The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-03-07
NJ. C. Maxwell, S. Caters, Der hi

hOacG. u. IL. lhWS> MUSES. L fer-
man and Curtis Pollard, are b ire
by created and constituted a bidy
corporate and polite under he
name and title of the "Bank of
Delta" with ali the powers nd
rights set forth in the following
articles, viz:
ARTICLE I.
The name and title of said tor-
poration shall be the ''Bank of
Delta," and its domicile is her 10y
established in the town of Dilta
Madison parish, Louisiana, ind
shall exist for a term Of tweity
five years from the passage Of bis
act. 1t shall have the power to
contract, sue and be sued, ind
shall have and use a common Ieal
of such device as may be deemed
proper.
ARTICLE II.
The object and purpose of aid
association are to carry on thdbu-
siness of banking in all its bralch-
es, by receiving deposits, bujing
and selling gold and silver, kul-
lion and bills of exchange, loaling
money on real and personal pip.
erty. discounting bills, notes ind
other evidences OF debts, and Fn-
orally to exercise such privileges
and powers as may be conferred
on them by law.
ARTICLE III. !.
The article stock of the assnia-
ton shall be three hundred thou
sand dollars, divided into three
thousand shares of one bundled
dollars each, payable at the tine
and in the manner as following,
viz: Ten dollars per share in &sh
at the time of subscription to laid
stock, and the remainding niiety
dollars of each share 10 install
ments, of not more than tenaol-
lars at any one time, and not d ore
than once in any one month. witch
payment shall be called forand
payable in the town of Delta, aud
a notice to that effect shall be pub.
lished thirty days in at leastone
newspaper in the town of Delta
and one newspaper in the city oil
Vicksburg, Mississippi, and shaAl
be payable at the Office of said
company, and any stockhalde1
failing to pay any installlnent
shall forfeit the shares of sroch
| subscribed for and the amount
already paid by him, and the same
shall revert to the company; pro
yidtd. that in case no newspaper
be published in Delta, notice OF
calls for payment of stock shall be
| posted in hand bills in at kasl
ten conspicuous places in the said
town. Said association shall com
mencc business as soon as zone
kindred thousand dollars shal
have been subscribed and temper
centnm thereof paid in.
ARTICLE Nv.
All corporate powers of said as
ISOLATION shall he, exercised by 4
board of directors, each of whom
shall possess in his own right
and during his continuance ID of
flee, at least twenty shares of stocl
of said corporation. The prpo
rators named in this act shall
constitute the first board of lirec
tors. and shall bold their seats
until the second Monday IN De
cember, 1873, or until theiI sue
cessors in Office Shall have hker
their places.
ARTICLE v.
On the first Monday in deem
Der, 1873, and annually thereafter
an election for eleven directors b,
the stockholders shall be held a
the office Of the company, ofwhicl
previous notice of at leastsfifteel
days shall be given in one news
paper published in Delta, and ON
pablished in Vicksburg, Mississip
pl; and in case no paper being
published in Delta, hand bill
must be posted in at least ten con
spicuous places, giving dne notic'
OF all elections to be held by tn
association. In case no election
is held, for any causes, on the da,
fixed, the president shall cause al
election to be held with in tel
days thereafter, and it is especial
~ provided for, that the failure t
elect a board of directorsshall no
forfeit this charter, but the diret
tors shall remain until their sue
cessors shall have taken their plae
es.
ARTICLE VI.
/ Said directors shall at their frs
meeting after their election selec
from amonp their nuu,l,or a nrnS