The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-02-05
ARTICLE Il


This corporation shall have and enjoy
corporate existence for 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 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 Sc
curity, and generally to exercise all incl
dental powers necessary to carry on the
make and use a corporate seal, having as
a device circle within which shall be the
words Commercial and Savings Bank, Dom
jacksonville, Louisiana.
ARTICLE III.
The capital stock of this corporation is
hereby fixed at the sum 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 a going concern and authorized
to do business as soon all of it's capital
stock shall have been subscribed and 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 the
second Tuesday of January in each year. A
majority of the board of directors shall con-
stitute a quorum for the transaction of BUSH
ness. The board OF directors shall have au-
thority to fill all vacancies existing and oc-
curing in their own number or in any other
office. All directors shall serve until their
successors are elected and have qualified.
The board of directors shall have power to
adopt such bylaws 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 vice president,
and shall appoint a cashier and such other
officers and employees it may see fit and
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,
Acaille l. Picard, Leon Kessler and J. J..
Lafargue, with Albert Delery as president
and Achille |. Picard as vice president.
ARTICLE V.
The capital stock of this corporation NAV
be increased or decreased, or this charter or
any article thereof may be amended in the
manner and under the conditions now or
hereafter prescribed by law
ARTICLE vi.
Whenever this corporation may be dis
solved either by limitation or from any 9TH
err cause. its affairs shall be iquidated by
three stockholders to be appointed at gem
eral election called for that purpose
Thus done and passed in the Parish of As
cension, state Of Louisiana, on the day
month and year first above written. in the
presence 1.-THE undersigned good and COM
petent witnesses, who together with appearers
and me, notary. have signed these presents
The subscribers to this act of ineorpora-
ton have respectively written opposite their
names their addresses and the amount of
stock subscribed for by each of them SO that
this act of incorporation may also serve as
the original subscription list of said COR
poration.
Albert Delery. Donaldsonyille, L.. one
hundred t109) shares.
Achille I. Picard, Gonzales, La. ten f1o)
shares.