The herald., 1921-04-14
CHARTER.

ed BY CarOndelet. Gravier. Union ana Ia |
rome Streets and having the entire 'front.' !
age ON Carondelet Street between Gravief |
and Union Streets upon which Is present |
" being erected the steel and stone struc- |
ture known or to be known as the III,
hernia Bank building and to he occupied
in part by Hiberna Bank N Trust Com
pany of New Orleans, Louisiana, and tn
assume the obligations of. said building
contract and all other contracts pertain
ing 10 said construction work: and in
connection Herewith. 10 acquire, con
struct, own. maintain and operate safety
deposit vaults and vaults for the storage
of valuablrs and other property; to lease
out and operate said building in whole or
in part as an office building, and;
TO do and perform any and all such
things and to exercise and enjoy any or
all rights powers as may be pertinent
or gcrmane to the objects and purposes
hercinbefore specifically provided for.
| ARTICLE IV-The Capital Stock of
| this corporation is hereby fixed at Three
| Million (S3, 900 OOO.OOl Dollars. divided in
to and represented by thirty thousand
! (3OOOO) shares of the par value of one
hundred ($1OO) dollars each.
Said stock shall be paid for in cash at
such time. in such amounts and after
such notice to the subscribers as may be
fixed by the Board of Directors. or the
same may be issued az not less than
par for labor done or property actually
| received by the corporation.
This CORPORATION shall become going
concern and be authorized to do business
as soon as the full amount Of its authorized
capital shall have been subscribed and
| maid for, The amount to which the CAPT.
tai stock of this corporation may be in
creased shall he the sum of Five Million
CS5.O 900. OOO.00) Dollars. which said an
creased capital may be OF one or more
kinds or classes of stock.
! ARTICLE V-An the corporate powers
| of this CORPORATION shall be vested i'm and
. .N- ;Sa bN- u I.pgrI of Directors to he
composed of seven ca stockholders 10 he
, elected annually NJ general meeting
of stockholders to be held on the second
4, Tuesday i'm March of "aCn year. y ma
iority of directors shall ut all times con
, Stitute quorum for the Transaction OF
, business.
All such elections shall be held by bal
lot and conducted at tn" office of this
lcOrporatiOn under the supervision OF three
commissioners. to be appointed by th'
Board of Directors.
, Notice of such meeting and of all Other
- stockholders meetings shall he given IL
p the manner prescribed by law. and Whei
4 not so prescribed. then written notice %
r such meeting shall be deposited mt lraS
, fifteen 90 DAYS prior to the date of sai'
4 meeting in the Post office in the cit!
!, Of New Orleans, postage prepaid. address
. | ed to each stakeholder at his last KNOW
. residence or place of business.
h At all such elections and at all cor
i purate meetings. every stakeholder Shal
= be entitled to one vote Tor each share o
stock standing in his name on the book
| of the corporation, to be cast by him II
> | person or by his written proxy. and
a ! majority of such votes cast shall elect
u Any vacancy occurring among the dircc
I tors by death. resignation or otherwise
( | shall be filled by election for the uneN
u | pired term by the remaining directors.
p 4 failure to elect directors on the da!
a above specified shall not dissolve the cor
:, poration. nor impair IFS corporate exist
n ence and management. but the director
Q then in office shall remain in oiflce nntl
a | their SUCCESSORS shall have been dull
II elected and qualified.
1. The Board of Directors shall at thei
e first meeting elect from their own mum
II her n President and Vice president
d They shall also elect n Secretary and
% Treasurer or one person to act as bot
.. Secretary and Treasurer. either of whOT
r may or may not be members of the Board
/, The Board of Directors may from tim
u to time name and appoint all such othe
=. ! officers. agents or employees as may u
4 deemed necessary for the purposes an
l. business of this corporation. The sal
Board shall have the power to FIX IN
;, compensation and define the duties {
~ every officer and employee. and all OF
IL GERS and employees shall hold office an
!, employment at the pleasure of the Boar'
10 The Board may make and establish, {
l. well as alter and amend any and all b!
o. laws. rules and regulations neces>ar
and proper in its judgment for the col
- duet. support and management OF II
30 business and affairs of this cOrporatio
~ The Board of Directors shall have fu
no power and authority to borrow money,
m execute mortgages and TO create itn
nf to issue bonds. notes and other Oblig
- tiOnS. and TO secure same by mortgag
. pledge or otherwise; and generally. to {
is any and all things reasonable. cOnNen
IN ent and necessary for the proper carr.
ing on of the business and affairs of tn
be corporation.
O. At all meetings of the Board of Dire
n tors each director shall have the right
appoint from amongst the directors
ON proxy to act in his place and stead. III
81 Board may issue full paid shares of sto'
M for cash or in payment for labor dol
r. or property actually received by said CO
70 pOration.
ho The Board may in its discretion crea
no one or more committees to he compos'
h of its own members, to which committe
- the Board of Directors may grant any
all of its powers to be exercised duriI
on the interim between meetings of &
Board itself.
er, ARTICLE vI-This act OF incorporate
r. may be modified changed, altered
H. amended, or this corporation may be dl
% solved or the capital stock may be
creased or decreased in accordance wi
law. at a meeting of stockholders cali
for the purpose after written notice shi
have been given to each stOckholder. q
TT livered to him personally or mailed
ms, him at the Post Office ADDRESS designat
lat by him in writing, ut least, fifteen Il
ra- DAYS prior to the day of the meeting, u
ny, less other notice be prescribed by la
my i'm which event notice shall be given
conformity to law.
ARTICLE VII.-Whenever this corpol
ton may be dissolved, either by hml'
ton or from any other cause. Its ARIA
shall be liqudated by three commissions
to be appointed from amongst the st0
T. holders at n general meeting of the sto'
holders convened for such purpose.
which meeting notice shall be given in
Of manner and time provided for stockho
low ers' meetings by Article of this chart
lar and a majority of the capital stock
oar this corporation present and represen
rod | Mt such meeting shall be requisite
moo | elect The said commissioners shall
ono | main in office until the affairs or I
Al | corporation shall have been fully nq
in dated In case of the death or resig
of ton of one or more of said commlssl
inc ers the vacancy or vacancies shall
iad | filled by the survivor or survivors
ore, the event of any disagreement among S
son commissioners. the action of the
nar | jority shall control and prevail. )
suh commissioners shall hold all powers
hat ferred upon them by law or by the ste
the holders at such meeting, If not lncon
and tent with law.
wis ARTICLE VIII.-No stOckhNier s
the ever be held liable or responsible for
,uis- contracts. faults or defaults of said
they poration in any further sum than the
by paid balance due the corporation
and shares of stock owned by him. nor 5