The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1894-02-10
CHART Err
OF THE
ST. LANDRY STATE BANK.
STATE OF LOUISIANA,
PARISH OF ST, LANDRY.

DE 1T KNOWN that on this third day O.
ID the month of February. in tho year o.
our Lord, one thousand eight hundred and
ninety-four, before me, OSCAR Fl. TERwILLI
GER, notary public, duly commissioned and
qualified and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are hereuntG subscribed. who
declare, that availing themselves of the pro-
visions of the laws Of this State relative Co
the formation of corporations for the purpose
of banking, they do by these presents cove.
nant and agree and bind themselves and
those whom they represent and those who
may hereafter become associated with them,
to form and constitute corporation and body
polite in law for the objects and purposes
and under the stipulations and agreements
following to-wit:
| ARTICLE l
The name and title of said corporation shall
be the ST. LANDRY STATE BANK, and it's
domicile and place of business shall be in the
town of Opelousas, 81. Landry parrish Louisi,
| ana.
| ARTICLE H.
The said corporation shall exist and have
and enjoy succession under its corporate name
! (25) years from and after the date hereof !;
| and in its corporate name may sue and be
| sued, plead and be impleaded, appear, answer
and prosecute in any and all courts of justice
here and elsewhere. All citations or other
! Legal process shall be served upon the Presi-
| dent, and in case of mis- absence, upon the
| yice-President or Cashier OF said corporation,
ARTICLE III.
The said corporation is organized fr the
| purpose of doing general banking business,
and under the laws of this State shall have
power to discount bills, notes and other evil
| dences of debt to receive deposits, buy and
| sell gold and silver coins and bills of ex-
/ r. to and oil nd o1
security, and to use all incidental powers
necessary to carry on the business of banking
| Said corporation shall have power to hold
receive, purchase and convey by and under
its corporate name such property, real aud
| personal may be indispensable to the OBJ
| Jects of the association
ARTICLE ".
| The capital stock of said corporation is
hereby fixed and declared to be the sum of
| Seuentyfve thousand dollars 1875, ,000.00), with
| power to increase the same. bv a two-thir.-
| "a vote of the capital stock to the sum of
| One hundred thousand dollars $500 A0000l.
| The said increase may be made at any meet
| ing of the stockholders called for that pur
pose, after thirty days previous notice shall
| have been mailed to the last known address
| of each stock holder, stating the amount of
| the proposed increase The said capital
| stock shall be divided INTO seven hund I'd aud
| fifty (750) shares of the par value OF one hun-
| dred dollars ($i00 0O) each, which shall he
| paid in cash.
| Shares of stock of this corporation shall he
evidenced by certificates of stock issued hv
| its president, or in his absence by its vice
President and attested by its Cashier, and
bear the seal of the corporation. All trans
! fers of stock must be upon the books of said
corporation, either by the stakeholder, or by
his duly authorized agent.
When fifty thousand dollars 1850, ,000.00) of
| said capital stock shall have been subscribed
said corporation shall be authorized to COM
mence business.
ARTICLE "
The business and affairs of the said corpor-
| alton shall be under the superintendent and
| management of Board of Directors COM
posed of seven ~ stockholders, who shall be
citizens of this State and each of when shall
be the owner in his own name of not less than
five (5) shares of the capital stock of the cor
pOratiOn.
The said Board of Directors shall be elected
by ballot on the second Tuesday in January
of each year, beginning with the second Tues
day in January eighteen hundred and ninety
five 1885 and shall hold Office for one year or
until their successors are duly elected and
qualified. The said election shall be held ut
the Office of the said corporation under the
supervise of three commissioners to be ap
pointed by the Board of Directors. Thirty
days prior notice of such election shall be
given by publication in one of the newspapers
published in the town of Opelousas Louisi-
ana, and by written notice mailed to the last
known address of each stakeholder. A M.
jority of all the stock represented at that
| meeting shall be necessary to elect. Every
stock holder shall be entitled to one vote.
| either in person or by proxy, for each share
of stock owned by him as shown on the books
of the corporation.
Any vacancy occurring in said Board OF di-
rectors from any cause whatever shall be fill
ed by election by the remaining Directors.
A majority of said Board of Directors shall
constitute quorum for the transaction of
business.
ARTICLE vi.
The said Board of Directors at it's first
| meeting in each year shall elect from its own
nnmber a President, vice President and a
Cashier, and appoint from its number dis
count committee of three (3j. The said
Board of Directors shall also appoint from
time to time, an assistant cashier and such
| other officers, clerks or agents as may be
deemed necessary for the business and pur
poses Of the said corporation.
The Cashier, assistant Cashier and such
| other officers and clerks as shall be deemed
| necessary shall be required to furnish bonds,
in sums to be fixed by the said Board of
tee company to be approved by the said
Board
ARTICLE VII.
Said Board of Directors shall have full
| power and authority to make and establish,
as we'll as change, alter or amend such by
laws, rules and regulations for the manage
ment of the business and affairs of the said
corporation as may be necessarF and proper,
to make and use a corporate seal and the
| same to break and alter at pleasure.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults of
said corporation in any further sum than the
| unpaid balance due on the shares of stock
| owned by him nor shall any mere informal
| ity in organic alton have the effect of render
| ing this charter null or of exposing stock
holder to any further liability than the n"-
paid balance due on his stock.
ARTICLE TX.
This act of incorporation may he changed,
| modified or altered or said corporation may
be dissolved with the consent of threef"'Irih rs
IA of the entire capital stock of the sail cor
poration at q general meeting of the stock
| thirty (3O) days pricr notice of such meeting
| shall have been given by four successive pub,
| lieations in one of the weekly newspapers
published in the town Of Opelousas, La, and
| by mailing written notice to the last known
| address of each stock-holder.
| ARTICLE X.
Whenever this corporation Is dissolved
either BY limitation, or from any other cause,
\ it's affairs shall be liquidated under the su
perintendence of three stock-holders appoint
1 ed for that purpose by the Board OF Dlrec
| tors The said commissioners shall remaiL
| in Office until the affairs of the said corpora
tion shall have been fully settled and iiqui
dated. And in case of the death, resignation
| or inability to act of one or more OF sait
commissioners. the Board Of Directors shal
appoint successor or successors from among