New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-03-16
LAWS OF THE STATE OF LOUISIANA.
PUBLISHED BY AUTHORITY.
REGULAR SESSION OF 1876.
No. 43.
AN ACT
AN ACT


To amend article second of an act to incOI-
porate the Citizens Savings Bank, ap-
proved April "a, 1872. and to authorize
said corporation to acquire and dispose
of real estate, hold trust funds, receive
deposits from minors and married women,
and pay out the same without the author
izstion of the parent, tutor or husband.
SECTION l.. Be it enacted by the Senate
snd House of Representatives Of the State
OF Louisiana in General Assembly convened.
mat ArClclo second OF an act entitled an
Pot to incorporate the Citizens Savings
Bank, approved April "a, 1872, be amend
eu ana re-onacted 30 as to read as follows:
ARTICLE II.
This corporation is hereby authorized and
empowered to receive on deposit from all
ward, and to pay out the same by check or
otherwise, and for which interest ehall be
paid in accordance with this act and the BY
laws of this corporations; also to receive for
safe keeping valuables Of all kinds, and to
rent safes for the purpose of keeping valua-
bles. Deposits shall draw interest at the
rate Of six per cent per annum, and the in.
terest shall be placed to the credit of the de-
positOrs on the first of July and January of
each year; higher rate OF interest may be
paid by special agreement, and all sums of
money deposited with the corporation shall
be repaid to the depositOr under such regu-
lations as the board of directors shall pre-
scribe; provided, that no regulations shall
be made by said board of directors by which
said repayment shall be delayed more than
sixty days from demand for such repayment
by any depositOr.
SEC. 2. Be it further enacted, etc., That
acquire, hold and possess such real estate
- msy be deemed necessary for conduct
ing the business of the corporation, and also
to hold and possess such real estate as may
be acquired from the foreclosure of mort
cages to the corporation in the collection Of
it, debts; but all real estate, except such as
may be deemed necessary to the trans
action of its business, shall be disposed of
1t furthest within tive years from the date
of its acquisition.
Sec. 3. Be it further enacted, etc.. That
the said corporation shall be authorized to
hold any trust funds or moneys belonging
to euccessiOne. minors or other parties, as
shall, by or under the decree of any
court of record within this State be ordered
to be deposited with said corporation.
Sec 4. Be it further enacted, ETC., That
the said corporation shall be authorized to
receive deposits from minors and married
women, and to pay over and deliver the
same, by check or otherwise, to the minor,
without the authorization Of the parent or
tutor, and to the married woman without
tho authorization of her husband.
Sec. 5. Be it further enacted. etc., That
all laws and parts Of laws in conflict with
the foregoing are hereby repealed, and that
this act shall take effect and be in force
from the passage thereof. -
(Signed) E. D. ESTILETTE,
Speaker of the House Of Representatives.
(Signed) G. c. ANTOINE,
Lieutenant Governor and President of the
Senate.
Approved March IA, 1876.
lSigned) VIM. P. KELLOGG,
Governor of the State of Louisiana.
A true copy.
P. G. DEsLONDE,
Secretary Of State