St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-04-23
CHARTER
OF THE
balkOtCOViilgtOD
United States of America, State OF
Louisiana, Parish of st. Tam
many, Town Of CoviDgtoD.

By this public instrument know ye,
that on this 22nd day cf March, 1898,
before me, I'll. X. 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 l.
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 3.
The capital stock of this corporation
is fixed at Fifteen Thousand Dollars,
divided into one hundred and fifty
(l5O) shares. of one hundred (lOO) dol.
lars each, payable one half on the COM
mencement of business, and balance
within twelve months thereafter, a.
called for by the Board Of Directors.
Said capita stock may be increased t.
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-nint
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 Board
of Directors, who shall be elected b.
the Stockholders, at a meeting held fOl
that purpose, each share emitting the
holder thereof to one vot7, aud The
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 bt
the proper person upon whom all clta
lions, legal process or notice shall d.
served.
Article Z
This corporation shall have a seal
upon which shall be engraved the 1ol
lowing words, s'Bank of Covinston
Corporate Seal, CoviDgton, La"
Article 8.
The first Board of Directors. togethe
with the President, shall be II. j. Smith
70. v. Richard, j. S. Jones, IL. II. Smith
10. NJ. Nilsson, NJ. c. Day, E. j
Frederick, c. S. f. Darlington, E. Fred
erick, C. H. Bickham and c. z
Williams.
| Article Q.
This corporation may be liquidatet
at the end of its term, or sooner, by
vote of two-thirds majority of the stock
at q meeting held for that purpose
| after thirty days written notice mailed
| TO the address of the stockholders, ant
| also thirty days notice by publication
| in newspaper published at Covington
La. Such liquidation shall be made b.
/, commissioner or commissioners
| chosen at said meeting by a majority 0
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 salt
| liquidation.
Artitle 10.
The following named persons, al
residents Of Louisiana, are the Stock
holders, each for the number OF share