The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-25
CHARTER

, 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 &
Trust Company" and its dOmicile is here
by fixed in the City of New Orleans, Par
ish of Orleans, State of Louisiana; il
corporate name for term of ninety nine
600 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, as well as those now granted or
that may hereafter be granted by law TO
, 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 a corporate seal,
which is hereby described as follows
Triangular in form, with the words Lib
gin and the words, New Orleans La"
in the center thereof: To name, and ap-
point such Directors, officers managers,
clerks. attorneys, agents and other en-
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
Eice-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 it 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 275 to 3l5
| inclusive of the Revised Statutes of the
state of Louisiana, and to Act I66 of 1850
rs amended by Act $50 of 1883 and Act %
of 1892, Act - of 1902, Act 179 of 1902
| of 1906, Act of the Special Session of
| 1910 Act 121 of 1910, Act 1893 of 1910 Act
23S of 1910, Act 305 of 1914. Act 30 of the
Extra Session of 1915, Act 40 of 1916
Act 1S4 of 1915 and Act 22l 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
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
| Their rights, powers and privileges as may
be hereafter granted by law to such cor
| pOratiOns.
Article Iy.-The capital stock of this
corporation is hereby fixed at Two Hun
/ dred Thousand Dollars $500. OOO.O0) divid-
ed into and represented by Two Thousand
10000 shares of the par value of One
Hundred Dollars (S10OOO per share,
which capital stock shall be paid for in
cash at the price of One Hundred Dollars
| ($1OO.OO) per share; but said stock may
be increased to one million dollars ISL
| 900 100000, 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
| (S2OO,OOO.O0) 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.
The capital stock shall be fully paid
and nonassessable and when issued it
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.
Article v.-The business and affairs of
this corporation shall be managed and all
corporate powers thereof shall be vested
in and exercised by Board of Directors
composed of not less than five 90 nor
more than thirty 800 stockholders, and
third 1-3) 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-
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 |
i've (5) times during a period of one |
week in daily newspaper published in |
the City of New Orleans and by written |
cry stockholder of record at his last |
known address or If such address is I'M
known, then by mailing same to said |
stockholder, care General Delivery, of the |
Post Onice in New Orleans, Louisiana, at |
least one O 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 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 a day |
to be fixed by the Board of Directors |
previous notice of which said election |
no Qiy In lott
lished in the City of New Orleans five |
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 adj
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
for any cause to elect Directors upon the
date 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 &C.
cur among the Directors by death resig-
nation, or from any other cause shall be
tors by election from among the stock
holders and those so elected shall serve
for the unexpired term of said Board or
until new Board is elected and quail
fed as hereinabove provided for
Each member of this Board Of Directors
shall be entitled to such fee for attend
ing the meetings of the Board Of Direc-