The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-06-16
Charter of the Plain Dealing Bank.

Charter of the Plain Dealing Bank.
State Of Louisiana, BE IT KNOWN, That or
Parish of Booster. this, the Sd day of May, in
the year 1904, before me, Rufus H. Allen, Notary
Public in and for the Parish of Bossier, State Of
Louisiana, duly commissioned and qualified, in the
presence of the witnesses hereinafter undersigned
personally came and appeared the persons whose
names are hereinafter subscribed, who declare that
avaiing themselves of the provisions Of laws of this
State, relative to the formation OF corporations fol-
the purpose of banking, they do by these presents
whom they represent, and those who may hereafter
become associated with them, to form and consti-
tute corporation and body polite in law for the
purposes and under the agreements and stipula-
tons following
ARTICLE l.
The name and title of this corporation shall be the
PLAIN DEALING BANK. It's dOmicile shall be IN the
town of Plain Dealing, Parish of Bossier, State of
Louisiana. It's capital stock shall be S25, OOO di-
vided into 500 shares of $50 each.
The said bank shall commence business when 200
shares shall have been subscribed and paid for.
The stock of this corporation not subscribed at the
date of its organization may be issued by two thirds
vote of the entire board of directors on terms and
conditions to be fixed by said board. The appearers
being stockholders and their places Of residence
and the number Of shares owned by each of them
respectively being opposite their names, which said
TENDER /, 1904.
Said corporation shall commence its existence
from the date of these presents and shall continue
for period of fifty years, unless sooner dissolved
by liquidation, and under it's corporate name sue
and be sued, plead and be impeaded appear and
prosecute in any and all courts of justice here and
elsewhere. The President of this corporation shall
be the officer on whom all citations shall be served,
and in his absence on the Vice. President or the
Cashier.
ARTICLE III.
This corporation is organized for the purpose of
doing general banking business under the laws of
all things necessary to carry on general banking
business not against the laws of this State.
ARTICLE Nv.
This corporation shall be managed by board of
not less than five more than fourteen directors
who shall be citizens of this State and actual stock
holders of this corporation, to be elected by ballot
on the first Monday in June of each year.
The first Board of Directors is hereby declared to
be H. H. Montgomery, P. G. Pye, W. B. Boggs,
S. H. Cochran, DIR. T. N. Keoun, N. w. Sentell,
w. j. Johnston and J. P. Keeth with H. H. Mont
gomery, President; P. G. Pye, First Vice-Presi-
dent; Hon. w. B. Boggs, Second Vice President,
and P. G. Pye, Cashier.
Said board of directors shall hold office until the
first Monday in June, 1906 or until their successors
are duly elected and qualified. A failure to elect
shall not dissolve this corporation, but the incum-
bent officers shall hold over in case of failure to
elect, until their successors are duly elected and
qualified. All elections shall be conducted by ballot
and under the supervision of three stockholders to
be appointed by the board of directors. The per-
sons receiving the highest number of votes shall be
declared elected. The said board of directors shall
elect from their number a President first and
second Vice. President and Cashier. The board
Of directors shall have power to fill all vacancies
occurring on the board
ARTICLE v.
Said board of directors may make and ordain
such bylaws for the proper management of the
affairs of this corporation as may be necessary and
proper, and in conformity with the laws, and alter
and repeal such bylaws at pleasure. They shall
adopt for the use of this corporation SEAL which
shall be the words s'Plan Dealing Bank Plain
Dealing, La, enclosing the words corporate SEAL -
ARTICLE vi.
The stock of this corporation shall be transferable
only on the books of the association and will not
be transferred until all the Indebtedness to the
poraton by the person owning the stock has been
paid or satisfied All stock in this company shall
be liable to it for any Indebtedness of the persons
owning said stock or in whose name it stands on
the book.
ARTICLE VII.
The names of the stockholders, their places of
residence and the number of shares held by each
Of them respectively.
NAMES. SHARES. AMT
W. B. Boggs, Plain Dealing --.2 20 $1,000
w. j. Johnston, Plain Dealing -..-2O 1000
II. q. Montgomery, Plain Dealing .2O 1000
s. H. Cochran, Plain Dealing --..--. 10 500
Saferstone Bros, Plain Dealing - 5 $50
" 2. Jones, Plain Dealing -.-..--..--..~---- 800