The Opelousas courier., 1894-03-03
CHARTER
OF THE
ST. LANDRY STATE BANK.
STATE OF LOUISIANA,

ninety 1Ouf, before me, OSCAR Ii. 1ERWILLI-
GER, ID 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 hereunto subscribed who
declare, that avaiing themselves of the pro
visions of the laws Of this State relative to
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 stipnations and agreements
following to-wit:
ARTICLE /
The name and title of said corporation shall
be the ST. LANDRY STATE BANK, and its
dOmicile and place of business shall be in the
town of Opeloasas, 81. Landry parish Louist,
ana.
ARTICLE Ill.
The said corporation shall exist and have
and enjoy succession u>Sier its corpora te name
for the full term and period of twenty five
(95) years from aud after the date hereof
and i'll its corporate name may sue and be
sued, plead and be mpleaded. 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
yce-President or Cashier Of said corporation
ARTICLE III.
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. note1 and other evi
dences of debt ; to receive deposits, buy and
sell gold and silver coins and bills of eX
change to lend money on real aud 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
its corporate name such property, real and
personal as 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
Serenity fre thousand dollars ($75, 900 .OO), with
power to increase the same. by a two-thirls
81 vote of the capital stock, to the sum of
One hundred thousand dollars $500 OOO0O)
ing of the stock holders called for that pur-
pose, after thirty days previous notice shall
have been mailed to the last known address
OF each stOck-helder, stating the amount of
the proposed increase The said capita!
stock shall be divided into seven hundred and
fifty t750) shares of the par value of one hun
lred dollars t$lOO O0) each, whicl, shall be
paid in cash.
Shares of stock Of this corporation shall be
evidenced by certificates of stock issued by
its 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 stakeholder, or by
his duly authorized agent.
When fifty thousand dollars 1850, ,O0OOO) of
said capital stock shall have been subscribed
said corporation shall be authorized to com
mence business.
ARTICLE V.
Tl,o1 a. a.,
alton shall be uneer the superintendent and
management of q 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 t5I 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 at
the office of the said corporation under the
supervision of three commissioners to be ap
pointed by the Board of Directors, Thirty
days prior notice ni 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 ma
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
constitate a quorum for the transaction of
business.
ARTICLE VI
The said Board of Directors at its first
meeting in each year shall elect from its own
number a President, vice. President and a
Cashier, and appoint from its number dis
count committee Of three (3) The said
Board of Directors shall also appoint from
time to time, an assistant cashier and such
other fficers, 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 shall be deemed
necessary shall be required to furnish bonds,
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 aud 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 rs may be necessary and proper,
to make and nse corporate seal and the
same to break and alter at pleasure.
ARTICLE VIII.
No stock-holder shall ever be held liable
responsible for the contracts 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 organiz alton have the effect of render
ing this charter null or of exposing Il 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 said corporation may
be dissolved with the consent of three -fourths
u OF the entire capital stock of the said cor
poraiion at a general meeting of the stock
holders convened for that purpose, after
thirty (3O) days prt 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 a 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 lqnidated under the su-
permit endence OF three stock holders appoint
ed for that purpose by the Board OF Drcc-
tors. The said commissioners shall remain
in Office until the affairs Of the said corpora
ton shall have been fully settled and iiqui~
dated. And in case of the death, resignation
or inability to act of one more of said
commissioners. the Board of Directors shall
appoint Il successor or successors from among
the stock k-bolders of said corporation
ARTICLE XII.