The Colfax chronicle., 1903-07-25
UNITED STATES OF AMERICA, I
STATE OF LOUISIANA.
Parish Of Grant

UNITED STATES OF AMERICA,
STATE OF LOUISIANA.
Parish Of Grant.
BE It known, that on this. the 9th
day of June. A. d. 1903. before tne,
John A. Williams. a duly commits
stoned and qualified Notary Public.
OF the Parish Of Grant, and state Of
Louisiana, and in the presence of the
witnesses hereinafter named and un-
dersigned, personally came and ap-
peared the several persons whose
names are hereunto subscribed and
whose residence is stated and written
opposite their names, who declared
that availing themselves Of the Laws
of Louisiana applicable to banks and
banking. and being desirous Uf &c
quiring and enjoying the. privileges
and powers granted by the State Of
Louisiana to corporations for the
conducting OF a bank or banking
concern. they have agreed and by
these presents do covenant and agree
and bind and Obligate themselves as
well as all such other persons as may
hereafter become associated with
them to form a body corporate In
law for the objects above set forth,
with the following stipulations, terms
and provisions. to-wit:
ARTICLE 1.
The name and the title of this cor
poratiOn shall he the BANK OF
MONTGOMERY" It's domicil and
place of doing a banking business
shall be I'm the town of Montgomery.
State of Louisiana and Parish of
Grant, and it's capital stock shall be
and is hereby fixed at Fifteen Thou
sand Dollars, divided into one hun
dred and fifty shares Of One Hundred
Dollars each, the appearers herein be-
ing shareholders and the place Of res
idence and the number OF shares and
the amounts held by each of them re-
spectiyely being set forth opposite
the signature of each OF them, which
amount of said shares are to be paid
for in cash as called for by the board
OF directors.
ARTICLE III.
That said corporation shall COM
mence its existence from this date for
the period of fifty years. and by it's
corporate name may sue and he esued,
plead and be impleaded, appear, an
swer and prosecute In any and all
courts of Justice in this State and
elsewhere. The president of this cor
poratiOn shall he the officer on whom
citation or other legal process may
be served, and In his absence upon
the vice president or any other officer
selected and designated by the board
Of directors for that purpose.
ARTICLE III.
This corporation is hereby organ
lied for the purpose Of doing a gener
al banking business under the laws
Of this State, and under such authori-
| ty shall have the power to discount
bills. notes and other evidences Of
debt, to receive deposits, buy and
sell gold and silver bullion and coin.
stocks, bonds. and bills of exchange,
to lend money on real and personal
security and to exercise all incidental
powers necessary to carry ON the
business. This said corporation shall
also have power to hold, receive, pur-
chase and convey by and under their
corporate name. such property, real
and personal, as may he indispens-
able to carry out successfully the OBJ
jects OF the association.
ARTICLE Nv.
Said corporation shall be MANAGED
| by q board of nine directors, who
shall be citizens of this State and nc
tual kholders of said corporation.
Said directors shall be elected by bal
lot on the second Tuesday OF June OF
each year. beginning with the second
directors shall hold Office for one year.
1x<2o As.1~
elected and qualified. The nine per-
SONS receiving the highest number Ol
votes cast at any annual election
whenever majority Of the stock are
represented shall be declared elected.
Said Board Of Directors shall elect
annually from among their number a
president and q vice president. They
shall also elect any persons one to
act as cashier, and II necessary one
to act as assistant cashier, and other
employees and fix their salaries. Five
Of said directors shall constitute a
quorum for the transaction Of any
and all business Of said corporation.
Allvacanciesi In the board Of directors
shall be filed by the directors after
ten days written notice to the direc'
tors. Previous notice OF notless than
ten days shall he given Of each annu.
al election by publication IN d news
paper published in the town Of Mont,
gomery, Grant parish, La, II there
be one. II not then In a newspaper
published nearest thereto I'm said par
ish, and In case no election for any
cause is held on the day fixed In said
notices, the president Of the board O
directors shall call an election to b<
held thereafter as soon as pO1slbIe
after three several weekly notices pub
lished In a newspaper in the town d
Montgomery, II there be one. II not ia
a newspaper published nearest there
to in said parish. A failure to elect
board of directors shall not forfeit
the charter Of this corporation. but
the board OF directors then in OfIic<
shall remain In Ofllce until their sue
cessors are elected.
ARTICLE v.
The said board of directors shat
make, ordain and adopt such BYLAW
and rules for the proper management
of the affairs Of the said corporation
as may be necessary and proper, II
conformity with the laws Of thii
State and of this charter with au
thority such bylaws to alter amend
or repeal at pleasure, and they shall
adopt for the use Of the corporation
q seal with such device a. they shal