The Opelousas courier., 1901-03-23
NO. 28


| in good faith as security for loans;
! Thirdy-Such as shall be conveyed to il in
| satisfaction OF debts previously contracted,
| bona hde, IN tie course of its business; and
| such as it may purchase at sale under judy
ruents or mortgages held by itself or in which
it has an interest by being sl3, ,r0gated to rights
| according to Article 2157 1t the Revised Civil
| Code OF Louisiana, but it shall not have power
to hold any real estate acquired i'll any way,
except such as may be held as agent or trEStee,
or acquired for the transaction OF its business,
| for longer period of i've years.
ARTICLE ".
The capital stock OF said corporation is here
| by fixed and declared to be the sum OF Fifteen
| Thousand (15.OO0) Dollars with power TO in
crease the sum by two-thirds vote of the
| capital stock to the SUN OF Twenty-Five Thou
sand (25,0O0 Dollars, the said increase may be
made at any meeting OF the stockAoldeIS
called for that purpose after thirty days pre-
| vlOus notice shall have been mailed to tue last
known address of each stockholder statirg the
| amount of increase.
| The said capital stock shall be divided into
One Hundredand Fifty Shares OF Oae Hundred
! Dollars each, par value which value shall be
| paid in cash. The share Of stock OF this cor
| pOration shall be evidenced BY certificates OF
stock issued by Its Presidenr. or IN his absence
| by its Vice-Presldent aud attested by its Cash
! ,er and bear the seal of this corporation.
| All transfers. of stock must lie upon the
| books of said corporation, either by the stock
holder or his duly authorized agent
When the total of capital stock shall have
| been subscribed and paid in full said corpora
tion shall be authorized to commence business.
| ARTICLE V.
The business affairs of the said corporation
| shall be under the superintendence and man
aSement of Board of Directors cOmpusedD
seven stockholders who shall be citizens On
| this state, and each of whom shalt he the
| owner in 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 q:
| each year, beginning with the second Mon
day of January. 1902, and shall hold office for
| one year, until their successors are 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
| ished in the Parish of st. Landry, State Oh
Louisiana, and written notice mai ed to the
| last known address of each stocEh0der, A
majority of all the stock represented at the
| meeting shall he necessary to elect livery
stockholder shall be entitled to one vote, either
IN person or by proxy, for every snare Of stock
| owned by him as shown by the books of the
| corporation.
Any vacancy occurring in said Board or Di
| by an election by the remaining Directors. A
| majority of said Board of Directors shah cen
sttute quorum for the transaction OF bnsi-
~ ARTICLE VI.
| The said Board of Directors at its nrst meet
ing in each year shall elect from its own mum
Der President, VlcePresident and u Cash
ier, and appoint from lis number a discount
and loan committee of three. The said Board
of Directors shall also appoint from time To
| time any assistant Cashier and such other OIL
| hcers, clerks or agents as may be deemed nee
essary for the business ana purposes OF sald
corporation.
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 reSula-
tions for the management OF the business and
affairs of the said corporation as may he neees-
sary and proper, to make and use the corporate
seal, and the same to break and alter at pleas
ure.
No stockholder shall ever be held liable or
responsible for the contracts or 1aults OF said
corporatinn for any further sum than the I'M
paid balance due on the shares OF stock owned
by him; nor shall any mere informality in or
ganiZati0n have the effect of rendering this
charter null or of exposing stockholder 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 De
dissolved with the consent OF three fourths OF
| the entire capital stock of the said corporation
at general meeting of the stockholders con-
vened for that purpose, after thirty days prior
notice OF such meeting shall have been given ny
four successive publications in one or tie
| weekly newspapers published i'll st. Landry
| Parish, and by mailing a written notice
| to the last known address of each stockholder.
ARTICLE Z.
Whenever this corporation is dissolved, eth
, or by limitation or from any other cause. its
affairs shall be iquidated under the superin-
, tendence OF three stockholders appointed Tor
that purpose by the Board of Directors. The
said Commissioners shall remain in office until
the affairs of the said corporation shall have
: been fully settled and Iquidated. And in case
| of the death, resignation inability to act OF
one or more OF said commissioners the Board "f
Directors shall appoint a successor "r success
ors from among the stockholders of said cor
poration.
| The following named persons shall constitute
the first Board of Director: L"u!s Mayer. DR.
NJ D. Lewis, Gustave Fusiher. Alfred Baccio-
, chi, W. Z. Lawson, DR.. j. }. Sragg, and Jas. j
Lewis: with the said Louis Mayer. President
Guatave Fusilier, Vice-Presidenf, and Jas. j
Lewis, Cashier; to serve such until the sec
ond Monday of January. 1902, or until thei1
successors shall have been duly elected and
q qualified. e.
T ARTICLE XII.
The Board of Directors of this corporallor
= shall have the power to declare dividends il
e such amounts and at such times as they ma.
l. deem proper.
ARTICLE Kill
| The names of the shareholders, their place
of residence and the number OF shares held b.
: each of them are as follows, to-wit
DR.. NJ. D. Lewis, Eunice, La, Fof'y Share
| Jas. ]. Lewis, Twelve
L. Mayer, Eleven