The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-25
CHARTER.
AMENDMENT TO CHARTER OF THE
COMMERCIAL TRUST & SAVINGS
BANK, NOW CANAL-COMMER
ClAL TRUST & saw
INGS BANK

United States OF America; State of I.,,;si
anna; PARISH OF Orleans; CIV al Me-,
Of4edns. BE II known that on the nfntb
day OF August In the year OF Our Lord on
thousand Nine Hundred and Nineteen before
ne, Herman l.. Barnett, Notary Public -, -
'oF ms Parlsh and State and therein resid.
ing and IN the presence OF the xItnesss.
hereinafter named and undersigned; Der.
sJHd4ly came and appeared, Paul H. Saunders
VINO declared that at a general and special
meeting OF the stockholders OF the Com.n-r-
cld' Trust Savings Bank corpora,i,,,,
| created under the laws OF the States ~,
/ louisiana as per act OF Incorporation ex,1t-
! D@.2ie OfarleS /. SJuiat, Notary on Nay
-'tl, ~ and recorded in the Mortgage OF
! nee OF this City in Book 725, Folio ll3. and
! various amendments thereto subsequently
mad and recorded IN various books of the Nori-
! gage Oitlce. called for August 9th 1919. and
held IN the Directors Room OF the said Com
| herclaI Trust X Saving Bank at sos Common
| Street on said date, after notice had been
| duiy gwen upon a resolution of the Board of
| Directors OF said Bank and aft.r publication
ana advertisement Of said meeting in the daily
newspapers IN accordance with the Banking
Laws OF the State of louisiana, and after
II mad been established that the said meet
ing had been called in proper manner with
due delays, advertisement and formalities
ana teliers having been appointed at said
meetn establishing the fact that there were
eight thousand shares of the capital stock of
SAID Commercial Trust & Savings Bank re-
presented by proxy, and four thousand and
forty-three shares represented in person out of
twelve thousand five hundred shares CON
shutting the total stock of said corporation
It was unanimously resolved that the capitaI
stock of the Commercial Trust & SAVINGS
Bank be increased and established at the sum
OF Four Million (S4OOO.0OOOO) Dollars, divided
into forty thousand $4,000 shares of the par
value OF One Hundred $4,000 Dollars each
And at said meeting. it was resolved that
Article | of the Charter of the Commercial |
Trust & Saving Bank be changed so as to read
as follow:
ARTICLE THE name of this Banking
Corporation shall be '!Canal- Commercial
Trust & Savings Bank and it shall have and |
ENJOY succession for ninety nine years from .
the date of this amendment" And it was |
resolved at said meeting that Article of the
Charter OF this Bank be changed and amend.
ed SO as to read follow:
ArticeV.-"The capital stock of this Bank
is hereby established at Four Million $4,000.
00O0) Dollars to be dividede into forty
thousand (4O,OO) shares of the par value Of
One Hundred (Sl000O) 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 VII.-"All the corporate powers
OF this corporation shall be vested in and
exercised by Board of Directors composed
Of tnirty 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
tor the management and transaction of I
business And it was resolved at said meet t
ng that Article VIII of the charter OF the
commercial Trust & Saving Bank be changed
and amended so as to read as follows: T
ARTICLE NIII-"On the first Monday in Y
January of each year or on the next legal dav c
,eFeatter' II said first mentioned day be a 5
lies non, and annually thereafter an election {
BY ballot for the Board of Directors shall be
ieId at the main banking house of the corpora.
ION under the supervision Of three commits
loners appointed by the Board OF "
directors Motto OF said election shall be =
"Feh by publication three times in ten DAYS !
n daily newspaper in the CITY of New Or J,
cans the last notice to appear on the Jav Of .
ne meeting. Every holder of stock shall be u
nutied to one vote for each share Of stock
eCoFded IN his or her name on the books %
ne corporation to be cast in person or by
roxy; but no stakeholder shall be entitled 70
ote at any election on any shares Of stock
to him Or her within fifteen DAYS
preceding such election. The in
ersons receiving a majority Of the votes cast
nall be duly elected and shall serve for the a,
nsuing year or until their successors shall ~
A'N '1N' tiEN.tQ anu VNdlllcl. In i,,-
lere shall be no election Of Directors on the y
ly appointed an election for the same shall
e held as soon thereafter as may be practi-
able on day to be fixed by the Board Of pr
directors; and previous notice OF such election A
laII be given in the manner heretofore pro
ded. The failure Tor any cause to elec,
irectors upon the day or days stipulated
lall not dissolve this corporation, but the
iicers and directors then in office shall 20
I'D over until their successors shall have ma
zen duly elected and qualified. q
The Board of Directors so elected shall al in
5 first meeting elect a President and Vice Of
resident from among its members (who shall
Id office during the term Of the Board max
g such election; and in case of vacancy in IA
y OF said positions. the same shall be Au
led by election by the Board of Directors.
lie said Board of Directors may elect other
ce-Presidents whether members of said Al