The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-08-09
ARTICLE V.

The board of directors shall make, |
ordain and adopt such bylaws and
rules for the government and proper |
of the business and af- |
fairs of the bank as may be necessary
and proper. in conformity with the
provisions of the laws of this State and
of this charter, with authority such by
laws and rules to alter, amend or re-
peal at pleasure, and they shall adopt
for the use of the corporation seal,
which shall be circular in form, of the
size of AN ordinary notarial seal, on
which shall be impressed the following:
Farmers and Merchants Bank. Mont
gomery, Louisiana; said board of di-
rectors shall have authority as granted
nv law to alter or amend said seal.
ARTICLE vi.
The capital stock of this corporation
NAV be increased so as to make its
total capital stock fifty thousand dol
lars, that is by the issuance of three
hundred more shares of one hundred
dollars each, provided. however. that
the matter of such Increase shall be.
first submitted to general meeting of
the stockholders. after thirty days no..
tice by publication and by mail, and
two-thirds of the amount of capital
stock approve the same, such amend
ment to be executed, recorded and
published as this original charter.
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation or from
any other cause, its affairs shall be
liquidated under the supervision of
three commissioners to be selected by
the stockholders from among thern-
selves at general meeting convened
for that purpose, after thirty days
prior notice by mail TO each stock
holder and by publication IN newspa-
per published in Grant parish nearest
the domicile Of this corporation, pro-
vided the assent of the owners of three
fourths of the capital stock vote there
for. Said commissioners shall remain
in office until the affairs of this corpo-
ration shall have been fully liquidated
and settled, and in case of death of one
or more of said commissioners, the sur
vivor or survivors shall continue to act
ARTICLE VIII.
No stakeholder shall ever be liable or
responsible for the contracts or faults
or offenses of this corporation in any
further sum than the unpaid balance
due by MIN on his subscription to
shares of stock.
ARTICLE TX.
The shares of this corporation shall
be personal property and shall be
transferable only on the books of the
company.
ARTICLE X.
The following named persons shall
constitute the first board of directors,
to-wit: W.O. Harrison, 0. Z. Harrison,
7. j. Harrison, p. +. Harrison, A. p Cock
field, DIR. A. j. Morat, CIV. Dyson, w. ID.
Hill and G. c. Wilson. and w. o. Har-
rison shall be president and O. L. Hair
rison shall be- vice-president. They
shalt hold their offices as such, respect
lively, until the next election of direct.
ors as provided in this charter, and I'M
til their successors shall have been
elected and qualify. The number of
directors,shalI be nine.
ARTICLE XI.
At all meetings of stockholders for
the election of directors or for any
other purpose, each stakeholder shall
be entitled to cast one vote for each
share of stock held by him, either in
person or by proxy.
ARTICLE XII
1t shall be the duty of the cashier of
this bank to notify each stakeholder Of
the annual meeting of stockholders
and each director of the regular
monthly meeting of directors aud of
such other meetings of these bodies
held under the provisions of this char
ter or by call of the president.
Thus done, read and signed at Mont
gomery, Grant parish, Louisiana, on
this the Both day of June. 1919, in the
presence of Messrs. A. C. Teddlie and
j. III. Bosley, competent witnesses,
who, together with the appearers and
me, notary, have signed hereto after
due reading thereof.
C. C. Wilson. A. G. Morat, Sr., c. V.
Dyson, X. A. Sellers. /. G.. Dyson, o.
p. Harrison, w. O. Harrison, 4. j.
Harrison, j. ID. Boston, d. s. Mathis,
A. J. Morat, C. E. Woods, T. W. Har-
rison, w. Payne Harrison, w. w. Dy-
son, W. L.. Moore. l.. j. Harrison.
Witnessess