The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1883-06-16
CHARTER
United States of America, State
OfLIOHisiana, Parish OfCaIca-
Sieu, Town OfLalGc Charles.
PREAMBLE

! u lloulElaha, anu the parties whose name
are hereuntO subscribed. who declared tina
availing themselves of the provisions of th
Act entitled IAN Act TO establish generi
! system of free banking in the State of Louis
ana, approved fifteenth of March, A. D
| 1855, Pnd of the Acts amendatOry TO tn
! same, they have covenanted and agreed, an
I do by these presents covenant, agree an
! bind themselves, and those they represent
! to form themselves into, constitute, establis
and create bank, for the objects and pul
poses hereafter explained and under tn
/ stfpulations, regulations and obligation
| hereafter expressed; tO-wit:
ARTICLE I.-Adnc.
The corporate name of the Association
shall be the BANK OF CALCAsIEU.
ARTICLE 2.-Rriod
This Association or Corporation is formed
for period Of twenty years
ARTICLE 3.-O6joct 0fUte Corporation.
The object Of the Association or Corpora
ton is to carry on the business of banking
by discOunting bills, notes, and other evi
deDces of debt. receiving deposits, buying
gold and silver, bullion and bills of exchange
Ioanlng money on real and personal security
and to exercise all such incidental powers "a
are now or may be hereafter authorized by
law.
ARTICLE 4.-D0naiea.
The place Of business and legal dOmicil OF
said Association or Corporation shall be
located in the Town of Lake Charles.
ARTICLE s. CdpitaJ-H0U FdydbJe RndLts
for Ao"-poy0ceHt gf SUbsc,iptj0a 10 Capital
Stock
The capital stock Of this Association of
persons or said Corporation shall be $50. .OOOj
Fifty thousand Dollars, divided into one
thousand shares Of fifty dollars each twenty
five per cent. Of which shall be payable TO the
Bank on or before the fifth day Of July Eight
eeu hundred and Eighty three, twenty-five
per cent. on or before the fifth day of October
Eighteen bupdFed and Eighty three. twenty
five per cent. on or before the fifth day of
January Eighteen hundred and Eighty-fOm,
and twenty-five per cent on or before the
fifth day Ol April Eighteen hundred and
Eight four. ARd sh0uld any subscriber
neglect to pay punCtuaIIy his, her or their
share Or insLallIneBt Of his, her or their share
or shares as they fall due, they shall be eharg-
ed interest at the rate of eight per cent. per
annum theTefrOm until paid; and any sub
scT1ber neg1ecting or refusing to pay the in
stallment or iHstallmeDts falling due within
the delay of thirty days after the time fixed
for the payment of the same, and In the man
ner aforesaid and place aforesaid, the Board
Of Directors, after ten days notice by adYer-
tisement, shall have the right to cause to be
sold by auction Or otherwise, any share or
shares on which any instsllment may be due
and remaining unpaid.
ARTICLE g. LmlD1eaccaaesd Of Business.
This Corporation shall commence lis ope-
Tatlons after the payment of the first install
ment Of the capital stock by the shareholders.
ARTICLE 7.-De0ice and Seal.
The device and seal of the Corporation
shall be Star and Crescent combined, sur
rounded by the name Of the Bank. date OF its
and wreath, in d neat and ap-
prUprate manner
ARTICLE S.-Lacye0Se Of Copjtu
The capital stock Of the Corporation may
be increased to any sum not exCRed-
ing Two hundred and Fifty thousand dollars,
divided into shares Of fifty dollars each, and
whenever any such increase shall have been
duly authorized, sixty days notice Of the
same shall be given, by publication in one Or
more newspapers published il the Town Of
Lake Charles at the discretion of the Board
If Directors, and within which time stock
holders shall have the privilege of taking ad-
1itiOnal shares, in proportion to the number
# shares held by them respectively; and
shares not taken at the expiration of said
line may be sold by the Board Of Directors,
At not less than par, for the benefit OF the
Corporation.
ARTICLE 9.-f1,CcJS q C01PO1GtiOn gested bt
q BVUTd Qt Direet0TS
All powers Of the Corporation shall be
rested in a Board Of Directors consisting Of
line persons, each OF whom shall at all times
IOld in his own name and right at least ten
shares of the stock of the Corporation, a
majority Of whom shall be residents Of Cal |
,asieu parish.
ARTICLE I0.--A5tnUa Electioa Qf DiTect0lg |
On the third Monday Of July, A. d.. 1854. |
md annually thereafter, an election Of Direc |
OTs by the stockholders shall be held at the |
,ankiug house Of the Corporation; a plural |
" Of votes then aud there given shall elect. |
'revi0us notice Of at least ten days of said |
lection shall be given by publication in one |
r more newspapers published in the Town
+ Lake Charles, at the discretion of the
,oard Of Directors
ARTICLE ll,7-FBa Boogd Qf DIRECTORS
The following named persons are hereby
hOsen and shall compose the first Board of
directors, to serve until superseded by the
ew Board to be elected on the third Monday
July, a. D., 1884: Benjamin F. Flanders,
W. Bryan, VIII W. Flanders, Dan'l ],
Leyer, Gabriel A. Fournet and Cbas. Miller.
RTICJ.E 12-ElecfioR Qf Rresideat aud
Rtee- President da1d MeiI' Duties.
The Board Of Directors shall at their first
Ieeting elect from among their number a
resident and vice president of the Corpora
on, provided always they receive not less
ian o majority Of the votes Of the whole
oard II shall be the duty Of the president
preside at all meetings Of the Board; in
use of absence or inability to act, the vice
resident TO act instead and for the time be
& to have and exercise the full powers Of
e president.
ARTICLE I3.-Liso0uatiAg.
The number Of directors necessary for dis
'unting notes and drafts and purchasing
lis Of exchange shall be determined by the
laws Of the Corporation, but for the trans
tion of any other business by the Board
aiority of Directors shall be required to
rm quorum, and the decision of major
: of said quorum shall be valid and binding.
RTICLE 14.-RDueTs qT Directors 10 .EraBIe
By-L.GWs, EIeet 1Hieefs, DC.
The Board of Directors shall have full
Wer to make bylaws, they shall appoint q
shier and al officers and employees of this
'rporatiop, and fx their salaries; provided,
at said appointments be made annually
d held subject to removal at the pleasure
the Board; regulate their duties and the
surity to be given respectively, with power
change the bylaws whenever the Interest
q order of the business Of the Corporation
mand it; and 10 appoint agents within and
I Of the State, under restrictions TO be pre-
ibed BY the Board. =
ARTICLE l5.-B BigEdeRdS, H0W DiViaed.
The Board 9f Directors, after paying all the b
penses of the Corporation, shall twice 10 I
b year, II the profits Of the business justify i
declare and pay such diyidendsout Of said u
plus profits as they may deem expedient t
tiee Of the same Shall be given BY publ c
ion IN one or more newspapers published b
he Town Of Lake Charles, at the discre- s
D Of the Board Of Directors. s.
TICLE FE9iag Vacancies ia Board J
he Board Of Directors shall have power to
any vacancy that may occur 10 the Board
TICLR 17--H0O PacQHeies are Nude and
Dscldned.
yaeancies In the Board of Directors may !
declared In consequence Of death, Fesig
ion, want Of requisite number Of shares, I n
llyency, or absence without leave sixty Il
secutiye days. *
ARTICLE Is, Transfer Of Stoek. lo
very transfer Of any share or shares Of
ital stock shall be made on the books Of
Corporation, aud shall be signed by the =
re-holder or his attorney.
ARTICLE lg-C C{ose Qf TIaRJsr Book :