The Houma courier. (Houma, La.) 1878-1939, 1896-08-22
CHARTER
Or
The PEOPLE'S BANK,
HOnma. La.
STATE OF LOUISIANA, }
PARISH OF TERREBONNE.

NAASA0AA W 1
BE IT KNOWN, That on this Fourth day Of
the mouth OF August, in the year Of Our Lord
tine Thousand Eight, Hundred and Ninety
six: before me. Aubin BOurg, Clerk of the 18th |
Judicial District Court, Ex-Oficio Recorder
aud Notary Public, duly qualified and sworn
in and for said Parish of TerrebOne. State
aforesaid, aud in the presence of the witnesses |
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are herenntO subscribed, who |
declared that av;iling themselves Of the pro-
visions of the laws of this State relative to
the formation Of corporations. and especially !
Act No. 80 of 1882 and Act $50 of 1888 and the
amendments thereto relative to tho formation
of banks and banking corporations they do
by these presents covenant, agree and bind
themselves as well as such other persons as
MAJ hereafter become associated with them,
to form and constitute q corporation or body
polite N law for the purpose and under the
agreementsand stipulations following, to.wit
ARTICLE
The name, style and title of the corporation
shall be THE PEOPLES BANK" its dOmi-
cile and place for doing Banking business
shall be III Itbe town OF HOuma, Parish Of
Tsrrebonme State Of Louisiana, and shall be
a going corporation with q Capital stock Of
.TWENTY-FiV THOUSAND DOLLARS,
and shall be anthOrizedgt begin business
whenever FIFTEEN THOUSAND DOL
LARS shall nave been subscribed, and Ten
Thousand Dollars shall ave been paid in
cash Said capital stock Of TWENTY-FIVE
THOUSAND DOLLARS is to be divided into
Two Hundred and Fifty Sliares of Que Hun
bred Dollars each the alrpearers being the
shareholders and theiraplacea of residence and
the nuniberOf shares aud amounts held BY
! each Of them respectively being set. forth OPP
| pasite the signature of each OF them. One-half
Of which shares is to be paid cash, and the
other half within twelve months from the
| date Of tho existence Of this corporation sub
iect to the call Of the Board Of Directors.
Il II.
The said corporation shall commence 1tsex
istence from the dtte Of this aet Tor a4ltetiea
Of NiDBty-nine years, and by It's corporate
name may sue and be sued, plead aud be i'm
pleaded, appear, answer and prosecute IN nAY
and all courts of Justice aud ~elsewhere. The
President Of this corporation shall be the
officer Oh whom citations shall DO served.
ART. III.
This corporation is organized tor the purpose
OF doing d general Banking business, and I'M
der the laws of this State shall have power to
discount bills, notes and other evidences 1T
debt TO receive deposits, buy and sell gold
and silver coin ana bills Of exchange; to leud
money on real and personal security and to
exercise all incidental powers necessary to
carry on a general Banking business. The
said corporation shall also nav the power to
hold, receive, purchase and convey, buy, and
under their corporate name such property,
ISul U1NA PCAbuAtolg to AA4y " AA0AoRGAuA1A0 y
the object Of this corporation.
ART. Nv.
The said corporation shall be managed by a
Board OF Eleven Directors, who shall be ac-
tual residents and citizens Ofthis State and
aetual STOCKHOLDERS of the said corporation to
be elected by ballot en- tho SecOud ThUrsday
Of June of each year., five Of whom shall com
pose a quorum for the trunsaotiOn of any and
all business; and said nitedtors shslI hold
office forOre year or until their successors shall
| have been elected and qualified, All elections
| shall be conducted under the supervision of
three stockholders who are not Directors
| appointed by the Board of DIRECTORS for that
purpose, and in case of any one Of said Com
missiuners of Election declining or falling to
act the President shall appoint another to fill
his place, The persons receiving the highest
number OF votes SHAFT he declared elected.
The said Board OF directors shall elect from
their number a President and Fice-Presldent.
They shall also elect all other offices of the
Bank aud fix their salaries. ALI vacancies
occurring in the, Board vi Directors shall be
filed by the BOard.
Previous notice of at least ten days shall 10
given Of each ANNUAL election by written no
nce, or by publication in a newspaper pub
lished in the town Of Houma; and in case of
no election on the day liked the President Of
the Board of Directors shall cause an election
to be held as soon thereafter as possible, A
failure to elect u Board of Directors shail not
4 III LOAg wv = = 0aA gAS Ia 0AA&S
shall remain until their successors have been
elected and qualified.
ART. v.
The said Board OF Directors shall make and
Ordain such BY Laws for the proper manage.
ment OF the affairs of said corporation as may
be necessary and proper in conformity with
the provisions Of laws of the State and this
act, and such Bylaws to alter, amend and
change or repeal at pleasure aud they shall
adopt for the use Of the corporation u seal OF
the following description A circular disk on
the margin Of which is inscribed, 1.-The PeO-
pies Bank Huuma, La, in the center OF
which circular disk is the Louisiana coat Of
arms.
ART. VI.
Whenever this corporation is dissOlveJ
er by limitation or for any ,0thep
affairs shall be ~liquidated under
sion of three Commissioners
from the stockholders -
convened for that pr
Houma, La, I 49,
fourths of tbs
mt until Ts II y il
! bth S eent piece .
oe 8 finest
Vo ~deious
Snow ast how
Vol tfY Il