The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-06-26

Before me. Lott l.. Roach, Notary
! Public. duly commissioned and quail
fled, in and for the Parish of Grant,
therein residing, and in the presence of
| the witnesses hereinafter named and
undersigned.
Personally came and appeared the
several persons whose names are men,
toned and hereunto subscribed, who
severally declared: That they are cit
liens of this State, and that availing
themselves of the laws of the State OF
Louisiana, in such cases made, provided
that they have covenanted and agreed,
and do hereby covent and agree and
bind themselves as well as all other
persons who may hereinafter become
associated with them, to form Bank
ing Corporation, and under the follow
ing articles, to-wit:
ARTICLE ONE.
The name and style of this corpora
tpn shall be The Grant State Bank and
under said corporate name it shall have
and enjoy succession for the period of
Ninety Nine (99) years. to have and use
a corporate seal, to sue and be sued,
plead and be pleaded with, appear ans
wer and prosecute in any and all courts
of the State and elsewhere.
ARTICLE TWO.
The Association shall have and pos
sess all the powers granted sto Bank
ing Associations under and by virtue
of the terms and conditions of the
banking laws of the State of Louisiana
and especially Act ITO of ls02 and all
amendments thereto.
ARTICLE THREE
The business OF this corporation is to
be carried on at Colfax, in the Parish
of Grant, State of Louisiana, where it's
domicie is hereby established.
ARTICLE FOUR.
All citationssand other legal process
shall be served upon the President of
said corporation, or in his absence up
on the Vice President, or in the alb
sence of both, upon the Cashier of said
corporation. The capital stock OF this
corporation is hereby fixed at Forty
Five THOUSAND (S45, 900. 00) Dollars
divided into Four hundred and Fifty
(450) shares of One Hundred $500. 00)
Dollars each. Said stock shall be rep
resented by certificates of stock signed
by the President and Cashier, and
in the absence of h e President
by the Vice-President. and shall be
transferable upon the books of the
corporation only upon surrender or
proof of loss or destruction of the out
standing certificates, and no stock
holder shall be entitled to vote any
shares of stock transferred to him
within twenty (2o) days preceding any
election. The capital stock of this
corporation shall be paid for in cash,
and the said corporation shall begin
business as soon as one half of the
said capital stock shall have been paid
in. the remaining amount to be paid in
within ninety 800 days as required by
the law. This bank shall begin bust
ness on July /, 1920.
ARTICLE FIVE.
The affairs of this corporation shall
be managed by board of not less than
nine, nor more than twenty-ane, seven
of whom shall constitute quorum for
their transaction, and the following
persons are hereby designated as the
first board of directors, who shall serve
and hold office until the first Monday
in July 1921: E. II. Blackwood, j. E.
Swafford. l.. o. Clinton, j. H. Black
sher, John Abraham, W. A. Brownies,
C. H. Tumminello, w. C. Carnahan, w.
j. Tison. Jr., Andrew Jackson, @. A.
Hargis. P. A. Dean, l.. Il. Gay, Jr.,
l.. M. Futrell, E. S. Murrell.
DIR. E. H. Blackwood shall be presi-
dent, w. A. Brownlee. 1st vice-presi-
dent. Q. A. Hargis, End vice president
and j. E. Swatford, cashier.
ARTICLE SIX.
The names and places of residence
of subscribing stockholders and the
number of shares held by them respect
lively are as follows:
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