The herald., 1918-04-11
CHARTER
CHARTER OF
1.-THE LIBERTY BANK & TRUST CO."
United States of America, State OF Lou
isiana. Parish Of Orleans, City OF New
Orleans.

1.-THE LIBERTY BANK & TRUST CO."
United States of America, state OF Lou
isiana, Parish Of Orleans, City OF Ne"
Orleans.
Be it known, that on this eighteenth
day of the month of March, in the year
of our Lord, one thousand, nine hundreH
and eighteen, and of the independence OF
the United States of America, the one
| Hundred and Forty second, before me-
w. Morgan Gurley, a Notary Public, du-
| ly commissioned and qualified. in ana Tor
| the Parish of Orleans, State of Louisiana,
| therein residing, and in the presence OF
the witnesses hereinafter named and I'M
dersigned. personally came and appeared
| The several persons whose names ana
| residences are hereunto subscribed, or full
age of majority, who seyerally declare:
! that ayailing themselves of the benefits OF
provisions of the Constitution or the state
| of Louisiana and of the laws OF said
State relative TO the organization OF cor
| pOratiOnS, and TO the business OF banking
| and particularly Sections 2I5 10 81, both
| inclusive of the Revised Statutes OF the
/ State of Louisiana. and TO Act loo OF the
Session of the Legislature of 1850 and
! amended by Act $50 of 1855 and Act 90
| of 1892 Act 10 of 1902 and Act li9 or
| 1902 of the General Assembly of the State
| of Louisiana and all amendments thereot
| they have cOvenanted and agreed, and do
/ by these presents covenant and agree, and
bind themselves. as well as such persons
as may hereafter become associated with
them and their successors, to form them
selves into and Ordain and establish a
corporation and body polite in law for
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 x
Trust Company" and its dOmicile Is here
by fixed in the City of New Orleans, Par
iSh of Orleans, State of Louisiana; it
shall have and enjoy succession under its
I for of ~
(g9J years. from its date, unless sooner
dissolved by the action of its stockhold-
eTS as herein provided or as provided by
law. Under its corporate name il shall
have, enjoy and exercise all the rights,
powers and privileges hereinafter set
| forth. as well those now granted or
| that may hereafter be granted by law TO
corporations of this character. with full
| authority to contract. sue and be sued,
plead and be implicated. appear. answer
and prosecute in any and all Courts OF
Justice, as well as proceedings outside of
| Court; to make and use corporate seal,
which is hereby described as follows
| Triangular in form, with the words Lib
erty Bank & Trust Company" in the mar
| in the center thereof: To name. and ap-
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 ordain such bylaws, rules and reg
ulations for the proper management of
| its affairs as may be deemed necessary
and proper, and the same TO repeal, amend
| and alter at pleasure.
| Article II-All citations and other legal
processes shall be served on the President
| of this corporation, or in the event of his
| absence or inability to act then upon the
Vice President, who may be acting Presi-
dent.
Article III-The objects and purposes
for which this corporation is organized
and established and the nature of the bus
mess to be carried on by II are hereby
declared to be: To conduct a general
trust business under and in accordance
with the provisions Of Sections 2d5 to 3lS
inclusive of the Revised Statutes of the
state of Louisiana, and to Act 166 of 1850
as amended by Act $50 of 1883 and Act o
of 1892, Act As of 1902. Act 119 of 1902
Act 1S9 of 1902, Act 100 of 1904, Act 14C
of 1906. Act 2 of the. Special Session Of
1910. Act 121 of 1870 Act 1893 of 1910. Act
23S of 1870 Act 305 of 1914. Act 80 of the
Extra Session Of 1915, Act 149 of 1915
Act 1S4 of 1916 and Act POI 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 hts
acts and all other laws not inconsistent
| Herewith, as well as such other and fur
Their 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 $500, 0O0.00) divid-
ed into and represented by Two Thousand
Hundred Dollars (s16OOO) per share
which capital stock shall be paid for in
cash at the price of One Hundred Dollars
(S1OO00) per share: but said stock may
| be increased to one million dollars ISL
900 ,0OO.O0), 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
| $500, 0O0.00) has been subscribed and one
half 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.
and worcestershire and when issued il
it shall be represented by certificates
which shall be personal property.
Transfers of stock of this corporation
corporation by the stockholders in person
or by written proxy, and under such reg
ulations as the Board of Directors may
prescribe.
this corporation shall be managed and al
corporate powers thereof shall be vested
in and exercised by a Board of Director:
composed of not less than five (5) mol
more than thirty (30) stockholders, and
one third 1-3) of such Board shall consti
tute a quorum for the transaction of al
business.
on the second Thursday in January o.
each and every year, or on the next lega
day thereafter, il the second THURSDAY
be dies non, a meeting of the stockhold
ers of this corporation shall be held a.
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 tn,
transaction of such future business a!
may properly come before said meeting.
Notice of said meeting shall be given Il
fthe stockholders by publication at leas
tive (5) times during a period of on'
week in a daily newspaper published In
the City of New Orleans and by writer
notice duly addressed and mailed to ev
known address or il such address is un
known, then by mailing same to SAID
stakeholder, care General Delivery, of thu
Post Office in New Orleans, Louisiana a.
least one ~ week prior to said meeting
All elections shall be by ballot. TIL,
stockholders shall first, by vote fix tn,
number of directors to serve during tn,
been fixed, the said stockholders shall du
ly elect said directors. The stockholderi
receiving a majority of votes cast at sucf
elections shall be duly elected and shall
serve for the ensuing year or until thei
successors shall have been duly elected
and qualified. In case there shall be M
election Of Directors on the day appoint