St. Landry clarion. (Opelousas, La.) 1890-1921, 1919-08-09

respondents at sight or on time. discount
ana buy and sell promissory notes ard bills
% exchange, and other evidences of indebt-
sdhess, 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 LawtelI. in
the State and parish aforesaid.
ARTICLE Nv
CITATION and all legal process shall be
served on the president of the said corpora
tion' and in the event of his absence, upon
the vice-president, and in his absence service
may be made upon the cashier of this corr
poration.
ARTICLE "
The capital stock of this corporation is
hereby fixed at Twenty Thousand (s2O.-
oe0.O0) Dollars, divided into Two Hundred
shares at the par value of One Hundred
tSloo.O0) Dollars each, and each subscrib-
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 ($120.00) Dollars.
Said stock shall be represented by GER
tltieates 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 fS0l 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 q. of Act 1T9 of 1902
as amended by Act No. 1s4 of 1915, or any
other Ia wS mn <aIH arhtan% zrrn+-l =. -
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
hereby nominated for the first board of
directors. and officers thereof
4. z. Lafleur. President: T. P. Bertrand,
vice-President Theo. c. Dejean. Vice.
Fresifent; DR.. Paul Foster, Theogene Ber-
trand, Dallas Pitre, S. ]. Gosselin, Emar
Lafleur, G. N Bertrand, j. A. Haas and I.
]. Larcade, said board of directors and Of
fIcers shall hold office until the second
S0A "a aALGaAS a.. u. 1SS0T OF 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,
Independents 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 (3l
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 t3) commits
sioners, to be appointed by the board of di-
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
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