The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1883-05-12


The corporate name of the Association
shall be the BANK or CALCAsIEU.
ARTICLE 2.-ItyiOd
This Association or Corporation is formed
for period Of twenty years.
ARTICLE 3.-O9jcct qt tho Corporation.
The obieoU of the Association or Corpora
ton is to carry on the business OF banking
by discounting bills, notes. and other evi-
dences of debt. receiving deposits, buying
gold and silver, bullion and bills OF exchange,
toaning money Oh real and personal security,
and TO exercise all such incidental powers ~
are now or may be hereafter authorized BY
law.
ARTICLE 4.-Domirt}
The place Of business and legal domicil Of
said Association or Corporation shall be
located in the Town Of Lake Charles
ARTICLE 81 Capit1l-Ho,r Payable -R7talty
for Noi-Oay"se't Of Subscription to Capisdj
Stock
The capital stock of this Association of
persons or said Corporation shall be 1850, 0O0j
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
cen hundred aud Eighty-thrUe, twenty-five
per cent. on or before the fifth dav Of October
Eighteen hundErd and Eighty-three. twenty
five per cent. on or befort the fifth day of
January Eighteen hundred aud Eighty four
and twenty-five per cent. on or before the
fifth day Of April Eighteen hundred and
Eighty-fUuT And should any subscriber
neglect 10 pay puuCtualiy his her or their
share or installmcut Of his, her or their share
or shares as they fall due. they shall be ChaTL--
ed interest at the rate OF eight per cent. per
auRGm therefrOm until paid and any sub
scriber neglecting or refusing to pay the in
stallment or installments falling due within
the delay Of thirty days after the time tiZeu
Tor the payment OF the same, and il the man
neT aforesaid and place aforesaid. the Board
Of Directors, after ten days notice by adveT-
tisement, shall have the right to cause 10 be
sold by auction Or otherwise, any share or
shares on which any instalment may be due
and remaining unpaid.
ARTICLE G-CoaDtasepeat Of Business.
This Corporation shall commence lis opr-
ment Of the capital stock by the shareholders.
ARTICLE 7.--Deei-a ard 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
organization, and wreath, in a neat ans ap-
prOpriatC manner.
ARTICLE s-Escrsase Of Capital
The capital stock of the Corporation NAV
hereafter be increased 10 any sum not exceed
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 in the Town of
Lake Charles, at the discretion OF the Board
OF Directors, and within which time stock
holders shall have the privilege of taking ad-
ditiOnal shares, in proportion to the number
OF shares held by them respectively; and
shares not taken at the expiration Of said
tine may be sold by the Board Of Directors,
a, not less than par, for the benefit Of the
Corporation.
ARTICLE FowerS q Corporation reStai IL
Board q Directors.
All powers of the Corporation shall be
vested in a Board of Directors consisting OF
niue persons, each of whom shall at all times
hold 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
caseu parish.
ARTICLE lO.--Aatatual Eiectiou Of Directors.
On the third Monday of July, A. D.. 1884. |
and annually thereafter, an election of Direc
tors by the stockholders shall be held at the
banking house Of the Corporation: a plural
ity Of votes then and there given shall elect
Previous notice Of at least ten days of said
eleatiOn shall be given by publication in one
or more newspapers published in the Town
OF Lake Charles, at the discretion of the |
Board Of Directors
ARTICLE 11.--FTiSt Board Of Directors.
The following named persons are hereby |
chosen and shall compose the first Board of |
Directors, to serve until superseded by the |
new Board 10 be elected on the third Monday |
Of July, A. D., 1884 Benjamin r. Flanders, |
J. W. Bryan, WIN w Flanders, Dan'l j. |
Coos, L. Kaufman, z. a. GallRugheT, Vim. |
Meyer, Gabriel A. Fournet and Chas Miller. |
ARTICLE l2-E3ecti01, Of a President and
Fiee-IresidtRt and their Duties.
The Board of Directors shall at their first |
meeting elect from among their humber a |
president and yice-president Of the Corpora
ton, provided always they receive not less |
lban majority of tho votes of the whole
Board. 1t shall be the duty of the president
to preside at all meetings of the Board; in |
ease of absence or inability 10 act, the vice
president to act instead and for the time be-
Ing TO have and exercise the full powers of
the president.
ARTICLE 13.---Bixc0latiag.
The number of directors necessary for dis
counting notes and drafts and purchasing
bills Of exchange shall be determined by the
bylaws of the Corporation, bun for the trans
action of any other business by the Board
majority Of Directors shall be, required TO
I0rm a quorum, and the decision, Of major
ty Of said quorum shall be valid and binding.
ARTICLE ID. --T0uers Of Directors 10 frame
BsJ-Ldles E7eet Officers, DO.
The Board Of Directors shall have full
power to make bylaws, they shall appoint
cashier and all officers and employees of this
Corporation, and fix their salariess provided,
hat said appointments be made annually, !
md held subject to removal at the pleasure
u the Beard; regulate their duties and the /
To be given respectively, with power
o.ehange the by-iaws whenever The interest
md order Of the business Of the Corporation
lemand II; and to appoint agents within AUD
tut Of the State, under restricti0nsto be pre-
Iufibed BY the Board.
ARTICLE t5. l2tsfss2as Her Byissidesi.
The Board Of Directors. alter paying all the
Expenses Of the Cooperation shall twice N
zach year II the proiils0f tfe business just ~
4 declare and pay SUCH diEiieHds out Of said
urpIHs profits is they mag deem expedient.
Notice of I he Baiae shall be given Us publ
.aiion ii 0lle or more newspapers published
i he Town ID Lake Charles, atlfhe Eisere-
ion 81 the Board u Directors.
.nTIcI.E ID EEfYisg gaeaaei@ ~ h.aga
Tie Board OF DireciaA shall have power to
IL ans vacancy that may eecar IL the Board