New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-20


States Districtd Fifty five. to which end they
re following
c. Of Association:
3. K. 9, ARTICLE
Il ~ nsme Of the association shall be
D. at + OF LAFAYETTE"
eHo E 1Ss ARTICLE H.
GstamE of the association is to carry on the
able Jnces Of debt, rsceiving deposits, buying
g 70 gold and silver bullion, blDs of ex-
other 90
.1SS .ental powers as are now, or may be here
1p 's Srized by law:
~ ARTICLE Ill.
fplace Of business and legal domicil of said
soration shall be located in the Fourth District
the city of New Orleans.
ARTICLE w.
fapital stock of said Corporation to be Two
red Thousand Dollars, DIVIDED into -Four
oelzd Shares of Fifty Dollars each. payable in
asssnts, as follows, viz: Twenty.h five per cent
N ;st day of May. ls7o. Twenty-Five per cent
r aay ds S1 Of s1 1870 and twenty
nm ~ INT on the first day of February, 1871
know ARTICLE v.
ssrtv u shall be put in operation so soon as one
9 r must ousand dollars shall have been sub
I've the ~ the acquisitions of law complied
.erms-6e. ali terminate in the year eighteen hun
cts Of sal, ARTICLE vi.
revsnd of Directors shall be empowered to re-
9s m Ia or subscriptions, until the amount sub
T. y - y! have reached the aforesaid sum of
AoSaur prescribed in article fourth; provided,
Z ther subscriptions of stock shall be paid
the time Of su4scribing, to TO- the full
~ ARTICLE VII.
H 1S .tal stock of the Corporation may here
|1 ,,ff1rlereased to any sum not exceeding one
Ao0Aollars, provided that q majority in amount
stockholders shall vote for such increase.
ARTICLE VIII.
10y increase of capital shall have been duly
y y d, sixty days notice thereof shall be given
Il kwspspers published in the city, Of New
YfR Sithin which time stockholders shall have
- .5ge of taking additional shares, in proper
he amount of their stock. Shares not taken
expiration of said time, may be sold by the
~ OF Directors, at not less than par, for the
u Of the Corporation.
ARTICLE TX.
all installments in default, interest at the rate
ight per cent per snnum shall be charged. and
Board of Directors, after ten days notice. By
tsement, shall have the right to forfeit and to
to be sold any share or snares, on which any
E.l!ment may be due and remain unpaid, for the
At OF the Corporation.
ARTICLE Y.
p certificate of stock shall be issued unless paid
ARTICLE XII
This Corporation shall have a SEAL the device of
ch shall be the bust of the Marquis de Lafayette,
q the name OF the Corporation in the margin.
ARTICLE Kill
~ powers OF, the Corporation shall be vested in
rd OF Directors, consisting of thirteen persons.
] of whom shall hold in his own name and right,
the firm OF which he is a member. at least
ARTICLE Kill
n
blowing named persons, all citizens of this
ian Hopkins. dr., John A. Braselman.
PIP Drumm, Theodore Berkson,
P. Higgins, Gus A. Breaux.
G. Fleming, John A. Watkins.
lam II. Foster, Richard s. Venables,
Lloyd R Coleman,
shall have power to procure a banking house.
Joint officers and put the bank in operation; and
81 shall continue in office until the first day OF
II, eighteen hundred and seventy one.
ARTICLE XIV.
Board of Directors shall at their first meet
one q 1he,T b men 6ers to pc TIE pseside1s
peetio es Of the Board He shall have charge
bonds of the Cashier, and of all off GERS OF
nature. until authorized by the Directors to
ned and signed by him and the Cashier. In
sb sa . or inability to pse the Directors
ball, for the time being have and exercise the
overs of the President.
ARTICLE XIV.
Board OF Directors may at any time make
By laws as they may deem expeGient, and may
the same at pleasure.
ARTICLE XVI.
number of Directors for dscountipg notes
Drafts. and purchasing bills of exchange, may
etermined by the bylaws OF the corporation,
|or the Transaction OF any other kind Il bust
by the Board, five of said d rectors shall be re-
ID to form quorum. and the decision of the
brity Of said quorum shall be valid as corpo-
act.
Board of Directors shall appoint a cashier,
officers and agents, and may remove TIE same
oasure, and shall f < the salaries OF all the oth-
Of the corporation Said Board may also, from
to time, delegate such power, IN THANKSGIVING
ordinary business of the corporation to COM
ees of their own body. or to their officers or
hts, as they msy deem expedient
ARTICLE XvIILl
Bosrd of Directors may purchase, out OF the
~ s. held by law. and transfer in pledge to the
ssd;tor of Public Accounts, or other proper ofhcer
I'm STATE of Louisiana, all or any portion OF saio
licences Of debt, authorized to secure the payment
Sootes al CIRCULATION, issued by this corporation
ARTICLE XIX.
Una Bosrd of Directors shall have power to sup
= IN vacancy may be declared in consequence OF
issth. resignation, want of requisite number OF
s,es insolvency, or absence without leave for three
zecessiye months.
ARTICLE Xxx.
he Roard of Directors. after paying all the ex-
eclsre and Day such dividends out Of the surplus
I,t;ts ssthey may deem expedient. Notice OF the
me shal be published in two newspapers OF the
Nv OF New Orleans.
ARTICLE XXI.
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