St. Landry clarion. (Opelousas, La.) 1890-1921, 1919-07-05

Fresiient; DIR. Paul Foster, Theogene Der.
trand. Dallas Pitre, S. j. Gosselin, Email
Lafleur, c. N Bertrand, j. A. Haas and L
j. Larcade. said board of directors and Of
Thursday of January. A. D. 1920, or until
their successors shall have been elected
and qualified.
The first board of directors of this cor.
p%oration shall organize as soon as the legal
formalities and the provisions of this char
ter have been complied with, and shall pro-
coed to the election of the cashier, and such
other officers as they may deem proper,
and said officers shall hold office at the
pleasure of the board.
ARTICLE VII
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 q dice non, on the following day. No
person shall be eligible to serve on the board
OF directors who owns less than three t3l
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 (3) 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 (10l
days prior to said election, in one or more
newspapers in the city of Opelousas, 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 vacan-
cles occurring on the board of directors
shall be filled by it for the remainder of
the term of the board. In case an election
is not held as provided for herein the direc-
tors and officers then in office shall hold
until their successors are elected and quail
fled. and in that event an election shall
be held as soon as possible, after notice has
been given as provided aEeve.
Five 80 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
or in such committees or officers
as may be appointed by the board, with sub
delegation of authority.
ARTICLE x
The seal of this corporation shall be the
figure of an American soldier with the words
of LAWTELL STATE BANK, Lawtell. La.
ARTICLE XI
Whenever this corporation is dissolved
either by limitation or for any cher cause,
us aII2lrS SnalI De ilQuld8Ge0 by three (3)
stockholders, to be appointed at a general
meeting, notice of which shall be he'd
for thirty 500 days in a newspaper pub
lished in the city of Opelousas, and a ma
jority of the stockholders voting at said
meeting will be required to elect. In case
of a vacancy among the commissioners, the
remaining commissioners shall elect a new
one from among the stockholders.
ARTICLE XII
This charter may be modified. altered or
amended, or the said corporation dissolved,
with the assent of th~ree-fourths (3-41 of the
stockholders, or represented by proxy at a
general meeting of the stockholders called
for that purpose, after notice thereof has
been given in one or more newspapers pub
in the city of Opelousas for thirty
t309 days preceding said meeting and after
written notice to each stakeholder mailed
to his last known address, at least thirty
900 days before said meeting.
ARTICLE XIII
No s~tockholder shall be liable for the con-
and faults of this corporation in
any further sum than the unpaid balance
the association on the shares of stock
subscribed for or owned by him; nor shall
any informality in organization have the
effect of rendering this charter null. or of
exposing a stockholder to any liability be-
yond the unpaid balance if any. ON his
subscription for stock.
THUS DONE, READ AND SIGNED, at
my office in the city of Opelousas, parish of
Landry. State of Louisiana, on the day,
month and year herein first above written,
in the presence of Jno. w. Lewis and L.itteH
4. Corson, competent witnesses, of law
full age, and domicile, who have hereunto
affixed their signatures with the appearers,
and me. Notary.
Name No. Shares Address
DR.. Paul Foster, 10 shares, Opelousas, La.
G. y. Bertrand, 10 shares, Opelousas, La.
7. P. Bertrand, S shares, 0pelousas, La.
S. ]. Gosselin, 8 shares. 0pelousas, La.