The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-11-03
CHARTER
The 1t. Mary Bank and Trust Go.
STATE OF LOUISIANA.


PARISH OF st. MARY !
Be it known That on this 3lst day Of
August. 1906, before me. Percy Saint, a
Notary Public, within and for the Par
ish of St. Mary, State of Louisiana. duly
commissioned and qualified as such an,'
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the persons whose
names are subscribed hereto. who de
clared that availing themselves of the
general laws of the Stale of Louisiana
applicable to banks and banking and of
those enacted by the General Assembly
Of this State, for the organization Of
banking dissertations, Savings. Safe De-
post, and Trust Banks, they, the said
subscribers, to acquire and enjoy the
privileges and powers granted by the
State of Louisiana to corporations for
conducting the banking and trust bust
ness, have agreed and do by these pres
ents, covenant and agree, and bind and
Obligate themselves, as well as all other
persons who may hereafter become as
socated with them to form body cor
porate in law for the objects herein set
forth, and under the articles and stipn-
lations following, to-wit:
ARTICLE /.
The name and title of this banking
association shall be 1.-THE ST. MARY
BANK AND TRUST COMPANY. ami
under its corporate name il shall have
and enjoy succession for the period 81
ninety mine years from September lst. |
1906.
ARTICLE II.
This organization shall have and
possess all powers granted banking as
sociations, savings, safe deposit, and
trust banks, under the provisions Of the
laws Of the State Of Louisiana.
ARTICLE III.
The business of this corporation is IT,
be carried on in the Parish of St. Mary,
State of Louisiana, and its dnmicie is
hereby established in the Town Of Frank
lin, in the State and Parish aforesaid
Such branch banks may be established
in the Parish of St. Mary, from time to
time as may be determined and permit
ted by law.
ARTICLE w.
Citation and all legal process shall be
served on the President of said cOrpo- ,
ration, and in the event of his absence
upOn one of the Vice-Presdents, AID in
The absence IF the President and Vice.
service may he made upon ;
the Cashier of this corporation. !,
ARTICLE V.
The capital stock Of this corporation
8 hereby fixed ut One Hundred Thons-
md Dollars, divided into one thousand !
Ihares of one hundred dollars each, and !,
n addition thereto there shall he IA sur =
,lus fund of Twenty five Thousand Dol :.
ars. Each of the original. subscribers :.
ball ut the time his stock is issued pay E,
o an additional amount equal TO twenty
i've per cent. of his subscription for the
urpose Of creating II Surplus fund of !,
Thousand Dollars. for which y,
dditiOnal subscription no certificate will =,
sue. Said stock shall be represented -,
v certificates of stock, sieEed by the r.
or acting President. and the
asher, and sealed with the Sc of this =
,rpOratiOn. Stock shall be transferred =
, the books of the corporation only, ~,
, the surrender, or upon proof Of loss, o."
transfer of the outstanding certif- t.
ties, and no stakeholder shall he enti- n
ID to vote on share transferred to ="
IN within thirty days preceding an
sctiOn. The capital stock Of the as
citation may be increased or decreased CO..
accordance with the provisions Of an
ctiOu of Act 10 of the General As. sri
mbly OF 1902.
ARTICLE VI. ic,
This corporation is authorized to cont It.
nee business on September LIST, 1906, IRE
which time all of the capital stock Ca
III be subscribed aud paid for in cash. Inv
The name and address of the stock uni
dsgs, together with the amount Of wit