The herald., 1918-03-28
CHARTER

inclusive of the Revised Statutes OF the
State of Louisiana, and to Act 100 OF io9 ~
of 1S92, Act As of 1902, Act 119 OF 19O2
Act 1S9 of 1902 Act 100 of 1904. Act lao
of 1906, Act of the Special Session OF
1910, Act 121 of 1910 Act 1893 of 1910 Act
DPS of 1910 Act 305 of 1914, Act % of the
Extra Session of 1915, Act 1i9 OF 1915,
| Act 1874 of 1916 and Act 221 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 busl-
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 ana 10
exercise and enjoy any ana All rights
powers and privileges granted by sara
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 (S20OOOOO diyid-
ed into and represented by Two Thousand
(2OOOl shares of the par value or one
Hundred Dollars (SlOO.OOD per share
which capital stock shall he paid for in
cash at the price of One Hundred Dollars
(Sl00.O0) per share; but said stock may
be increased to one million dollars ISL
900 OOO.OO). in shares of the same amount
of Directors. and upon complying with
the formalities prescribed in this Charter
and bylaws.
$500. OOO.OOI 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 il shall so commence on May
The capital stock shall he fully paid
and worcestershire and when issued it
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, ana 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 500 stockholders, and
one third 90 of such Board shall cOnsti-
tute a 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
he a dies non, a meeting of the StOckhOld-
erS of this corporation shall be held ut
its banking house in the City of New Or
leans under the supervision of two COM
missioners appointed by the Board OF l1i-
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 (5l times during period of one
week in a daily newspaper published IN
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 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-
| Iy elect said directors. The stockholders
receiving a 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
| to be fixed by the Board of Directors,
previous notice of which said election
shall be given in daily newspaper pub
| 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 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 ID
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 oc-
cur among the Directors by death, resig-
nation. or from any other cause, shall be
| filled by the remaining Board of Direc-
| tors by election from among the stock
holders and those so elected shall serve
| for the unexpired term of said Board or
until a 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-
i tors as by such Board may be fixed.
Special meetings of the stockholders
| may be called in the manner provided for
/ by the bylaws of this corporation and
the Board of Directors may be increased
or reduced in number, and partly or en-
tirely removed at any such special meet
ing of the stockholders. All stockhold-
ers' meetings shall be held in accordance
with, and in the manner provided by the
bylaws of the corporation.
| At all elections for Directors and at all
meetings of stockholders each stockhold-
er shall be entitled to one (D vote for
/
of such stakeholder on the books of this
corporation, but no stakeholder shall be
entitled to vote at any election on any
| shares of stock transferred to him with
in the thirty days Immediately preceding
such election.
The Board of Directors shall at its first
meeting elect from among its members a
President, and one or more Vice resi-
dents, who shall hold their respective Of
fees during the term of the Board max
ing such elections, and in case of vacancy
in any of the said positions, the same
shall be filled by election Of the Board OF
Directors for the remaining term. The
said Board of Directors may designate
and appoint such other VicePresidents
mot members of said Board), a Cashier
| Assistant Cashier. Officers, Attorney at
| Law, Agents. Clerks and other officers and
| employees as may be necessary or eXpe-
dent in the conduct of the business of
pensation of all such officers, attorneys,
| agents and employees. All persons APP
| pointed by the Board of Directors as
above shall hold office at the pleasure of
| the Board.
| The Board of Directors shall have pow
er to prescribe bylaws for the govern
ment of this corporation not incOnsist-
ent with the laws or provisions of this
| Charter and may name and appoint such
| committees as may be necessary and con-
venient, and may vest in said committee
| all such power and authority as the said
Board itself has and enjoys.
| Article VI.-This Act of Incorporation
may be modified, changed. or altered; the
capital stock may be increased, decreased,
modified or added to, or the number of
shares may be changed by a vote of two
thirds (2-3) of the amount of the capital
| stock issued and outstanding at a gen
eral meeting convened and held for such