The Houma courier. (Houma, La.) 1878-1939, 1896-09-12
CHARTER
Or
THEPEOPLE'S BANK,
E1Ot4Ina, La.
STATE or LOUISIANA, )
PARISH or TERREBOSNE. {

SlAIE OF LOUISIANA "A,
PARISH OF TERREBOSNE.
Be IT KNOWN. That on this Fourth day Of
the month 0t August, in the year Of Our Is,0d
tine Thousand Eight Hundred aud Ninety
six: before me. Aubi Buurg, Clerk of the 18Th
judicial District Court, Ex-Oflcio Recor ,ler
and Notary Public, duly qualified and sworn
in and for said Parish Of nerrebonne, State
aforesaid, and in the presence of the witnesses
hereinafter named aud undersigned, person
ally came aud appeared the several persons
whose nantes are hereunt subscribed, who
declared that avail1lg themselves of the pro.
visions of the laws Of this State relative to
the formation of corpor ltiOns. and especially
Act No, so of 1882 and Actl50 Of 1888 and the
amendments thereto relative to the formation
Of banks and banking corporations they Ito
by these presents covenant, agree and bind
themselves us we'll as such other persons as
inar hereafter become associated with Them.
to form and constitute u corporation tr lpsdy
polite n law for the purpose and uiidei the
agreements anil stipulations following, tb-wit:
ARTICLE ]
The name, style and title of tile. cvPuar,tiou
shall be THE PEOPLES BANK: its dmhi-
ellie and place for doing banking business
shall be In the town OF H1nna. Parish nf
Torrehnnne. State of Louisiana. aud shall b..
d going corporation with il s,apttal stock nf
TWENTY-FIVE THOUSAND D0lLAlsS /.
uud shall be authorized to begitt lmSiness
W ANiACN u \ = aAAN INV 20 MI LAAtaI-
LARS shall have hcen subscribed, and Ten
Thousand Dollars shall have heeD paid ia
cash Said Capital stock sc TWENTY FIVE
THOUSAND DOLLARS is to 10 DIVIDED into
Twu bundled and Fifty Shares 1T Tine Hi I.
ditd 90llars each the appeareys being the
shareholders aud their places of n sideuep and
the number nt shares and amounts helti by
each Of them respectively being set forth on.
pusite the signature Of each OF them. oue-hali
OF which shares is to be paid cash. and the
Wlher half within twelve lnorths from the
date oI the existence Of this eorphrntfdn sub
jeot to the call of the Board sc Directors.
ART. III.
The said corporation shall commence itsex-
lstence from the date of this act fur 4 period
OF Ninety -niHe years, and by its corporate
maine may sue and lie sued, plead aud lie i'm
pleaded, appear, answer and prtsecute in amy
ani all courts Of justice and elsewhere. The
President Of this corpora ton shall be- the
officer Oh whom citations shall he served.
r III.
This corporation is organized TOR The purpose
of doing u general Banking busime vs., and un-
der the laws of this State shall have power to
discount bills, notes and other evidences Of
debt TO receive deposits, bay and sell cold
aud silver coin and billie of exchange, to lend
ahoney on real and personal s%GGurity and to
exercise all incidental powers necessary tn
carry on u general Banking business. The
saicticOrpOratiUn 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 to
the object of this corporation.
WI, ART. Nv.
Tho said corporation shall be managed by a
Board OF Eleven Directors, who shall be az
tual residents and citizcns of tliis State and
actual 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 q quorum for the transaction of any and
all business; and said Directors shall hold
Office forOr 9 year or until their Successors shall
have been elected and qualified, I'll 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
missiGners of Election declining or ltililg to
act the President shall appoint another to fill
his place, The persons receiving the highest
number OF votes shall he declared elected.
The said. Board of Directors shall elect from
their number q President and Vice President.
They shall also elect all other offices If the
Bank and fix their salaries. Ali varaneies
occurring in the Board Of Directors shall be
filed by the Board.
Previous netice of at least ten days shall be
given OF each annual election by written no
tice, or by publication in il newspaper pub
lislled in the town of HOu,na; and in case OF
no election on the day fixed Tie President Of
the Board of Directors shall cause All election
to be held as soon thereafter as possible. a
failure to elect a Board Of Directors shall not
forfeit the tharter but the Directors III Office
shall renIain until their Successors have been
elected aud qualified.
ART. ".
The said Board of Directors shall make and
ordain such BY Laws for the proper manage
ment Of the affairs Of said corpoi alton as may
be necessary and proper In conformity with
the provisions of laws Of the state and this
art and snail. Itr-Iu ~ fkH uffAr ~ a taar.T nal
change or repeal at pleasure and they shall
adopt for the use of the corporation d seal Of
the following description A circular disk OH
the margin Of which is inscribed, "Ilie Peo-
pies Bank Houtna, La, in the Center bf
which circular disk is the Louisiana coat Of
arms.
ART. VI.
Whenever this corporation is dissolved eth.
er by limitation or for amy other cause its
affairs shall be liquidated under the eupervi-
sion of three commissioner to be appointed
from the stockholders at II general meeting
prior notice by publication in n Newspaper at
Bouma, La, and with tic asseht o fthree
fOurths of the stock represented at such Meet
ing, said I commissioners to remain ia Office
until th- affairs Of the corporation shall have
been July liquidated.
ART, VII,
This act OF Incorporation may be chaneeds
modified or altered, OF said corporation may
be dissolved ut u special meeting Of the stock
holders convened for that purpose after thirty
days prior notice by publication in q news
paper published i'll HOuma with the assent Of
Three f0urths Of the capital stock of said cor.
p0ration. Any change Ok alteration as to the
capital stock ct said corporation shall leqdire
the assent Of tlree-fOurths Of the amount of
the entire capital stock OF the corporation
subscribed and paid for, and in addition to
the required thirty days prior notice by pub
location a forty days priur notice in writing Of
any meeting called for chat purpose shall be
mailed to such stockholders.