St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-04-30
United States of America. State of
Louisiana, Parish Of st. Tam
many. Town Of Ccvington.

BY this public instrument know We,
that on this 22nd day IF March, 1898,
before me, III. II. Warren, Clerk of the
district court and ex-ofiiciO 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 camt 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 COVINGTON.
Article I.
The name Of this corporation shs I'll be
BANK OF CONVICTION. Parish of St.
Tammany, State of Louisiana.
Article 2.
This corporation Is organized for the
purpose of doing a 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 IOOO dol
lars each, PAYABLE one half on the CON-
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, 1898, and re-
main body polite for ninety-nine
years.
Article ).
The affairs of this corporation shall
be managed by Board of Directors, q
st. Tammany Parish, styled the Board
of Directors, who shall be elected by
the Stockholders, ut meeting held for
that purpose, each share emitting the
holder thereof to one vot1, and the
eleven persons receiving the greatest
number of votes shall be declared duly
elected Directors.
Article q.
The President of this corporation,
and in his absence the Cashier, shall be
the proper person upon whom all clta-
tions, legal process or notice shall De
served.
-
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. together
with the President, shall be II. ]. Smith,
o. v. Richard, j. S. Jones, H. ID. Smith,
o. NJ. Nilsson, NJ. c. Day, 4. j..
Frederick, C. s. L. Darlington, Z. Fred
erick, G.. III. Bickham and G. 4.
Williams.
Article ..
This corporation may be hquidated
at the end of its term, or sooner. by q
vote of two-thirds majority Of the stock,
at meeting held for that purpose,
after thirty lays written notice mailed
to the address of the stockholders, and
also thirty days notice by publication
in newspaper published At COvington,
La. Such liquidation shall be made by
commissioner or commissioners
chosen at said meeting by majority OF
the stock in amount, each share en-
titling the holder thereof to one vote.
Such commissioners to have all ne
cessary powers for the purpose OF said
liquidation.
Artitlc 10.
The following named persons, all
residents of Louisiana, are the Stock
IoldurS xaach f<ax the nnmhnf of shares