The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-08-03
ACT OF INCORPORATION
OF THE
VERDA STATE BANK
srArE oF LOuIsIANA.l

PARISH or GRANT.
BE 1t known and remembered that ON this is.n
day of June A. ID. 1897 before me Elisha >; "uI,
selii a Notary Public duly commissioned ana
qualified within and for the parish Oh iran. an.
State of Louisiana. personally came az. ,bscrh
ed who declared that awaiting themselves OF the
nroyisions of the law OF the state OF Lonisiana
relative to the formation OF corporations lot .ue
burmese of banking they do by these presents
covenant. agree and bind themselves as VIZ, 49,. a5
such other persons as may become assoc,@ t;,n
and body polite In Law for the purposes ana unue'
| the agreements and stipulations as ioho"s' 10
wit:
| The name and title of this corporation snai' DC
vERDA STATE BANK It's domicile ana piase
Of doing business shall De ana y atae y; rousi
| ana and it's capital stock is hereby liked at
| Twenty-Five Thousand $4,000 Ool Dollars. ui,
4 FIFTY shares of one Hundred Dollars each The
4 said bank shall commence business wnen que
hundred shares of Its capital stock shaii nav
been subscribed and paid for
rhe stork of this said corporation not subscrib-
I'd for ut the date Of its organization may " W
sued at any time by vote OF two-tniras =, .
entire board OF directors. on terms ana cohu-
tious fixed by said board within the limits ., Wv
law. The stock herein subscribed for shah oe
paid for in cash on . or Sy iFy 's' ''0'
This corporation shall commence its eM s.s,,s
! from date Of these presents and shall continue
for period OF ninety nine years. an" 'asd and be
T i,,,les,sd appear and prosecute. In any and all
eurirts of Justice here aud elsewhere Inc pr''s-
:, dent OF this bank shall be the proper person
: unou whom service. citation and other ieeai
| processes shall be served. and III ms npse"ee VI"
! either the yice-president or cashier
| This eorporntion il organized for the purpose
of doing a general banking business under tn+
= laws Of the State OF Louisiana aud shall have
~ power to do nil things permitted by law 10 carry
% on "A general banking business
. ARTICLE w.
= Said corporation shall be managed by DON'T,
IL | If nine directors who shall be stock |"
y This corporation and elected by ballot OF TN
~ stockholders present GU the nrst Mono"s ;.
~ June. and ON the same day "' saea sa .'
hereinafter holding office until the above uat'
and until their SUCCESSORS shall nave beeh s'e
81 and aualined The board Of directors snaii ~
y, alcr.d for one year or until the next regular an
ri n,al meeting but In ease of failure TO eject
NJ said annual meeting tine directors then hoa ~
or shall continue In office until their successors ma
or hesn duly elected and qualified. aud failure q
IN elect shall not dissolve this corporation III c
'ss III failure to elect directors mt the regas a''ue
M meeting then they may be elected AT Sisss'a
Tor meting III kholders called thereafter Tor th'
IN purpose All elections shall he condueted u"ue
prs the supervision of thIse stockho'drrs 70 Ne y,
81 ,,ointed by the board of directors for that l,u
err ,,ose and In the event Of failure On the part
md any com missioner to act the president sha !"
point another to MI his place The niue DE ps
Ter sops receiving the highest numterof votes couh
rfy np one for each share shall lie decarn eit
Veti ID The said board III directors is hereby autno
'"'i lied and empowered 10 MAKE whhVfNti ~
me-. OF employment or otherwise that are neerSst
nay so- orrunzing and carrying on the business
said bank. The said board of directors SUI
ded ahe hosrJ rom among the stockholders of s'
~ corporation
eof said hoard Of directors shall have power
lare ATE sucb bylaws ~ necessary aud PROF
fnr tbe mana cement of said corporation anu
usi- alter and repeal the anne at their pleasure;
lars shall adopt for the use Of the said bank -
and Ia wing ns a device----separated by a sun
the annual space IN which shall be the words VERl
be STATE BANK. the smaller elrcnls ,
enclosing the words rori,orate seal
ARTICLE vi.
hall This act of incorporation may be chang
Tour modified. altered and amended at q meeting =
ice the stock holders convened for thatpurpose az
ary- thirty DAYS notice by publication ~ any ne
tute paper In the parish OF Grant. and Dy tnrty ui
and written notice to each OF the stockholders,
The ~ia-I snd moiifcation alteration or ams
nng ment be voted for by twothirds oil the STOCK
corr sued by said corporation.
men, ARTICLE VII.
elect The stock OF this corporation shall be ira
main | 5erred only upon the books Of the eorporati
ON and will not be- ira nrferred until all indebteuh
4 oil ~ the corporation by the person owning
ntess | stock ON the books has been paid or satssf
case An stock OF this corporation is held liable
, dsy Tor any indebtedness OF the person owning "a
one ON the books ARTICLE VIM
ifax, Nh stockholder shall be held liable for
any contracts or faults of said corporation IN
Day lsurther sum than the stock owned by said stt
? tne holder nor shall any mere informaity IN
e. az organization Of this corporation have the 81
hold of rendering this charter null and void. nor o.
'sen posinr any stockholder To any further iapl
ptner than the stock owned hv him.
, ana ARTICLE TX.
here rhs touowinr named persons and stockhol
ctors Of this corporaton hereby declared to be
l"unt nrst board of directors. and shall hold {
10 pe Office until the first Monday In June l"S or
Tor their successors have been elected, to-wit:
=, the WALLACE r. W. Wagner, II. NJ. Brock. &, H.
own Wis r. C. Aubrey, H. A. McManus, W Il.
w A. Fletcher aud J. NJ Lang.
ARTICLE X.
power This covporation shall he dissolved and !
II Dy dated AT the termination OF hischarter. or en-
mouE nv n three-fourths vote Of the capital stock
shRii meeting held for that purpose The directo
OF charge at the time Of said liquidation shall
date the affairs Of the bank as commissioner
y IN pojuted for that purpose.
cOn- ARTICLE XI.
u me There shall be a general stockholders me-
auth- ON the first Monday In June of each wear, al
rutes nil stock holders meetings. either general or
rpora- nj each stockhoiisr shall be entitled to one
essa,y Tor each share Of stock owned by him or n
pro- the books Of the corporation. and said vote
pr- be cast either In person or by written proxy
otate. Tins done and passed at Veren. Lonisiar
erect the parish Of Grant, this the 18th day OF
,ioyes, 1897 I'M Me presence Of Geo. A. Kelly aud
essary Kahn two legal witnesses. who sign these
raticn' erte with said appearers and me. said NJ
), Win Public after dine reading.
srmiue ATTEST:
for. GEO =; ELL