The Colfax chronicle., 1903-08-01
CHARTER
u the
''6ank OF Montsomery-"


Heank OF Montsomery."
UNITED STATES OF kMtRlCA,i
STxTE OF LOUIsIANx 81
Parish of Grant.
Be It known, that on this. the 9th
day 0f June, A. d. 1903, before me.
John A. Williams, q duly commis-
stoned and qualified NOt6fy 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 hereunt6 subscribed. and
whose residence IL stated and written
opposite their names, who declared
that availing themselves Of the Laws
of Louisiana applicable to banks and
banking, and being desirOus Of ac-
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 Obllgate Themselves as
well as all such other persons as may
hereafter bec6fne associated with
them to form q body corporate In
law for the objects above set forth,
with the following gstipulatiOns, terms
and provisions. tO-wit:
ARTICLE /.
The name and the title Of this cor
poration shall be the BANK OF
MONTGOMERY" its dOmicil and
place of doing q banking business
shall be in the town OF Montgomery.
State of Louisiana and Parish OF
Grant, and its capital stock shall lie
and ia 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-
spectively being eet 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 Its
corporate name may eue and besued,
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 lie the ofIicer 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 IL hereby organ
| lied for the purpose Of doing 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 ol
debt, to receive deposit9 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 exerciee all incidental
powers necessary to carry ON the
business. This said corporation shall
also have power tn hold, receive, pur.
chase and convey by and under their
corporate name, such property, real
and personal, as may be indispens.
able to carry out successfully the oh
jects of the association.
ARTICLE Nv.
Said corporation shall be managed
by n board OF nine directors, who
shall be citizens OF this State and &C
tual lstockholders Of said corporation
Said directors shall be elected by bal
lot on the second Tuesday Of June o.
each year, beginning with the second
Tuesday In June, 1908, and the said
directors shall hold office for one year
or until their successors are duly
elected and qualified. The nine per
sons receiving the highest number o
votes cast at any annual election
whenever a majority Of the stock ar,
represented shall be declared elected
Said Board Of Directors shall elect
annually from among their number Z
president and q vice president. The,
shall also elect any persons one x
act as cashier, and II necessary ON
to act as assistant cashier, and othe
tempIoyees and fix their salaries. Fiv'
IOf said directors shall constitute I
Quorum for the transaction OF an,
and all business Of said corporation
All vacancies In the board OF director
shall be filed by the directors afte
ten days written notice, to the direC
tors. Previous notice of not less tina,
ten days shall be given of each ahuu
al election by publication In d news
paper published In the town 6f Mont
gomery, Grant parish, La, II tlef
be one, II not then In q newspape
published nearest thereto In said pal
I ish, and in case no election for an,
cause is held on the day fixed In sal
notices, the president Of the board c
] directors shall call an election to b
, held thereafter "a soon a. possible
after three several weekly notices puf
lished In q newspaper In the town {
! Montgomery. n there be one. II not !
q newspaper published nearest their
> to In said parish. A failure to eject
7 board Of directors shall not fOrfel
the charter Of this corporation. bu
the board Of directors then In Ofiie
! shall remain In 0fi8ce until their. Ba'
, cessors are elected.
FL ARTfCLE.v..
!, The sa;d board Of directors sha
| make Ortlain and adOut such bylaw