The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-01-22
ARTICLE IT.

This corporation shall have and enjoy
corporate existence for q period of ninety
nine years from the date Of this act. The
purpose for which this corporation is or
ganized and established is hereby declared
to be that of doing a general banking bust
ness under the laws of this state. and under
such authority it shall have power to dis
count bills, notes and other evidences of
debt, to receive deposits, buy and sell gold
and silver coins and bills of exchange, to
lend money real estate and personal sa-
curity, and generally to exercise all incl
dental powers necessary to carry on the
banking business. 1t shall have power to
make and q corporate SEAL having
device a circle within which shall be the
words Commercial and Savings Bank, Dom
aldsonville. Louisiana.
ARTICLE III.
The capital stock Of this corporation is
hereby fixed at the of thirty thousand
dollars, divided into three hundred shares
| of one hundred dollars each. The said stock
| shall be issued for cash. and this corpora
| ton shall be going concern and authorized
| TO do business soon as all of itsncapital
| Stoke a4nai have been subscribed aM2@ paid
| for.
ARTICLE W.
| All the corporate powers of this CORPORA
| ton shall be vested in board of directors
/ composed of five stockholders, who shall be
elected by the stockholders annually on the
second Tuesday of January in each year. A
| ma iority of the board of directors shall con-
| stitute quorum for the transaction of bust
| ness. The board of directors shall have au-
| thority to fill all vacancies existing and oe-
curing in their own number in any other
| office. All directors shall serve until their
successors elected and have qualified.
| The board of directors shall have power to
adopt such bylaws as may be necessary for
/ the management of this corporation. The
| board of directors shall select from amongst
its members at its first meeting after its
| election president and a vice president,
| and shall appoint q cashier and such other
/ officers and employees it may SEQ fit and
| dismiss ali officers and employees any of
| them at pleasure. Until the first annual cleo
/ ton in January, 1917, the board of directors
| of this corporation is hereby declared to be
as follows: Albert Delery, w. L. Tearney.
Achille I. Picard. Leon Kessler and J. j
| Lafargue, with Albert Delery as president
and Achiile /. Picard as vice president.
ARTICLE v.
I The capital stock of this corporation may
I be increased or decreased. or this charter 81
any article thereof may be amended in the
manner and under the conditions now OF
j hereafter prescribed by law.
ARTICLE vi.
i Whenever this corporation may be dis
solved either by limitation or from any 9th.
Ter cause. its affairs shall be liquidated By
I three stockholders to be appointed at gen.
eral election called for that purpose.
Thus done and passed in the parish of As.
i cension, state of Louisiana. on the day
month and year first above written. in this
presence of the undersigned good and com.
lpetent witnesses, who together with appearers
and me. notary, have signed these presents
The subscribers to this act of incorpora.
ton have respectively written opposite theil
names their addresses ard the amount OIL
stock subscribed for by each of them so thai
this act Of incorporation may also serve al
the original subscription list of said cor
poration.
Albert Delery. DonaIdsonvilIe. La, on.
hundred t1001 shares.
i Achille |. Picard, Gonzales, La ten to-
shares,