Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-02-28


Caldwell Brothers,
by V. l.. Caldwell -.--...-.-.-.72 Shares
F.. p. Morcsi .......-...-........-....-lj Shares
+. p. Aioresi proxy
\. p. Norcsi ..-.--.-.--.--.----...-..i 10 Sha -es
:. L. Leblanc ACKNOWLEDGEMENTS :; Shares
Mrs. \. c. Dcruucm .-.-......---.--.. ; share,
c. c. Deroucn ........-....-..-.-...--- ) Shares
F. b. Williams ..--..--.,.-..--,,,--..4) Shares
W. J. BrousSard ....-.--.........-.33 Shares
Leblanc Realty Co. Inc.
by :. L. Leblanc. Pres. .,-... 9 Shares
!. L. Caldwell, proxy
Mrs Sam Weiss ...................... > Shares
Arveiicn Theriot .......----.,.....-. S1ares
Total number of shares voting for
the adoption Of the above and forego-
ing resolution and amendment to the
charter Two-Hundred and Thirty (230)
Shares.
Against NONE.
All members present having voted
for and in favor of the above stated
resolution and none having voted a
gainst it and there having been over
the two-thirds (2-3)of the total shares
of the Capital Stock of the Bank voted
for and in favor of the adoption of the
said resolution, the same was declared
by the Chairman unanimously adopt
ed.
Upon motion of Mr.. 4. c. Derouen,
duly seconded by Mr.. f. P. Noresi, the
following resolution amending Article
V OF the Charter of the Bank Of Erath
was real,put and unanimously adopted.
BE 1T RESOLVED, that Article V
of the Charter of the Bank of Eratl
be and the same is hereby amended
and ,re-enacted to read as follows, to-
wit;
All the corporate powers o this
corporation shall be exercised by a
board Of nine (9) directors to be elected
annually on the second Monday in Jan
uary of each year, commencing on the
second Monday in January, 1921, at
general meeting of stockholders con-
vened for that purpose, after ten days
notice by publication in a newspaper
of the Parish of vermilion and also by
written notice addressed ltn <ach-stsss.
Th6fder ten DAYS before said election.
Said election shall be by ballot, each
share being entitled to one vote, by
person or by written proxy, and the
stockholders receiving majority of
the votes cast shall be declared duly
elected.
Said election shall be conducted by
three stockholders who shall be ap-
pointed by the Board of Directors fo.
that purpose. In case of no election on
the dav fixed, the president shall cause
an election to be held as soon as pos
sible thereafter on giving the notice
above provided for Failure TO hold an
election shall not forfeit this charte",
but the electors in office shall rema II
until their successors are elected aud
have taken their places.
Each director shall hold IN his OWE
name at least one share of tie capital
stock. All vacancies by death, res; gn3-
tion or otherwise shall be filled by the
remaining members of helbosrd.
\ majority of the directorslslall con-
s-itute quorum for the Transaction
of business. Said board shall appoint
such Officers and employees as they
deem necessary, and such officers and
EMPLOYEES may be required to furnish
satisfactory bond by the directors
They shall adopt such bylaws, rules
and regulations as may be necessary
for the proper transaction Of business,
and to alter and amend at pleasure.
The following named persons shall con-
stitute the first board of directors and
shall serve until the election herein
above provided for or until their sue
cessors are elected and have taken
their place, to-wit;
'. L. Caldwell, A. C. Derouen, E
P. Moresi, A. P Moresi, Avery Thi-
bodeaux, F. B. Williams, S. U. Leblanc,
W. j. Broussard and A. L. Derouen,
with '. L. Caldwell as presi lent, A.
c. Derouen Vice President, F. B. Viii
Hams Cashier and w. ]. Broussard As
siStant Cashier.
Any director who NAV be absent
from any meeting of the board of dir.
eetors shall have the right to appoint
in writing one Of the other directors to
represent him and to vote for MIN at
the meeting of said board.
Upon motion Of E. P. Moresi dtlv
seconded by S. L. Leblanc. IT WAS
RESOLVED, all of the abovs named
stockholders voting in the affi ina i've
and for the adoption Of the resolution
the President and Secretary or Cashier
OF the Bank of Erath, they being the
Chairman and Secretary Of this meeting
respectively, be and thev are hereby
authorized and empowered To SIGN anv