The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07
CHARTER.

Edgar B0rtlauI, whose post OulCe
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 210 Olivier Street, New Orleans,
Louisiana.
Frank c. Duvic, whose post office ad-
dress is 1923 Morgan Street, New Orleans,
Louisiana.
william f. Ward. whose post office ad-
dress is POS Olivier Street, New Orleans,
Louisiana.
Moritz s. Senton. whose post office ad-
dress is 1442 Louisiana Ave, New Orleans,
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.
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 a 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
of New Orleans under the supervision OF
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 a
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
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 TO 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
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-
tons, 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
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 80 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.. 209 Olivier Street
President; AdOlph Spitzfaden, Jr., SIS Peli.
can avenue, Vice-President and Cashier. and
julius Bodenger, 157 Delarondv; Ralph P
Nolan, 225 Lavergne Street; and Charles
II. Botnick, 145 Alix 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 bt
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.
Any vacancy which may exist from any
cause in the Board of Directors, or any
| additions which may be made thereto
shall be filled by the Board of Directors
| and said Director or Directors SO elected
shall serve until the next ensuing regular
election or until their successors shall have
been duly elected and qualified.
ARTICLE vI-Every increase or de
crease, modification, alteration or addition
| to the capital or the number OF the shares
and every modification, change or altera
ton of this act Of incorporation, or thu
dissolution Of this corporation, shall b.
approved by two-thirds Of the amount Of
| the capital stock present or represented
and voting at general meeting OF TIT
| stockholders called for such purpose Of
purposes by order of the Board of Direc
tors on its own motion or on the writer
request of a majority Of the stockholders
and held after thirty days notice by publ
cation in a newspaper in this city at least
| four times in thirty days, and by writer
notice addressed and mailed to ever!
| stakeholder of record at his last known ad
dress, thirty days previous to said meet
| ing.
Upon the dissolution Of this corporation
by the action OF Its stockholders, as afore
| said. or at the expiration of this charter
| its affairs shall be liquidated by three com
| missioners appointed by a majority Of thu
| stockholders present and voting at sai(
general meeting. The manner Of liquida
| ton, the compensation, and the powers Of
| the commissioners and other matters per
| tanning to the liquidation of the AFFAIR."
| Of this corporation, shall be fixed and de
termined by the majority of the stool
present or represented and voting at sucf
general meeting Of stockholders.
ARTICLE Vino stakeholder shall b.
| eligible as a director Of this corporation
| who shall be a member of the Board OF
Directors or the governing body of an,
| other bank or trust company in the Stat'
| of Louisiana, except by a vote Of two
| thirds Of the Board Of Directors Of thii
| corporation.
| ARTICLE VIII-No stakeholder shall
| ever be liakle for the contracts, faults o.
| defaults Of this corporation, nor shall any
| mere informally in the organization o
| this corporation have the effect or rem
dering this charter null or of exposing
any stakeholder to any liability beyont
the amount Of the unpaid balance due By
| him on his stock.
Thus done and passed in my office, II