The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07
CHARTER OF ALGIERS TRUST & saw.
INGS BANK

United States Of America, State of Louis
lana, Parish Of Orleans, City of New Or
leans. BE 1t known that on this thirtieth
day of the month of May in the year of our
Lord one thousand, nine hundred and
twenty-One, and of the Independence of the
United States Of America, the one hundred
and forty fifth: Before me, William John
Hennessey, a Notary Public duly commits
stoned and qualified, in and for the Parish
of Orleans, State of Louisiana, therein re-
siding, and In the presence of the wit
neSses, hereinafter named and undersigned.
Personally came and appeared: The
several persons whose names are hereunto
subscribed, all being Of the full age of
majority and citizens and residents of the
city OF New Orleans, State of Louisiana,
who severally declared that, availing them
selves of the benefits of the provisions of
the Constitution and the laws Of the State
OF Louisiana, relative to corporations,
banking associations, and banking and
trust business, and particularly the laws
hereinafter specially referred to in this
act OF incorporation, they have cOvenanted
and agreed, and do by these presents cove
nant and agree and bind themselves, as
weH as such persons as may hereafter be-
come associated with them and their sue
cessOrs, to form themselves into and or
dain and establish a corporation and Lody
polite in law. for the objects and pur
poses. and under the conditions and stipu-
lations, following, to-wit:
ARTICLE This corporation shall be
known and designated as, and it's business
snail be carried on and conducted. under
the name, style and title Of the "Algiers
Trust & Savings Bank" of New Orleans,
and its dOmicile is hereby ixcd In the city
Of New Orleans, Parish Of Orleans State
of Louisiana; It shall have and enjoy sue
cession under it's corporate name for a
period Of ninety-nine years, uniess sooner
dissolved, in the manner provided by law
under It's corporate name II shall have,
enjoy and exercise all the rights, powers
haroaffar
as those now granted or that may here
after be granted by law to corporations OF
this character, with full authority to con-
tract. sue and be sued, plead and be i'm
pleaded, appear, answer and prosecute in
any and all courts of justice in this State
and elsewhere; to make and use a corpo-
rate seal, which is hereby described to be
as follows: Circular in form with tho
words "Algiers Trust & Savings Bank Of
New Orleans" in the margin, and the let
ter "A" to represent the first letter of the
name OF the bank and the triangular form
or the ground on which the bank Is 10
Gated, In the center thereof; to name and
| appoint such directors, officers and man
ayers, to administer the affairs OF the cor
poration, as may be deemed necessary and
proper, and to fix their compensation; to
make and ordain, alter and amend such by
laws, rules and regulations for the proper
management of its affairs as may be neces-
| sary and proper, and in conformity with
the laws and the articles of association,
and the same to repeal, amend and alter at
pleasure.
ARTICLE II-An legal process shall be
cerved upon the President Of this corpora
| ton, or In the event Of his absence upon
| the person who may be acting president.
| ARTICLE III-The objects and purposes
for which this corporation is organized
and established, and the nature of the
by declared to be: to conduct a general
banking, savings, safe-deposit and trust
| business, under and in accordance with the
provisions of the laws and the Constitution
OF the State Of Louisiana, in such case
made and provided. relative to corpora
tons, banking associations. banking and
trust business, and particularly under and
In accordance with the provisions of Sec
tons go to 81, both inclusive, Of the Re
| vised Statutes Of Louisiana and the laws
| and acts passed by the General Assembly
of the State Of Louisiana, particularly Act
l66 OF 1855, as amended by Act $50 Of 1888,
| and Act 95 Of 1892 and Act 1S9 of 1902; Act
40 Of 1902, as amended by Act 238 of 1910
and Act 121 Of 1910, and Act 149 Of 1915
Act 179 of 1902; as amended by Act 40 OF
1906 and Act 1874 of 1915; Act 100 of 1904
Act Of the Second Extra Session Of 1910
Act 1913 of 1910; as amended by Act 221 OF
| 1916 and Act PSI of 1915, and Act 213 OF
| 1920; Act 305 Of 1914; Act p Of Extra Ses.
| sion Of 1915; Act SO Of 1920 and Act 107 OF
! 1920, as well as all other laws Of the State
Of Louisiana on the general subject OF
| corporations, banking associations, bank
| ing and trust business; to operate and es-
tablish one or more branch banks in 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 all
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 well as such other and further
rights, powers and privileges, as may be
| hereafter granted by law to such corpora
lions.
ARTICLE Iv-Tne capital stock of this
corporation is hereby fixed at Two Hun,
represented by Two thousand shares Of 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. half 81
| said capital has been fully paid up in law
| full money, this corporation shall have the
| right to commence business.
The capital stock shall be fully paid sn1
be represented by certificates, which shall
| 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 affair.
| Of this corporation shall be managed and
| all corporate powers thereof shall bt
vested in and exercised by a Board oil
| Directors composed Of not less than five
and not more than thirty stockholders
| each of whom shall own not less than ten
shares Of the capital stock Of this corpora
| ton, and one third Of whom shall consti
tute a quorum for the transaction Of bust
ness.
The first Board Of Directors of this cor.
poration is hereby fixed at fifteen, and
| shall be:
George Herbert, Jr., whose post Office
address is 200 Olivier Street. New Orleans
Louisiana.
Adoiph Spitzfaden, Jr., whose post office
address is SIS Pelican avenue, New Orleans
| Louisiana.
Alfred c. King, NJ D., whose post office
address Is 305 vallette Street, New Orleans
Louisiana.
Julius Bodenger. whose post Office ad-
dress is 157 Delaronde Street, New Orleans
| Louisiana.
Ralph p Nolan, whose post Office ad.
dress is 225 Lavergne Street, New Orleans
L Louisiana.
Charles h. Botnick, whose post office ad.
dress is 140 Alix Street, Rev Orleans
Louisiana.
william J. Hennessey. who post offics
address r. 81 Pelican Avenue. New Or
leans, Louisiana.
drees g s2s seguia Street, New Orleans