New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-06

yuwoIs sSuo~ ateo Lay % Heteaiter SuInOrl1s
or l. ARTICLs w. 81 90
The place Of business and legal domicil of sal
ASSOCIATION shall be the city Of new Orleans ~
ARTICLE v. 1
The capitsl stock Of this association shall be fy
fus thousand shares Of one hundred dollars tsio
each, ten Der cent of which sball be payable At tn
s sp.9s,s r.. as nssiI ,b ten nb Rs. :; sent ns,s ;y Tn thirty das
Should any subscriber ~negleet to pay p~unctuall
bic or her share. or isstallment Of his or her shsr
OF shares. IS theS fall due. the subscriber sha b
anhum thersfron till paid. t4t'
installmsnt or insts,iments within he delay Of nine
" days after the time fixed for the payment of tn
reetors after thirty days notice. shall declare tb
same forfeited 70 the Bank, including all previou
1'fhe capital stock of this Association may here
after be Increased to any sum not exceeding on
h %u,eHs HS doil.rs tsiSo ;v s.cn c'si S.nsV 'es0 s snali ine CT Ds
stall be authorized BY cwo-thirds Of the stockhold
e. and provided thirty Gays notice OF the sam
in the cityof New Orleans. within which time stock
holders shall have the privilege Of taking additions
share. 1cs taken st Ii: expiration Of said tim
than psr Tor the benefit Of the association.
e9So4e rs aa ARTICLE VI as+4 ' .r
fhis ASSOCIATION shall comwsncs operation ATE
ths paymsnt Of the second installment Of the capita
s sisSa ~ s aoii. sss ssiso. oosS Ire g p sai q. one hanar''
ARTICLE VII. r.
The device and seal OF the association shsl! be al
Irish harp with H,bernia Bank Of New Orleans On
ass st5st ARTICLE VIII.
AL powsrs Of the Association shall be vested in
boqrd OF directorf, consisting OF twelve persons
each OF whom shall e ~ times hold in his OWE
right At lesst twenty-five CZ5, shares OF the stock o
tkis association. ~ "A
ARTICLE IL. -
On the third Monday of January. 1911, and an
, nsslRly sSsrs. sSsi, a. <. s ss,S on ,S Of SlDt;ns na by tn 3.
a n ;ority 'ot votes then and there given shall
'Prsviou. notice of at least thirty 800 days of said
election shall be gwen in at least two newspaper
Published In New Orleans. fl
~ Il kug ARTICLE
The following named persona sre hereby chosen
aud shall. compose the first Board of Dir.ctors, &C
serve until sup rsed.d by the new board: 70 be
elected on the third Monday OF January. 1871:
Patrick Irsin. Archibald Montgomery.
Edward Sonedy. John hendsIson;
Edward Burke. William Hart,
Nicholas Burke. Thomas Gilmore.
The Board Of Directors shall, a. their first meet
ing. eject one of iheir members to DO president. and
one to be v ce president of the Association.
Provided, said president and wee president re-
ceive not less than . majority OF the votes OF the
All citacions or other legal process shall b served
on re Pr.sidert' or IN Ills absence On the vice
The duty Of the president shall be to preside at
inability to presioe, the vice president shall preside,
and in care Of his absence or inability to act, the
directors msy elect, from their number. a pres DENT
pro, tsmose, WIG shall. for the time being, e1erc sc
the fuu powers of the president or vice president.
ARTICLE XII.
The number of directors necessary for discountirg
no;es and drafts, and purchasing b lls of exchange,
and for the transaction of general business. shall
be determined by the bylaws OF the association.
FF rs, ARTICLE NIL
The Eosrd of Directors shall have full power to
make bylaws, appoint al otncers of this association,
That said appointments be made annually, and
held subject 10 removal at the pleasure OF the
They shall fix the security to be given by the
officers respectively.
interest of the Association demand it, and appoint
agents within and out Of the State. under rules to be
prescribed by the board.
,H ARTICLE XIV.
The Board Of Directors, after paying all the expen-
ses of the association, shall, twice or oftener. in each
year. if the profits OF the bus're ss Justify il. declare
may deem eApedient. ~
Notice Of the same shall be published in at least
two newspapers published in the city of New Or
1855 47' ARTICLE XIV. ."
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 be de-
clared in consequence Of death, Resignation, defSlca-
ton. Insolvency or absence without issve tor ninety
eonseo utivs days. hzs nr -xa.E
ARTICLE XVII.
Every tranfer Of any share Or shares Of capital
and shall be signed by the shareholdef or his at.
tornsy. but no stockholder snail have the right to
transfer his STOCK uniess his matured obligations to
the bank are paid CT secured.
ARTICLE XVIII.
The Board Of Directors may close the transfer
book as often as convenience may require, but for no
longer than Ten consecutive days at any one tine.
~ ARTICLE XIX.
: No certi6cate of stock shall be issued unless all the
insJaiiments have been paid in full.
lf 70 ARTICLE XIX.
The failure. from any cause, to elect directors on
the day when such election should have been held.
snail not dissolve the association. =.
The directors then in Office sh all hold over. but it
election, notice Of Which shall be- given as provided
in article nine, until the election shall have been
iDNN 81 ARTICLE XXI.
Each stakeholder shall be entitled directly or by
proxy. 1t all elections for directors, or on any mat; er.
81 any meeting Iaggs q ne 81 ste eeacsbosgs,I 70 sh one v vote IL upon non
own name over one (lGU hundred votes. and pro-
vided also. that after the first election De shall have
owned the stock at least three months previous 10
a1fF7 ARTICLE XXI.
Every election OF directors of this association shall
be on ballot and conducted by three inspectors to be
appointed By the board. at least one week prior to
any election. No two partners shail be elig be at
the same time, as directors Of this bank, nor shall o
director OF any other bank, or MS partner. be . dl
rector of this bank.
ARTICLE XIII.
A majority of all the directors elected may pro-
visionalIy accept any additional power or privilege
that may hereafter be conferred on this association.
either by amendment under the act by which it was
formed, or by any new act or enactment, and may
amend these articles OF association; but the final
adoption and acceptance Of such additional power
or privileges shall be by a vote Of the stockholders
in the manner PROVIDED By law.
ARTICLE XIV.
!, The PRESIDENT and cashier shall sign eli contracts,
notes, Certificates Of stock and evidences of debt OF
this association.
@ ARTICLE XIV.
Minutes of all proceedingsb by the board Of direc-
tors SD all be kept by the cashier, and certified to by
the president or vice president.
Nrs ARTICLE XIV.
The liauidation of the affairs of the. association
the stockholders at a meeting convened for that
purpose, alter thirty days previous notice in, at
least, two newspapers published in the city of New
Orleans. each commi .sioner TO pc . resident OF the
At such meeting stockholders may cede to such
commissioners all power necessary to the liquidation
Of the atfa irs Of The association. may fix their term
Of Office, limit the period for liquidation, fix their
com uepsatiou, define their duties, and the manner
in which said commissioners may be removed and
their term OF Office renewed.
ARTICLE XVII.
The stockholders shall not be responsible for
losses or damages incurred by said association
beyond the amount Of capital stock held or owned
by him or her respectively.
Thus done and passed in my Office, at New Or
lears, Aforesaid, the day, month and year first above
written; lin in me hS,p p5sss n,ins o. aa VI iarsn n sssa dami.
ciliated in this city, who herenntO sign their name