The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-09-15
CHARTER
The st. Mary Bank and Trust Go.
STATE OF LOUISIANA,

| ARISH Of Cl NAKl J
Be it known That on this 31St 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. and
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 State of Louisiana.
applicable to banks and banking and of
those enacted by the General Assembly
of this State, for the organization of
| banking associations, 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
Obliyate themselves, rs well as all other
persons who may hereafter become as
| ISOLATED with them to form Il body cor
pnrate in law for the objects herein set
forth, and under the articles and stipu-
lations following, to-wit:
ARTICLE l.
The name and title of this banking
association shall be ''THE ST. MARY
BANK AND TRUST COMPANY'. and
under its corporate name it shall have
and enjoy succession for the period of
ninety mine years from September LIST,
1906
ARTICLE II.
This organization shall have and
possess all powers granted banking AS
sociati"ns, savings. safe deposit, and
trust banks, under the provisions Of the
law, of the State Of Louisiana
ARTICLE III.
The business of this corporation is to
be carried on in the Parish Of st. Mary.
Stale of Louisiana, and its dOmicie 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 he 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 Presidents. a, Il in i
the absence of the President and Vice.
President, service may be made upon
the Cashier OF this corporation.
ARTICLE V.
The capital stock Of this corporation
is hereby fixed at One Hundred Thous-
aud Dollars, divided into one thousand
shares Of one hundred doll ,rs each, and
in addition thereto there shall be a sur.
plus fnnd Of Twenty five Thousand Dol
ars. Each OF The original subscribers
shall at the time his stock is issued nav
II an additional amount equal to twenty
i've per cent. Of his subscription for the
purpose OF creating a surplus fund of
Twenty-Five Thousand Dollars, for which
additional subscription no certificate will
ssue. Said stock shall be represented,
" certificates of stock, signed bv the
resident, Or acting President, and the
cashier, and sealed with the seal of this
operation. Stock shall be transferred
n the books Of the corporation only.
u the surrender, or upon proof of loss.
= transfer OF the outstanding certih-
aies, and no stakeholder shall be enti- +
ed IL vote IN share transferred n &
i'm within thirty days preceding an $
lection. The capital stock Of the as Z
'cialion may be increased or decreased 4
! accordance with the provisions of I
rction Of Act i79 of the General AS.
.mbly Of 1902.
ARTICLE VI.
This corporation is authorized to com a
ence business on September LIST, 1906, 8,
which time all of the capital stock
al BE- subscribed and paid for in cash. Fl
The name and address Of the stock =
'ldrrs, together with the amount of d
rex subscribe by each, are written c
low by them, or by their duly author ls
"a agent. and shall BE- considered as II,
roip,rat-d herein. No subscriber W
ali sell his stock without first giving n
litten notice to the association of his al