The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-04-08
CHARTER
-OF THU
First State Bank
of Bossler City, La.

State of Louisiana. Parish "t C0ddo.
Be it known that on this. the Goth day
of March, 1920, before me, Edward Barnett.
Il Notary Public in and for the Parish Of
taddo. State of Louisiana. duly commits
stoned and qualified. personally came and
appeared: T. W. Hutchings. Il. T. Eatman.
T. A. Wilkinson. II. II. Mahaffry, Homer
Nichols II. II. billiard. J. A. Edgar. q. {.
Huckaby and W. T. Young. all Of whom
reside in Bossier City, Parish of Bossier.
state of Louisiana: T.. l.. Crosby. resident
of Glenmore. Parish of Rapidrs. Louisiana
W. l.. Tilkinton, NJ. \. McCutchcn and
!. {. Trichel, all residents of the city of
Shreveport. Parish of Caddo. State of
Louisiana. and Jas. NJ. Henderson and
J. II. Montgomery. residents of Benton.
Parish Of Rossicr, 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 179 of the General
Assembly of 1902. and Act 1S4 of the
General Assembly of 1916. amendatOry of
the said Act 100 of 1902. they have Or
ganizcd and do by these presents. form,
constitute and organize themselves into a
corporation for the purpose of carrying on
and conducting banking corporation under
the conditions terms and stipulations and
for the various objects and purposes as
ARTICLE l.
The name and style of this corporation
shall be FIRST STATE BANK of Bossicr City.
Louisiana. Cuder it's corporate name it
shall have power and authority to contract.
sue and he sued; to make and use Il corpo-
rate seal and the same to alter ut 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 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
agement of it's affairs may be necessary
and the same to change ut plearuse.
ARTICLE ii.
| The objects and purposes for which this
| corporation Is formed and the business to
| be conducted by it are hereby declared to
| be: To conduct and carry on the business
| Of State Bank: to receive deposits: to
| lend money on real and personal security !:
| to accept for payment on IL future date
drafts drawn on them by their customers
and to issue letters of credit authorizing
the holders thereof to draw drafts unon
them. or their correspondents. ut 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 levee.
| school. road and drainage districts. as well
as other political subdivisions. rs is per-
| mittcd under the laws Of this state. and
| particularly Of the said Act. No. 40 of
| 19O2 as amended by the said Act 1874 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 III.
The capital stock of this banking corpora
ton shall be Fifteen Thousand Dollars.
divided into and represented by Three
Hundred t3OO) shares of the par value of
Fifty Dollars t$jO.O0) each. 1t shall COM
mrncc business as soon the entire capital
stock shall have been subscribed and paid
in full and 1t Is now declared that. the
entire capital stock of Fifteen Thousand
Dollars $15,OOO.OO has been fully sub
scribcd 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
Two Thousand Shares of the par value OF
Fifty Dollars t$5O.OO) each, on complying
with the laws relative thereto.
ARTICLE ".
The affairs Of this association shall be
administered by n board of seven ca direc
tors, who shall be elected from among thu
stockholders annually by the stockholders
mt a meeting TO be held for that purpose
Such annual meeting shall be held on the
first Monday in July. 1920. and annual!
thereafter. Only those holding ut least two
shares of stock shall he eligible as directors
; Until the first meeting to be held on thu
. first Monday of July, 1920. the following
shall constitute the first Board of ID
rcctors: II. II. Mahaffcy. L. w. Hutchings
II. Il. Eatman. T. \. Wilkinson. II. II. Dill
lard. q. {. Huckaby and Homer Nichols.
Notice of stockholders meeting shall bt
given in writin. by the Cashier of the banl
| not less than ten nor more than twent!
days before the date of such meeting.
ARTICLE v.
The officers of this association shall b.
President. Viccprcsident and Cashier
who shall be elected annually by the di
: rector. beginning ut the first meeting Of tn
directors to be held on the first Monday II
July. 1920. Immediately following thet
, election by the stockholders.
The first officers shall be T. \. Wilktn
son. President: H. II. billiard. Viccpresi
shall serve until their successors are elected
All officers of this corporation shall b
= elected from among the directors.
ARTICLE vi.
Whenever the capital stock of this col
poratiOn Is increased or decreased. sue
l change shall be made only after havin
< been submitted to Il general meeting of til
, stockholders, held after thirty days nOtic
I by publication and by mail. and approve
by twO-thirds Of the amount Of the capita
> stock the amendment Of this charter show
ing such increase or decrease to be executed
T. recorded and published. provided b
Section Of Act 10 of 1902. as amcnde
by Act 1874 of 1916.
ARTICLE VII. ...
- All vacancies in the Board Of Director
: occurring by DEATH resignation or otherwis
) between the annual meetings of the stool
+ holders. shall be filled by the remainin
: members of the Board of Directors,
ARTICLE VIII.
;, Upon the dissolution of this association
" except where otherwise provided by law, II
u affairs shall be liquidated by three III
uidators, elected by the stockholders fro
anon. their own number mt a meetin