The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
CHARTER

and Union Streets, upon W'hlch rs 49,
To- baing erected the steel and stone strIG-
80 Lnown or to be known as the III
hernia Bank Building and to be occuPlcu
in mart by Hibernia Bank u IruS. I'm
many of New Orleans, Louisiana anu "
assnne the obligations of said DullulhS
contract and all other contracts pertain
ing TO said construction work anu, IN
connection Herewith, to ACQUIRE 80.
struct own, maintain ana Operate sI,..
denosit vaults and vaults for the stUIaEe
of yaInabIcs and other property; to lease
ont and operate said buIding in whoie Ut
in part as an office building, ana
70 do and perform any and all sucn
things and to exercise ana enJo! any
all rights or powers as may os P.nnsas
or germane to the objects ana purposes
her,inbefore specifically provided ior'
ARTICLE IV-The Capital STOCK OF
this cornoration is hereby fixed at three
Million lS3 900 OOOOO) Dollars divided III,
TO and represented by thirty thosSanu anu
| 40 OeO) shares of the par value Oh one
hundred (SlOO) dollars each .
Said stock shall be paid for IN S faS aft ar
! such time. in such amounts ana alItl
such notice to the subscribers as ma! "
| fixed by the Board of Directors or tnr
| same NAV he issued a, not less thah
par for labor done or property "''u"'''
| received by the corporation
This corporation shall become a Golns
concern and be authorized 10 do buslnesS
| ,s soon as the full amount OF It's aulhoTiH'i
| rgpital shall have been subScrlDed anu
| maid for. The amount to when the APP
| raj Stock of this corporation may pc III
creased shall be the sum of Five Milil i,i
| ,S5 600 Oi,O OO) Dollars, when sald III
leased capitaI may be OF one or more
| kinds or classes of stock.
| ARTICLE V.-All the corporate poWGrss
| Of This corporation shall be vested In ana
| rCised by Hoard OF l,LrtEIeo - no
| composed of seven ca stockholders TO De
| elected annually ut general He'tlu
| nf stockholders to be held on the secohu
| Tuesday in March of eaCn year. ma
| iority of directors shall at all times con :
Stjtute a quorum for the transaction OF
| business.
| All such elections shall be held by pal
10. and conducted at the office OF TINS
corporation under the supervision Oh nh IT,
commissioners, to be appointed Dy 'he
Board of Directors.
| Notice of such meeting and of all other
stockholders meetings shall be given In
the manner prescribed by law. ana WheI
not so prescribed. then written NOTICE OF
such meeting shall be deposited AT leas,
| fifteen l5l DAYS prior to the date or sald
meeting in the Post office in the CITY
| of New Orleans, postage prepaid, audress-
ed TO each stakeholder at his last KNOWN
residence or place OF business.
At all such elections and at all cor
porate meetings. every stockh1iueL sna u,
be entitled to one vote ror each snare o.
stock standing in his name on the Dooks
of the corporation, to be cast by MN III
person or by his written proxy, ana
majority of such votes cast snaiI H. 49,
| ANY vacancy occurring among the dlrec
| tors by death, resignation or otherwise
| shall be filled by election for the uneN
pired term by the remaining directors
4 failure to elect directors on the day
above specified shall not dissolve the cor
poration nor impair its corporate exist
ence and management, but the Director
then in office shall remain in office untl
, their successors shall have been dul!
elected and qualified.
, The Board of Directors shall at thei
| first meeting elect from their own NUN
her President and Vice-President
! They shall also elect a Secretary and
, Treasurer or one person 10 act as potl
Secretary and Treasurer, either OF whom
: NAV or may not be members of the Board
The Board of Directors may from tim
to time name and appoint all such othe
officers agents or employees as may D
deemed necessary for the purposes an
business of this corporation. The SAL
BOARD shall have the power to Tx Tn
J. compensation and define the duties o
2 every officer and employee, and all Off
y GERS and employees shall hold office an
= employment at the pleasure OF the Boaro
o The Board may make and establish, a
: well as alter and amend any and all bN
= laws, rules and regulations necessar
and proper in its judgment for the cor
. duct support and management of tn
n business and affairs of this corporation
r The Board of Directors shall have III
3 power and authority to borrow money,
N execute mortgages and to create liens
y to issue bonds, notes and other obhgs
tons and to secure same by mortgag
pledge or otherwise; and generally, to d
: any and all things reasonable. conven
II ent and necessary for the proper carry
ing on of the business and affairs OF TIL
e corporation.
At all meetings Of the Board of Dire
l. tors each director shall have the right
appoint from amongst the directors
n proxy to act in his place and stead. III
V Board may issue full paid shares Of stoc
"a for cash or in payment for labor dor
or property actually received by said CO
- poration.
20 The Board may in its discretion crea
q one or more committees to be compose
= of its own members, to which COMMITTEES
\ the Board Of Directors may grant any
all of its powers to be exercised durir
m the interim between meetings of q
Board itself.
r, ARTICLE vI-This act OF incorporate
:. may be modified, changed, altered
L. amended, or this corporation may be di
o. solved or the capital stock may be j
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 stakeholder, d
U livered to him personally or mailed
IS. him at the Post Office ADDRESS designate
at by him in writing, at least. fifteen Il
a. days prior to the day of the meeting, u
v less other notice be prescribed by la
~ in which event notice shall be given
conformity to law.
ARTICLE VII.-Whenever this corpor
ton may be dissolved. either by limit
ton or from any other cause, its affai
shall be liquidated by three commissions
to be appointed from amongst the stoC
= holders at a general mee,fng of the stoC
holders convened for such purpose.
which meeting notice shall be given in
of manner and time provided for stockhol
aw ers' meetings by Article V Of this chart
lar and a majority of the capital stock
ar this corporation present and represent
ed at such meeting shall be requisite
,ce elect. The said commissioners shall
ne main in office until the affairs of &
Al corporation shall have been fully liq
in dated. In case of the death or resign
of ton Of one or more of said commissit
10 ers, the vacancy or vacancies shall
cd filled by the survivor or survivors.
re- the event of any disagreement among 81
m commissioners, the action of the r
Or iority shall control and prevail. 81
III commissioners shall hold all powers G.
ar ferred upon them by law or by the sto
he holders at such meeting, II not incons
nd tent with law.
is ARTICLE VIII.-No stockhoNler sh
the ever be held liable or responsible for
is contracts, faults or defaults of said C
ley poration in any further sum than the
by paid balance due the corporation
nd shares OF stock owned by him, nor 81
err any mere informality in organizat