The herald., 1919-08-28
CHARTER.

thousand (4OOUO shares of the par value OF
One Hundred $4,000 Dollars each And il
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 VII.-"All the corporate powers
| Of this corporation shall be vested in and
exercised by a Board of Directors composed
OF thirty stockholders each OF whom shall own
IN his own name not less tnan 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 il was resolved at said meet
| ing that Article VIII of the charter of the
Commercial Trust & Saving Bank be changed
and amended so as to read as follows
ARTICLE NIII.-"On the first Monday in
January of each year or on the next legal day
hereafter II 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
! sioners appointed by the Board of
| Directors. Motto 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
|
proxy; but no stakeholder shall be entitled to
vote at any election any shares of stock
| transferred to him or her within fifteen DAYS
| Immediately preceding such election The
persons receiving a 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
i 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 at
its first meeting elect a 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 in
any OF said positions, the same shall be
filled by election by the Board OF Directors.
! The said Board of Directors may elect othcr
| e-PreSldents whether members OF said
| Board OF not and a Cashier and Assistant
Cashiers and Trust Officer and Assistant
Trust Officers, and may appoint such other
officers to serve during the pleasure Of the
Board as may be necessary in the conduct Of
the business Of this corporation, and shall fix
the compensation Of the same and combine
the duties Of any such officer The Board OF
Directors shall have the power to prescribe
By Laws for the Government of this corpora
ton and 10 name and appoint such committees
from among its members as the business OF
the corporation may require and 10 fix the
compensation Of the same and delegate power
and authority TO the same. Any vacancy
which may exist or occur in the Board OF
Directors shall be filled by said Board and
| serve until the next ensuing regular elect rr
or until the successors of said Board shall
have been duly elected and qualified Each
member Of the Board not a salaried officer
| shall be entitled 70 such fee for attending
the meeting Of the Board OF Directors as by
| said Board may be fixed. No stockholdcr
shall be eligible 70 membership on the Board
| of Directors Of this corporation who shall
be a member Of the Board Of Directors Of any
other State Bank or Trust Company in the
Civ Of New Orleans except with the consent
and approval Of the Board Of Directors Of this
I corporation"
Said anpeare- declares tia. he is authorized
and instructed N effect the amendments 70
| the charter herein set ont and that he Re
| authorized ~ anrear before Notary Public
| in and for this Parish and State for the nu-
mise Of executing these amendments in ar'h"n-
tic form as p-ovidede bv the laws If this
State and that he does now appear before ne,