New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-29

Total number Of shares subscribed as above. .6l32
Leaving unsuDscribed $50 shares.
The remaining shares unsubscrb bed FOR, as stared
above, are held ny the bank, subject to the dis
position of The Board of irectors, provided they
he not sold for less than their par Value.
TOta. nGmDer OF shares. 6ts0.
ARTICLE III.
The capi:ai stock shall be payable as follows TO
wit: The tul amount III cash in current money, or
accepted che cks, or money orders drawn on cash
paving bal ks, orders in cash for the equivalent
on the ..,!uid.:ors of the Southern Bank.
ARTICLE ".
This corporation shall commence on the date Of
.h:. act. 20 wiz: She twenty-eighth day of May
1873 ard continue until the twenty ninth day of
May. .s. .ue.s terminated AS provided for i'll This
ac:.
The device Of che corporate seal shall be . live
oak tree. with cotton plant on the right and a
sugar on the left with the name OF the bank
and that Vt tL. CITY OF New Orleans encIrclnS 1t.
ARTICLE VI.
The object Of this corporation being TO carry on
the business of banking with all the powers ana
privileges conferred by she statute before men
toned it is hereby agreed that TINS corporation
NAV have and exercise any other powers conferred
hereafter w law CA banks created under said
| statute. r-,c,,v,,
| The business OF tins corporation shall be con.
Quoted by board of directors, to be appointed by
the stockholders. The said board shall consist OF
.ix mem bers. each owning at least fifty shares OF
stock and the said members sh al be eligible to the
offices al president and cashier, and retain, at the
same time, .teic seats at the board. Three mem
hers OF The board hall constitute quorum for the
| transaction OF business and the eald board sha
have ,he exclusive power OF the ADMINISTRATOR ol
the affairs o.; the company, and majority OF The
whole board MAJ accept any act OF the Legislature
relating 70 &c Business Of This corporation.
! ARTICLE WILL
| Mess,. Christian Roseus, James jackson John
| T. Moore. Wil.iam 9. C. Claiborne, Jr., Bradist
johnson and Thomas Layton are hereby appointed
| directors said bank. and they shall continue IL
| office until the first day OF January. 1870 In De
cember, 1874, and N the same month IN every sue
| tors Tor the year :ien next ensuing; said elect OF
! to De Conducted "a The manner aud on the da,
fixed ty the bylaws ct this corporation. each share
HAVING one vote which may be given by proxy
The election 20 De by ballot and held at the bank
nftce ANTI The succeeding board shall! be organized
l aide. Ike 1T v election
aRTICLB TX.
TIE said directors shall have tu,l power TO maxi
| bylaws :hey .hai appon; al "hcers and EN-
ploves Of said COMPANY and fix their salaEles pro
| vidtd that said appointments be made annually
| and held sUb.e; 10 removal a! .he pleasure OF tn
| hoard; .nd they NAV also. from time to time, by
| yot. Of I'VE thirds o: Their number, il transactin
| the ordinary business OF the corporation, or 10
! making ang contract, delegate power to commit
| tee of tne own body OK 20 q committee OF STOCK
| hold. =. or to :hel; Officers o. other agents a
! .i.ey NAV deem .xpedien;. they shall esta'iis
SSa.Ws sa and i is Of ali ocer
and persons IL the employ mens OF th
| company. ard the security TO De give
| by them The board ehau have power to chang
their Lv-!aws and establish. from time to tint
suci, It gu,aticIs :he interest and order OF tn
| business o, the company may require; also to al
point agents foI The transaction Of the business {
The bank WITHIN and out of .le State, and to caus
books OF the hank Tor the transfer of stock to
opened and kept IL the city OF New York, unde
certain .estr.c..CaS 20 De PRESCRIBED ~ the ooar'
ARTICLE X.
Dividends Q: :ile prorts OF the corporation sha
be declared twice L each year II the same De e.
| pedlen. and notice thereof shall be pubnshe
| within .eu days after the declaring thereof
| shall be the sCty ii The board to establish . T
| served fund.
ARTICLE ".
: The directors shail have power TO hll AL 1acal
rie. IN their own body aud to declare vacancies
account of disqualification by reason OF not own II
stock insolvency, or absence without leave dun I
| TWO months from tie State, or noC- attendance
l the regular meetings OF the board for said tern
| Thew shall case 10 be kept record OF al the
, | proceedings which shah te signed ~ the pres
I dent and cashier.
ARTICLE XII.
E TIE directors shall sppoiyt president md e.