New Orleans Republican., 1873-07-13
CORPORATIONS.
{ HARTER'.''.'..-:....::'''''''''C - CHARTER
STATE OF LCUIsIANA-CITY OF NEW ORLEANS.

teenth dav of March, 1855. and Of several acts
uendatory thereof, al Of which acts are incorpo.
I'D IN the Revised Statutes of this State, sections
o and following, they have agreed, and do by
shese presents agree and bind themselves, and
them, 10 form themselves lIto and constitute
corporation for the objects and purposes and under
the stpulations and regulations following, TO witt
ARTICLE l.
"HOME MCTCAL SAVINGS BANK its corporate
existence sha!! commence on the present day
and it shall continue for period OF swenty years
Rom the date hereof.
ARTICLE II.
The object of this association Is 70 ESTABLISH. a
savings institution aud bank OF Geposlt and dis
count. where sums OF money whether large or
small may be deposited for safe keeping ard accu
mulat ion and where the dtpos,tors. IL addition 20
sach interest as may be agreed upon. sall psrtic
pate ia the profits Of the association as hereinafter
'1 ARTICLE III.
This associat ion shall further have the power TO
and other evidences Of eot. receive deposits, buy
and sell real estate, gold and silver coin. bullion
and bills of exchange, loan money Oh real and per
onal security and exercise al incidental powers
cessary to carry the business and the pur
pose above mentioned, and such other powers as
may hereafter be conferred by law On
banking corporations.
ARTICLE ".
The place where the banking business Of this
nssOciati ion shall he carried and its legal dOml
cIe shall be in the city Of New Orleans, in the
parish of Orleans in this State; but branches may
be established in any city or town OF ms state AS
may be deemed expedlent by the Board Of Trus-
tees, and uuder such rules and regulations as they
"' ~ ARTICLE V.
The capital stock of this association shall be
hundred thousand dollars divided into one thou
rand shares of one hundred dollars each, which
said shares shall be paid for N the manner foll0W'
ing ten per cen: at the time OF subscribing,
and the remainder III nine notes of a sum OF ten
neI cent ca ach of the amount of each subscription,
pay able one two, three four, hve six seven, eight
and nine months after their date The stock shall
be held by the ASSOCIATION III pledge as security FOR
and until the payment OF all balances due on the
same; and no stock or subscription to stock, shall
be s;.leable or transferable unless 4 shall have
been paid in full; and tine Board OF Trustees shall
have the right of causing 10 be sold at publc auc'
zion the shares of stock Of all stockholders who
Anal, fail 20 nav their stock notes any OF them.
such sales to be for account anG st the S!sS ot such
delinquent stockholders.
ARTICLE W.
shr RIGHT 70 Increase the capital stock Of This
insttution to FIVE hundred Thousand dollars is
served said increase when made shall be III series OF
one hundred thousand dollars each. and when such
increases are made the origin al subscribers. who
vet hold their stock shall have the first privile ge
. subscribing to the new stock. No new series Of
stock shall be issued until the previous issue OF
etCck shall have been taken np and a dividend
from the profits of the business OF the institution
made and declared.
ARTICLE VII.
The bank shall commence active banking opera.
tions whenever deemed advisable BY TIE GJaGd OF
Trustees. - ,-,,,
ARTlCLE VIII.
Tho affa:rs of this association shall BE admins
tered NV a Board OF Trustees consisting of eleven
stockholders of this association, six o: whom shall
constitute quorum: The '..iowins persons span pn
mond Joseph Keller, Eugene DoheIty L. B: Collins.
Pa i Este ben Nicholas Miller. }. C. Murphy. B. E.
and thew shall serve until their successors are
elected and qualified as heTe!HafteE provided ;or.
ARTICLE TX.
On the second Wednesday IN December. 1874, and
Annually thereafter. on the same day. an election
AZ nine trustees shall be held by the stockholders
MT the banking house of this association, il the
city Of New Orleans maoIy Gi 1ae oie votes mere s
least thirty days of said election shall be given in
g. !eas. two newspapers pnpishta ~ New ofieans.
ARTICLE x.
