The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-08-02

All of said stock subscribed shall be paid
for in cash before the LIST day of September.
\. u. 1917. and the above and foregoing
shall constitute the original subscription
list for the stock in this corporation and
said bank.
ARTICLE III.
This corporation is organized for the
purpose of doing general banking business
under the laws Of this state. 1t shall have
power to do all things necessary to carry on
Il general banking business not against the
laws of this state.
ARTICLE ".
Said corporation shall have bank in
operation in the town of Plain Dealing on
or before the LIST day II September, 1917,
with paid up capital of not less than
Fifteen Thousand Dollars tx15,O00.OO),
which shall continue its existence for Il
period of fifty (5OD years from date thereof,
unless sooner dissolved by liquidation.
provided by law. All legal services shall be
made on this corporation as provided by law.
ARTICLE V.
This corporation shall be managed by a
| Board of Directors elected from the stock
| holders who shall also be citizens of this
state, to he elected by ballot on the second
| Tuesday of the month of January of each
year: the next election to be held on the
second Tuesday of January, 1918, and on
same UiV cdc1 year tnefedIter.
| Said Board of Directors shall hold Office
| for one year, or until their SUCCESSORS are
| duly elected and qualified, and n failure to
meet and elect directors shall not dissolve
| this corporation, but the incumbent direct
| ors shall hold over until their successors
| are duly elected and qualified.
| There shall not be less than seven "a
| directors nor over fifteen 80, said num-
| her to BE- agreed upon Mt each election, and
| for tl,e rornOSeA of trauSnctinv hIlSiNeSS five
| of said directors present and acting shall
| constitute quorum ut any meeting.
All elections shall be conducted by ballot
and the number of directors agreed upon
shall be elected who receive the highest
| number of votes at the election.
The said Board of Directors shall elect
from their number a PRESIDENT, Viccprcsi-
dent and Cashier. Th-,- said Board of W-
rcctOrs shall have power to fill veancics on
the board.
ARTICLE W.
The BOARD of Directors may make and
ortlain such bylaws for the proper manage
/ ment of this corporation as may be neccs-
sary and proper in conformity with law.
and repeal said bylaws ut pleasure. The
stock of this corporation shall be trans
/ fcrablc only on the books of the corpora
ton and will not be transferred until all
Indebtedness to the corporation by the per-
son in whose name the stock is standing IN
the books has been paid or satisfied, and
| all stock In this company shall be liable to
/ It for any indebtedness Of the person own
| ing said stock or the person in whose name
| II stands.
ARTICLE VII.
This act of incorporation may be chang
cd. modified or altered, and the capital
stock of same bc increased or decreased
and the par value of the shares, together
with the number of same. may be likewise
| increased or decreased, the corporation
may be dissolved by and according to the
following provisions: BY Il special meeting
of the stockholders convened for that pur-
POSE after thirty t30l days prior notice by
publication In a weekly paper published in
the Parish of Rossicr and written notice to
each stakeholder ten 1O} days prior to
such meeting, with the consent Of two
thirds OF the paid up capital stock Of the
| corporation.
ARTICLE VIII.
| NO stakeholder of this corporation shall
ever b. held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
due on the stock subscribed, nor shall any
mere informality in the organization have
the effect Of rendering this charter null and
void or exposing any stakeholder to any
further liability than the unpaid balance
due on their subscription for the stock,
ARTICLE IN.
Should this corporation ever be ordered
liquidatcd. or should the stockholders de-
sire same to be liguidated. IT shall be
| lfquidatcd as provided for by the banking
laws of this state, or as hereipaboyc
net out.
| ARTICLE n
At all meetings of stockholders each
stoekhelder shall be entitled to vote one
vote for each share Of stock owned by him.
stockholders may vote in person or by
proxy. \ majority of the paid up capital
shall constitute quorum to transat
business.
ARTICLE NJ
The following named persons are hereby