The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-08-09

All of said stock subscribed shall be paid
for in cash before the LIST day of September
\. ID. 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
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 Il September, 1917,
with paid up capital of not less than
Fifteen Thousand Dollars tS15, 700 OOp !.
which shall continue its existence for a
period of fifty t5OD years from date thereof,
unless sooner dissolved by liquidation, as
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
Beard of Directors elected from the stock
holders, who shall also be citizens Of this
state, to be 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, 1915 and on
same day each year Thereafter.
Said Board Of Directors shall hold Office
for one year, or until their successors are
duly elected and qualified and failure to
meet and elect directors shall not dissolve
this corporation, but tho 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 (15), said num-
Der to be agreed upon ut each election, and
for the porpOse of transaeting business. five
OF said directors present and acting shall
constitute quorum at 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 Mt the election.
The said Board of Directors shall elect
from their number Il President, Vicepresi-
dent and Cashier. The said Board of Di-
rcctors shall have power to I'LL vcancies on
the board.
ARTICLE vi.
The Board of Directors may make and
ordain such bylaws for the proper manage
mcnt Of this corporation as may I've ncccs-
sary and proper in conformity with law,
and repeal said bylaws Mt pleasure. The
stock of this corporation shall be traps
ferable only on the books OF the corpora
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
1t for any Indebtedness of the person own
Ing said stock or the person in whose name
1t stands.
ARTICLE VII
This act. Of Incorporation may he chang
ed. modified or altered, and the capital
stock of same be increased or decreased,
and the par value of the shares, together
with the number of same, may be likewise
increased or decreased, or thc corporation
may be dissolved by and according to the
following provisions: BY special meeting
of the stockholders convened for that pur-
pose after thirty 500 days prior notice by
publication in a weekly paper published In
the Parish Of Ressicr, and written notice to
each stockheider ten 100 days prior to
such meeting, with the ,eascpt Of two
thirds Of the paid up capital stock of the
corporation.
ARTICLE VIII,
No stakeholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults of said corporation in