The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-08-02

SHAN tn
OF THE
FARMERS AND MERCHANTS BANK
Montgomery, Grant Parish, Louisiana.
STATE OF LOUISIANA, |
Parish of Grant.
Be it known, That on this the Both
day of June. A. d. 1919, before me, j.
B. Roberts, Notary Public, duly COM
missioned, sworn and qualified in and
for the Parish of Grant. State of Lou
isiana, personally came and appeared
w. o. Harrison, T. j. Harrison. C. w..
Dyson, /. C. Dyson, L. ]. Harrison, o.
P. Harrison, r. A. Sellers, j. D. Bos
ton, w. w. Dyson. c. C. Wilson, Dr.
A. j. Morat, A. j. Morat. and the
other persons whose names are signed
hereunto, all being residents and dom
iciled in the Parish of Grant, Louis
lana, and whose residence is stated OPP
posite their names, who declared that,
awaiting themselves of the laws of the
State of Louisiana applicable to banks
and banking and being DESTROYS of ac-
curing and enjoying the powers and
privileges granted by the laws of the
State of Louisiana to corporations for
the conduct of bank or banking con-
Germ, they have agreed and do by these
presents covenant and agree, bind and
obligate themselves, as well as such
other persons as may hereafter become
associated with them, to form q body
corporate in law, for the objects above
set forth under the following stipula-
lions, terms, provisions and articles of
incorporation; to-wit:
ARTICLE 1.
The name and title of this corpora
ton shall be Farmers and Merchants
Bank of Montgomery and its domicile
and place of doing a banking business
shall be the town of Montgomery,
Grant parish. Louisiana, and its CAPT.
tai stock is hereby fixed at twenty
| thousand dollars, divided into two hun
dred shares of one hundred dollars each,
the appearers herein being sharehold-
ers and the places of residence and the
number of shares and the amounts
held by each of them respectively be-
ing set forth opposite their signatures,
which amounts of said shares have been
and are to be paid as follows: Fifty
per centum this day and the other hall
within ninety days after the bank shall
begin business.
| ARTICLE ii.
That said corporation shall commence
its existence on the 18th day of Sep
TENDER, 1919, and shall enjoy corporate
existence for a period of ninety-nins
years from said date, and by it's corpo
rate name may sue and be sued, plead
and be implicated, appear, answer anC
prosecute in any and all courts of jus
tice in this state and elsewhere. fhs
president of this corporation shall b.
the officer on whom citation and othel
. legal process may be served, and in hi.
absence upon the vice-president or any
other officer designated by the board o.
directors for that purpose.
ARTICLE Ill.
The objects and purposes for which
this corporation is organized are hereb,
declared to be: To do general bank
ing business under the laws of thi
State, and under such authority it shall
have power to receive deposits, to lent
money on real and personal security
to accept for payment at future dat,
to issue letters of credit authorizing
the holders thereof to draw drafts upol
it its correspondents at sight or OF
time; to discount and buy and sci
promissory notes and bills of exchange
and other evidences of Indebtedness
gold and silver and bonds of the Unite,
States and of this State, and of tn,
several levee districts of this State ant
of the parishes and school districts
drainage districts, road districts, ant
of the municipal corporations of thi
State. as provided by law, and it shall
. have all powers incidental or necessar,
to exercise of the powers just enumer
, ated, and it shall have power to &C
I quire and dispose of real estate as pro
vided by law for banking corporations
and such other powers as are now o
{ may hereafter be granted to banks.
. ARTICLE w.
2 This corporation shall be managed b,
4 board or nine directors who shall b.
citizens of this State and actual stock
holders of this corporation. Said di
q rectors shall be elected by balloto tn
4 first Monday in September of Ieacl
4 year, beginning with the first Monda
r in September, 1920, and said director
shall hold Office for one year or unit
e their successors are duly elected an
Qualified.
!, The nine persons receiving the high
d est number of votes cast at an annu,