St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-05-14
CHARTER
OF THE
BalkOfCOVillgtOl
limited States OF America, State OF
Louisiana, Parish Of St. Tam
many Town Of Covington.

By this public instrument kno" yo'
that ON this 22nd day # March, 1850,
before me, III. r. Warren. CLERK OF tnc
district court and ex-oficio notary
nublic. duly commissioned and quallneu
Recording to law, in and for ST. TAM
many parish. La, and in the presence
of the hereinafter named ana unuc.
signed witnesses, personally cam. 49, ~.
appeared the herein named ana un...
signed persons, who declared tnaI ny
do now organize themselves tOgc.nc,
for the purpose of doing genei :.
Banking business, under the Avs =.
tie State of Louisiana, and they declare
the following as their Ch ar.er VI
Charter of the BANK OF COV1NuAOs.
Article 1.
The name of this corporation sh'n pc
BANK OF CONVICTION. Parish OF st.
Tammany, State Of Louisiana.
Article 2.
This corporation Is organized Tor the
purpose of doing q general Banking
business, and shall have the power 70
do all things granted to such corPo,a-
ton, under the Banking laws OF TINS
State.
Article 3.
The capital stock of this corporation
is fixed at Fifteen Thousand Dollars,
divided into one hundred and nifty
(l5O) shares. of one hundred (lOO) dol
lars each, PAYABLE one half on the com
mencement of business, and balance
within twelve months thereafter, as
called for by the Board of Directors
Said capital stock may be Increased &C
any amount not exceeding one hundred
thousand dollars, with additional ass0'
station, according to provisions OF law
Article 4
This corporation shall begin business
on the End day Of June, 1898, and re-
main q body polite for ninety-nins
years.
Article 5.
The Affairs of this corporation shall
be managed by Board of Directors,
majority of whom shall be residents o
st, Tammany Parish, styled the Boar
of Directors, who shall be elected o.
the Stockholders, at meeting held 10
that purpose, each share emitting IN
holder thereof to one vote, aud tn
eleven persons receis ing the creates
number Of votes shall be declared dui
elected Directors.
Article 6.
The President of this corporation
and in his absence the Cashier, shall D
the proper person upon whom AL clta
lions, legal process or notice shall D
served.
Article
This corporation shall have a sea
upon which shall be engraved the FOL
lowing words, tsBank Of Covingtol
Corporate Seal, Covington, La"
Article 8.
The first Board of Directors. togethe
with the President, shall be III. ]. Smitl
O, ". Richard, j. s. Jones, ii. 81. Smitl
10. NJ. Nilsson, NJ. C. Day, E.
Frederick, C. S. E. Babingt0n, Z. Fret
erick, G. II. Bickham and C.
Williams.
Article 8.
This corporation may be liquidate
} at the end of its term, or sooner. by
vote of two-thirds majority OF the stocl
| ut 4 meeting held for that purpos
after thirty days written notice male
,, to the address of the stockholders, an
also thirty days notice by pnbiicatic
in newspaper published at Covingtol
La. Such liquidation shall be made
la commissioner or commissions
; chosen at said meeting by majority
the stock in amount, each share e
fitting the holder thereof to one vot
Such commissioners to have all n
ceesary powers for the purpose OF 50
liquidation.
!. Article 10,
The following named persons,
residents of Louisiana, are the St0c
holders, each for the number OF shar
l>..oasA,, Al,..; nrnna wiz.