New Orleans Republican., 1873-08-31
CORPORATIONS.

of EXCHANGE NAV be determined by the by laws of
the corporation, but for the TRANSACTION OF any
other business by the board a majority OF dlrec-
tors shall be required to form quorum and the
decision of majority of said quorum shall be
valid as corporate act.
of all the officers Of the corporation shall appoint
a cashier, clerks, officers and agents, and may re-
move the same at pleasure. SAID board may also,
from time to time delegate such power in transact
ing the inarv business of the corporation 10
committees Of their own body or to their Sfhcers
agents. as they nay deem expedlent.
SEC. :. The Board Of Directors may purchase ous
Of the funds OF the corporation any evideI ces OF
d. 5 sat t may Pc nea Ell by s Or other
proper officer of the State OF Louisiana all or any
portion said evidences Of debt authorized to Sc
the payment OF notes OF circulation Issued "
this corporation. .
Szc g. The Board of Directors after paving all
the expenses of the corporation shall twice III each
year declare and pay such dividends out of tho
surplus profits as they may deem eXpedlent: Nc
,ice of the same shall be published i'll TWO pewspa
peIs in the city of New Orleans.
SIC. Q. The Board of Directors shall have power
to supply any vacancy that mag occuS IN thsis
boarr.
SEE. 10 Vacancies in the Board Of Directors may
he declared in consequence of death. resignation
want of the requisite number of shares or absence
wi1h0u: ..ave from three consecutive meetings
ARTICLE ".
syc...y Z. Minutes Of all proceedings ~ 'he
board shall be kept by the Cashier and ceStihed by
~ '''' . ' ARTICIEv.
Sscrrcsi. The President and .as'lis. shall ees-
tify md sign all contracts. notes, certificates OF
stock and evidenCes of debt OF the corporation
ARTICLE ~.
sec,oS l. Books for the registry and transfer OF
STOCK shall be kept and subject TO such restrictions
as the by laws may direct.
Sx. 2. Every transfer OF any shase OF shares OF
capital stock shall be made on the books OF the
corpora,ioI, and b. sgnet. by tn. shareholder oE
SIC .. The Roard Of Directors may c!ose shs
l. vAyJA
.,ure. but Ior no longer than ten days St any ons
time. .
Sx. & so share or shares Of the capital stock
shall! be transferable unless paid in tHl. "n all in
stal!ments in default interest at the rate OF sSs
per cent per annum shall be charged, and the
Board of Directors, after ten days notice by adver
tisemens shall have the right TO cause to be sold
any share shares on which any iEsta.ments
may be due ar d remain unpaid
SEC s. No certificate OF stock shAl: De sssrsd uC'
less paid in full.
ARTICLE 81.
SEc,los. T. On the third Monday in Januars, 28::,
and annually thereafter, an election OF directors
bv The stockholders shall be held at the banking
then and there given shall elect; previous notice
of said election shall be given at least thirty days
in two newspapers published in the city OF New
Orleans.
SEC O. In ali elections of directors, and in decid-
ilg all questions at the meetings or shareholders,
each shareholder shall be entitled to one vote on
each share Of stock held by him, Shareholders
NAV vote by proxies duly authorized in writing.
No shareholder whose liability to the bank is past
due and unpaid shall be allowed to vote.
SE. g. Two partners shall not be eligible at the
same time as directors of this company, nor shall
a director of any other bank or his partnes be
director of this company
SEC T. Every election of directors shall be super
Intended by three commissioners, to be appointed
by the Board Of Directors one week previous to
said election.
sac s. Stockholders to be entitled to ~oto at any
election meeting of stockholders must have
held in their own name and right the number of
shares on which they desire 10 vote at least three
months Immediately preceding said election or
meeting.
dil ec,o ors on the day when such election should
have been held shall not dissolve the corporation;
any time within sixty days after the day appointed
in the first section of this article, and after thirty
days notice. shall! cause such election :" he held.
ARTICLE VII.
SRC:;aN :. majority OF all the dreecors elected
may professionally accept any power or privilege
ton either by amendment OF the lave under
which il is formed or by any Few &C. OF enact.
men's and may amend THESE articles o, as:ocla, ns
@ these % articles shall be BY Vote OF the atacshs!l
e.s in ..e Manueg provided by Law.
ARTICLE *.
Sec.l.s I. The iiquidstion of the ah.i.s % sfe
CORPORATION shall be made by three commissioners
elected by the stockholders at a meeting convened
for that purpose. after sixty days previous notice
in tw" LewspapeSs published IN the city OF New
Orleans each of said commissioners shall be ct'-
zen of Shis State and not indebted tie the corpora.
zion and at such meeting stockholders may sede to
sucis commissioners all powers necessary to the
iiuuidat!on OF the affairs of the corporation. may
sh.ir term of office :imit tn. period for l;9uida.
fion rs their compensation, define fheir suties
and Che manner in which said commissioners May
b. r. moved or their term ef office relieved.
Fog the true performance "t all and eyer~ 2hS
ar.s'es covenants and agreements aforesaid, for
:h. purposes therein named, and nc othe' a! she
aforesaid parties to this instrument bind them
selves. their heirs, esecNtofs end assigns.
Thus done and passed in ms office az the said
s;.y Of New Orleans. in tie presence OF Messrs.
Moses s!a:ris and Au:rste Hnard. wtn.sses Of law
fui sg- and domici!iated in this city who hereunto
subscribe their names. together with she SAID par.
ties and me the said notary, On this ninth dav "t
August. in the yeaS os. thousand s;Sh. hundred
and seyehty.thyee.
INA. 81 ene.i: