New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-11
ton of general business, shall be determined
oy the general bylaws of the association.


ton of general business, shall be determined
oy the general bylaws of the association.
ARTICLE TX.
The board of directors shall have full
power to make bylaws, appoint all officers
ct this association and fix their salaries
said appointment shall be made annually
and held subject to removal at the pIeasure
at the board. Said board shall Il the sc
curity to be given by said officers respec
lively, and may also change the by-lawt
whenever the interests of the association
demand it, and appoint agents within and
out of the State, under rules to be pre-
scribed by the board. They shall also have
power to fill any vacancy that may occur in
the board. Said board of directors shall
also have power to purchase, out of the
FUNDS of said corporation, such evidences
OF debt that may be held by law and trans
terred ia pledge to the Auditor of Public
Accounts, or other proper officers of the
state of Louisiana, to secure payment OF
notes OF circulation that may be issued by
said corporation.
ARTICLE X.
The board of directors shall, after paving
all the expenses of the association, once or
Oftener i'll each year, if the profits of the
business justify it, declare and nav such
dividends out Of said profits as they may
deem expedient, and after due notice of the
same shall have been published in at least
Two newspapers published in this city.
ARTICLE XII.
Vacancies in the board of directors NAV
be declared in consequence of death, resig-
nation, detalcatiOn, insolvency, evidenced
ny remaining under protest for a period of
ten days IN any bank in said city of New
Orleans or absence without leave for thirty
consecutive days from the regular meetings
Of the board Of directors.
ARTICLE XII.
Every transfer Of any share or shares of
capital stock shall be made on the books of
the association, and shall be signed by the
shareholders; but no stakeholder shall have
the right to transfer his stock unless his
matnred obligations to the bank are paid or
secured.
ARTICLE XIII.
The board Of directors may close the
transfer book as often as convenience NAV
require, but for no longer than ten consecu-
tive days ut any one time.
ARTICLE XIV.
The failure from any cause to elect di-
rectOrs on the day named for that purpose
shall not dissolve the association The
directors then in Office shall hold over: but
it shall be their duty to appoint commits
missioners and select another day for such
shaIi ba 1919 -. "nnon ..;. sa,o eiectlon
Tho a,sc+;or shall hana 49,, hai1 i'i' "n'h
''' - ''on AeN.
ARTICLE xv
Each shareholder shall be entitled directly
or by proxy at all elections for directors. or
on any matter at any meeting of the stock
holders, to one vote upon each share; pro-
vided no stakeholder shall vote in his own
name over two hundred and fifty votes, and
provided also that after the first election he
shall have owned the stock at least three
months previous to voting
ARrtc1Exvr
A majority of all the directors elected
may Professionally accept any additional
power or privilege that NAV be hereafter
conferred on this association, either by
amendment under the act by which il was
formed or by new act or enactment. and
may amend these articles of association,
but the final adoption and acceptance Of
such additional powers or privileges shall
be by vote of the stockholders in the
manner provided by law.
.pr,c,r WV,
Tb. ros;,o,, and u,sh;au .,ou CO. y,
ING pIesiuehC anu casnier snau 81 ga al
SontracIs' certlHca:es OF STOCK ana e'i-
oencoS VI oeo' Vi tnis associat'op'
ARTICLE XVIII.
The liouidatiou of the affs;rs of the asso-
citation shall he made nv three commission.
ers. elected by the stock hoIders at 5. meet-
inc convened for that purnose. after thirty
DAYS previous notice in az least two news.
papers published in this city. each commits.
eioner to possess the same GnaIifcations 40
that REQUIRED for a director at such meet. |
ing. Stockholders NAV give to such com
missioDers all powers necessary for liouda- |
ton of the affairs of the association. fix
their compensation and define their dutios |
and the manner in which said commission |
ers NAV be removed and their terra of office |
ARTICLE XIX.
m
Inc stockhoiders shail not ne responsible
ior losses or damages incurred by said as
sociation beyonu tne amount OF capital
stocK heio or owned py MN or her respect
''eiy'
wherefore the SAID appearers each rep
resentlDg the number OF shares OF the
cap!lai SIOUX VI sdiu w orkhG men ACCOM-
bdnh SOU oppooioo AiS Haiao noFe-
10, ana together owning more THAN two
thirds OF the amount OF the capital stock OF
anu ueciare thaU the articles VI association
Of said WOrkingmen's Accommodation
Bank have been modified, added to and
altered so as to hereafter read or to be as
herein speclhed and written; that they do
Dy these presents aoopI anu puoiSh the
leIein oetaileu anu aihehdea articles Oh as
'ocihlion as anu IoI tho onai tSr VI saiu
BANK, ana tnat tney hereoy authorize ana
'equire the same to be recorded and pub
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