The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-03-07

and employees of the association
and regulate the dutiesand fix the
securities of all the employees,
whose position shall be subject to
the will of the board. They shall
make and adopt by laws, rules
and regulations for the proper
government Of the association and
the transaction of business, and al.
ter the same at pleasure, provided
the same is not in conflict with
the laws of this State of true ill.,
tent aud meaning of this act.
ARTICLE VIII.
The number of directors neces-
essary for discounting paper and
purchasing bills of exchange shall
be determined by the bylaws. A
majority of the board shall con-
stitute quorum, and a decision
of such majority shall be a valid
corporate act.
ARTICLE tx.
Said corporation shall be au
thoriZed to receive on deposit
from all persons all sums Of mon
ey from one dollar upward, and to
pay out the same by check or
otherwise without the authoriza-
tion of the parent or tutor of min
ors, or the husband of the married
woman, for which money so de-
posted for saving) interest shall
be allowed
ARTICLE K.
The board of directors shall reg
ulate from time to time the rate
of interest to be allowed to such
depositars.
ARTICLE XII.
The board Of directors shall,
twice in each year, if the profits
of the association justify it, after
paying or providing for the pay
ment of all the expenses of the
corporation. declare and pay such
amount of dividends as they may
have declared, and give notice of
dividends in one newspaper pub
lished in the town OF Delta or in
the city Of Vicksburg.
ARTICLE XII.
Books for the registry and trans
fer of stock shall be opened aud
all transfer of shares shall be
made on said books and signed
by the shareholder, or his attor
ney, and said books the directors
may close, but not for a longer
period than five days at a time or
as often as convenience or expedi
ence may require. The directors
may also delegate to their agent,
officers or committee Of their own
body such powers as they may
think proper and expedient.
ARTICLE XIII.
At all meetings for the election
of directors or other purposes,
each stakeholder shall be entitled
directly, or by proxy. to one vote
or each share of stock held by
him, provided; the person or per
sons offering to vote shall have
owned his share or shares tol
three months prior to the day OF
voting, and provided; that no in
dlridual or corporation shall be
entitled to a greater number Of
votes than one hundred.
ARTICLE XIV.
Minutes of all proceeding of ths
board OF directors shall be KEEP,
by the cashier and certified by
the president; and the presiden,
and cashier shall sign ali notes
certificates of stock aud evidences
Of debt OF the corporation.
/ ARTICLE XIV.
The affains Of this corporation
shall be liquidated by three com
missioners, to be appointed by th'
stockholders at meeting conven
ed for that purpose, and in thu
manner prescribed for the election
OF directors; said liquidators shall
be solvent, and residents OF tn
parish OF Modison, and not indebt
ed to the association; their tern
) of offices Shall be fixed; all neces
sary powers shall be conferred OF
them; the period for liquidation
shall be fixed, and also their com
pensation iu such manner til
stockholders may by resolution il
: general meetings adopt.
Sec. 2. BE it further enacted