The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-03-18
CHARTER
CHARTER
or
The First Trust and Banking Company
OF Arcadia, Louisiana


represented as shown below, who dt
clared that availing themselves Of tn
laws of the State Of Louisiana in sue
cases made and provided, they hav
contracted and agreed, and do b
these presents, contract agree, an
bind themselves as well as all othe
lpersons who may hereafter becom
associated with them, to form Bank
ing Corporation, with the powers 0
a SAYINGS, SAFE DEPOSIT AM
TRUST BANK, do hereby adopt tn
following articles as its charter.
ARTICLE l.
The name and title Of this corpol
,,ation shall be THE FIRST TRUS,
AND BANKING COMPANY.
ARTICLE 2.
The object Of this corporation an,
the purpose for which it is organize,
and the nature of the business to b.
carried on by it are hereby declared
to be GENERAL BANKING, SAY
ING. SAFE DEPOSIT AND TRUST
BANKING BUSINESS" and shall
have and possess all the powers grant
ed to banking associations savings
safe deposit and trust banks, under tn
provisions, of Act No. 1856, approved
March 18th. 1856, entitled "An Act t,
Establish a General System of Ere,
Banking in the State Of Louisiana, al
amended and reenacted by various sub
seQuent statutes Of the State of Louis
lana, and particularly by the provision
OF Act No. $50 Of the Acts of 1888
approved July IL, 1883, Act No. 95 O.
1892, approved July 7th, 1892 and Ac
No. a of 1902, approved June q, 1902
and Act No. 121 of 1910 and Act No
23S Of 1910, and all other acts ant
amendments relating to the purpose fol
which this corporation is formed.
ARTICLE 3
| The domicile of this corporation
shall be in the Town of Arcadia, Biep
vile parish, Louisiana at which place
all service of legal process shall be
made on the President and in his alb
sence, In accordance with law.
ARTICLE4.
This corporation shall carry on it's
business under its corporate name fol
a period of fifty years, unless soone,
dissolved 1t shall have the power to
make and use corporate seal, which
shall he an eagle, surrounded by the
name and title of this corporation
"THE FIRST TRUST AND BANK.
ING COMPANY.
ARTICLE 5.
This corporation shall have the DOW.
er to sue and be sued and to do and
perform all acts necessary to carry on
the business for which 1t is formed and
. ABOVE mentioned.
ARTICLE G.
tn" capital stock of this cornoration
Is hereby fixed at FIFTY THOUSAND
(SoO,0OOO DOLLARS, divided into
ana represented by Five Hundred
QUO Shares, Of the par value Of One
Hundred ($1O0OO) Dollars each. The
capital stock Of this corporation NAV
De increased to One Hundred Thous
and (SlOO,O0O,OO) Dollars, and which
snsll be represented by One Thousand
'looo, Shares Of stock at the par val
ne or One Hundred ($lOO.0O) Dollars
each, or per share, and which shall be-
oone IN accordance with law.
ARTICLE 7.
Inc entire capital stock of this cor.
poratlon shall be subscribed and maid
Tor, In cash, on or before the date on
which II shall commence business
ARTICLE 8.
Inc affairs Of this corporation shall,
DE managed by and be, under the con.
tfol OF a Board Of not less than seven
nor more than twenty one Directors
VINO shall he elected at the ANIMAL
stockholders meeting, which shall he
l ne on the third Tuesday of January
70 ,ao, each year, beginning with the year
WI W., The following stockholder.
sllall compose the first Board of Di.
leetors: L. NJ. Tooke, D. E. Brown.
,n j. R. Jordan, W. M. Deas, ", D
1T, dru'uck' ). 3. Reynolds, W. ]. Muir.
p pay, Carl Goff, R. L. Taylor, R. P.
odell, X. l.. Williams, A. Anderson, N,
a. a. Bridges Joseph Dawidoff. q. II
flsher, and P. A. Mcclure, all of whom
nave their post-office addresses at Ar.
;auia' Blenville Parish, Louisiana and
.ney shall hold Office until their snc.
'essors are elected and qualified. Sew. !
III OF said directors shall constitute q |
Quorum for the transaction of business |
AhIlClE y.
The officers Of this corporation shall |
)e a President Vice President Cash |
er and Assistant Cashier or Cashiers
lney shall be elected annually. on tbe
hlrd Tuesday in January Of each wear
,eglnning with the year 1921. by the
5oard OF Directors elected on said date
y the stockholders, which Board shall
organize and elect said Of.
icers. "'' u
The first officers of this corporation
hall De l.. M. Tooke, President: ! n
reynolds. Vice-President; W. M. Deas
asher; and Carl Golf, Assistant Cash
en- who shall hold said offices until
heir successors are elected, according
Q law, and as herein provided.
ARTICLE 10. !.
Meetings of the stockholders NAV he
eid at the Office Of this corporation as
Iten as the needs Of the business NAV
equlre' which meeting shall be con.