The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-10-20
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, 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 availng 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-
| posit, aud 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
sociated with them to form q body cor
porate in law for the objects herein set
forth, and under the articles and stipu-
lations following, to-wit:
ARTICLE I.
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-nine years from September 1st,
1906.
ARTICLE II.
chal hoy
possess all powers granted banking as
trust banks, under the provisions Of the
laws of the State of Louisiana.
ARTICLE III.
The business of this corporation is to
be carried on in the Parish Of st. Mary,
State of Louisiana, and its domicile 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 ".
Citation and all legal process shall be
served on the President of said corpO-
sation. and in the event of his absence
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- |
and Dollars. divided into one thousand
shares of one hundred doll lrs each, and |
in addition thereto there shall be a sur
plus fund of Twenty-Five Thousand Dol
lars. Each of the original subscribers
shall at the time his stock is issued pay |
in an additional amount equal to twenty |
i've per cent. of his subscription for the |
purpose Of creating surplus fund of |
twenty five Thousand Dollars. for which |
additional subscription no certificate will |
ssue' Said stock shall be represented
~ certificates Of stock, sigEed by the |
President, or acting President, and the
Cashier, and sealed with the seal of this
Stock shall be transferred
IN the books of the corporation only,
IN the surrender, or upon proof of loss,
Dr. transfer of the outstanding certifi-
;ates, and no stockhOlder shall be enti-
led to vote on q share transferred to
lm within thirty days preceding an
election. The capital stock Of the as
ISOLATION may be increased or decreased
n accordance with the provisions of
section Z of Act 179 of the General AS
,embly Of 1902.
ARTICLE vi.
This corporation is authorized to COM
nence business on September LIST, 1906,
1t which time all of the capital stock
hal be subscribed and paid for in cash.
The name and address of the stock
holders. together with the amount of
stock subscribed by each, are written
below by them, or by their duly author
zed agent and shall be considered as
herein. No subscriber
hal sell his stock without first giving
written notice to the association of his
Intention to do 50; and during five days
after such notification. the association,
through its Board of Directors, shall
nave the right to buy said stock at snch
iona tide price as may be offered for same.
The association shall reissue said stock
before the expiration of thirty days
rom its purchase Stock transferred to
bird parties in disregard Of this article
hall be considered sold to the associa-
ion at its market price and the old GER
;iticate shall he cancelled, and new ones
ssued to the association.
ARTICLE VII.
This corporation shall be managed by
! Board Of Directors composed Of twelve
The following persons
ire hereby nominated for the first Board
If Directors, tO-wit:
DONELSON CAFFERY. WILLIAM
KRAMER. j. B. RODRIGUEZ,
T. PETERMAN. JOHN ID.
BELL. j. b. BROWN, j. SULLY
.iApTEI WILSON MCkERAII 7