The herald., 1921-06-09
CHARTER.

Act 1913 of 1910: as amended by Act 221 OF
1916 and Act psi of 1916. and Act 2l3 of
1920; Act 300 of 1914; Act % of Extra SEES
sion of 1915; Act IS of 1920 and Act l07 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 aud 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 subj ect matter, not inconsistent there
with, as well such other and further
rights, powers and privileges, as may be
hereafter granted by law to such corpora
tiOns.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at Two Hun
dred Thousand Dollars, divided into and
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 Of
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 an
non aSscSSable. and when Issued. II Shal:
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 ahalrS
of this corporation shall be managei anu
all corporate powers thereof shall De
vested in and exercised by a Board OF
Directors composed of not less than hVe
and not more than thirty stockholders,
each of whom shall own not less thah zen
shares of the capital stock OF this corpora
ton, and One-third OF whom shal cOnsli
tute a quorum for the transaction OF busl-
ness.
The first Board of Directors of this cor;
poration is hereby fixed at fifteen, ana
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
Alfred c. King. NJ. H.. 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 Layergne Street, New Orleans
Louisiana.
Charles Fl. Botnick. whose post office ad-
dress is 145 Alix Street, New Orleans
William J. Hennessey. who post office
address is 81 Pelican Avenue, New Or
leans. Louisiana.
George ]. Peterson, whose post office ad-
dress is 62S Seguin Street, New Orleans
Louisiana.
Edgar Berthaut. whose post office ad-
dress is 433 Seguin Street, New Orleans
Louisiana.
August Schabel. whose post office ad-
dress is COL Patterson Street, New Or
leans. Louisiana.
Francis J. Richardson, whose post office
address is 30 Olivier Street, New Orleans
Louisiana.
Frank c. Duvic. whose post office ad-
dress is 323 Morgan Street, New Orleans,
Louisiana.
William H. Ward, whose post office ad
dress is 205 Olivier Street, New Orleans,
Moritz s. Senton. whose post office ad-
dress is 1i42 Louisiana Ave, New Orleans,
Louisiana.
Frank c. Hymel. whose post office ad-
dress is 1876 Bermuda Street, New Orleans,
Louisiana.
Said Board of Directors may, in its dis
erection, elect from time to time one or
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.
W., or untll their SUCCESSORS are uul.
elected and qualified.
On the second Tuesday of January in the
year 1922, or the next legal day thereafter.
if the said day be dies non, and annually
thereafter, meeting of stockholders of
this corporation shall be held at its bank
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 of
Aecting directors for the ensuing year and
f0 of
that may properly come before said meet
ing, after fifteen days notice shall be given
to the stockholders by publication in
newspaper in this city. three times in said
fifteen days and by letter addressed to each
stakeholder at his or her last known ad
dress.
All elections shall be by ballot and the
persons receiving a majority of the votes
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 their
election an election shall be held as soon
thereafter as may be practicable on a day
to be fixed by the Board of Directors, after
previous notice of said election shall be
given to the stockholders, in the manner
hereinabOve set forth; the failure for any
cause to elect directors upon the day or
days fixed, for their election. shall not dis
solve this corporation, but the officers and
directors then in office, shall continue to
hold office until their successors have been
duly elected and qualified.
At all elections for directors and at all
meetings of stockholders, each stakeholder
shall be entitled to one vote for each share
of stock recorded in his or her name on the
books of this corporation, but no stock
holder shall be entitled 10 vote at any
election on any shares of stock transferred
to him or her within thirty days immedi-
ately preceding such election.
nv. - hill G,-s
meeting, elect from among its members
President, and one or more Vice resi
dents, who shall hold office during the
term of the Board making such election,
and. in case of vacancy of the said posi-
tions, the same shall be filled by the Board
of Directors. The said Board shall ap
point a Cashier, one or more Assistant
Cashiers, Trust Officer, and such other
may be deemed necessary for the business
of this corporation, and fix their cOmpen-
sation, and may combine the duties of
such officer and all such persons so APP
pointed shall hold their ONCE at the pleas
ure of the Board.
Until the first election, which shall be
held on the second Tuesday of January,
1922 the following shall be the officers Of
this corporation:
George Herbert, Jr 200 Olivier Street.
President; Adolph Spitzfaden, Jr., SIS Peli-
can avenue, Vice-President and Cashier, and
Julius Bodenger, 157 Delarondc; Ralph p.
Nolan. 225 Lavergne Street; and Charles
II. Botnick, 145 Alix Street, as Vice-Presi-
dents.
e. The Board of Directors shall have
power to prescribe bylaws for the govern,
ment Of this corporation not inconsistent
with law or the provisions of this charter.
and NAV name and aDDoint such commit