The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-09-20
CHARTER.
State of Louisiana,

State of Louisiana,
Parish of Caldwell.
Be it known and remembered, That
On this, the 18th day of September, A.
D., 1912, before me, R. r. Reddit, q
duly qualified and acting Notary Pub
lie, in and for the Parish of Caldwell,
State of Louisiana, and in presence OF
the undersigned witnesses of legal age
and domicile, personally came and ap.
peared the several undersigned per
sons, whose names are hereunto sub.
scribed, who severally declare and say,
That, availing themselves of the laws
of the. State Of Louisiana, in such cases
provided, they have contracted and
agreed, and by these presents do cove
naIt and agree, bind and associate
ourselves, as we'll as such other per-
sons as may hereafter become associat-
ed with them, to form and constitute
corporation and banking association
for the objects and purposes and un-
der articles and stipulations following,
tO-Wit:
ARTICLE l.
The name of the said corporation
shall be "Grayson Bank" of Grayson,
Louisiana, and under its corporate
name shall have power and authority
to have and enjoy succession for the
full term of fifty years from and after
the date hereof; to contract, sue and
be sued; plead and be impleaded; ap-
pear, answer and prosecute in all courts
of justice and elsewhere, and to make
and nse corporate seal, said seal to be
circular in form, and having the imprint
of turning pillow in the center, sur
rounded by the following words:
"Grayson Bank, Grayson, Louisiana, :"
and to contain the words, "Incorporat-
ed 1912"
ARTICLE II.
The domicile of said corporation
shall be at Grayson, Louisiana, in the
Parish of Caldwell, and all citations
and other legal process shall be served
upon the President of said corporation
at it's domicile, or in the event of his
absence, upon the Vice President, or
in the absence of both, upon the Cashier
Of said corporation.
ARTICLE III.
The objects and purposes of said
corporation shall be to carry on gen.
eral banking business in all of its
branches and departments as provided
for and authorized by law, and to do
and perform all things necessary for
carrying on said business.
ARTICLE w.
The said corporation shall have pow
er to hold, receive, purchase and con-
vey, by and in their corporate name,
such property, real and personal, as
may be necessary and proper to the
objects and purposes of the said asso-
citation and as provided by law.
ARTICLE
This corporation shall have power to
receive deposits, to discount, buy and
sell promissory notes, bills Of exchange
and other evidences of indebtedness,
gold and silver bonds of the United
States Of America and Of this State,
and any and all other bonds of munich
pal and other corporations of this State,
on which bonds there shall have been
no default in the payment of interest
for five years preceding the acquisition
of the said bonds by this bank; to loan
money on real or personal security, or
any other security provided by law, and
to exercise all incidental powers neces-
sary to carry on general banking
business.
ARTICLE vi.
This corporation shall have power to
name. and appoint such officers, mana
gers and directors to administer its af-
fairs as may be necessary and proper:
and to fix the compensation of all per-
sons in it's employment; not less than
three-tourths Of said officers, managers
and employees to be citizens of the
State OF Louisiana, and all to be citi-
zens CT the United Statos Of America.
ARTICLEVII.
This corporation shall have power to
make and ordain such bylaws for the
management CT the affairs of the cor
p0ration as may be necessary and prop
er and in conformity with the law and
these articles of incorporation; to repeal.
alter and amend such bylaws at pleas
ure, and to do all such acts and things
as may be necessary and proper in Or
der to carry out the purposes for which
this corporation is organized.
This act of incorporation NAV be
modified, altered or changed, or this
corporation may be dissolved with the
assent of three-fourths of the stock
holders of said corporation. had at
general meeting Of the stockholders
convened for that purpose after thirty
days notice of said meeting shall have
been published in the Parish of Caldwell
and in the City of New Orleans, respect
fully,
ARTICLEVIII.
The capital stock of this bank shall
be AMI is hereby fixed at Fifteen Thou
sand Dollard ISIS, 900. OO), divided into
one hundred and fifty (l5O) shares of
One Hundred Dollars ($lOO. OO) each.
The said bank is authorized to increase
1t capital stock to twenty-five Thou
sand Dollars ($25, 100000 on a two
thirds vote of the stockholders, after
thirty days notice by mail and publica-
ton in q newspaper published in the
Parish Of Caldwell, Louisiana. All SUBJ
scriptsons to stock shall be payable in
such smounts as the Board Of Directors
may resolve and as provided by law.
The bank may commence operation as
soon as Seven Thousand, Five Hundred