The Houma courier. (Houma, La.) 1878-1939, 1896-09-12
CHARTER
OF
the PEOPLES BANK,
Ho,lrna. La.
STATE OF LOUISIANA,
PARISH OF TFRRERONNE. &

1 AIR1Di1 NJ AAANAhLbOANAA ~ 4
BE IT KNOWN. That on this Fourth day Of
the month OF August. in the year of Our Lord
Nne Thousand Eight Hundred Rnd Ninety |
six: before me. Aubin Bourg CLARK of the 18th
judicial District Court! Ex-tltfieio RECORDER
and Notary Public, duly qualified and sworn
in aud for said Parish of Ferrphonne. State
aforesaid, aud in the presence of the witnesses
hereinafter named and undersigned, persnn-
ally came and appeared the several persons
whose names are hereuAtO subscribed. who
declared that aVnilihg themselves of the pro
visions of the laws of this State relative to
the formation Of corporations. and especially
! Act No. 81 of 1882 and Act150 Of 1883 and the
, amendments thereto relative to the formation
Of banks and banking corporations they do
hv these presents covenant, agree and bind
themselves rs we'll as such other persons as
MAJ hereafter become associated with them,
to form and constitute Il corporation or body
polite IN law for the purpose and Nader the
agreements aud stipulations following, to-wit
ARTICLE |
The name, style and title of the corporation
shall be THE PEOPLES BANK its domi-
ellie md place for doing banking business
shall be in the town of HOuma, Parish of
Tarrebunne State of Louisiana. and shall be
a going corporation with u Capital Steck Of
TWENTY FIVE THOUSAND DOLLARS
and shall be authorized to begin business
whenever FIFTEEN THOUSAND DOL
Lara shall have been subscribed, and Ten
Thousand Dollars shall have been paid in
cash Said capital stock Of TWENTY-FIVE
THOUSAND DOLLARS is to be divided Into
Two Hundred and Fifty Shares Of One Hud-
bred Dollars each the appearers being the
shareholders and9their places OF residence and
the number Of shares and amounts held by
each OF them respectively being set forth op
posite the siguatute of each OF them. one,h;dt
: of which shares is to be paid cash, and the
other half within twelve months from the
, date of the existence of this corporation sub
jeet to the call of the Board Of Directors.
ART. LII.
The said corporation shall commence itsex-
d, Istence from the date of this act for a period
of Ninaty-uiuc years, ANA by its corporate
name may sue and be sued, plead and be i'm
pleaded. appear, answer and prosecute IN any
and all courts. of Justice aud elsewhere. The
8 President Of tins corporation shall be the
officer Oh whom citations shall be served.
y ART. III.
This corporation is organized Tor the purpose
of doing u general Banking business, and I'M
der the laws of this state shall have power tu
" discount bills, notes and other evidences OF
t debt to receive deposits, buy and sell gold
+ and silver cOiu anu bills of exchange; to lend
money on real aud personal security and to
exercise all incidental powers necessary u
carry on a general Banking business. Ihe
, said corporation shall also have the power TO
hold, receive, purchase and convey, buy. and
under their corporate name such property
real and personal, as may be Indispensable t.
the object of this corporation.
AIT "
a The said corporation shall be managed by
Board of Eleven directors, who shall be ac
L tual residents and citizens oil this State ant
; "ctual stOck-hOldurs Of the said corporation e
he elected by ballot on the Second Thursday
of June of each year, live of whom shall com
pose u quorum for tie transaction of any ant
all husIness; and said DIRECTORS shall loit
office fOroue year or until their successors sinai
have been elected and qualified. Al elections
shall be conducted under the supervision o
T. ~ LA.1 l. 1T A", 1,g nnh nm L Ne y
appointed by the Board of Directors for tina
lo purpose and in case Of any one of said Com
niissictlers OF Election declining OF iailliIg U
act the President shall appGint another to I'll
his place, tho persons receiving the NShes
Is number OF 5otes shall be declared elected.
~ The said Board Of Directors shall elect iron
h. their number IL President and Vice resident
They shall also elect all other ot1ices OF I'll
Bank and fix their salaries. All vacalcie
- occurring in the Board Of Directors shall b
filled by the Board.
Previous notice of Mt least ten days shall b
given Of each annual election by written NJ
< lice, or by publication III IL newspaper pul
- lished in the town Of Houma; and in case
no election OH the day fixed this President
the Board of Directors shall eanse an electlG
to be held as soon thereafter as possible.
failure TO elect q Board of Directors shall III
;Es forfeit the Charter but the Directors i'll OH.
III shall remain until their successors have bee
elected and qualified.
AR We.
The said Board of directors shall make al
n Ordain such BY Laws for the proper manae
g ment OF the affairs of said cOTpoIatIona as mi
TH he necessary and proper in conformity wi
I'LL the provisions of laws of the State and u
MT act, and such Bylaws to alter, amend a.
TSA change or repeal at pleasure and they shi
RI adopt for the use of the corporation u seal
ET the following description A circular disk
the margin Of which is inscribed, 'TlIe ~
pies Bank Houma, la, in the center
which circular disk is the Louisiana coat
arms.
on ART, vi.
orc. Whenever this corporation is dissolved Ell
or by limitation or for any other cause
0 OF affairs shall be liquidated under the super
sion of three commissioners to be appoint
'ouf from the stockholders at a general meet
lce. convened for that purpose after thirty dt
,oo prior notice by publication in ~ newspaper
Houma, La, and with the assent oi tn
: fuurths Of the stock represented at such mt
! OH ing, said I commissioners to remain IN OF
Cuts until TIL affairs OF the corporation shall hi
been full. liquidated.
ART, VII,
This act of incorporation may be chang
tors modified or altered, or said corporation N
be dissolved ut q special meeting of The sto
the holders convened for that purpose afterthl
that DAYS prior notice by publication IN a ne
Ised' paper published in HOuna with the assent
;" three fourths OF the capital stock OF sud &
poratiun. Amy change OF alteration az TO
capital stock Dt said corporation shall Iequ
the assent of three-f0urths OF the amount
the entire capital stock OF the cOrporat
,Inl- subscribed and paid for, aud IN addition
npls the required thirty days prior notice ~ p
enta lication 4 forty days prior notice IN Wrltlns
any meeting called for that purpose shall