The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1901-03-30

in good faith as security for loans:
Thrlly-Such as shall be conveyed to 1t in
satisfaction of debts previously contracted,
bona fide, IN the course of its business; and
such as it may purchase at sale under iudS
ments 3, or mortgages held by itself or in which
according to Article 2l57 of the Revised Civii
Code OF Louisiana, but it shall not have power
to hold any real estate acquired in any way
except such may be held az agent or trlister,
or acquired for the transaction OF its business,
| fora longer period Of tive years
ARTICLE ".
The capital stock of said corporation il here
| by fixed and declared to he the sum of Fifteen
| Thousand tl50G0l Dollars, with power to in
crease the sum by a tWO-thirds vote OF the
capital stock to the sum of Twenty Five Thou
sand (25,000) Dollars, the said increase may be
made at any meeting of the Stockholders
called for that purpose after thirty days pro
voUs notice shall have been mailed to the last
| known address OF each stOckhOlder Stain. tho
amount of increase.
| The said capital stock shall he divided into
| One Hundredand Fifty Shares OF One Hundred
Dollars each, par value, which vaue Shall be
| paid i'll cash. The share OF stock OF this
| poration shall be evidenced by certificates OF
stock issued by its President. or IN his absence
| by its Vice-Presdent and attested by its Cash
.er and bear the seal Of this corporation
All transfercs of stock must be upon the
books OF said corporation, either by the stock
! holder or his duly authorized agent.
When the total OF capital stock ehall have
| been subscribed and paid III full said corpora
tion shall be authorized TO commence business.
ARTICLE V.
The business affairs of the said corporation
shall be under the superintendent and man
agcment of a Board of Directors cOmposedB u
seven stockholders, who shall be citizens
this State, and each Of whom shall he the
owner Ill 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 MUii-
day of January, 1902, and shall hold office for
one year, or until their successors arc duly
elected and qualified The said election shalt
be held ut 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 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 tn" stock represented at the
meeting shall be HeCeSsary to elect. Every
stockhOlder shall hs entitled to one vote, either
Ill person or by proXy =, for every share of stock
owned by him as Shown by the books of the
corporation.
Amy vacancy occurring in said Board of Di-
rGctOfS from any cause whatever shall be filled
by an election hy the remaining Directors. A
majority Of said Board of Directors shall con
stitute a quorum for the transaction Of busi-
ness.
ARTICLE VI.
The said Board of Directors at its first meet
ing ill each year shall elect from it's own mum
ber President, Il Vce-President and CASH
Ter, and appoint from its number d 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
hcerS, clerks or agents as may bG deemed nec-
essary for the business and purposes of said
corporation.
The President, the Cashier Assistant Cashier
and such other officers and clerks shall bo
deemed necessary shall he required to furnish
bond in sums to be fixed by the said Board of
Directors in seme good and solvent Guarantee
Company to be approved by the said Board.
ARTICLE VII.
Nh,
power to make and establish, as well as change,
alter or amend, such bylaws. rules and regula-
tons for the management of the business amt
affairs of the said corporation as may he ncces-
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 or
responsible for the contracts or faults 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 III Or
ganization have the effect of rendering this
charter null or of exposing a stockholder to any
further liability than the unpaid balance due
on his stock.
ARTICLE TX.
This act of Incorporation may be changed,
modified or altered. or said corporation may be
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 i:y
four successive publications in one 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, 9th
or by limitation from any other cause its
affairs shall be lqudated under the supern-
tendence of three stockholders appointed for
that purpose by the Board of Directors. The
said commissioners shall remain i'll Office until
the affairs Of the said corporation shall have
been fully settled and liquidated. Aud in case
one or more OF said commissioners the Board Of
Directors shall appoint successor or success
Urs from among the stockholders Of said cor
poraton
ARTICLE XI.
The following named persons shall constitute
the first Board of Directors: Louis Mayer DIR.
NJ. d. Lewis, Gustave Fusiier. Alfred Baccio-
Lewis; with the said Louis Mayer, President;
Gustave Fusiier, Vice-President, and Jas. ].
Lewis, Cashier; to serve as such until the Sec
ond Monday of January. 1902, until their
successors shall have been duly elected and
qualified.
ARTICLE XII.
The Board of Directors Of this corporac on
shall have the power to declare dividends in
such amounts and at such times as they may
deem proper.
ARTICLE XIII.
The names of the shareholders, their places
of residence and the number of shares held by
each OF them are as follows, to-wit
DR.. M. d. Lewis, Eunice, La, Forty Shares
Jas. J. Lewis, :" " Twelve "
L. Mayer, " ~ Eleven "
Dr. j J. Stagg, Pearcevile. =" Ten F."
Moses Bruner, New Orleans, " Ten >"
Gustave Fusiier. Eunice, Ten -
kor, H,.J..o