The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-18
CHARTER

| by these presents covenant and agree and
] bind themselves, as well such persons
1 as may hereafter become associated with
| them and their successors, to form them
selves into and Ordain and establish {
| corporation and body polite in law foi
| the objects and purposes and under the
! StipulatiOns herein following, which they
| adopt as their Charter, tO-wit:
| Article This corporation shall be
| known and designated as, and its bust
| ness shall be carried on under the name
| style and title of the Liberty Bank &
| Trust Company" and its dOmicile is here
| by fixed in the City of New Orleans, Par
| ish of Orleans, State of Louisiana; il
| shall have and enjoy succession under Its
corporate name for a term of ninety mine
| 500 years, from its date, unless sooner
dissolved by the action of its StOckhOld-
ers as herein provided or as provided by
law. Under its corporate name it shall
have. enjoy and exercise all the rights,
powers and privileges hereinafter set
forth, well as those now granted or
that may hereafter be granted by law 10
corporations of this character, with full
authority to contract, sue and be sued,
plead and be impleaded. appear, answer
and prosecute in any and all Courts of
Justice, as well as proceedings outside of
Court: to make and use a corporate seal,
which is hereby described as follows
Triangular in form, with the words Lib
erty Bank * Trust Company" in the mar
gin and the words, New Orleans La.
in the center thereof: To name and APP
point such Directors, officers managers,
clerks, attorneys, agents and other EN-
plOyees to administer its affairs as may
be deemed necessary and proper, to make
and osdain such bylaws, rules and reg
nlationS for the proper management Of
its affairs as may be deemed necessary
aud proper, and the same to repeal, amend
and alter at pleasure.
Article II.-AlI citations and other legal
processes shall be served on the President
of this corporation, or in the event of his
a hgn A M IA 70 not fIAn 40
Ntcc-President who may be acting PreSi-
dent.
Article III.-TRe objects and purposes
for which this corporation is organized
and established and the nature of the bus
mess to be carried on by il are hereby
declared to be: To conduct a general
banking, savings bank, safe deposit, and
trust business under and in accordance
with the provisions of Sections 2I5 to 80
inclusive of the Revised Statutes of the
State of Louisiana. and to Act 1GG of 1850,
as amended by Act $50 of 1858 and Act %
of 1892, Act ~ of 1902, Act 119 of 1902,
Act 1S9 of 1902, Act 100 of 1904, Act 40
of 1906, Act > of the Special Session OF
1910. Act 121 of 1910, Act 1913 of 1910 Act
23S of 1910, Act 800 of 1914, Act % of the
Extra Session of 1915, Act 149 of 1916
Act ISL of 1916 and Act OBJ of 1916 of the
General Assembly of the State of LOuisi-
ana, as well as all other laws of the State
of Louisiana and all amendments thereun-
TO on the general subject of banking, saw
inGS banks, safe deposit, and trust bust
ness: To establish and operate one or
more branch banks in the Parish of Or
leans, in this State; and generally TO do
and perform any and all things and to
exercise and enjoy any and all rights
powers and privileges granted by said
acts and all other laws not inconsistent
Herewith, as well as such other and fur
ther rights, powers and privileges as may
be hereafter granted by law TO such cor
pOratiOnS.
Article IV.-The capital stock of this
corporation is hereby fixed at Two Hun
dred Thousand Dollars (S2O0. OO00OD divid-
ed into and represented by Two Thousand
l2OOO) shares of the par value of One
Hundred Dollars ($100.O0) per share,
which capital stock shall be paid for in
cash at the price of One Hundred Dollars
be increased to one million dollars ISL
OOO,OO0OO). in shares of the same amount
and par value, by resolution of the Board
of Directors. and upon complying with
the formalities prescribed in this Charter
When Two Hundred Thousand Dollars
(S2OOOOO.OO) has been subscribed and one
ha1f of said subscription has been fully
paid up in lawful money, this corporation
shall have the right to commence bust
ness: and it shall so commence on May
LIST. 1918.
The capital stock shall be fully paid
it shall be represented by certificates
which shall be personal property.
Transfers of stock of this corporation
shall be made only on the books of this
corporation by the stockholders in person
or by written proxy, and under such reg
ulatiOns as the Board of Directors may
prescribe.
Article V.-The business and affairs of
this corporation shall be managed and all
corporate powers thereof shall be vested
in and exercised by a Board of Directors
composed of not less than five 90 nor
more than thirty (30l stockholders and
One-third Q-3) of such Board shall cOnsti-
tute quorum for the transaction of all
business.
on the second Thursday in January of
each and every year, or on the next legal
day thereafter, if the second Thursday
be dies non, meeting of the stockhOld-
ers of this corporation shall be held at
its banking house in the City of New Or
leans under the supervision of two COM
missiOners appointed by the Board of Di-
rectOrs for the purpose of electing di-
rectOrs for the ensuing year and for the
transaction OF such future business as
may properly come before said meeting.
Notice of said meeting shall be given to
the stockholders by publication at least
five 90 times during a period of one
the City of New Orleans and by written
notice duly addressed and mailed to ev-
cry stakeholder of record at his last
known address or If such address is I'M
known, then by mailing same to said
stakeholder, care General Delivery, of the
Post Office in New Orleans, Louisiana at
least one % week prior TO said meeting
All elections shall be by ballot. The
stockholders shall first, by vote fix the
number of directors to serve during the
ensuing year and after such number has
been fixed, the said stockholders shall du-
ly elect said directors. The stockholders
receiving Il majority of votes cast at such
elections shall be duly elected and shall
serve for the ensuing year or until their
successors shall have been duly elected
and qualified. In case there shall be no
election of Directors on the day appoint
ed, an election for same shall be held as
soon as is hereafter practicable, on day
= be fixed by the Board of Directors,
previous notice of which said election
shall be given in a daily newspaper pub
times during one week, the last publica-
ton to be on the day appointed for such
vote or election, and by written notice |
duly addressed and mailed to each stock |
holder OF record at his last known ad- |
dress, or if such address is unknown then |
by mailing same to such stockholders !
care General Delivery of the Post Office |
New Orleans, Louisiana. at least one IN |
week prior to said meeting. The failure |
Tor any cause to elect Directors upOn the |
late appointed shall not dissolve this cor
pOratiOn, but the then Board of Directors |
shall hold over until their SUCCESSORS shall |
have been duly elected, qualified and in |
stalled.
Any vacancy which may exist or oc- |
FUR among the Directors by death. resig- |
nation. or from any other cause shall be |
1lled by the remaining Board of Direc-
-ors by election from among the stock |
holders and those so elected shall serve |
'or the unexpired term of said Board or |
until a new Board is elected and ouaIi- |
led as hereinaboye provided for.
Each member of this Board of Directors |
shall be entitled to such fee for attend