The Colfax chronicle., 1903-07-04
CHARTER
Of the
"osnk OF Montgomery. !"
UNITED STATES OF AMERICA
STATE OF LOUIsIANA.
Par3ah of C4fant

| UNITED STATES OF AMERICA.
STATE OF LOUIsIANA.
Parish Of Grant.
| Be It known, that ON this. the gtl
day Of June, A. d. 1903, before me
John A. Williams, q duly commits
stoned and qualified Notary Public
OF the Parish Of Grant, and State O
Louisiana, and IN the presence Of til,
witnesses hereinafter named and un
dersfgned, personally came and ap
peared the several persons who's
names are hereunt0 subscribed and
whose residence IL stated and writer
opposite their names, who declared
that availing themselves Of the Laws
OF Louisiana applicable to banks and
banking. and being deslrOus Of &C
quiring and enjoying the privileges
and powers granted by the State o.
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 az
well as all such other persons as may
hereafter become associated with
them to form a body corporate IN
law for the objects above eet forth,
| with the following stipulation terms
and provisions. tO-wit:
ARTICLE /.
The name and the title Of this cor.
pOratiOn shall be the "BANK OF
MONTGOMERY" it's domicil and
place of doing a banking business
shall be In the town Of MONTGOMERY.
State Of Louisiana and Parish oi
Grant, and its capital stock shall be
and is hereby fixed at Fifteen Thou-
sand Dollars, divided into one hum
dred and f1fty 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-
specttveiy being set forth opposite
the signature Of each Of them, which
amount Of said shares are to be paid
Tor In cash as called for by the board
Of directors.
ARTICLE II.
That said corporation shall CON-
m1ence its existence from this date for
the period Of fifty years. and by Its
corporate name may sue 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
p0ratiOn shall 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.
This corporation is hereby organ
lied for the purpose Of doing q 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 be indispens-
able to carry out successfully the OBJ
teets Of the association.
ARTICLE Nv.
Said corporation shall be managed
by q board Of nine directors, who
shall be citizens Of this State and ac-
tualstockhOlders OF said corporation.
Said directors shall be elected by bal
lot on the second Tuesday Of June OF
each year, beginning with the second
Tuesday In June. 1903. and the said
shall hold Office for one year.
or until their successors are duly
elected and qualified. The nine per.
sons receiving the highest number Of
votes cast at any annual election
whenever q majority Of the stock are
represented shall be declared elected.
Said Board OF Directors shall elect
from among their number a
president and q vice president. They
shall alsO elect any persons one to
act as cashier. aud II necessary one
to act a. assistant cashier, and other
and fix their salaries. Five
OF said directors shall constitute q
quorum for the transaction OF any
and all business Of said corporation.
All vacanciesi In the board OF directors
shall be filed by the directors after
ten days written notice to the direc-
tors. Previous notice OF not less than
ten days shall be given Of each annu-
al election by publication In q news
paper published In the town Of Mont
yomery, Grant parish, La, II there
be one, II not then In q newspaper
published nearest thereto In said par
|sh, and In case no election for any
cause is held on the day fixed In said |
notices, the president Of the board Of !
directors shall call an election to be |
held thereafter az soon as possible,
after three several weekly notices pub |
ished In q newspaper in the town Of |
Montgomery. II there be one. II not in |
, newspaper published nearest there |
10 In said parish. A failure to elect q |
board Of directors shall not forfeit |
the charter Of this corporation, but |
the board Of directors then In OfIlce |
'llaIl remain In ONCE until their sue
,essOrs are elected.
ARTICLE v.
The said board Of directors shall |
make, ordafn and adopt such bylaws /
md rules for the proper mauagement |
II the affairs of the said corporation
- may he necessary and proper, In
conformity with the laws OF tlts
state and Of this charter with au-
;bOrity such bylaws to alter amend
,r repeal at pleasure, and they shall |
sdopt for the use Of the corporation
seal with such device as they shall
elect.