The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-18
CHARTER.
AMENDMENT Tc CHARTER OF THE
COMMERCIAL TRUST & SAVINGS
BANK, NOW CANAL-COMMER-
CIAL TRUST & saw
INGS BANK

United States OF America; State of LouisI.
anna; Parish OF Orleans; CIty OF New
orleans. BE 1t known that on the ninth
Gay OF August IN the year of Our Lord One
thousand Nine Hundred and Nineteen, before
me, Herman L. Barnett, Notary Public in and
| tor this Parish and State and therein resid
ing and IN the presence OF the witnesses
hereinafter named and undersigned: per-
sonaIIy came and appeared, Paul IL Saunders.
VINO declared that at a general and special
| meeting OF the stockholders OF the CONNER
clai Trust X Savings Bank, corporation
| created under the laws OF the States OF
| louisiana. as per act OF Incorporation excut-
| before Charles /. Soniat, Notary on NV
2Sth, 1902 and recorded in the Mortgage OF
| nee OF this City in Book rs, Folio ll3. and
various amendments thereto subsequently
| had and recorded in various books of the Mort
gage Office. called for August 9th. 1919. and
| held in the Directors Room of the said Com.
| mercial Trust & Saving Bank at S05 Common
| Street on said date, after notice had been
duly gwen upon a resolution of the Board OF
Directors OF said Bank and afr publication
and advertisement OF said meeting in the daily
| newspapers in accordance with the Banking
Laws OF the State of louisiana, and after
1t had been established that the said meet
ing had been called in proper manner with
due delays, advertisement and formalities
and tellers having been appointed at said
meetln 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
torty-three shares represented in person out of
twelve thousand five hundred shares CON
shutting the total stock of said corporation.
ii was unanimously resolved that the capital
stock of the Commercial Trust & Savings
Bank be increased and established at the sum
of Four Million (S400O,0O0OW Dollars divided
into forty thousand $4,000 shares of the par
value of One Hundred $4,000 Dollars each.
And at said meeting, il resolved that
Article | of the Charter Of the Commercial
Trust & Saving Bank be changed so as to read
follow:
ARTICLE 1.-The name of this Banking
Corporation shall be '!Canal- Commercial
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 |
UOOO) Dollars TO be dividede into forty
thousand (DOU) 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 50
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 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 quorum
tor the management and transaction of
business And it resolved at said meet
ng that Article VIII of the charter of the
commercial Trust & Saving Bank be changed
md amended so as to read as follows:
ARTICLE WILTON the first Monday in
anuary of each year or on the next legal day
hereafter, If said first mentioned day be a
hes non, and annually thereafter an election
~ ballot for the Board of Directors shall be
leId at the main banking house of the corpora {
ION under the supervision of three commits / T
toner's appointed by the Board of a
directors. Motto of said election shall be !
iven by publication three times in ten DAYS i
n daily newspaper in the City of New Or I
cans the last notice to appear on the dav Of d
he meeting. Every holder of stock shall be
Untitled to one vote for each share Of stock
ecorded IN his or her name on the books OF
he corporation to be cast in person or by
roxy; but no stakeholder shall be entitled 10
ote at any election on any shares Of stock
to him or her within fifteen DAYS
preceding such election. The Il
ersons receiving a majority OF the votes cast l.
hall be duly elected and shall serve for the a
nsuIng year or until their successors shall o.
dHc DttH erected ana quallfled. In case "
here shall be no election of Directors on the Il
ay appointed an election for the same shall
e held as thereafter as may be practi- -,
able on a day to be fixed by the Board Of 4
directors; and previous notice of such election
lall be given in the manner heretofore pro
ded. The failure for any cause 10 elect
directors upon the day OF days stipulated
lall not dissolve this corporation, but the
ficers and directors then in office shall <
Did over until their successors shall have g.
zen duly elected and qualified. &
The Board of Directors so elected shall at in
S first meeting elect President and a Vice Of
resident from among its members (who shall
I'D office during the term OF the Board max ,
G such election; and in case of vacancy in !,
~ of said positions, the same shall be ~
lied by election by the Board Of Directors.
he said Board of Directors may elect other
ce-Presidents whether members of said Al