The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-21
CHARTER.

and Union Streets. upon which is present
ly being erected the steel and stone struc-
ture known or to be known as the Hi
hernia Bank Building and to be occupied
in part by Hfbernia Bank Trust Com
pany, of New Orleans, Louisiana, and To
assume the obligations of said building
contract and all other contracts pertain
ing to said construction work; and, in
connection Herewith, 10 acquire, con
struct. own, maintain and operate safety
deposit vaults and vaults for the storage
of valuableS and other property To lease
out and operate said building in whole or
in part as an office building, and;
70 do and perform any and all such
things and to exercise and enjoy any or
all rights or 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 $4,000 OOOO0) Dollars. divided in
to and represented by thirty thousand
(30.Oc0) shares of the par value of one
hundred $1,000 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 a. 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
paid for. The amount to which the Capt.
tai Stock of this corporation may be in
crea Sed shall be the sum of Five Million
80 900. O3OOO) Dollars. which said in
creased capital may be Of one or more
kinds or classes of stock.
ARTICLE V.-All the corporate powers
of this corporation shall be vested in and
rXcrt ised by Il Board of Directors to be
composed of seven ca stockholders 10 be
elected annually ~ general meeting
Of stockholders to be held on the second
Tuesday in March of eaCn year. ma
jority of directors shall at all times con
stitute a quorum for the transaction Of
business.
All such elections shall be held by bal
lot and conducted at the office of this
corporation under the supervision of three
commissioners. to be appointed by the
Board of Directors.
Notice of such meeting and of all other
stockholders meetings shall be given in
the manner prescribed by law, and when
not so prescribed. then written notice Of
such meeting shall be deposited at least
fifteen G5) days prior to the date of said
meeting in the Post office in the City
of New Orleans. postage prepaid. address
ed to each stakeholder at his last known
residence or place of business.
At all such elections and at all cor
porate meetings. every stakeholder shall
be entitled to one vote -0r each share of
stock standing in his name on the books
of the corporation, to he cast by him in
person or by his written proxy. and 4
majority of such votes cast shall elect
Any vacancy Occurrins, among the direc-
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 directors
then in office shall remain in office until
their successors shall have been duly
elected and qualified.
The Board of Directors shall at their
first meeting elect from their own num-
Der President and Vice President.
They shall also elect n secretary and a
Treasurer or one person to act as both
Secretary and Treasurer. either of whom
may or may not be members of the Board.
The Board of Directors may from time
| to time name and appoint all such other
Officers, agents or employees as may be
deemed necessary for the purposes and
business of this corporation. The said
Board shall have the power to fix the
| compensation and define the duties of
| every officer and employee. and all Off
GERS and employees shall hold office and
employment at the pleasure of the Board.
! The Board may make and establish. as
| well as alter and amend any and all by
! laws rules and regulations necessary
4 anu PiVi'i J'''-H'''
| duet, support and management of the
| business and affairs of this corporation
| The Board q Directors shall have full
power and authority 10 borrow money u
execute mortgages ana 10 create irhS
TO issue bonds notes ana olher opIlea
tiOhS and to secure same by mortgage
pIruse Ir ui ,h;Sr an i.tnahia !conyeni
any anu ,io.,nrr fo th,, nro,,or Gerry
;na, ON of The business and affairs of mi,
| So W.
WI
| Al all meetings OF lne bearu Vi hIrtV
tors each director snail nave the rIghI t'
appoint from amongst the directors
proxy 10 act IN MS place ana steau. IN
| Board may issue luii Pald sharrs Oh s.oc
for cash or III payment TOT IapoE uoiI r
or proper'! actuaIly recrNeu u! saiu CUT
poratloh'
The Board may in its discretion create
one or more committees to be composed
of its own members, TO which committees
the Board of Directors may grant any Of
all of its powers to be exercised durint
the interim between meetings of thu
Board itself.
| ,o.,o.
AhIlCLE ~ lS acl oI lhouIpo , "'io =,
may pe hhouiIieu, cnHnssu, - ~ az;
amended OF TINS coIpora.Ioh ma! w u i
solved or the caPltai stoch ma. pe LEI ~
creased OF uecreaseu III .ihnIdnns ooIiai
for tho nurnoss after written notice shall
have boan given to each stakeholder. de
lived 70 hin, nersonalIv or mailed I,
NV. M tho post OFFICE address designate,
hv him in writing at least. fifteen rs
d3vs nrior m tbe dav of the meeting. un
49, ether notice no nr,scrihed nv law
in which event notice shall be given IL