The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1901-03-09
NO. 26

| Sccondly-Such as shall have been mOrtgaged
| in good faith as security for lOans
Thlrdly-Such as shall be conveyed to it ia
| satisfaction of debts previously contracted,
bona tlde, IN the course Of It's business; and
such as it may purchase mt sale under iudS-
| ments or mortgages held by itself or im which
it has an interest by being aubr0gatc;l to rights
according to Article 2l57 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 fOrthe transaction OF its business,
for longer period of five years.
ARTICLE ".
The capital stock of said corporation is here
by fixed and declared to he the SUM OF Fifteen
Thousand (l5,0O0) Dollars, with power to l-
| crease the sum by it two.thir'!s vote of tie
capital stock to the sum of Twenty-Five Thou
sand t250O0) Dollars, the said increase may he
| made at any meeting of the stockholders
called for that purpose after thirty days pre-
vi0us notice shall have been mailed To the last
known address OF each stakeholder stating the
amount of increase.
The said capital stock shall he divided into
One Hundredand Fifty Shares of One Hundred
Dollars each, par value, which value shall be
paid i'll cash. The share of stock of this
pOratiOn shall he evidenced by certificates of
stock issued by its President, or Ill his absence
by its VicePresident aud attcsted hy its Cash
!er and bear the seal of this corporation.
All transfcrc9 of stock must be upon tho
books OF said corporation. either by the stock
holder or his duly authorized agent.
When the total of capital stock HAIL have
been subscribed and paid i'll full said corpora
tinn shalt be authorized to commence business.
ARTICLE V.
The business affairs of the said corporation
sliall be under Ike supc1iutcndcnce and man-
agcmemt Of IL Boald of Directors composed of
seven stockholders. who shall be citizens or
this State, ana each Of whom shall lie the
owner i'll his own name of not less than Five
shares OF the capital stock of the corp"rstlon
The said Board ot Directors shall be elected
by ballot on the second Monday OF Jan,ary OF
each year. beginning with the second Mon
day of January, 1902, and shall hold uilice for
one year, CT until their successors are duly
elected and qualified. The said election shall
he 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 i'll One Uf the newspapers pub
lished i'll the Parish OF st. Landry, State o.
Louisiana, and written notice mai cd to the
last Known address oT each stockholder. A
majority OF all the stock represented at the
meeting shall he necessary to elect. Every
stakeholder shall BE entitled to one vote, either
Ill person or by proxy. for every share of stock
owned by him dis s'1H~n by the books OF the
corporation.
Any vacancy oc r,lng in said Board of III
rectors from any Sc whatever shall he filled
by an election by IT, remaining Directors A
majority of said B, ard of Directors shall con
stitute quorum f'Jr tho transaction of husi-
ness.
ARTICLE VI.
The said Board of Directors at its first meet
ing in each year shall elect from its own num-
ber President, IA Vlce-President and Cash
ier, and appoint from lis number discount
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 NEG
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 i'll sums to be fixed by the sild 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 mako and establish, well rs change,
alter or amend, such bylaws rules and rfsnla-
tiOns for the management of the business and
affairs of the said corporation as may be neces-
sary and proper, to make and use the corporate
seal, and the same to break and alter at pleas
ure
ARTICLE VIII.
No stockholder shall ever be held liable
responsible for the contracts or faults of said
corporatinn for any further sum than the I'LL
paid balance due on the shares of stock owned
by him; nor shall any mere infOrmality i'll or
ganizatiOn have the effect Of rendering thls
charter null or of exposing q stakeholder TO amy
further liability than the unpaid balance due
on his stock
ARTICLE TX.
This act of incorporation may he changed,
modified or altered. or said corporation may be
dissolved with the consent of three fourth< Of
the entire capital stock OF the said corporation
at a general meeting of the stockholders
vened for that purpose after thirty days prior
notice or such meeting shall have been given hy
four successive publications in one of the
weekly newspapers published in St. Landry
Parish, and by mailing Il written notice
to tho last known address of each stakeholder.
ARTICLE y.
Whenever this corporation is dissolved. eith-
er by limitation or from any other cause, ITS
affairs shall be Hquldated under the tupcrin-
tendence of three stockholders appointed Tor
that purpose by the Board of Directors. 1he
said commissioners shall remain in office until
the affairs of the said corporation shall have
been fully settled and liauidated. And in ease
OF the death, resignation or inability 10 act u:
one or more of said commissioners the Board "f
Directors shall appoint successor success
orS from among the stockholders of said
pOratiOn.
ARTICLE XI.
The following named persons shall constitute
the first Board of Directors: Louis Mayer, DIR.
M. ID. Lewis, Gustave Fusier. Alfred Baccio-
chi, w. E. Lawson, DR.. j. j. Stagg. and Jas. j.
Lewis; with the said Louis Mayer, President;
Gustave FusieF, Vce-President, and Jas. j.
Lewis, Cashier; to serve as such until the sec
ond Monday of January, 1902, or until their
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.
ARTICLE XIII. -.
The names of tlie shareholders their places
of residence and the number of shares held by
each OF them follows, tO-wit