The Houma courier. (Houma, La.) 1878-1939, 1896-08-15
CHARTER
OF
H PEOPLE'S BANK,
Houma. La.
HOunna. La.
STATE OF LOUISIANA,
PARISH OF TERREBONNE.

DE ANOhNs AuAO WI bulS FOufBn UHY OF
tho month OF August, in the year Of Our Lord
One Thousand Eight Hundred and Ninety
six; before me, Aubin BOurg, Clerk of the 18Th
judicial District Court, Ex-Ofiieio Recorder
and Notary Public, duly qualified and sworn
in and for said Parish of Terrebonne, state
aforesaid, 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
declared that availing 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 the formation
of banks and banking corporations they do
by, these presents covenant, agree and bind
themselves IA we'll as such other persons as
mag hereafter become associated wish them,
to form and constitute u corporation or body
polite IN law for the purpose and under the
agreements and stipplations following, to-wit
ARTICLE l
The name, style and title of the corporation
shall be THE PEOPLES BANK its dOmi-
Gle and place for doing Banking business
shall be in 1.-THE town of HOuma, Parish of
TarrebOnue State of Louisiana. and shall be
q going corporation with a Capital Stock Of
TWENTY FIVE THOUSAND DOLLARS 4,
and shall be authorized to begin business
whenever FIFTEEN THOUSAND DOL
LARS shall have been subscribed, and Ten
Thousand Dollars shall baye been paid in
| Chnu DuAu GupibHtA SIOUX VI 4
THOUSAND DOLLARS is to be divided intO
Two Hundred and Fifty Shares of Une Hun
dred Dollars each the appearers icing the
shareholders and their places of residence and
the Number OF shares and amounts held by
each of them respectively being set forth OPP
pOsite 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
dute of the existence of this corporation sub
ject to the call Of the Board Of Directors.
Art, IL.
The said corporation shall commence its
~istenee from the date Of this act for a period
of Ntnety,niUe years, and 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
President of this corporation shall be the
officer On whom citations shall be served.
ART. Ill.
This corporation is organized tor the purpose
of doing IA general Banking business, and I'M
der the laws of this State shall have power to
discount bills, notes and other evidences of
debt to receive deposits, buy and sell gold
aud silver cOiu and bills of exchange; to lend
money on real and personal security and to
exercise all incidental powers necessary to
carry on q general Banking business. The
said corporation shall also nave the power to
hold, receive, purchase and convey, buy, and
under their corporate name such property,
real aud personal, as may be Indispensable to
/ tho OBJSNO VI Hho GoEpOi hGiUus N
ART. ".
The said corporation shall be managed by a
Board Of Eleven Directors, who shall be ac-
tual residents and ~citizeus of this State and
SEXUAL stockholders of the said corporation to
be elected by ballot on the Second Thursday
of June Of each year, five of whom shall cOm-
pose a quorum for the transaction Of any and
all business; and said Directors shall bold
Office fOrOne year or until their successors shall
have been elected and qualified. All elections
shall be conducted under the supervision of
three stockholders who ale not Directors
appointed by the Board Of Directors for that
pnrpsse and in case of any one of said Com
nissiuners of Election declining or falling to
act the President shall appoint another to fill
his place, The persons receiving the highest
number OF votes shall be declared elected.
The said Board of Directors shall elect from
their number a President and Vice-President
They shall also elect all other Offices Of the
Bank aud fix their salaries. ALI vacancies
occurring in the Board Of Directors shall be
filled by the Board.
Previous notice of at least ten days shall be
given Of each annual election by written no
uce. or by publication in a newspaper pub
lished in the town of Houma; and in case OF
no election on the day fixed the President of
the Board OF. Directors shall cause an election
to be held as sOonathefeafter as possible. "A
failure. to elect a Board Of Directors shall not
forfeit the Shavter but the Directors in Office
u oAAAA OhAt1d hhNAA AiCAA o0S0N1S0A0 AsN OC0A
elected and qualified.
ART. v.
The said Board of Directors shall make and
OrdaiA such By laws for the proper manage
ment OF the affairs of said corporation us 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 and they shall
adopt for the use Of the corporation q seal Oi
the following description A circular disk on
the margin OF which is inscribed, 'Fhe PEG.
pies Bank HOnmR, La, in the center Of
which circular disk is the Louisiana coat Of
arms.
ART. vi.
Whenever this corporation is dissolved eth
er by Limitation or for any other cause itf
affairs shall be liquidated under the supervi-
sion ofthree Commissioners to be appointed
from the stockholders at q general meeting
convened for that purpose after thirty days
prior notice by publication in a newspaper a
Houma, La, and with the assent OF three
fourths OF the stock represented at snch meet
ing, said Commissioners to remain in otic'
until the affairs of the corporation shall have
boon fully liquidated,
ART, VII.
This act OF Incorporation may be changed
modified or altered, or said corporation ma.
be dissolyeda at a special meeting of the stock
holders convened for that purpose after thirt,
days prior notice by publication in a news
paper published in Houma with the assent 0
three fOurths Of the capital stock of said cor
pOration. Any change or alteration as to tn
capital stock OF said corporation shall Iequir
the assent of thr~ee-fOurths of the amount O
the entire capital stock of the corporation
subscribed and paid for, and in addition t
the required thirty days prior notice by put
LEGATION a forty days prior notice in writing d
any meeting called for that purpose shall b