The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-12
CHARTER.

| cd nv CarOndplet, Grayler, Union anu ia
ronpe Streets and having the entire 'front.'
Io"o carondeIet Street between Gravlef
and Union Streets, upon when Is preset
| ly being erected the steel ana stone s'r NJ;
| tire known or to be known as the m
| hernia Bank Building and TO De occu T','
| in mart nv Hfbernia Bank Trust COM
| many of New Orleans, Louisiana anu "
| assume the obligations OF sara pul .ni
| contract and all other contracts perta'n
| inc IN said construction WORK dhu' IN
Connection Herewith, to acquire, con
| struct own, maintain ana operate sur!
deposit vaults and vaults for the stvrase
| of yaIuables and other property TO ease
out and operate said building IN whoie Vi
| in mart as an office building, and
| 70 do and perform any and all such
| things and TO exercise and enjoy any OF
| ali rights or powers as may be pertinent
| or germane to the objects and purposes
hereinbefore specifically provided lor'
ARTICLE Iv.-The Capital stock Oh
this corporation is hereby hxed AT Ihi ins
| Million (S3 900 OO0.OO) Dollars. d1vided IN
to and represented by thirty thossans
| 40 O9O) shares of the par value OF one
hundred (Sl00) dollars each
Said stock shall be paid for in cash at
such time in such amounts ana aiiel
snch notice to the subscribers as may pc
fixed nv the Board of Directors, or the
| same NAV be issued not less IMAM
par for labor done or property actuali'
received by the corporation.
This corporation shall become a going
concern and be authorized to do business
NJ soon as the full amount of It's authorized
capital shall have been suDscrlDed anu
paid for. The amount to which the APP
fall Stsck of this corporation may De IN
creased shall be the sum of Five Miilloh
| ~ 900 OtO OO Dollars, which said IN
creased capital may be OF one or Ihore
kinds or classes of stock
| ARTICLE V.-AT the corporate powers
of this corporation shall be vestea In anu
exercised by Board of Directors 10 De
composed Of seven "a stockholders TO De
eJactad annually at a general meeting
| of stockholders to be held on the secohu
Tuesday in March of eacn year. A ma
| iority of directors shall at all times con-
stitute a quorum for the TRANSACTION Vi
business.
All such elections shall be held by bal
lot and conducted at the office OF TINS
corporation under the supervision or three
commissioners. to be appointed Dy tne
Board of Directors.
Motto. 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 ieast
fifteen Q5) days prior TO the GATE OF saiu
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,
| DOr1tp meetings.. every SIOthHOlutl
be entitled to one vote Tor each share OF
stock standing in his name on the BOOKS
| of the corporation, to be cast Dy MIN III
| person or by his written proxy, ana
| majority of such votes cast shall elect
Any vacancy occurring among the direc'
tors by death, resignation or otherwise
shall be filled by election for the unex-
pired term by the remaining directors.
A failure to elect directors on the day
above specified shall not dissolve the cor
| innair ifS rOrpOratp exist
, ence and management, but the directors
, then in office shall remain in office unt1
, their successors shall have been duly
elected and qualified.
The Board of Directors shall at theil
2 first meeting elect from their own mum
| Der President and Nice-Presldent
They shall also elect Secretary and
3 Treasurer or one person to act as Dotf
b. Secretary and Treasurer, either OF whon
may or may not be members of the Board
The Board of Directors may from tim'
1 to time name and appoint all such othel
officers, agents or employees as may b'
: deemed necessary for the purposes ant
: business of this corporation. The sale
Board shall have the power to fix tn
compensation and define the duties o
: | every officer and employee. and all OIL
! GERS and employees shall hold office ant
I, employment at the pleasure of the Board
0 The Board may make and establish. a
: well as alter and amend any and all by
and proper in its judgment for the con
duct, support and management OF tn
a business and affairs of this corporation
, The Board Of Directors shall have full
o power and authority to borrow money, t
n execute mortgages and to create liens
= to issue bonds. notes and other obliga
| tions. and to secure same by mortgage
pledge or otherwise; and generally. to d
: any and all things reasonable. convent
u ent and necessary for the proper carry
ing on Of the business and affairs Of thi
e corporation.
, At all meetings of the Board Of DireC
tors EACH director shall have the right I
appoint from amongst the directors
a proxy to act in his place and stead. Tn
!. Board may issue full paid shares Of stoc
for cash or in payment for labor don
: or property actually received by said col
y poration.
Q The Board may In its discretion Great
o one or more committees to be compose
), Of its own members, to which committee
J. the Board Of Directors may grant any o
all Of it's powers to be exercised durin
Board itself.
r ARTICLE vI.-This act OF incorporate
. may be modified, changed, altered Q
L amended or this corporation may be dis
D. solved or the capital stock may be II
creased or decreased in accordance wit
law, at a meeting of stockholders Gale
for the purpose, after written notice sha
have been given to each stakeholder. d.
l. / livered to him personally or mailed
$, him at the Post Office ADDRESS designate
III by him in writing, at least, fifteen Il!
r. days prior to the day of the meeting, III
y, less other notice be prescribed by Law
y 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 affair
shall be liquidated by three commissions
to be appointed from amongst the stoc
holders at a general meeting of the stoc
holders convened for such purpose,
which meeting notice shall be given in Il
of manner and time provided for stockhol,
w ers' meetings by Article Of this charte
at and majority of the capital stock
ar this corporation present and Representa-
ID at such meeting shall be requisite
90 elect. The said commissioners shall r
l. corporation shall have been fully liqu
of ton of one or more Of said commissio
o. ers, the vacancy or vacancies shall
d filled by the survivor or survivors.
e. the event of any disagreement among sa
n commissioners, the action of the m
r. iority shall control and prevail. Sa
b. commissioners shall hold all powers co
n | ferred upon them by law or by the stoc
he holders at such meeting, IL not inconsi
nd tent with law.
Is ARTICLE VIII.-No stockh 0tller shs
he | ever be held liable or responsible for &
IS contracts, faults or defaults Of said co
ey poration in any further sum than the u
by paid balance due the corporation