St. Landry clarion. (Opelousas, La.) 1890-1921, 1919-07-12
Charter
OF
I,awteH State Rank.

STATE OF LOUISIANA
PARISH OF ST. LANDRY
BE TT KNOWN, That on this third (3rd)
day of July. A.. D.. 1919, before me. William
R. Lacombe. a Notary Public, in and for the
above parish and state, duly commissioned
and qualified as such. and in the presence
of the witnesses hereinafter named and un-
deTsigned, personally came and appeared the
persons whose names are subscribed hereto.
who declared that, avaiIing themselves of
the general laws of the State of Louisiana,
applicable to banks and banking, and those
enacted by the General Assembly of this
State for the organization of banking asso-
1 Citations, and particularly Act I79 of the
year 1902, as amended by Act I40 of 1906,
and Act 1874 of 1915. they. the said SUBJ
/ scribers, associate themselves together to
acquire and enjoy the privileges and powers
granted by the State of Louisiana to cor
po-ations for conducting hanks have agreed
| and do by these presents covenant and agree
and bind and obligate themselves, as well
as other persons who may hereafter become
associated with them, to form a body cor
poIate in law for the objects herein set
fort, and under the articles and ~stipula-
tons following, to-wit:
ARTICLE +
The name and title of this banking as
seciation shall be LAWFELL STATE BANK,
and under its corporate name it shall have
and enjoy succession for a period of ninety
nine 1897 years from this date.
ARTICLE II.
The object and purpose for which this
corporation is formed and rne business it
may carry on aie declared to be a general
banking business under the law, of the
State of Louisiana, relative to banks and
banking, and particularly as delineated and
regulated by Act 1T9 Of the Acts of the
General Assembly of the State ct Louisiana
for the year 1902 and as amended h- Act
No. lao of 1906 and Act No. 1874 of 1915;
and among other things it may receive de-
posits, lend money on real and personal Sc
curity, accept for payment at a future date
drafts drawn upon il by its customers, issue
letters of credit, authorizing the holders
thereof to draw drafts upon ii or its corr
respondents at sight or on time, discount
and buy and sell promissory notes and bills
of exchange. and other evidences of indebt-
edness. gold and silver bonds of the United
States, and of school districts, drainage
districts. road districts and of municipal
corporations of this State, &C., etc.
ARTICLE III
The business of this corporation is to be
carried on in the parish of ST. Landry, State
of Louisiana. and its domiciie is hereby
established in the village of Lawtell, in
the State and parish aforesaid.
ARTICLE "
Citation and all legal process shall be
served on the president of the said corpora
ton, and in the event of his absence, upon
the viceepresident and in his absence service
may be made upon the cashier of this cor
p%oration.
ARTICLE v
The capital stock of this corporation is
hereby fixed at Twenty Thousand $780,
000.00l Dollars, divided into Two Hundred
shares at the par value of One Hundred
100000 Dollars each. and each subscribe
er shall be required to pay in addition 20 per
cent of his subscription in order to create
q surplus fund, thus fixing the selling par
value of the stock at One Hundred and
Twenty (S120.001 Dollars.
Said stock shall be represented by cer-
tificates of stock signed by the president or
any vice-president, and the cashier, and seal
ed with the seal of the corporation. Stock
shall be transferred on the books of the
corporation only on surrender or upon proof
of loss or transfer of. outstanding certifi-
Gates. and no stakeholder shall be entitled
to vote on a share transferred to him within
thirty (30) days preceding an election.
The capital stock and the number of
shares of the corporation may be increased
or decreased in accordance with the pro-
visions of Section 7. of Act ITO of 1902
as amended by Act No 1s4 of 1916, or any
other laws on said subject enacted in this
State.
ARTICLE VI
This corporation is authorized to COM
mence business on AUGUST 18th, 1919
at which time all Of the capital stock shall
be subscribed and paid FOR in cash. The
names and addresses of the stockholders,
subscribed by each, or written below by
them, or by their duly authorized agent,
shall be considered as incorporators.
ARTICLE VII
This corporation shall be managed by a
board Of directors composed of eleven
stockholders. The following persons are
hereby nominated for the first board of
directors, and officers thereof.
A. e. Lafleur, President; T. P. Bertrand,
vice-President; Theo.s c. Deiean. Vice
President; Dir. Paul Foster, Theogene Ber-
trand, Dallas Pitre. S. ]. GosseIin, Emar
Lafleur, c. N Bertrand, r.. A. Haas and T..
j. Larcade, said board of directors and Of
ficers shall hold office until the second
Thursday of January, A. D. 1920, or until
their successors shall have been elected
and qualified.
The first board of directors of this cor
poration shall organize as soon as the legal
formaiities and the provisions of shis char-
ter have been complied with. and shall pro-
coed to the election Of the cashier, and such
other officers rs they may deem proper,
and said officers shall hold office at the
pleasure of The board.
ARTICLE VIII
The board of directors and the president,
vice-presidents and cashier of this corpora
ton shall be elected annually on the second
Thursday of January of each year at the
Stockholders meeting and in case of that day
being a dice non. on the following day. No
person shall be eligible to serve on the board
of directors who owns less than three 49,
shares of the capital stock of this corpora
ton.
All such elections shall be by ballot and
conducted at the office of the association
under the supervision of three t3l commits
sioners, to be appointed by the board of di-
~reetors.
Notice of such election shall be given by
publishing same for not less than ten (I0)
days prior to said election. in one or more
newspapers in the city of 0pelousas. each
share of stock shall be entitled to one vote.
Each of the stockholders may vote in per-
son or by written proxy. and the majority
of the votes cast shall elect. ANY yacan-
cies occurring on the board of directors
shall be filled by it for he remainder of
the term of the board. in case an election
is not held as provided for herein The diree-
tors and officers then in office shall hold
until their SUCCESSES are elected and guali-
fled, and in that event an election skali
be held as soon as possible. after notice has
been given as provided aEpye,
Five (5l directors including the pres-
ident, shall constitute a quorum for the
transaction of business, at the office of the
bank.
ARTICLE TX
The board of directors may make and es-
tablish, alter or amend any and all by
laws, rules and regulations necessary for
the proper management of the business and
affairs of this corporation. All corporate
powers are hereby vested in the board of
directors or in such committees or officers