St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-05-21
CHARTER
OF THE
BalkOtC0Viilgt0D
United States of America, State OF
Louisiana, Parish Of st. Tam
many. Town Of Covington.

BY this public instrument know ye,
that on this 22nd day cf March, 1888,
before me, H. r. Warren. Clerk OF the
district court and ex-oficio . notary
public, duly commissioned and qualided
according to law, in and for st. Tam
many Parish, La, and In the presence
of the hereinafter named and unoer-
signed witnesses, personally came ana
appeared the herein named and under
signed persons, who declared that they
do now organize themselves together
for the purpose Of doing . general
Banking business, under the laws OF
the State Of Louisiana, and they declare
the following as their Charter viz;
Charter Of the BANK OF CONVICTION.
Article /.
The name Of this corporation sh>ll be
BANK OF CONVICTION. Parish of st.
Tammany, State Of Louisiana.
Article 2.
This corporation Is organized for the
purpose Of doing . general Banking
business, and shall have the power to
do Ill things granted to such corpora
ton, under the Banking laws Of this
State.
Article 8.
The capital stock Of this corporation
Is fixed at Fifteen Thousand Dollars,
divided into one hundred and fifty
(l5O) shares. Of one hundred (1OO) dol
lars each, payable one half on the COM
mencement Of business, and balance
within twelve months thereafter, rs
called for by the Board Of Directors.
Said capital stock may be increased to
any amount not exceeding one hundred
thousand dollars, with additional asso-
station, according to provisions OF law.
Article
This corporation shall begin business
on the End day Of June, 1898, and re-
main . body polite for ninety-nine
years.
Article 5.
The Affairs of this corporation shall
be managed by Board of Directors,
majority of whom shall be residents Of
st. Tammany Parish, styled the Boart
of Directors, who shall be elected BY
the Stockholders, at . meeting held FOL
that purpose, each share emitting thu
holder thereof to one vote, and thu
eleven persons receiving the creates
number of votes shall be declared duly
elected Directors.
Article 6.
The President of this corporation
and In his absence the Cashier, shall b.
the proper person upon whom all cita
tons, legal process or notice shall b
served.
Article Z
This corporation shall have a seal
upon which shall be engraved the FOL
lowing words, "Bank Of Covington
Corporate Seal, Covington, La"
| Article s.
| The first Board of Directors. togethe
with the President, shall be II. j. Smith
O. ". Richard, ]. s. Jones, H. II. Smith
10. NJ. Nilsson, M. c. Day, E. J
Frederick, c. S. E. Darlington, E. Fred
erick, G.. II. Bickham and C. 4
Williams.
This corporation may be liquidate
at the end Of its term, or sooner. by
vote Of two-thirds majority Of the stock
at . meeting held for that purpose
after thirty days written notice maile
TO the address of the stockholders, an
also thirty days notice by publication
In newspaper published ut Covington
La. Such liquidation shall be made b
"a commissioner or commissioner
chosen ut said meeting by majority Q
the stock in amount, each share en-
titling the holder thereof to one vote
0url, commissioners IN have all ne
cessary powers for tine purpose Of sal
liquidation.
/ Article 10.
The following named persons, a
residents of Louisiana, are the Stoch
holders, each for the number of share
Onn0aitn their names viz.