The herald., 1919-09-04
CHARTER.

thousand 10000 shares of the par value of
One Hundred (SlOOOO Dollars each" And it
was resolved at said meeting that Article
VII OF the Charter OF the Commercial Trust
Savings Bank be changed and amended so
as to read follows:
ARTICLE NII.-"Al the corporate powers
Of this corporation shall be vested in and
exercised by Board of Directors composed
OF thirty stockholders each of whom shall own
in his name not less than ten shares of
the capital stock of this corporation, and
twelve OF whom shall constitute a quorum
for the management and transaction OF
business" And it was resolved at said meet
ing that Article VIII of the charter of the
Commercial Trust & Saving Bank be changed
and amended so to read as follows:
ARTICLE WILTON the first Monday in
January of each year or on the next legal day
hereafter, if said first mentioned day be a
dies non, and annually thereafter, an election
by ballot for the Board of Directors shall be
held at the main banking house of the corpora
ton under the supervision OF three commits
slonerS appointed by the Board of
Directors. Motto e of said election shall be
given by publication three times in ten days,
in a daily newspaper in the City of New Or
leans the last notice to appear on the day Of
the meeting. Every holder of stock shall be
entitled to one vote for each share of stock
recorded in his or her name on the books of
the corporation to be cast in person or by
proxy; but no stakeholder shall be entitled to
vote at any election on any shares of stock
transferred to him or her within fifteen DAYS
Immediately preceding such election. The
persons receiving majority Of the votes cast
shall be duly elected and shall serve for the
ensuing year or until their successors shall
have been elected and qualified. In case
! there shall be no election of Directors on the
| day appointed an election for the same shall
| be held as soon thereafter as may be practi-
| cable on day to be fixed by the Board OF
! Directors; and previous notice of such election
| shall be given in the manner heretofore pro-
vded. The failure for any cause TO elect
| Directors upon the day or days stipulated
| shall not dissolve this corporation, but the
| officers and directors then in office shall
hold over until their successors shall have
been duly elected and qualified.
The Board Of Directors so elected shall al
its first meeting elect President and a Vice
President from among its members (who shall
hold office during the term of the Board max
ing such election; and in of vacancy il
any Of said positions the same shall BE-
filled by election by the Board Of Directors
The said Board Of Directors may elect othc
! Vice Presidents whether members Of saIC
| Board not and a Cashier and ASsistan
Cashiers and a Trust Officer and Assistan
Trust Officers, and may appoint such othc
officers to serve during the pleasure Of th
Board may be necessary in the conduct O
the business of this corporation, and shall 10
the compensation OF the same and combine
the duties of any such officer. The Board o
Directors shall have the power to prescrib
bylaws for the Government OF this corpora
ton and to name and appoint such committee
from among its members as the business o
the corporation may require and to fix tn
compensation OF the same, and delegate powe
and authority to the sane. Any vacanc,
which may exist or occur in the Board o
Directors shall be filled by said Board an
serve until the next ensuing regular elcctio'
or until the successors of said Board Shal
have been duly elected and qualified. Fac
member OF the Board not a salaricd office
shall be entitled to such fee for attendin
the meeting Of the Board Of Directors b.
said Board may be fixed. No stockholde
shall be eligible 70 membership on the Boar
Of Directors OF this corporation who shal
! he member Of the Board Of Directors Of m
other State Bank or Trust Company in III
Citv Of New Orleans except with the consca
and approval Of the Board Of Directors Of TN
! corporation"
Said anpearer declares that he is authorize
! and instructed 70 effect the amendments
the charter herein set out ard that he
| authorized n anuear before Notary Puhl'
IN and for this Parish and State for the M
mise If executing these amendments in a''7"1
&c form as p-ovidede by the laws of tn
State and that he does now appear before m'