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

applicable to banks and banking, and those
enacted by the General Assembly of this
state Tor the organization of banking asso.
Citations, and particularly Act 179 of the
year 1902, as amended BY Act lao of 1905
and Act 184 of 1916, they, the said sub
s%cribers, associate themselves together to
acquire and enjoy the privileges and powers
granted oy the State of Louisiana to cor
poraf'ons for conducting banks have agreed
and do by these presents covenant and agree
and bind and obliRate themselves, as well
as other persons who may hereafter become
associated with them. to form a body cor
porate in law for the objects herein set
forth, and under the articles and stipula-
lions following, to-wit:
ARTICLE L
The name and title of this banking as
ISOLATION shall be LAWTELL STATE BANK,
and under its CORPORATE name it shall have
and enjoy succession for a period of ninety
nine (99) years from this date.
ARTICLE II.
The object and puro ,se for which this
corporation is formed and the business it
may carry on are lacllrad To be Il general
banking business under the laws 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 Of Louisiana
for the year 1902 and as amended b. Act
No. 140 of 1906 and Act No. 1874 of 1916:
and among other things it may receive de-
posits. lend money on real and personal Sc
curitv, accept for payment at a future date
drafts drawn npon it by its customers, issue
letters of credit, authorizing the holders
thereof to draw drafts upon it or its cor
RESPONDENTS at sight or on time, discount
and buy and sell promissorv 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 it's 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-president and in his absence service
may be made upon the cashier of this corr
poration.
ARTICLE v
The capital stock of this corporation is
hereby fixed at Twenty Thousand $780,
00O.0 O) Dollars, divided into Two Hundred
shares at the par value of One Hundred
($10e.O0) 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 (S120.0O) Dollars.
Said stock shall be represented by GER
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 1907 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 179 of 1902
as amended by Act No. 1874 of 1916, or any
other laws on said subject enacted in this
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 ncorporators.
ARTICLE WI
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
and officers thereof.
A. E. LafIeur, President; T. P. Bertrand.
Vice-President: Theo. C. Dejean, Vice.