The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-04-01
CHARTER
First State Bank
of BOssier City, La.

First State Bank
of Bossier City, La.
state Of Louisiana. Parish Of Cdddo.
BE it known that on this the 10Th day
of March, 1920, before me. Edward Barnett.
Il Notary Public in and for the Parish Of
caddo. State of Louisiana. duly commits
stoned and qualified. personally came and
appeared: Z. W. Hutchings II. +. Eatman.
II. \. Wilkinson. ii. ii. Mahaffey. Homer
Nichols. II. II. billiard. J. 4. Edgar. G. G.
Huckaby and W. T. Young. all of whom
reside in Bossicr City, Parish of Bossicr.
State Of Louisiana T.. l.. Crosby. Il resident
Of Glcnmore: Parish of Rapides. Louisiana
W. l.. Iilkinton. NJ. H.. McCutchen and
]. {. Trichcl. all residents ofsthc city of
Shreveport. Parish of taddo. State Of
Louisiana. and JAS. NJ. Henderson and
]. II. Montgomery. residents of Benton.
Parish Of Bossicr, State Of Louisiana. who
declared that, awaiting themselves of the
laws of the State of Louisiana relative to
the organization of banking corporations.
and especially Of Act 119 Of the General
Assembly Of 1902, and Act 1874 of the
General Assembly Of 1916. amrndatOry of
the said Act 179 of 1902. they have or
ganized and do by these presents. form,
constitute and organize themselves into Il
corporation for the purpose of carrying on
and conducting banking corporation under
the conditions. terms and stipulations and
for the various objects and purposes
hereinafter set out.
ARTICLE l. .-.-.
The name and style of this corporation
shall he FIRST STATE BANK of BOssier City.
Louisiana. Uuder it's corporate name it
shall have power and authority to contract.
sue and be- sued: to make and use IL corpo-
rate seal and the same to alter at pleasure:
to hold, receive, lease. purchase or other
wise acquire such property, real and
personal, as it may be Indispensable for
the objects of this association to name and
elect or appoint such officers and agents
and to discharge the same as the interest
and convenience of the corporation may
require to make and establish such bylaws.
rules and regulations for the proper man.
a.emrDt Of its affairs may be- necessary
and the same to change ut plcaruse.
ARTICLE H.
The objects and purposes for which this
corporation is formed and the business to
he conducted by it hereby declared to
be: To conduct and carry on the business
of II State Bank to receive deposits to
lend money on real and personal security :
to accept for payment future date
drafts drawn on them by their customers.
the holders thereof to draw drafts unOn
them. or their correspondents, mt sight or
on time: to discount and buy and sell
promissOry notes and bills of exchange, and
other evidences of Indebtedness. gold and
silver, and bonds Of the United States, Of
the State of Louisiana. and such levec.
school. road and drainage districts. as well
other political subdivisions. us is per-
mittcd under the laws of this state. and
particularly of the said Act No. ITO Of
1902 us amended by the said Act 1S4 Of
1916: and in general TO do and perform
all things permitted by the banking laws
of this state and conSonant with the said
| objects and purposes.
ARTICLE Ill.
The capital stock of this banking corpora
| ton shall be Fifteen Thousand Dollars.
| divided into and represented by Three
Hundred t3OOD shares of the par value Of
| Fifty Dollars txjO.OOp each. 1t shall COM
mcncc business as soon as the entire capital
| stock shall have been subscribed and paid
| in full and it il now declared that the
entire capital stock of Fifteen Thousand
| Dollars (S1j.OOO.OOI has been fully sub
| scribed and fully paid in cash.
This corporation shall continue to exist
for Il period of nincty-nine years.
| The capital stock may be increased to
One Hundred Thousand Dollars, divided into
! Fifty Dollars t$:0.OO) each. on cOmplyinG
with the laws relative thereto.
| -. ARTICLE ".
The affairs of this association shall be
| administered by IL board of seven CO direc
tors. who shall he elected from among the
stockholders annually by the stockholders
| at Il meeting to be held for that purpose
| such annual meeting shall he held on the
first Monday in July. 1920. and annually
thereafter. Only those holding ut least two
| shares of stock shall be eligible as directors
| Until the first meeting to he held on the
| first Monday Of July, 1920, the following
shall constitute the first BOARD of Di
rcctors II. II. Mahaffey. L. W. Hutchings
u. r. Eatman. T. \. Wilkinson. II. II. Dill
lard. &. &. Huckaby and Homer Nichols.
| Notice of stockholders meeting shall BIZ
given in writing by the Cashier Of the banl
not less than ten nor more than twenty
days, before the date of such meeting.
I:s..t ARTICLE v.
j., The officers of this association shall b.
Il President. viceprcsidcnt and Il Cashier
who shall be elected annually by the di
+ rector, beginning ut the first meeting Of thu
directors to be held on the first Monday II
| July 1870. Immediately following theil
iirlrctfOn by the stockholders.
Il, The first officers shall be L. 4. Wilkin
| SON., President: II. II. billiard. Vicepresi
l dent. and l.. W. Hutchings. Cashier. VIII
4 shall strive until their successors are elected
lTr.Au Officers of this corporation shall b.
elected from among the directors.
i. ARTICLE vi
| Whenever the capital stock Of this cor
/ por,tiOn is increased or decreased. sucl
change shall be made only after havin
been submitted to general meeting Of tn
stockholders. held after thirty days motto
by publication and by mail. and approves
by twO-thirds of the amount Of the capita
stock the amendment Of this charter show
ing such increase or decrease to be executed
recorded and published. provided b.
Section Z of Act 10 of 1902. rs amrnde
by Act 1874 of 1916.
ARTICLE VII.
All vacancies in the Board Of Director
occurring by death. resignation or otherwise
between the annual meetings of the stock
holders. shall be filled by the rcmainin
members of the Board Of Directors.
ARTICLE VIII.
Upon the dissolution of this association
except where otherwise provided by law. it
affairs shall BE- liGuidated by three lie
uidat0rs. elected by the stockholders frOr
among their own number at meetin
regularly called for that purpose and hel
after thirty days notice by publication IN
by mail. such liquidation to he effected 1
accordance with the then existing law
relative thereto.
In testimony whereof the siad apppearer
have hcreunto affixed their hands and sea
on the day and date herein first ab0y
written. each subscriber setting OppOsit
his name his pOstoffice address ana til
number of shares subscribed and paid