The southern sentinel. (Winnfield, La.) 1883-1910, 1907-08-02
AMENDMENTS TO the CHARTER OF
BANK OF WINFIELD
United States of America
State Of Louisiana
Parish of Winn

| Parish of winn
Be Il known, that on this the 5th day of July.
One Thousand Nine Hundred and Seven.
before me, John Henry Mathews, a Notary
Public, duly commissioned and qualified in
and for the Parish Of Winn, State Of Louis lana,
and in the presence OF the witnesses herein
after named and undersigned person ally came
and appeared Henry T. Pye, President OF and
b. L. Anderson, Assistant Cashier of the Bank
Of WINFIELD, a banking corporation duly
incorporated under the laws of the State of
Louisiana and domiciled in WINFIELD, VIM
Parish, Louisiana, created by an act passed
before @. NJ. Bevill, Deputy Clerk of the Fifth
Judicial District Court and Ex-officio Notary
Public in and for the Parish Of VIM, on the
9Th day of February. 1901, said act being duly
recorded in the Mortgage Office of this Parish
in Book "C'', Folio As, who declared that pur-
suant to unanimous resolution of the stock
holders of the said bank adopted at a special
meeting held at the Office OF said bank ON the
4th day of July, 1907, for the purpose of in
creasing the capital stock OF said bank and
amending Article of the charter of said bank
so as TO conform to the same, and for the pur-
pose Of increasing the number Of directors Of
said bank and amending article Nv of the
same, at which meeting more than two-thirds
of the capital stock OF said bank was present
and represented, and due and legal notice of
said meeting having been given.s duly certified
copy Of said resolution being hereto annexed
as a part hereof. they the said appeareis in
their said capacity were authorized and in
structed to carry the resolution into effect and
place the said amendments on record as
required by law.
Now, said appearers acting as aforesaid.
under instructions and authority OF the stock
holders of the said company. do hereby declare
that Article of said Act of Incorporation of
the Bank Of WINFIELD has been duly altered
and amended and the same is changed 50 that
hereafter said article shall read as follows,
to-wit:
ARTICLE I.
''The name and title Of this corporation shall
be Bank of WINFIELD. Its domicile and
place Of doing business shall be in the Town of
Winfield, Parish OF VIM, State OF Louisiana.
Its capital stock shall be One Hundred and
Fifty Thousand Dollars, divided into and rep
resented By Three Thousand Shares at Fifty
Dollars EACH The said bank shall have the
right to commence doing business under this
charter when One thousand and Five Hundred
Shares of ITS capital stock shall have been
subscribed and paid for. The stock Of this cor
poration not subscribed for when this charter
goes into effect, may be issued by the vote Of
thirds Of the entire Board of Directors, on
terms md conditions to be fixed by said board,
provided that the stockholders OF this cor
poration at the date Of issue of said stock
shall have the first privilege OF subscribing 10
saic stock, each in proportion TO the number of
shares owned by him or her."
ARTICLE Nv.
And said appearers, acting as aforesaid
under instructions and authority Of the stock
holders Of the said Bank Of WINFIELD. do
hereby declare that said Article Nv Of said Act
Of incorporation Of the Bank Of WINFIELD has
been duly altered and amended and the same
is changed so that said article shall read as
follows, to-wit:
"saie Bank shall be managed by board of
eleven directors, who shall be citizens of this
State and actual stockholders Of this bank. to
be elected by ballot on the FIRST Monday in
June, 1874, and annually thereafter. The said
Board Of Directors shall hold office for the
period Of one year until their successors are
duly elected and qualified, but failure to
elect shall not dissolve this corporation, but
the incumbent directors In case OF failure to
elect shall hold over until the next annual
election, or until their successors are duly
elected and qualified.
"All elections shall be conducted under the
supervision Of three stockholders to be APP
pointed by the President for that purpose. In
case one or more Of the commissioners thus
appointed should fail TO act the President
shall appoint other stockholders TO ill the
vacancy. The eleven stockholders receiving
the highest number Of votes shall be declared
elected.
"The said Board OF Directors shall elect
from their number q President, vice-Pres-
ident, End ice-President and Cashier or Sec
Rotary and Treasurer, and such other officers
as may be necessary to conduct the business.
s.The said Board Of Directors shall have
power to fn vacancies appearing ON the
board"
hereby subscribe for the number Of shares
Of the increased capital stock Of the Bank Of
WINFIELD ut seventy-nve dollars per share.
twenty-five dollars Of each share to be placed
to the credit Of the said stock in the surplus
fund: