The herald., 1921-06-02
CHARTER OF ALGIERs TRUST saw.
INGS BANK

| day or 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, 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 ayailing them
selves or the benefits of the provisions of
the constitution and the laws of the State
or 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
ana agreed, and do by these presents cove
nant and agree and bind themselves as
Wen as such persons as may hereafter be-
come associated with them and their sue
cessors, to form themselves into and or
daln ana establish a corporation and body
polite in law, for the objects and pur
poses, and under the conditions and stipu-
iatlons, following, to-wit:
ARTICLE This corporation shall be
known and designated as, and its business
snall be carried on and conducted, under
the name, style and title Of the "Algicrs
trust Il Savings Bank" of New Orleans.
ana ITS d0micile is hereby liked in the city
OF New Orleans, Parish of Orleans State
OF Louisiana; it shall have and enjoy sue
cesslon under its corporate name for a
period of ninety-nine years, unless sooner
dissolved, in the manner provided by law /;
under Its corporate name IL shall have
enjoy and exercise all the rights. mowers
ana privileges hereafter setforth as We'll
as those now granted or that NAV here
AFTER be granted by law to corporations of
this character. with full authority 70 CON
Il. MI s,,I
Dreaded, appear, answer and prosecute in
any and all courts of justice in this State
ana elsewhere; to make and use n corpo-
ra'e sea-. which is hereby described TO be
US follows: Circular in form with thu
words "Algiers Trust & Savings Bank of
New orleans" in the margin and the let-
yer TO represent the first letter of the
name Oh the bank and the triangular form
OF 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
poratlon, as may be deemed necessary and
proper, ana to nix their compensation: to
make and ordain, alter and amend sucb nv
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,
ana the same to repeal, amend and alter at
pleasure.
ARTICLE II-A1l 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
business to be carried on by it are here
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
lions, banking associations, banking and
trust business, and particularly under and
In accordance with the provisions of Sec.
tons 215 to 81, both inclusive, of the Re-
yised Statutes of Louisiana, and the laws
and acts passed by the General Assembly
OF the State of Louisiana, particularly Act
166 of 1855, as amended by Act $50 OF 1885,
and Act 80 Of 1892 and Act 1S9 Of 1902; Act
40 Of 1902, as amended by Act 23S of 1910
and Act 121 of 1910, and Act 149 of 1916 ;
Act 179 of 1902; as amended by Act 40 of
1906 and Act 1S4 of 1915; Act 100 of 1904 ;
Act 2 Of the Second Extra Session Of 1910;
Act 193 of 1910; as amended by Act 221 of
1915 and Act 251 of 1915, and Act 213 of
l92O; Act 305 of 1914; Act % of Extra Ses-
sion Of 1915; Act SO Of 1920 and Act 107 of
1920, as well as all other laws of the State
or 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 otheH and further
rights, powers and privileges, as may be
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 anj
non assessable, and when issued, 1t shall
be represented by certificates, which shall
De personal property.
Transfers of stock Of this corporation
shall be made only on its books, by the
stockholder In person., or by written proxy,
and under such regulations as the Board
or directors may prescribe.
ARTICLE v-The business and affairs
Of this corporation shall be managed and
all corporate powers thereof shall be
vested In and exercised by Q Board of
Directors composed Of not less than five
o.
each Of whom shall own not less than ten
shares of the capital stock Of this corpora
ton, and one-third of whom shall eonsti-
tute 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.
Adolph Spitzfaden, Jr., whose post office
address is SIS Pelican avenue, New Orleans,
Louisiana.
Alfred c. King, NJ. D., whose post office
address is S05 Vallette Street, New Orleans,
Louisiana.
Julius Bodenger, whose post Office ad-
dress is ISL Delaronde Street, New Orleans,
Louisiana.
Ralph P. Nolan. whose post Office ad-
dress is 225 Lavergne Street, New Orleans,
Louisiana.
Charles n. Botnick, whose post Office ad-
dress Is 145 Alix Street. New Orleans,
Louisiana.