The Opelousas courier., 1894-02-17
CHARTER
OF THE
ST. LANDRY STATE BANK.
STATE OF LOUISIANA.
PARISH ST. LANDRY.

our Lord. one thousand eight hundred and
ninety four before me, OSCAR Ii. TEKWILLI-
GER, IA 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 hereunt" subscribed, who
| declare, that availing 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 il corporation and body
polite in law for the objects and purposes
| and under the stipulations and agreements
| following to-wIi
ARTICLE
| The name and title of said corporation shall
| he the ST LANDRY STATE BANK, and it's
demicie and place of business shall be in the
town of Opelousas, 81. Landry parish, Louisi
| ana
ARTICLE Ii.
The said corporation shall exist and have
and enjoy succession under it's corporate name
for the full term and period of twenty-five
(25) years from and after the date hereof;
| and in its corporate nisne 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-
yice-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 evil
dences of debt to receive deposits buy and
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
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 Jiue thousand dollars 1876, ,000 00), with
power to increase the same by q tw0-thirdS
t3) voteef the capital stock, to the sum of
One hundred thousand dollars ($l00,00000).
The said increase may he made at any meet
ing of the stockholders called for that pur
pose, after thirty days previous notice shall
have been mailed to the last known address
of each stock holder. stating the amount of
the proposed increase Tba said capital
stock shall be divided into seven hundred and
fifty (750) shares of the par value OF ohe hui
,rsd dollars t$l00 00) each which shall be
paid i'll cash
Share- of stock OF this corporation shall be
evidenced by certificates of stock issued by
its president, or in his absence by its vice
President, and attested by its Cashier, and
bear the seal of the corporation. Ali 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 $50,00000) 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 cOrpOr-
alton shall be under the superintendent 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
pOratiOn.
The said Board of Directors shall be elected
by ballot on the second Tuesday in January
of each year, beg inning 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
he office of the saisi corporation under the
supervision of three commissioners to be ap
pointed by the Board of Directors Thirty
days prior notice If such election shall be-
given by publication in one of the newspapers
published in the towH of OpeOusas, LOuisi
ana, and by written notice mailed to the last
known address of each stock k-holder. 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.
Amy vacancy occurring III 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 quorIm 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 (3). The said
Board of Directors shall also appoint from
time Us time an assistant cashier and such
other officers, clerks 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 ts shall be deemed
necessary shall be required t. furnish bonds,
in sums to be fixed by the said Board OF
Directors in some good and solvent guaFan-
tee company to be approved by tho said
Board.
ARTICLE VII.
Said Board of Directors shall have full
power and authority to make and establish.
as we'll ~ change alter or amend, snc! by
,
mnnt of the business aud affairs of the said
corporation as may be necessary aud 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 tie contracts or fanlts Of
said corporation in any further sum than the
uupaid balance due the shares OF stock
owned by him; nor shall any mere informal
ity in organic alton have the effect nf render
ing this charter null or of exposing 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
III of the entire capital stock of the said cor
poration at general meeting of the stock
holders convened for that purpose after
thirty (30) days pritf 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 lust knnwn
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 iquidated under the
perintendenee of three stock holders appoint
ed for that purpose by the Board OF Direc
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 cor mnle of said
commissioners, the Board of Directors shall
appoint successor or successors from among
the stock holders of said corporation
? ARTICLE vi.