The herald., 1921-06-30
CHARTER.

ing and trust business; TO operate ana es-
tablish one or more branch banks II the
Parish Of Orleans. in this State; and gener
ally TO do and perform any and all things,
and to exercise and enjoy any and ali
rights, powers and privileges as are grant
ed by said laws and all other laws on the
same subject matter, not inconsistent there
with. as we'll as such other and further
rights powers and privileges, ms may be
hereafter granted by law TO such corpora
lions.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at Two HUI,
dred Thousand Dollars. divided Into and
represented by Two thousand shares or the
par value of One Hundred Dollars each,
which capital stock, shall be paid In cash'
at the price of One Hundred and Twenty
five Dollars per share of which One Hun
dred Dollars, shall be applied to the capt.
tai stock, and Twenty-Five Dollars TO the
surplus, and when at least one hali u
said capital has been fully paid up in law
full money, this corporation SHAH nave the
right to commence business.
The rapital stock shall be fully paid hn1
non assessable. and when Issued, IL shai,
be represented by certificates. which snail
be personal property.
Transfers of stock Of this corporation
shall be made only on its books by the
stakeholder in person, or by written proxy,
and under such regulations as the Board
OF Directors may prescribe.
ARTICLE v-The business and affairs
of this corporation shall be manager anu
all corporate powers thereof shall De
vested in and exercised by Board OF
Directors composed of not less than nVe
and not more than thirty stockhold.Is'
| each of whom shall own not less thah zen
| shares of the capital stock OF this corpora
| ton. and one-third of whom shall constr
tute a quorum for the transaction OF busl-
ness. AL, an
poration is hereby fixed at hfteen' anu
George Herbert, Jr.. whose post office
address is 200 Olivier Street, New orleans
Adolph Spitzfaden, Jr., whose post office
Alfred c. King, NJ. n, whose post office
address is 3O5 Vallette Street, New Orleans
| Louisiana.
| Julius Bodenger. whose post office ad-
dress is 157 Delaronde Street. New Orleans
| Ralph p. Nolan, whose post office ad-
dress is 225 Lavergne Street, New orleans
| Charles Fl. Botnick. whose post office ad-
dress is 145 AK Street New orleans
| Louisiana. n,.o
| address is 81 Pelican Avenue, New Or
leans Louisiana.
George ]. Peterson, whose post office ad-
dress is SOS Seguin Street, New Orleans
| Edgar Berthaut. whose post office ad-
dress is 1873 Seguin Street, New Orleans
August schasel. whose post office ad-
dress is col Patterson Street, New Or
| Francis ]. Richardson, whose post office
address is 2l0 Olivier Street, New Orleans
| Louisiana.
dress is 323 Morgan Street, New Orleans
| Louisiana.
William Fl. Ward, whose post office ad-
dress is POS Olivier Street, New Orleans
Moritz s. Senton. whose post office ad-
dress is 1442 Louisiana Ave, New Orleans
Frank c. Hymel, whose post office ad-
dress is 438 Bermuda Street. New orleans
said Board Of Directors may, in its dis
cretion. elect from time to time one OF
more additional directors, mot exceeding
thirty in alb who shall possess the neces,
sary qualifications, as herein provided and
shall hold office during the term OF SAID
Board Said Board shall serve and hold
office until the second Tuesday of January
1922 or until their successors are duly
elected and qualified.
On the second Tuesday Of January in the
year 1922. or the next legal day thereafter
IL the said day be a dies non, and annually
| thereafter, a meeting or stockholders OF
this corporation shall be held at IT'S oank'
ing house. in the Fifth District of the City
Of New Orleans, under the supervision OF
three commissioners, appointed by the
| Board of Directors, for the purpose o.
electing directors for the ensuing year anc
for the transaction of such other-busines'
that may properly come before said meet
ing after fifteen days notice shall be giveI
/ to the stockholders by publication in
newspaper in this city. three times In saiC
fifteen days and by letter addressed to eacl
stakeholder at his or her last known ad
dress.
All elections shall be by ballot and tn
persons receiving majority OF the vote
cast at such election shall be duly elected
and shall serve as directors for the ensu
: ing year or until their successors shall
have been duly elected and qualified.
| In case there shall be no election OF di
rectors on the day appointed for thei
election an election shall be held as sool
thereafter as may be practicable on a da!
: to be fixed by the Board Of Directors afte
previous notice OF said election shalI o
r given to the stockholders, in the manne
i hereinabove set forth: the failure for an!
E cause to elect directors upon the day o
days fixed, for their election. shall not dis
solve this corporation. but the onicers an
directors then in office, shall continue t
, hold office until their successors have beel
: duly elected and qualified.
At all elections for directors and at al
meetings Of stockholders, each stockholde
e shall be entitled to one vote for each shar
D Of stock recorded in his or her name on tn
Z books Of this corporation, but no stock
Q holder shall be entitled 10 vote at an
, election on any shares of stock transferre,
: to him or her within thirty days immedi
( ately preceding such election.
e The Board Of Directors shall at its frs
!, meeting, elect from among Its member
q | a President and one or more Vice-Presi
s dents, who shall hold office during tn
= term of the Board making such election
and, In case Of vacancy Of the said posi-
lions, the same shall be filled by the Boar
s of Directors. The said Board shall ap
: point a Cashier, one or more Assistan
. Cashiers, Trust Officer, and such othe
: officers, attorneysat-iaw and agents
y may be deemed necessary for the bushes
! Of this corporation, and fix their comper
!. satfon, and may combine the duties 9
such officer; and all such persons so ap
. pointed shall hold their ONCE at the pleas
= ure of the Board.
Until the first election, which shall b
. held on the second Tuesday Of January
, 1922, the following shall be the officers Q
!, this corporation:
George Herbert Jr. 200 Olivier Stree
: President; Adolph Spitzfaden, Jr., 51S Pei
/. | can avenue, ce-President and Cashier. an
q Julius Bodenger, 157 Delarondu; Ralph l
(. Nolan. POS Lavergne Street; and Charlie
= III. Botnick, 145 Alix Street, as Vice-PresI
], dents.
: The Board Of Directors shall hay
= power TO prescribe bylaws for the govern
I, ment Of this corporation not inconsister
with law or the provisions Of this chartel
and may name and appoint such commit
!, tees from among its members as may 3
y necessary and convenient and vest 1
: | thority as may be necessary and as sal
/ hoa md