Corpor atom, shall twice in each year.
profits as they may deem expedent. Notice of the
same shall be published in two newspapers of the
city of New Orleans.
4. ARTICLE XXI.
Minutes of al proceedings of the Board of D-
rectors shall be kept by the Cashier and iied by
the President
ARTICLE XIII
The President and Cashier shall sign all contracts,
notes cert of stock and evidences OF debt OF
the Corporation.
ARTICLE XIII.
Books for the registry and transfer of the capital
stock shall be kept, subject to such restrictions
the by laws nay direct.
ARTICLE XIV.
Everv transfer of any share or shares of capital
stock shall be made the books of the Corporation,
and be signed by the shareholder, It's attorney
fact -
ARTICLE XIV.
The Board of Directors may close the transfer
books often convenience may require, but for
NO longer than ten DAYS at any one time.
ARTICLE XXVL
No'share or shares of the capital stock shall be
transferable unless paid in full.
ARTICLE XVII.
On the third Wednesday of April, eighteen hun :