The herald., 1921-06-23
CHARTER.

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 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 pald up in law
full money, this corporation shall have the
right to commence business.
The capital stock shall be fully paid Gn3
non assessable, and when iSsued, 1t sha!:
be represented by certificates, which snail
be 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
of Directors may prescribe.
ARTICLE V-The business and affairs
all corporate powers thereof shall be
vested in and exercised by Board OF
Directors composed of not less than fve
and not more than thirty stockholders,
each of whom shall own not less ;han tch
shares Of the capital stock of this corpora
ton, and one-third Of whom shall constr
tute a quorum for the transaction OF busl-
ness.
The first Board of Directors of this cor,
poration is hereby fixed at fifteen. and
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
Louisiana.
Alfred c. King. NJ. n, whose post office
address Is 305 Vallette Street, New orleans
Louisiana.
Julius Bodenger. whose post office ad-
dress is 157 Delaronde Street. New Orleans,
Louisiana.
Ralph p. Nolan. whose post office ad-
dress is 225 Lavergne Street, New Orleans
Charles Fl. Botnick. whose post office ad-
dress is 145 Alix Street, New Orleans
Louisiana.
William J. Hennessey, who post office
address is 311 Pelican Avenue, New Or
leans. Louisiana.
George ]. Peterson whose post Office ad-
dress is 82S Seguin Street, New Orleans,
Louisiana.
Edgar Berthaut. whose post office ad-
dress is 433 Seguin Street, New Orleans,
Louisiana.
August SchabeI. whose post office ad-
dress is COL Patterson Street New Or
leans, Louisiana.
Francis ]. Richardson. whose post office
address is 2l0 Olivier Street, New Orleans,
Louisiana.
Frank c. Duvic. whose post office ad-
dress is 323 Morgan Street, New Orleans
William II. Ward, whose post office ad
dress is 205 Olivier Street, New Orleans,
Moritz s. senton. whose post office ad-
dress is 1442 Louisiana Ave-, New Orleans,
Louisiana.
Frank C. Hymel, whose post office ad-
dress is 436 Bermuda Street, New Orleans,
Louisiana.
Said Board of Directors may, in its dis
cretion, 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,
1922, or until their successors are duly
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, a meeting Of stockholders of
this corporation shall be held at its bank
ing house, in the Fifth District of the City
three commissioners, appointed by the
Board Of Directors, for the purpose OF
electing directors for the ensuing year and
for the transaction of such other business
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
stockholder 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 d.
rectors on the day appointed for their
election an election shall be held as soon
thereafter as may be practicable on day
to be fixed by the Board Of Directors, after
previous notice of said election shall be
given to the stockholders, in the manner
hereinaboye 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 stockholder
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 70 vote at any
election on any shares of stock transferred
to him or her within thirty days immedi-
ately preceding such election.
The Board Of Directors shall, at Its first
meeting, elect from among its members
a President, and one or more Vice-Presi-
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 filed by the Board
Of Directors. The said Board shall ap-
point a Cashier, one or more Assistant
Cashiers, Trust Officer, and such other
officers attorneys-at-iaw and agents as
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 ap-
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., 51S Peli-
can avenue, Vice-President and Cashier. and
julius Bodenger, 157 Delarondv; Ralph p.
Nolan. 225 Lavergne Street; and Charles
III. Botnick, 145 Alfx Street, as Vice-Presi-
dents.
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 may name and appoint such commit
tees from among its members as may be
necessary and convenient, and vest in
such committees all such powers and au-
thority as may be necessary and as said
board itself has and enjoys.
1t f~I - e. :