The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1898-08-20
CHARTER
of the
BANK orr LAFR~ETTE
No. 25471.
UNITED STATES OF AMERICA.
State of Louisiana, :
Parish of Lafayette.

UNITED STATES OF AMERICA.
State of Louisiana,
Parish of Lafayette.
of June, A. -. 1898. and of the indepen-
dence of the United States of America, the
one hundred and twenty second, before me,
Ed. 6. VOORHEES,, clerk of court and ex-of-
ficio notary public in and for the parish of
Lafayette, State of louisiana, as such duly
commissioned and qualified, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and APP
hereunto subscribed, who declared that
availing themselves of the laws of the State
relative to the formation of corporations for
the purpose of banking, they do by these
selves and those whom they represent and
those who may hereafter become associated
with them to form and constitute corpora
ton and body polite in law for the pur-
poses of banking under the agreement and
stipulations following, to-wit:
ARTICLE I. The name and title of this
corporation shall be s'BANk OF LAFA-
YETTE." Its d,micile and place of bust
ness shall be in the town and Parish of La
fayette, State of Louisiana. Its capital
stock shall be twenty five thousand (s25,-
ooo.oo) divided into two hundred and fifty
shares of hundred dollars each.
Said bank shall be authorized to commence
business when two hundred shares shall
have been subscribed; said subscription shall
be PAYABLE on the call of the Board of Drec-
tors. This corporation shall be liqudated
at the end of its term or at its earlier disso.
luton provided three fourths of the Capital
Stock shall have agreed thereto at a meeting
called for that purpose by three commission
ers appointed by the Board OF Directors at
the regular meeting of said Board. Said
commissioners shall be and are hereby vested
with full power and authority to sell and
assign any and all assets of the Bank and do
and perform all things convenient and ncces-
sary for theeomple.e liquidation of the
affairs of the Bank.
ARTICLE II. Said corporation shall COM
mence its existence from the date of these
presents and shall continue for period of
ninety nine years, and by its corporate name
may sue and be sued, plead and be inn
pleaded, appear, answer and prosecute in
any and all Courts of Justice here and else
where. Citation and all other legal pr ocess
shall be served upon the president and In
his absence the vice president.
ARTICLE III. This Corporation is organ
lied for the purpose of doing a gener al
banking business, and under the laws of this
State shall have power to discount bills,
notes and other evidence of debt; to receive
deposits,' buy and sell gold and silver coin.
bills of exchange, etc, etc; to lend money
on real or personal security and to exercise
all incidental powers necessary to carry on
the business; shall have power to hold, re-
ceive purchase and convey, bay, and under
their corporate name, such property real and
personal as may he needful for the purposes
of the Bank.
ARTICLE ~. The affairs of the Bank
shall be managed by Board of nine Dircc
tors, who shall be citizens of this State and
actual stockholders of said corporation to
be elected on the second Tuesday of July of
each year, and said Board of Directors shall
hold Office for one year or until their success
sors elected qualified. All elections
shall be conducted under the supervision of
three stockholders to- be appointed for that
purpose by the Board of Directors, and in
81, 81 rs
failing declining to a:t the president shall
appoint another to fill his place. The nine
persons receiving the highest number of
votes shall be declared elected. In case Of
number exceeding nine, receiving the high
est number of votes then the tie shall be-
determined by casting lot. The said Board
of Directors shall elect from their number
may be fixed by the Board of Directors.
They shall also appoint from their number Il
discount committee of five and an executive
committee of three. They rnay also select
any suitable person one to act as cashier ana
one assistant cashier and book keeper or
any and all employers as the business OF the
Bank may require with such salaries and
under bond in sums to be fixed by the Board
of Directors Vacancies occurring on the
Board shall he filled by the Board.
ARTICLE V. Said Board of Directors
shall rake and ordain such bylaws for the
management Of the affairs of said Corpora
ton as may De necessary ana proper Ill GU
formity with law. And the same to alter,
amend Or repeal at pleasure. They shall
adopt for the of the Corporation seal
with such device as they may deem fit and
appropriate.
ARTICLE VI. The Board of Directors is
authorized to have erected suitable build
ing for carrying on the business of the Bank,
not to exceed five thousand dollars, lot. furni-
ture and fixtures included.
ARTICLE VII. The names of the share
holders, their places of residence and number
Of shares held by each of them respectively
are follow, to wit:
SHARES:
7. w. Castles, New Orleans, La, $3.50. so
7. J. Davidson, Lafayette, La, IS
VIM. Clegg. IS La, 10
Grow Grard, IS g ..... IS
f. Demanade. - - 10
f. II. Gregory, g 5
Mrs. l.. r.. Kennedy, Sc 8 10
p. Il. Roy, w Youngsville, La, ...-.- 10
Moses Levy, Jr., St. Louis, Mo-, IS
A. c. McGowen, Jeanerette, La,,...-.