St. Landry clarion. (Opelousas, La.) 1890-1921, 1919-07-19

respondents at sight or on time. discount
and buy and sell promissory notes and bills
CT 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 domicile 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 vice-presideHt, and in his absence service
may be made upon the cashier of this cor
poration-
ARTICLE v
The capital stock of this corporation is
hereby fixed at Twenty Thousand $780,
100000 Dollars. divided into Two Hundred
shares at the par value of One Hundred
tSl00.09t Dollars each. and each subscribe
er shall be required to pay in addition 20 per
cent of his subscription in order to create
a surplus fund. thus fixing the selling par
value of the stock at One Hundred and
Twenty t$l20-081 Dollars.
Said stock shall be represented by GER
t~ificates 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 Z. of Act 1T9 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
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. G. Deiean, Vice
Fresitent; DR.. Paul Foster, Theogene Ber-
trand, Dallas Pitre, S. ]. Gosselin, Emar
j. Larcade, said board of directors and Of
fieers 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
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 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 t31
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 81 commits
sioners, to be appointed by the board of d.
~reetors.
Notice of such election shall be given by
publishing same for not less than ten (16t
days prior to said election, in one or more
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-
cies occurring on the board of directors
shall be filled by it for the remainder of
the term of the board. In case an election