The Meridional. (Abbeville, La.) 1856-1906, 1899-12-23

real and personal security, and to ex-
ercise all incidental powers necessary
to carry on the business for which it
is organized. To have and enjoy
succession in its corporate name; to
contract, to sue and be sued, plead and
be implicated, appear, answer and pros
ecute IN any and all courts of justice
and elsewhere, to hold, receive, pur-
chase and convey, by and under it's
corporate name, such property, real
and personal, as may be Indispensable
to the objects of the corporation, LIST,
Such as may be necessary for the prop
er transaction of it's business; End, Such
as shall have been mortgaged to it in
good faith as security for loans ; 3rd
Such as shall be conveyed to it in sat
isfaction, for debts previously contract
ed, bona fde in the course of its bust
ness; 4th, Such as it may purchase at
sale under judgment or mortgages held
by it, or in which it may have an in
teresU, by being subrogaled to the
rights, according to Article 2157 Of the
Civil Code to make and use a corpor-
ate seal having as a device a circular
disc on themargin Of which is inscribed
THE BANK OF TERMILION,
Incorporated January l, 1900" and in
the center an American Eagle; to name
and appoint such managers and direc-
tors to administer the affairs of the
corporation as may be necessary and
proper. and TO fix the compensation Of
all persons in its employment, provided
all the directors and managers shall be
citizens of this State. To make and
ordain such bylaws for the proper
management of the affairs of the COR
poration as may be necessary and
proper and in conformity with the pro-
visions of law and these Articles of in
corporation and such bylaws to repeal,
alter and annul at pleasure.
ARTICLE III.
It shall be a going corporation with
a capital stock of Twenty-Five Thous-
and 1926. 000.00) Dollars. and shall be
authorized to begin business as soon as
Fifteen Thousand Dollars shall have
been subscribed. Said capital stock
shall be divided into Two Hundred and
Fifty shares of One Hundred Dollars
each the appearers being the share
holders and their places of residence
and the number Of shares and amounts
held by each of them respectively be-
ing set forth opposite the signature O
each of them All stock subscribed
shall be paid up in full in lawful mon
ey of the United States within twelve
months after the corporation shall
have commenced business and upor
call of the Board of Directors.
ARTICLE ".
The said corporation shall commence
operation from the date, January l
1900 and shall exist for the period o
ninety-nine years unless sooner dis
solved.
ARTICLE v.
All the corporate powers OF this cor
poration shall be exercised by a boart
ltof directors composed of seven stock.
holders Of the corporation, each hold.
ING in his own name. or in the namt
of a firm of which he may be a member
at least five shares of the stock of sale
, corporation. They shall be collected an.
nually at a general meeting of thu
stockholders convened for the purpose
? at the banking house of said corpora
ton, on the first Monday of January o
! each year commencing in 1901. Pre-.
!, vious notice of at least ten days shall
! be given of each election by publication
! in a newspaper published in the tow
, of AbbeviIle, La, and also by writer
notice addressed to each stakeholder
} Said election shall be conducted b,
three stockholders not members of thu
: board to be appointed by the board fo
that purpose, and at each election TIT
persons receiving the highest humble!
of votes cast shall be declared elected
In case OF no election on the day fiXet
the president shall cause an election t.
be held thereafter as soon as possible
on giving the above required notice
A failure TO elect a board of director
shall not forfeit the charter but the di
: rectors i'll office shall remain until thei
successors shall have been elected ant
shall have taken their places. All cleo
tons shall be by ballot and each stock
l holder shall be entitled in person or b,
written proxy to cast n vote for eacl
share of stock held by him, or her. TIL
board Of directors shall at their frs
| meeting after their election elect from
l among their number a president, and
vice -presidens. Said board shall alst
select some suitable person to act al
cashier, and also such other help or as
> ~sistance as may be required for the saft
and proper conduct ofthe affairs of th'
!, corporation and they shall fix the com
5 pensation ofsuch persons or employees
and require bond and security as the,
may deem proper. They shall make
and adopt bylaws, rules and regula