The de- positors in this institution ehaii have the
privilege of nominating and tlecIing two OF the
members of .he Board q! TIustees. to be elected
on the second Wednesday IN December. 1874, and OF
every board and said mem bers shall look
.nacay to the interest of the depostOrs and shall!
hnld IN their own name not less than ten shares OF
the caplta stock OF this association. The nomina
tinns shall be made one month prior to said cleo.
tions In order 20 have voice IN sad electons de-
positors must have in the bank not less than one
Sundred dollars which must have been On deposit
at least ak months previous to SAID eectlsns; anu
each depositor shall have one vote Tor each and
.yerv hundred dollars which shall have been on
denosit to bis credit for not less than SIX months
nr4yjous to said elections; if the dePositors fal to
avail themselves OF tbs prveSe a. sa1a sha ,eGnha al
elected by the members who SHAH G2Ve teeu e!ecs'
I'd by the stockholders.
ARTICLE ".
The Board Of Trustees shall. at their first meet.
ing elect of their number a president and Two
,ice presidents, and majority OF the votes OF the
whole board shall be necessary to an election.
These officers shall perform such dutes anu re-
ceiye such remuneration for their services as the
Board Of Trustees may supulate ID the bylaws Ok
the association ARTICLE XII.
Tho Board of Trustees shall have fnl power 10
make bylaws appoint all officers OF this assoc!a,
ton and Fl their salaries Sald appointments shaii
he made annually, and be held supIecs 10 removal
At she pleasure of the board They shall fix the
security to be given by the officers respectively.
They MAY also change the bylaws Whenever the
;nterests of the association demand it, and appoint
agents within and out OF the stare, uhGer fu es
10 be prescribed by the board. Ihey shaii alto
have power to ill any vacancies that may occur "a
'D' ''"''' ARTICLE XIII.
! The Board Of Trustees NAV declare dividend
annually or ottener. the profits Of the business
nav Justify; at each and every time OF deciaflns
=dividend, twenty per cent OF the net pTonts shai
he set aside and declared dividend TO the deposit
tors of the bank to be paid to them in proportion
TO their balances and the time that me same nave
been deposit provldea .ma a,et r. ,e eartcnate
in said twenty per cent of subsequent tl'ldeha5.
must have had their money on deposit at ieas,
three months previous TO 'he 0ec'"''ns " ea'"
a''''en'' ARTICLE XIV.
The Boari of Trustees may declare vacancies in
Its body in consequence of the death. res gnstlon
defalcaton. or absence without leave fsr uiuety
days consecutively. of any OF lis members.
ARTICLE XIV.
Vrerv transfer of any share or shares OF the
capital stock shall be made on the 6ooks OF ne as
Sociatiop and shall be signed by the stockholGer;
or his or her attorney; but no stocKnolGer snal1
have the right to transfer his or her stock uness
the same is paid for in full. and all OF his OF her
matured oblig atons to the bank have been palc or
secured to the satisfaction OF the 6oaTd o: asus-
tees .rr,c,r W,
rh. eo.ra NJ Trustees may close the transfer
hooks AZ often as convenience may require. but
Tor no longer than ten consecutive days at any one
time. .n,o,c -u1y
a,he naiiure from any caure to elect trustees on
Che day named for that purpose, shali NOT dlssoVS
this association the trustees nfn 5ntn To n appon, a
other day for such election nOtce OK whicn snali @
he given AZ herein provided for. and the same pro,
cess shall be continued untH thS e'ee''o" sA"''
nave oe'" A' ARTICLE XVIII.
rro,r .bareholder shall be entitled directly or
~ proxy at all elections Tor Sr 1n 70 @ nn
vote upon each share: provided that ai.er .ne 20.
election he shall have owned the STOCK al ieas' @
three mouths prior to SAID eisc1"H " ''ne ~ W.
lns. .nr,o,r ~,v
Everr ,,ertion Of trustees of this association
ehall be by ballot and conducted by three coln, nun
sioners or inspectors 10 be appointed ny tie oo"'u
st least two days previous to said tleetlon.
ARTICLE XX.
Amaiority Of all the trustees elected NAV pro.
~sionay accept any additional power or privilege
that may be hereafter conferred OIL tins assocla-
.ion either by amendment OF the laws under WHICH
it was formed or by any new law or enactment
fional powers privileges shall be determined os
= vote of the stockholders in the manner pro-
v.ded y law.
The president and cashier shall sign all contracts
notes certificates Of stock and evidences OF debt
Q: this association.