The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1883-06-16
ARTICLE 21.-Non-electioa, of Directors on
the Dan FIred


The failure from any cause to elect Direc
tors on the day when such election shout
have been held shall not dissolve the CorpO
ration, but the Directors then in office shal
hold over, provided the usual notice be i'm
mediately given appointing another day fo
such election, which notice shall continue t.
| be given from time to time until the election
shall have been made.
ARTICLE 22.-Naaber Of Votes; Que fo
Each Share
Each shareholder shall be entitled, direct
ly or by proxy lat all elections for Director
| or on any matter at any meeting of the stock
| holderS) to one vote upon each share pro
| vided no stakeholder shall vote in his OWL
name over fifty votes and provided, also
| that after the first election he shall have
owned the stock at least three months pre-.
| vious to voting.
| ARTICLE 23.-E2ection Of Directors to be 65
Ballot
Every election Of Directors of this COrpo-
ration shall be by ballot and conducted by
three inspectors, to be appointed by the
two partners shall be eligible at the same
time as Directors of this Company, nor
shall a Director of any other bank, or his
partner, be a Director Of this Company
ARTICLE 24.-AdditioRdI Rtce,s Of Board Of
Directors.
A majority of all the Directors elected may
Professionally accept any additional power or
privilege tnat may hereafter be conferred on
this Corporation, eitherby amendment under
the acts by which it was formed or by any
new act or enactment and NAV amend
these articles of Association or Corporation;
but the final adoption and acceptance of
such additional powers orprivilege of amend
ment shall be by vote of stockholders i'm the
manner provided by law.
ARTICLE 25.-Stock, Notes, de-, Holo TO be
Signed
The president and cashier shall sign all
contracts, notes, certificates Of stock and evil
dences of debt of this Corporation.
ARTICLE 26.-Minutes to be Kept.
Minutes of all proceedings by the Board of
Directors shall be kept by the cashier and
certified by the president.
ARTICLE 7.-Liguiddfion Of CoJporation-
Hon Done.
The liquidation of the affairs of the COTpo-
ration shall be made by three commissioners
elected by the stockholders at a meeting
convened for that purpose, after three months
previous notice by publication in one or more
newspapers published in the Town of Lake
Charles. at the discretion of the Board of
Directors. Each of said commissioners shall
be citizen of the State, and not Indebted to
the Corporation, and at such meeting stock
uoluSFs may ctnS 10 sucu EDLninlSslDnGTS all
powers necessary to the liquidation of the
affairs of the corporation, may fix their term
OF office, limit the period of liquidation, fix
their compensation, define their duties and
the manner in which said commissioners may
be removed and their term or Office renewed
ARTICLE 2S.-Lidbiliy Of St0ckhOiderS.
The stockholders shall not be responsible |
for losses or damage incurred by said COrpo- |
ration beyond the amount of capital stock |
held or owned by him or Them respectively.
ARTICLE 29.-Fogteitures
Amy stOckhOlder who shall fail or neglect |
70 pay any installment when ordered by the |
Board of Directors, shall forfeit TO the Com |
3aDy all previous payments and cease TO |
be stockholder in said Corporation.
This done and passed in the Town Of Lake
Charles, Parish of Calcasieu, State of LOuisi-
ana, in my office, on the Eighth day of May,
a. D., 1888, in presence Of Harrison &. Drew
md William d. Mearns, competent wit
lesses, who have signed with the parties and
ne, Notary, after reading.
The words receiving deposits" interlined
IN second page, line nine, Of this act is ap-
IrOYed before signing.
Original Signed
J. W. BRYAN, ten shares
WILL W. FLANDERS, ten shares
DAN'L J. COOS, ten shares
L. KAUFMAN, ten shares
F. A. GALLAUGHER, ten shares.
WIN. MEYER, ten shares
GABRIEL A. FOURNET, ten shares
Attest
H. c. DREW.
WILLIAM D. MEARNs
J. BEN KIRKMAN,
Seal Notary Public.