The Opelousas courier., 1894-03-10
CHARTER
OF TIE
ST. LANDRY STATE BANK.
STATE OF LOUISIANA,
PARISH OF ST. LANDRY.

DE IT KNOWN thai on this third day OF
AJ the mouth "f February, in the year Of
our Lord. nnr Thousand eight bundled and
ninets four. before Inc. OSCAR Ii TtKWILLI-
GER, ii notarI public, duly commissioned and
qualified and III the presence u! the witnesses
hereinafter named aHul Undersigned, person
ally came and appeared the several persons
whose names are hrreuntu subscribed, who
| declare. that avaIling themselves of the pro
visions nj the laws of This State relative tn
The formation of c"rp"r,:i"ns for The purpose
of banking, they do by these presents cove
rant and agree. and bind Themselves aud
those whom they represent aud those who
may hereafter become associated with them,
to form aud constitute Il corporation and body
polite III law for the objects and purposes
and Inpler the stipula1inns and agreements
following to-wit:
The name aud title of said corporation shall
he the ST. LANDRY STATE BANK, aud its
domicile and place of business shall be in the
town of Ope'ousas, 81. Landry parish Louisi-
ana.
ARTICLE II.
The said corporation shall exist and have
and enjoy succession under its corporate name
for the full term and period of twenty. five
t25) years from and after the date hereof;
and i'll lis corporate name may sue and be
sued. plead and be impleaded. appear. answer
and prosecute i'll any and all courts of Justice
bttt iu'i ViSC CIT All CltdlIbtS VI lit
legal process shall be served upon the Presi-
lieut., ana in case Of his absence, upon the
vice-President or Cashier of said corporation.
ARTICLE III.
The said corporation is organized for the
purpose of doing a 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-
alrr Ya tn ln,,.1 ,n,. ~, .~I - ---
security, and to use all incidental powers
necessary to carry on the business of Blinking.
Said corporation shall have power to hold,
receive. purchase and convey hv and under
its corporate name such property, real aud
personal as may be Indispensable to The OBJ
jrcts Of the t>-uciafiOn.
ARTICLE ".
The capital stock of said corporation is
hereby fixed and declared to be the sum of
Serenity fire thousand dollars 1875, 900. OO), with
power /" increase the same, by a two-thirals
81 vote of the capital stock, to the sum of
One hundred thousand dollars $500, 00O. OO).
The said increase may he made at any meet
ing of the Stockholders called for that pur-
Pose, after thirty days ;reviuns notice shall
have been mailed to the last known address
of each stakeholder stating the amount of
the proposed increase The said cauital
stock shall be divided into seven hundred and
fifty (750) shares of the par value of one hun
dred dollars $500 0O) each, which shall be
paid in cash.
Shares of stock of this corporation shall be
evidenced by certificates Of stock issued bv
it's president, or in his absence by it's vice
President, aud attested by it's Cashier, and
bear the seal of the corporation. All traus-
ters of stock must be upon the books of said
corporation. either by the stakeholder, or Inv
his duly authorized agent.
When fifty thousand dollars 1880, 900. 0O) of
said capital stock shall have been subscribed
said corporation shall be authorized TO com
mence business.
ARTICLE V.
The business aud affairs of the said corpor-
alton shall be unSer the superintendent and
management OF a Board of Directors com
posed of seven az stockholders, who shall be
citizens of this State and each of whom 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 b. 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 un,le; the
supe! vision of three commissioners to be ip
!ninted by the Board of Directors Thirty
days pri"r notic, of such election shall he
given by publication in one of the newspapers
published III th" town of Oltrlousas, Lnnisi.
ana, and by written ilotir.' maiieh to the last
known address of each stock holder. A ma
jorit.y of all the stock represented at that
meeting shall br necessary t." elect. Every
stock-h"ider shall be entitled to one vote,
either in person or by proxy, for each share
of stock owned by him as shown on the hooks
OF the corporation.
Any vacancy occurring in said Beard of di.
rectors from any cause whatever shall be fill
ell by election by the remaining Directors.
A majority of said Board of Directors shall
a quorum for the transaction If
business.
ARTICLE vi.
The said Board of Directors at its first
meeting in each year shall elect from it's own
number a President, a vice President and a
Cashier, and appoint from its number a dis
count committee of three (3). The said
of Directors shall also appoint from
time to time, an assistant cashier and such
other officers, clerks or agents as may be
necessary for the business aud pur-
poses of the said corporation.
e The Cashier, assistant Cashier and such |
other officers and clerks as shall be deemed
shall be required to furnish bonds,
in sums to be fixed by tho said Board of
Directors, in some good and solvent guaran-
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
rules and regulations for the manage
ment Of the business and affairs of the said
corporation as may be necessary and proper,
to make and nse a corporate seal and the
to break and alter at pleasure.
ARTICLE VIII.
No stock h @der shall ever be held liable
Or responsible for tho contracts or faults of
said corporation in any further sum than the
unpaid balaIA'e due on the shares of stock
owned by hi9 nor shall any mere informal.
ity in organiz alton have the effect of render
ing this charter null or of exposing a stock
holder to any further liability than the un-
paid balance due on his stock.