The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-11
CHARTER.

| thousand (40,OOO) shares of the par value n
One Hundred $4,000 Dollars each" And /,
was resolved at said meeting that Article
VII of the Charter of the Commercial Trust
Savings Bank be changed and amended Sc
! as to read as follows:
| ARTICLE VII-"All the corporate noy,a-s
OF this corporation shall be vested in and
exercised by a Board of Directors comnosed
OF thirty stockholders each of whom shall oyrr,
IN ms own name not less than ten shares of
the capital stock of this corporation. and
twelve of whom shall constitute quorum,
tor the management and transaction OF
business And 1t 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 dav he a
dies non. and annually thereafter an election
by ballot tor the Board of Directors shall be
held at the main banking house of the CORPORA
non under the supervision of three commits.
Sioners appointed by the Board of
directors. Nolc OF said election shall be
gwen 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 he
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 n
vote at any election on any shares of stock
transferred to him or her within fifteen davs
immediately preceding such election The
persons receiving majority of the votes cast
snail be duly elected and shall serve for the
ensuing year or until their successors shall
nave been elected and qualified. In case
there snail be no election of Directors on the
day appointed an election for the same shall
be held thereafter as NAV he practi.
cable on a day to be fixed by the Board OF
directors; and previous notice of such election
snail be gwen in the manner heretofore pro
vided The failure for any cause 10 eIert
directors upon the day or days stipulated
shall not dissolve this corporation. but the
officers and directors then in office shall
mold 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 Cxho shall
hold Office during the term Of the Board max
ing such election; and in case of vacancy in
any OF said positions, the same shall be
TILED by election by the Board of Directors
The said Board of Directors NAV elect otbe-
wee PRESIDENTS whether members of said
board or not and a Cashier and Assistant
1aShierS 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 Governments of this corpora-
ton and to name and appoint such committees
from among its members as the business of
the corporation may require and to fix the /
compensation of the same. and delegate power /
and authority 10 the same. Anv vacancy /
which may exist or occur in the Board o. /
Directors shall be filled by said Board and /,
the Director or Directors so elected shall |
serve until the next ensuing regular election /
n until the successors Of said Board shall |
have been duly elected and qualified Each ,
member Of the Board not salaried Officer |
shall be entitled to such fee for attending !
he meeting OF the Board Of Directors as by |
said Board may be fixed. No stockholdc-
shall he eligible 70 membership on the Board |
# Directors Of this corporation who shall |
De member Of the Board Of Directors Of any
'ther State Bank or Trust Company in the
0itv of New Orleans except with the consent
md app-oval Of the Board of Directors Of this
Said appearer declares that he is authorized
nd instructed 70 effect the amendments 70
he charter herein set out and that he i |
% appear before a Notary Public
n and for this Parish and State for the pur
ose Of executing these amendments in anthem
&c form as providede by the laws Of this
'tate and that he does now appear before me,