The herald., 1918-04-04
CHARTER
CHARTER OF
THE LIBERTY BANK & Trust CO.
United States OF America. State OF Lou
I iSiana Parish of Orleans. civ of New

be II kuoNA NLdt pA ms
dsv of the month of March. in the year
, ! OF our Lord, one thousand, nine hundred
and eighteen. and OF the Independence o.
the United states Of America. the tne
Hundred and Forty-secOnd. before me,
, W Morgan Gurley. Notary PUBIC, ou-
| Is commissioned and qualined. IN ana tor
the Parish of Orleans. state OF LoulSlan4 4;
s therein residing. and in the presence OF
the witnesses hereinafter named ana IN
, derSicuet personally came and appeared A.;
; The several persons whose names ana
: residences are hereuntO subscribed. OF run
age OF majority. who sever2lLy declare.
: that awaiting themselves of the dement's or
, provisions of the Constitution OF the state
= OF Louisiana and OF the laws OF sa41
/, state relative 10 the organization OF cor
poratioE>. and 10 the business OF banking
: and particularly Sections 2I5 TO 3lI. botn
: inclusive, Of the Revised statutes OF the
: State OF Louisiana. and 10 Act loo OF the
e Session Of the Legislature OF 1919 ana
amended by Act 80 of ISIS and Act 20
OF l>g2 Act ~ Of 1902 and Act lag Of
: 1892 Of the General Assembly OF the state
; OF Louisiana and all amendments Thereon
{ they have coyeuauted and agreed, and 90
= by these presents covenant and agree, and
' bind them selves. a. well as such persons
a. may hereafter become associated with
them and their successors, to form them
selves into and Ordain and e>tahish q
D corporation aud body polite IN law i2E
? the objects and purposes and under the
D StipulationS herein following. which they
p 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
81 Trust Company" AMI its domiclle is here
To- by fixed in the City OF New Orleans Par
= iSh OF Orleans State of Louisiana; II
: shall have and enjoy succession under its
70 corporate name for term OF ninety nine
tdi>>Olyed by the action Of its >toc kho.t-
e erS herein provided or "a provided by
- Law. Under its corporate name IL SHAH
= have. enjoy and exercise all the rights,
Y rarfr in At Ta- ElT
4 forth. a well a. 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 implicated appear. answer
> and prosecute in any and all Courts OF
4 f, Justice, well as proceedings outside OF
!, Court: 20 make and use a corporate seal
: which i hereby described aS follows
= Triangular in form. with the words Lib
A erty Bank 4 Trust Company in the mar
y | gin and the words New Orleans. La
- point such Directors. officers managers
n clerks. attorneys. agents and other en-
: plOyees TO administer its affairs as may
j. be deemed Necessary and proper, 10 MAKE
A and ordain such bylaws, rules and reg
!. ulatiOns for the proper management o.
y its affairs as may be deemed necessary
= and proper and the same to repeal amend
- and alter at pleasure
; Article II-Al citations and other lega
q processes shall be served on the Presiden
n OF this corporation, or in the event of hi
l. absence or inability 10 act then upon m
" Vice-PreSident who may be acting PreSi
r dent.
/ Article III-The objects and purpose
for which this corporation Is organized
Is and established and the nature Of the bus
81 mess 10 be carried on by il are hereb'
"a declared 10 be. To conduct a genera
81 banking. savings bank, safe deposit, an'
n trust business under and in accOrdanc
ot with the provisions of Sections 20 TO 81
d inclusive of the Revised Statutes of III
? state Of Louisiana. and TO Act l65 of 1S55
10 a amended by Act 80 of ISIS and Act q
Of 1SG2, Act ~ OF 1902. Act 179 OF 1907
X Of 1906 Act Of the Special Session o
/ 1910 Act l2l of 1910 Act 1913 OF 1910. Ac
ID rs of 1910. Act 305 OF 1914. Act - OF III
a Extra Session of 1915. Act li9 OF 1917
D. Act ia of 1916 and Act 22l OF 1916 OF III
7 General Assembly of the State of Louisi
L ana. as well as all other laws Of the stat
Z Ot Louisiana and all amendments thereun
10 on the general subject Of banking. saw
Oh ingS banks. safe deposit, and trust bust
IL ness: To establish and operate one o
: more branch banks in the Parish of Or
% leans, in this state; and generally 70 d
: and perform any and all things and &
% exercise and enjoy any and all rights
e powers and privileges granted by SAT-
4 acts and all other laws not incOnsisten
herewith. well as such other and fur
l. Their rights. powers and privileges as ma
d be hereafter granted by law 10 such cor
'n pOrations.
IN Article IV.-The capital stock of thi
10 corporation is hereby fixed at Two Hun
oe bred Thousand Dollars $500 cocoon divid
80 ed into and represented by Two ThOusan
= Hundred Dollars Csl0OOO) per shar,
n which capital stock shall be paid for i
"A cash at the price of One Hundred Dollar
On $4,000 per share: but said stock ma
~ be increased to one million dollars Isl
= GO 000.O0). in shares of the same amour
an and par value, by resolution of the Boar
y Of Directors. and upon complying wit
ne the formalities prescribed in this Charte
n and bylaws
n When Two Hundred Thousand Dollar
a. $500 100000 has been subscribed and one
. half OF said subscription has been full
H. paid up in lawful money, this corporatio
"a shall have the right to commence bus
he ness: and j. shall so commence on Ma
bba a The capital stock shall be fully pal
ia and nonassessable and when issued
4 it shall be represented by certificate
s. which shall be personal property.
. Transfers of stock of this corporatio
no shall be made only on the books of thi
1y corporation by the stockholders in perso
K or by written proxy, and under such res
a. prescribe.
nj Article y-The business and affairs {
n this corporation shall be managed and a
~ corporate powers thereof shall be veste
10 in and exercised by Board Of Director
l. composed Of not less than five 90 no
ia more than thirty 500 stockholders, an
I'd one-third 1-3) OF such Board shall const
tute quorum for the transaction of a
nm business.
a On the second Thursday in January
no each and every year. or on the next leg;
o. day thereafter. If the second Thursda
= be dies non, a meeting OF the stOckhold
on ers of this corporation shall be held
in its banking house in the City of New Or
N leans under the supervision of two CON
nd missioners appointed by the Board OF n
r. rectors for the purpose of electing d
ar rectors for the ensuing year and for III
" transaction of such future business q
4 may properly come before said meeting
al Notice Of said meeting shall be given
n the stockholders by publication at lea'
D. i've 90 times during a period Of on
@ week in a daily newspaper published
is the City Of New Orleans and by write
notice duly addressed and mailed to e1
he cry stakeholder of record at his la.
K known address or IL such address is ur
cd known, then by mailing same 10 sal
n stakeholder, care General Delivery. of th
~ Post Office in New Orleans, Louisiana.
on least one "a week prior to said meetini
ns All elections shall be by ballot TT
81 stockholders shall first. by vote. fix n
e. number of directors to serve during th
r. ensuing year and after such number hs
ba been fixed. the said stockholders shall dT
an ~ elect said directors. The stockhoIder
he | receiving a majority of votes cast at sue
rs elections shall be duly elected and sha
NO serve for the ensuing year or until the
nd successors shall have been duly electe
ali and qualified. In case there shall be Z
at election Of Directors on the day appoin
RS ed, an election for same shall be held
TO soon as is hereafter practicable, on a da
Of to be fixed by the Board OF Director
p shall be given in a daily newspaper pul
III in hn ~ ~ nr1na a,