New Orleans Republican., 1871-03-23
AVIS or THE STATE Of LOUISIANA.
PUBLISHED BY AUTHORITY.
NO. IL.
AN ACT

To incorporate the Cosmopolitan Bank of
New Orleans.
SECTION l. BE it enacted by the Senate and
| House Of Representatives of the State OF
| Louisiana LII general assembly convened.
| That for the period of twenty-five (25l years
| from and after the date hereof. the follow
in. named persons, their successors and as
/ signs. VIZ: George G.. wilder. Edmund u.
Wells. Blayney 7. Wal~he, Frank W.
seymour, Henry w. W. Reynolds. jules A.
A. Rousseau, Charles B. Lucas. james W.
| Davis. Edwin C.. i;uilard. Phillip y. tohrn
and William Ditto. are hereby created a
body corporate and po.!tic. with all the
! rights. powers and privileges tn do and per
form. and tocarry on and transact a general
| banking business. under ana by virtue OF.
! ANA pursuant to he general laws ANA statutes
now in force. and all laws and statutes that
may hereafter be enacted by the Le.i-la-
ture of the State: and. also. with such rights.
powers and privileges as are set forth in the
following article. VIZ:
ARTItLL /.
The corporate name of this association
shall hr the Cosmopolitan Bank of New
Orleans. and its domicilc shall be the city ot
New Orleans.
AEriCLE Ii.
The object and purpose ri dis a>>ocia
ton is To manage AND conduct and to carry
u
ness under and by virtue OF ana pursuant
to the general law and statutes on that
subject and enacted by the r.iSlIture OF
tho State of Louisiana. ana in 50 dong 70
promote and foster the interest OF the
working classes. "nd assist those persons
for the time brin. without employment and
temporarily IN need OF money Tor their
own or family support; Also to aii. assist
and facilitate generally the mercantile com
| munitv in the prose utlon and transaction
ui business: and. in order 20 accomplish
ANA coilsltlnmatc such objects and par
poses. said corporation shall have power
and authority to receive deposits OF money
in any sums or amounts from one dollar
and upward and pay ont the same by
check or otherwise, and for which deposits
of money fair rate Of interest shall be
allowed the depo>iturS, at the discretion OF
the board of directors, who snail Tx the
rate of interest thereon from time 20 time
ARTICLE Ill
This corporation shall also have power to
purchase and mold. and to sell and convey
real or personal property. and to grant and
receive and to accept mortgages on the
same: also to pledge and receive Ill pledge
movable or immuNablc property. and 10
kc. execute and issue, and to receive and
grant certificates OF pledge or pawn OF any
kind or nature whatsoever. and generally to
do and perform all acts or things requisite
or necessary, and belonging or api,erta.n
ing to the business of lonniug or borrowing
money on security of pawn, pledge, col
lateral or mortgage. Sad corporation may.
for the interest of the Stockholders. pur
chase certificates of pawn. pledge OF other
ooIi7'l'on> VI lii'iep''uli's> ~ i,''.i .,, III ~ -,
'ot vi o'''I1i'>s i"P.t ~, 'i 't'o?' va
or by private individuals.
ARTICLE y.
Til. ca,ital stock of this association i
hereby fixed at seven hundred and tittv
thou~and ts7 OoO) dollars, represented bv
..y.,, 1hnus,,d Fl Ne hundred shares of one
hundred 5000 dollars each. Ten ll0) per
cent ut each subscription shall bc payable
at the signing OF tlIcsc articles. and the
balance at such times ana III such amounts
or il>tailmcnts "a the Board OF Directors
may order: provided, that not more than
ten llul per cent of said Subscription shall
be called for otttnpr than cnce within
every thirty l5tl days. Should any sub
~rrlocr refuse or neglect - pay pUnctjla!iE
his In>talment or nStallment' as the same
lnay mature. interest thereon ~ the rate nt
aIN per cent per annum shall he added there
I" from maturity till payment i made; alH Il
any >uh>crl De" refuse or neglect TO i'aT h:S III
staiiinrmt OF instruments within tGlrtN 80
days after the specified TIM" OF payment.
/
TI;,, amy, ;n.-,I ,IIn;a,- m,,- ha dr1. "a
h. -,lG .,+ ,,,Ij,I;I ,,,rrinI ~. n.h,rw;sr
,tt., t., uoi L,v. ,,r.vinrs n,+ir. tn .urf,
GaI;nnnnnt .,htr,;ilar
,.-.,.,,.
,,,.,,. ~, ,.,.,,,.,a...,,.
.nnn ,s nni. hnndrrL thnn,anI 500 J0oI dol
lar. If -je ,,,,Iit,i .:ncI, !. subscribed t,..
.,,'l .L,II ina!,. u.r of a common seal and
thr device of which sh,l! be tine coat Of
arms Of the state Of Louisiana ana the name
uf ;Lr rurno,ution Traced tnr-con in thc
maroiu thereof
,ur1cIE =;
,,l,,, .,r.io,o, o. f+,oI o..o,;,tio,, ,,,a,. u,
;,''T ,I ;,,a,,a.o1 s'.,, ~. MANN.
-, ,I,n r,anner nrovidnI nv, law, will tIIn
consent of two-thirls in amount of all the
Stockholders obtained III general meeting
convened a1tef thirlN l1ol DAYS hpIlct-
Whenever any increase "f capital be 0ulT
auth"rlzed sixty days notice OF the same
shall he gwen III ut least one OF the cry
newspapers. within which time sfrckh"iNerS
>haI have the privilege "i taking addi-
tionai stock IN proportion TO the amount oi
.ii','i ,'o' ~ ",'', '.i M, h I;,'
of by The directors, for the beneti, Of the
a.Soriation. but not for less than mar yaluc.
~ .
All powers OF thus corporation snail De
vested n board OF directors. consisting oi
eleven persons. each OF whom shall o"n. IN
hl~ own right. at least NIFTY l','j shares OF
the capital STOCK vi the ASSOCIATION.
ARTICLE VIZ.
Tho s,lIowiuy u.,son. Larcinlnf,rc
,,.,,J n,. ,,,,-iv l6i of ,hn,, nuit. loor,,o