The Opelousas courier., 1906-01-06

ART. vi. Sec. l. The corporate powers Of
this corporation shall be exercised by a Board
OF Directors composed of Nine () stockholders
A majority of the Board OF Directors shall con-
Sec. 2. The first Board of Directors shall
consist of: Frank Dimmick, Homer Barouse,
Il. v. Barry, A. J. Gaschen, Edgar Davenport,
A: e. Olivier, q. Horaist, H. F. Richard, Frank
Clay who shall hold office until the second
Tuesday in January, 1906, and until their sue
cessors in office shall have been elected and
taken their places.
Sec. 8. On the second Tuesday in January
1906, and on the second Tuesday in January
annually thereafter, an election for nine ()
shall be held at the banking house
OF said corporation, of which election two
weeks notice shall be given by publication in
any newspaper published i'll the Parish OF st.
Landry, by two weekly insertions in said
Journal or by written notice, and the nine e,
votes cast at such election shall be declared
duly elected, and shall remain in office until
the second Tuesday Of January of the succeed
ing year and until their successors shall have
been elected and taken their places. Each
share of stock shall be entitled to one vote for
() directors and a majority Of the votes
cast snail be necessary to elect. All elections
for directors and all other voting by stock
holders shall be conducted by two (2) commits
siOners appointed for each election Tor other
voting) by The Boald of Directors, which COM
mlssioners shall certify the result to said
Board. II for any reason, no election be held
on the day fixed, it shall be the duty of the
President to cause an election to he held as
soon as possible thereafter, after two weeks
notice, by publication weekly for two weeks in
any newspaper published i'll the Parish of st.
Landry.
Sec. 4. In case of any vacancy occurring in
the Board OF Directors the Board shall have
the " to Till the vacancy for the unexpired
term.
Sec. 8. The Board of Directors hereinabove
named and the Boards annually elected there
after, shall each, at It's first Injecting, elect
a IA nnlhh - aSInA a kNn,F Nra,
President, and IA Second Vice-President, who
snail continue in office during the term OF 20
Board by which elected. The Board hs,,a and
r to appoint a Cashier, or Secfe...aty a m
treasurer, and such other oftIssImsi ali Off
ployees as it may see fit and "a az IT, n,sas.
GERS and employees SO aRp,Tn,snsaIions and pre-
ure, ana 10 NIX their ffne Board snail have
anthor;tu - Lire bonds OF all or any Off
Gers and employees in such amounts as 1t may
see ma The President shall preside at all
lettings OF the Board and be the chief execu-
i've officer OF the Bank. In his absence the
First Vice President, and i'll his absence the
second Vice-fresideDt, shall have the powers
Of the President.
Sec. 7. The Board shall have power to make
and adopt rules and regulations Tor the proper
OF the Bank and the transaction
vi all it's business, and 10 alter and amend the
same at pleasure SO long as not contrary to the
Laws OF the State nor to this charter.
Sec. 8. The Board shall have the authority
to fix the times and places OF its meetings and
the notice to be given thereof.
Sec. 9. The Board shall have the power to
delegate to the agents and employees of the
Bank or to designated committee, 8 uf the Board
such powers as they think proper and expe-
dent.
Sec. 10. At all meetings of stockholders for
the election OF directors OF other purposes,
each stakeholder shall be entitled in person or
by written proxy to one ~ vote on eacn share
Of stock held by him, provided that no stock
holder shall be entitled to vote on the stock
unless he has held the same of record for thirty
500 days continuously prior to the time OF
voting.
are hereby vested III the said Board
Of Directors except those specially reserved by
and by this charter to the stockholders.
Sec. -. The Cashier, or Secretary and Urea
surer, appointed by the Board shall be the
of the seal OF the corporation which
seal shall be Il device consisting OF two con-
circles, separated by "a small annular
space, in which space shall be the words Bank
OF sunset, La.," and within the smaller circle
shall be the words Corporate Seal"
ART. VII. The stock Of this corporation
shall be transferable only on the books OF the
and snail not be transferred until
indebtedness due to the corporation by the
person in whose name the stock is issued has
been paid and satisfied, the said stock being
corporation by the person in whose name the
same was issued.
ART. VIII. This association shall have and
enjoy succession by It's corporate name and
~ navy WV S"A " II
date of this act.
ART. TX. When this corporation shall be
either by limitation or from any
other cause, its affairs shall be liquidated by
three 49, stockholders to be appointed at u
general meeting to be convened, after thirty
I3O) days notice, by publication by four weekly
in any newspaper published in the
Parish of st. Landry and a majority of stock
voted at such election shall be requisite to
elect. Said commissioners shall remain in
office until the affairs of said corporation shall
~-a fo N r11t n nfa6 7 N aonn n aonth
Or resignation or failure to act Of one or more
commissioners elected, the vacancy Or vacan-
shall be filled by the remaining Commits
siOners or Commissioner. The stockholders
shall have power to fix the compensation of
the commissioners and the extent Of their
powers.
ART. x. This act of incorporation may be
changed or altered, or said %ass0cia-
ton may be dissolved, with the assent of two
thirds of the amount of capital stock repre- |
sented at a general meeting OF the stock hold
convened for such purpose and after thirty
,3O) days notice thereof shall have been given |
BY four az weekly insertions in any newspaper
in the Parish of st. Landry and by |
notice to each stakeholder mailed, |
postage prepaid, to his last known post-offioe |
The capital stock of this corporation
nay be increased OF diminished I'D accordance
With the laws Of the State Of Louisiana.
ART. XII. No stakeholder shall ever he hold |
liable or responsible for the faults of this cor
,oration in any further sum than the unnaid
balance due Oh the shares of stock owned by
Inn. nor shall any mere lnIufulalltV In organ
cation have the effect Of rendering this char
or null or of exposing any st%ockholder to any
upon the stock held by him
Thus done and signed at my office at the
Village of Sunset in the Parish of st. Landry,
'tate OF Louisiana, in the presence of J.. g.
5olden aud T.. c.. Jorden, competent witnesses,
10Th residing in said Parish, who, on the day
md year first aforesaid, hereunto sign their
with me, Notary, and with the said ap-
,earers who have written opposite their names
he number OF shares respectively subscribed
them and declare that this act of incorpo-
alton shall also constitute the original list-of
ubscribers to the stock of SAID corporation.
V. Barry Frank Diminick
e. Lucas per A. j. Gaschen
. B. Sibille Louis p. Rice
n. Corona per A. J. Gaschen
!. W. WalliOr F. L. Guilbeau
}. Schwartz per A. j. Gaschen
leo. A. Hero r. Lee Mills
Ell. Sibille per A. j. Gaschen
HOralst Homer BarOusse ~
u. Ben Guilbeau per Al. Gaschen
lrs. M. Delomme a. j, Gaschen
j. Boudreau q Co. A. c. Olivier
sdgaf Davenport per A. ]. Gaschen
lay Bros H. F. Richard
per A. j. Gasehen
SSGG WILFRED j. BOUDREAU,
49, Notary Public.
Witnesses:
j. q. BoLDEN
Il. C. JORDAN.
State OF louisiana,
Parish OF st. Landry. {
l have examined the within and foregoing |