The Colfax chronicle., 1903-07-11
UNITED STATES OF AMERICA,
STATE OF LOUISIANA.
Parish of Grant.

UNITED STATES OF AMERICA,l
STATE OF LOUISIANA.
Parish OF Grant.
Be it known, that on this. the 9th
day of June, A. ID. 1903, before me,
John A. Williams, q 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 APP
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 Of ac-
qulring 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 n body corporate In
| law for the objects above set forth,
with the efollowing gstipulatiOns, terms
and provisions. to-wit:
ARTICLE I.
The name and the title of this cor
p0ratiOn shall be the "BANK OF
MONTGOMERY" its domicil and
place of doing a banking business
shall be in the town Of Montgomery,
State of Louisiana and Parish OF
Grant, and its capital stock shall be
and IL hereby fixed at Fifteen Thou
sand Dollars, divided into one hun
tlred and fifty shares of One Hundred
Dollars each, the appearers herein be-
ing shareholders and the place OF res
lidence and the number Of shares and
the amounts held by each Of them re-
spectively being set forth opposite
1 the signature of each OF them, which
amount OF said shares are to be paid
for i'm cast, as called for by the board
of directors.
i ARTICLE II.
That said corporation shall CON-
lmence it's existence from this date for
the period of fifty years, and by its
lcorpOrate name may sue and be esued,
plead and he impleaded, appear, an
swer and prosecute in any and all
courts of Justice In this State and
elsewhere. The president Of this cor.
lpOration shah be 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.
7 This corporation is hereby organ
} lied for the purpose OF doing a gener
, al banking business under the law
of this State, and under such anthori
!, ty shall have the power to discoun
, bills, notes and other evidences O
' debt, to receive deposits, buy ant
J sell gold and silver bullion and coin
stocks. bonds. and bills OF exchange
6l to lend money on real and persona
0 security and to exercise all incidenta
9 powers necessary to carry on tn
business. This said cOrporations shal
also have power to hold, receive, pun
: chase and convey by and under thef
corporate name, such property, rea
and personal, as may he indispens
o able to carry out successfully the OF
z jects of the association.
ARTICLE Nv.
O Said corporation shall be manage
lby a board of nine directors, VIII
x shall be citizens OF this State and "a
n tual stock OF said corporation
= Said directors shall he elected by ba
~ lot on the second Tuesday of June {
each year, beginning with the secon
" Tuesday in June, 1903. and the sal
~ directors shall hold Office for one yea
10 or until their successors are dul
elected and qualified. The nine pc
sons receiving the highest number I
M votes cast at any annual eIecttO
whenever a majority of the stock al
represented shall be declared electe'
;e Said Board of Directors shall elet
- annually from among their number
" president and a vice president. The
shall also elect any persons one
act as cashier. and II necessary oi
,g to act as assistant cashier, and 9th
W employees and fix their salaries. FIJI
IS of said directors shall constitute
y. quorum for the transaction OF III
re and all business OF said corporatio
H. All vacancies in the hoard Of difectO
ut shall be filed by the directors aft
n. ten DAYS written notice to the dire
tors. Previous notice of not less ths
ten days shall be given Of each ann
al election by publication in a new
tdi paper published in the town of Nor
gomery. Grant parish, La, II the
be one, II not then In a newspap
published nearest thereto In said pa
Iish, and In case no election for al
cause is held on the day fixed In sa
20 notices, the president Of the board
directors shall call an election to
held thereafter as soon as pOssib
after three several weekly notices pu
~ lished In a newspaper In the town
70 Montgomery. II there be one. II not
newspaper published nearest the
pi- to in said parish. A failure to eIec
at board of directors shall not forf
the charter of this corporation, b
the board OF directors then IN on
shall remain I'm Office until their 81
cessors are elected.
as ARTICLE v.
,ne The said board OF directors sh
zee make, ordain and adOptsuch by-la
Is and rules for the proper managemt
My OF the affairs of the said cOrporatl
ra- as may be necessary and proper,
Dal conformity with the laws Of (
at State and of this charter with {
in thority such bylaws to alter anne
pod or repeal at pleasure, and they sf
IRE adopt for the use OF the corporat
dis a seal with such device as they 81
by select.
ist- ARTICLE vi.