St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-10-17
Amendment to Charter.

4Acu0AAOh3 0IukBAot
Amendment to Charter,
United States OF America, State Of
Louisiana, Parish of St. Tammany.
BE IT KNOWN, That on this goth
day of September, A. D., 1908, before
me, Harrison r. Warren, Clerk of Court
and Ex-Oficio Notary Public, in and
for the State and Parish aforesaid, and
in the presence of the witne sses herein.
after named and undersigned, person
ally came and appeared:
I. G. Z. Williams. President, and
III. Jos. Delery, Cashier
Of the Bank of Covington, who declared
that general meeting of the Stock
holders of the Bank of Coyington, was
convened at its banking house, in the
town of Covington, on September is,
1908, after due notice of said meeting
had been given by publication in the
st. Tammany FARMER, newspaper
published in the Parish of st. Tammany,
for and during thirty days continuously
preceding said meeting; that due
written notice to each stakeholder OF
said corporation had also been sea-
sonably mailed to him at his post0ff1ce;
that both of said notices, set out the
said purposes and objects, as we'll as
the time and place of said meeting;
that the same had been called to de-
termine whether or not the Charter of
said corporation should be changed,
altered or amended, added to or en-
larged, by changing the name of said
corporation from the Bank of CoyiDg-
ton, to the Covington Bank and Trust
Company. and to increase the capital
stock thereof to one hundred thousand
dollars, (8l0U, O00,) and also to enable
said corportion to avail itself of the
benefits and advantages of Act No. IS,
of the General Assembly of the State
Louisiana, of the year 1902, by accept.
ing the provisions of said Act and
amending the charter CT said corpora
ton accordingly.
That on the above said date the meet
ing convened. and there was present or
represented, more than twO-thirds OF
the capital stock Of said corporation,
and by vote of more than two-thirds
of the capital stock, the charter OF the
Bank of Covington was altered and
amended, so as to be made to read az
follows:
ARTICLE I.
The name of this corporation shall! be
COVINGTON BANK AND TRUST
COMPANY, domiciled in the town of
Ccvington, St. Tammany Parish, Lou
isiana.
ARTICLE II.
This association shall have and pos
sess all the powers granted to banking
associations, savings, safe deposit and
trust banks under the provisions OF
Act No. 1876, approved March Is, 1855,
entitled Gan Act to establish general
system of free banking In the State of
Louisiana" as amended and re-enacted
by various subsequent statutes OF the
State of Louisiana, and particularly by
the provisions of Act No 100 of the
Acts OF 1888, approved July IL. 1885,;
Act No. 50, of the Acts of 1892, ap-
proved July, Z, 1892, and Act No. IS Of
the Acts ofl9O2, approved June 81, 1902.
ARTICLE Ill.
The amount of the Capital Stock of
this Company il hereby established at
One Hundred Thousand Dollars (8l00.
0OO) divided into one thousand (lO00)
shares of one hundred dollars EACH
ARTICLE v.
It's affairs shall be managed by
Board Of Directors of twenty-five per-
sons, seven of which shall constitute q
quorum to do business. the first Board
of Directors under this amended char
ter to be elected when these amend
ments 90 into effect, which will be on
Monday. November 2, 1908; that said
Board shall serve until the second
Tuesday in January, 1905, on which
date. and on the same date each year
thereafter, there shall be elected
Board of Directors annually. The cleo
lions shall be by ballot and conducted
by three commissioners appointed by
the Board of Directors. Notice OF such
election shall be given by publication.
not less than ten days prior to such
election in one of the Newspapers pub
lished In the town of Covington. Every
holder of stock shall be entitled to one
vote for each share of stock standing
in his name on the books Of the Asso-
citation, to be cast in person or by
proxy, and the majority Of the votes cast
shall elect.
ANY vacancy on the Board Of Direc-
tors, shall be filled by the remaining
Directors. A failure to elect Directors
on the date above specified shall not
dissolve the Corporation, but the Dr.
rectors then In Office shall remain In
office until their successors are elected
and QUILTED, and shall cause another
election to be held rs soon as possible
thereafter, after notice has been pub
lished as above provided. The first
Board OF Directors elected under this |
Amended Charter, and the Boards there
after elected, shall elect from their own |
number by ballot, President and as
MANY Vice Presidents as the Bylaws |
shall direct. Said Bosrd of Directors !
may appoint from time to time, such |
officers, agents or clerks and other en- |
ployees as they deem necessary for the
purpose and business of said corpora
ton, who shall hold Office at the pleas
ure of the Board Of Directors. The said
Board of Directors may make and es-
tablish, as we'll as alter and amend, any |
and all bylaws. rules and regulations,
necessary and proper for the conduct
and management Of the business and
AFFAIRS OF said Corporation. All the
powers Of this Corporation are hereby
vested in the Board Of Directors. ex-
cept those specially reserved by law and
by this Charter to the Stockholders.
The Cashier appointed by the Board Of
Directors shall be custodian OF the seal
on which shall be engraved "COVlNG-
TON BANK AND TRUST COMPANY, I
Corporate Seal, Covington. La"