St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-05-07
CHARTER
OF THE
BalkOtCOVill gtOD
United States of America, State OF
Louisiana, Parish of st. Tam
many, Town of Covington.

BY this public instrument know We,
that on this 22nd day Of March, 1898,
before me, II. II. Warren. Clerk OF the
district court and ex-officio a notary
public, duly commissioned and qualified
according to law, in and for st. Tam
many Parish, La, and in the presence
of the hereinafter named and under
signed witnesses, personally came and
appeared the herein named and under
signed persons, who declared that they
do now organize themselves together
for the purpose of doing q 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 shall be
BANK OF CONVICTION, Parish of st.
Tammany, State of Louisiana.
Article 2.
This corporation IS organized for the
purpose of doing q general Banking
business, and shall have the power to
do all 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 goo 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 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, 1895, and re-
main body polite for ninety-nine
years.
Article ).
The affairs of this corporation shall
be managed by Board of Directors, q
majority of whom shall be residents of
st. Tammany Parish, styled the Board
Of Directors, who shall be elected by
the Stockholders, at meeting held for
that purpose, each share emitting the
holder thereof to one vote, aud the
eleven persons receiving the greatest
number of votes shall be declared duly
elected Directors.
Article 6.
The President of this corporation,
and in his absence the Cashier, shall be
| the proper person upon whom all cita-
tons, legal process or notice shall be
served.
Article
This corporation shall have seal,
upon which shall be engraved the 1ol-
lowing words, "Bank of Covington,
Corporate Seal, Covington, La"
Article 8.
| The first Board of Directors. together
with the President, shall be II. j. Smith,
o. v. Richard, j. S. Jones, III. Ii. Smith,
10. NJ. Nilsson, NJ. C. Day, E. ],
Frederick, c. S. Z. Babington, E. Fred.
| erick, G.. Ii. Bickham and c. z.
Williams.
Article 8.
This corporation may be liquidated
at the end of its term, or sooner, by q
vote of two-thirds majority Of the stock.
at a meeting held for that purpose.
after thirty days written notice mailed
to the address of the stockholders, and
also thirty days notice by publication
in a newspaper published at Covington.
La. Such liquidation shall be made by
a commissioner or commissioners
chosen at said meeting by q majority Of
the stock in amount, each share en-.
fitting the holder thereof to one vote,
Such commissioners to have all ne
cessary powers for the purpose of said
liquidation.
Article 10.
The following named persons, all
residents of Louisiana, are the Stock.
holders, each for the number of shares
/ thar v,opnoc viz.