The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1894-02-24
CHARTER
OF THE
ST. LANDRY STATE BANK.
STATE OF LOUISIANA,
PARISH OF ST. LANDRY.

PARISH OF ST.. LANDRY.
DE II KNOWN that on this third day o
ID the month of February, in the year .
our Lord. one thousand eight hundred ant
ninety four before me, OSCAR H. TERwILLI
GER, notary public, duly commissioned anC
qualified and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
| whose names are hereuDtO subscribed, wht
declare, that availing themselves of the pro
visions of the laws Of this State relative tt
! 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 a corporation and body
| polite in law for the objects and purposes
and under the stipulatons and agreements
| following to-wit:
The name and title of said corporation shall
| be the ST. LANDRY STATE BANK, and its
domcile and place of business shall be in the
town of Opelousas, 81. Landry parish, Lonisi-
ana.
ARTICLE H.
The said corporation shall exist and have
and enjoy succession under its corporate name
for the full term and period of twenty-five
(25) years from and after the date hereof :;
and in its corporate name may sue and be
suou, pI6du anu Uo Mpledueu, 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 Pres-
dent, and in case Of his absence, upon the
vice-President or Cashier of said corporation
ARTICLE Ill
The said corporation is organized for the
purpose of doing general banking business,
and under the laws of this State shall have
power to discount bills, notes and other evi-
dancps Of debit rArai 1aposifa huv
sell gold and silver coins and bills of ex-
change to lend money on real and personal
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
personal as may be indispensable to the OBJ
jects of the association.
ARTICLE w.
The capital stock of said corporation is
hereby fixed and declared to be the sum of
Seventy jsve thousand dollars ($75, 5,000.O0), with
power to increase the same, by a two-thirds
90 vote of the capital stock, to the sum of
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 stakeholder, stating the amount of
the proposed increase. The said capital
fifty t75O) shares of the par value of one hun
dred dollars t$1OO.0O) each, which shall be
paid in cash.
Shares of stock of this corporation shall be
evidenced by certificates of stock issued by
it's president, or in his absence by it's 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 stockholder, or by
his duly authorized agent.
When fifty thousand dollars $3.50 000.00) of
said capital stock shall have been subscribed
said corporation shall be authorized to COM
mence business.
ARTICLE v.
The business and affairs of the said cerpor-
alton shall be under the superintendence and
management OF a Board of Directors COM
posed of seven ~ 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,
porati0n.
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 successDrs are duly elected and
qualified. The said election shall be held at
the Office Of the said corporation under the
super vision 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. ma
jority of all the stock represented at that
meeting shall be necessary to elect. Every
stockholder 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
Oh 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.
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 it's own
number President vice President and
CASH. y, and appoint from its number dis
count committee of three t3). 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 aud 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 necessary and proper,
to make and use corporate seal and the
same to break and alter at pleasure.
ARTICLE VIII.
No stock holder 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 n stock
holder to any further liability than the un-
paid balance due on his stock.
ARTICLE TX
This act Of incorporation may be changed,
modified or altered or said corporation may
, be dissolved with the consent of three -fourths
~ of the entire capital stock of the said cor
poration at general meeting of the stock
holders convened for that purpose. after
thirty 1907 days prit notice of such meeting
shall have been given by four successive pub:
| lications in one of the weekly newspapers
| published in the town of Opelousas, La, and
| by mailing written notice to the last known
i address of each stock holder.
! ARTICLE x.
Whenever this corporation is dissolved