The herald., 1919-03-06
CHARTERS.

representatives at the said meeting being
the entire amount of outstanding capital
stock of the said bank to amend Articles =
9.l0 and II, of the charter Of said bank, so
as TO make said articles hereafter, read as
follows: :,
ARTICLE II-This association shall have
and possess all the powers granted to BANK,
ing associations, savings, safe deposit and
trust banks under the provisions of Act No.
100. approved March IS. 1885, entitled AN
Act to Establish a General System OF Free
Banking in the State OF louisiana as
amended and reenacted by various subse,,
Guent statutes OF the State Of Louisiana, and
particularly by the provisions OF Act No. ~
Of the Acts of 1888, approved july II, 1888,
Act No. 95. of the Acts OF 1872. approved
July 9TH, 1892. and Act No. 49, OF the Acts
Of 1902, approved June 81, 1902 This asso-
citation is specially authorized TO establish
and maintain its existing and additional
branches and to exercise all powers and func-
tions permitted to trust and saving banks
ARTICLE IX.-The Board of Director;
shall be elected annually, on the second
Tuesday of January of each year, except the
first Board of Directors heretofore appainted
by this charter. All such elections shall
be by ballot and conducted at the office Of
the association, under the supervision OF
three commissioners, to be appointed by the
Board of Directors. Notice OF such cleo
tions shall be given by publication not more
than fourteen nor less than ten days prior
to such election, in one more newspapers
published in the City OF New Orleans. Every
holder Of stock shall be entitled to one vote
| for each share of stock standing in his name
on the books of the association for not less
| than twenty days prior to the election, tc
| be cast in person or by written proxy; and
majority of the votes cast shall elect.
Any vacancy among the directors by death
| esignaton, otherwise, shall be filled by
| election for the remainder OF the term Of
the Board by the remaining directors
| failure to elect directors the date above
| specified shall not dissolve the corporation
| but the directors then in office shall re-
elected and qualified, and shall cause an
other election to be held as soon as pos
| sible thereafter, after notice shall have beer
published as above provided.
Seven directors shall constitute a quorum
| for the transaction of any business. The
Board Of Directors, except the first BoarC
! heretofore appointed by this charter, shall
| annually at the first meeting succeeding theii
! election, elect from their own number, By
ballot, President, and shall elect by bal
| two or more Vice-Presdents. Said BoarC
| Of Directors may appoint, from time to time
| such committees, officers, cashiers, clerks
agents and other employees as they may deem
necessary for the purposes and business o
/ the bank. The said Board may make anC
establish as we'll as alter and amend, an,
and all bylaws, rules and regulations neces
sary and proper for the conduct and man
! dgellent OF the business anu diIdlrs OF sdl'
corporation. All the corporate powers o
| this corporation are hereby vested in thu
said Board Of Directors, TO be exercised By
| said board by such committees or officer
as it may appoint, except. those specially
| reserved by law, and by this charter to thu
stockholders. The cashier to be appointed
by the Board shall be the custodian OF thu
seal OF the corporation, under such restric
| ton as the. Board may determine. which
seal shall be stalks of sugar cane in the form
of a wreath, enclosing bale OF cotton and
the words Whitney Central Trust Saw
! ings Bank Of New Orleans. La"
| ARTICLE X-Whenever this corporation
may be dissolved either by limitation o.
from any other cause, It's affairs shall b,
| liquidated by three stockholders, 70 be sp
pointed at d general meeting TO be convene