The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1901-03-16
$500 PER ANNM
NO. -

| Secondly-Such as shall have been mortgaged
In good faith as security for loans;
| Thirdly-Such as shall be conveyed to it IN
satisfaction of debts previously contracted,
| bona t1de, IN the course Of its business; and
| such as it may purchase at sale under judy
ments or mortgages held by itself or in which
| it has an interest by being subrogated to rights
according to Article 2157 of the Revised Civil
| Code of Louisiana, but it shall not have power
| to hold any real estate acquired in any way.
| except such as may be held as agent or trustee
or acquired for the transaction Of its business,
for longer period Of five years
ARTICLE ".
| The capital stock of said corporation is here
! by fixed aud declared to be the sum of Fifteen
Thousand u5,000) Dollars, with power to it,
| crease the sum by twO-thirds vote of the
| capital stock to the sum OF Twenty-Five Thou
sand t25 ,00Ol Dollars, the said increase may Ee
made at any meeting of the stockholders
called for that purpose after thirty siAys PIE
ViOus notice shall have been mailed to the last
known address OF each stakeholder stating TIE
amount Of increase.
The said capital stock shall he divided into
One Hundred and Fifty Shares OF One Hundred
Dollars each, par value, which value shall he
paid in cash. The share Of stock of this
poratOn shall be evidenced by certificates of
| stock issued by its President or IN his absence
by its Vice-President and attested by it's CASH
ier and bear the seal of this corporation
Al transfercs OF stock must be upon the
books of said corporation, either by the stock
holder or his duly authorized agent.
Whom the total of capital stock shall have
been subscribed and paid in full said corpora
ARTICLE V.
The business affairs of the said corporation
Shall be under the superintendence aud malI-
agement of Board of Directors composed of
seven stockholders, who shall be citizens or
this State, and each of whom Shall be the
owner i'll his own name OF not less than Five
shares OF the capital stock OF the corporation
The said Board OF Directors shall be elected
by ballot on the second Monday of January of
each year. beginning with the second Mon
day of January, 1902, and shall hold office for
one year, Cr until their SUCCESSORS duly
elected and qualified. The said election shall
be held at the Office of said corporation, under
the supervision Of three commissioners to be
appointed by the Board OF Directors. Thirty
days prior notice of such election shall be given
by publication in one of the newspapers pub
lished in the Parish of St. Landry, State OF
Louisiana, and written notice mai ed to the
last known address Of each stockholder. A
majority of all the stock represented at the
meeting shall be necessary to elect. Every
stockholder shall be entitled to one vote, either
Ill person or by proxy, for every share of stock
owned by him as shown by the bouks of the
corporation.
ANY vacancy occurring in said Board OF Di-
rectors from any cause whatever shall be filled
by an election by the remaining Directors
majority of said Board of Directors shall con-
stitute quorum for the transaction of busi-
ness.
ARTICLE VI.
The said Board of Directors at its first meet
ing in each year shall elect from its own num-
Der President, q Vice President and Cash
and loan committee of three. The said Board
of Directors shall also appoint from time TO
time any assistant Cashier and such other Of
ticers, clerks or agents as may be deemed nee
essary for the business and purposes OF said
corporation.
The President the Cashier Assistant Cashier
and such other officers and clerks as shall be
deemed necessary shall be required to furnish
bond in sums to be fixed by the SAID Board of
Directors in some good and solvent Guarantee
Company to be approved by the said Board.
ARTICLE VII.
The said Board of Directors shall have full
power to make and establish, as well as change,
alter or amend, such bylaws, rules and regula-
tions for the management of the business and
affairs of the said corporation as may lie necea-
sary and proper, to make and use the corporate
SEAL and the same to break and alter at pleas
ARTICLE VIII.
No stockholder shall ever be held liable or
responsible for the contracts or 1aHlts OF said
corporatinn for any further sum than the un-
paid balance due on the shares of stock owned
by him; nor shall any mere informality in Or
ganization have the effect of rendering this
charter null or Of exposing stakeholder to any
further liability than the unpaid balance duo
on his stock.
ARTICLE TX.
This act of incorporation may be changed,
modified or altered, or said corporation may bo
dissolved with the consent of three f0urths of
the entire capital stock of the said corporation
at a general meeting of the stockholders COLI
vened for that purpose, after thirty days prior
notice of such meeting shall have been given hy
four successive publications in enc OF the
weekly newspapers published in st. Landry
Parish. and by mailing a written notice
to the last known address OF each stakeholder.
ARTICLE X.
Whenever this corporation is dissolved, eth
or by limitation or from any other canse, Its
affairs shall be liquidated under the superin-
tehdence OF three stockholders appointed for
that purpose by the Board of Directors. The
said Commissioners shall remain in office until
the affairs OF the said corporation shall hay6
been fully settled and nquidated And in case
of the death, resignation or inability TO act o.
one or more of said commissioners the Board Of
Directors shall appoint asuccessOr or success-
ors from among the stockholders of said cor
poration. 1-.-E--, ..a-E...
The following named persons shall constitute
the first Board of Directors: Louis Mayer. DR..
NJ. ID. Lewis, Gustave Fusilier. Alfred BacciO-
Chi W. e. Lawson, DR.. J. j. Stagg, and Jas. j.
Lewis; with the said Louis Mayer, President;
Gustave Fusilier, Vice-President, and Jas. j.
Lewis, Cashier; to serve as such until the Sec
successors shall have been duly elected and
qualified.
ARTICLE XII.
The Board of Directors of this corporation
shall have the power to declare dividends in
such amounts and at such times as they may
deem proper. .t
ARTICLE XIII.
The names of the shareholders their places
| of residence and thenumber of shares held by
each of them are as follows, to-wit
Dr. NJ D. Lewis, Eunice, La, For'y. Shares
| Jas. ]. Lewis. Twelve y
| L. Mayer, Eleven
! Moses Bruner New Orleans, - Ten
| Gustaye FuSilier. Eunice, Ten