The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-03-11
CHARTER
or
The First Trust and Banking Company
OF Arcadia, Louisiana
CHARTER

designed legal and competent attest
ing witnesses. came and appeared tn,
several persons whose names are here
unto subscribed, either personally OF
represented as shown below, who de
clared that ayailing themselves of thu
laws of the State of Louisiana in sucl
cases made and provided, they have
contracted and agreed, and do by
these presents, contract agree, an(
bind themselves as well as all other
persons who may hereafter become
associated with them. to form a Bank
ing Corporation, with the powers OF
a SAVINGS. SAFE DEPOSIT AMI
TRUST BANK, do hereby adopt the
following articles as its charter.
ARTICLE /.
The name and title Of this corpor.
alton shall be THE FIRST TRUST
AND BANKING COMPANY.
ARTICLE ..
The object of this corporation and
the purpose for which it is organized
and the nature of the business to be
carried on by it are hereby declared
to be a 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 the
provisions of Act No. 1876, approved
March 18th, 1886. entitled San Act to
Establish a General System of Free
Banking in the State of Louisiana, as
amended and reenacted by various sub
'equent statutes of the State of Louis
lana, and particularly by the provisions
If Act No. $50 of the Acts of 1888,
approved July II. 1883, Act No. 95 of
1892, approved July 18th, 1899 and Act
No. 10 of 1902, approved June q, 1902,
and Act No. 121 of 1910 and Act No.
23S OF 1910, and all other acts and
amendments relating to the purpose for
which this corporation is formed.
ARTICLE
! The domicile of this corporation
shall be in the Town of Arcadia, Bien-
vile parish. Louisiana at which place
all service OF legal process shall be
made on the President and in his alb.
sence, i'll accordance with law.
ARTICLE4.
This corporation shall carry on it's
business under its corporate name fol
! a period of fifty years, unless sooner
dissolved. 1t shall have the power to
make and use a corporate seal. which
shall be 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 it is formed and
/. above mentioned.
ARTICLE G.
The capital stock of this corporation
is hereby fixed at FIFTY THOUSAND
(SoO,OOO0O) DOLLARS. divided into
and represented by Five Hundred
5000 Shares, of the par value of One
Hundred ($1O0O0) Dollars each. The
capital stock of this corporation NAV
be increased to One Hundred Thous.
and (SlOO,0O0.0O) Dollars, and which
shall be represented by One Thousand
(lOOO) Shares of stock at the par val
ue OF One Hundred ($1O0.OO) Dollars
each, or per share, and which shall be
done in accordance with law.
] ARTICLE Z.
h The entire capital stock of this cor
poration shall be subscribed and paif
for, in cash, on or before the date OF
which it shall commence business.
ARTICLE 8.
| The affairs of this corporation slial
be managed by and be under the con
troll OF Board Of not less than sever
nor more than twenty one Director.
VINO shall be elected at the annua
stockholders meeting, which shall b.
held on the third Tuesday of Januar,
Of each year, beginning with the veal
l92l. The following stakeholder,
shall compose the first Board of Di
rectors: l.. NJ. Tooke, D. e. Brown
Jr,, j. X. Jordan, w. NJ. Deas. w. D
lruluck, ]. 3. Reynolds, w. ]. Muir
phy, Carl Golf, R. L. Taylor, R. P
oden, r. L. Williams, A. Anderson, N
A. Bridges, Joseph Dawidoff, E. H
Fisher, and P. A. Mcclure, all of whom
have their post-office addresses at Ar
cadia, Bienville Parish, Louisiana anf
they shall hold Office until their sue
cessors are elected and qualified. Sew
en- OF said directors shall constitute ,
quorum for the transaction of business
ARTICLE g.
The officers of this corporation shall
be President, Vice President, Cash
Ter and Assistant Cashier or Cashiers
They shall be elected annually. on thu
third Tuesday in January Of each year
beginning with the year 1921. by thu
Board of Directors elected on said date
by the stockholders, which Board shall
Immediately organize and elect said of
Ulcers.
| The first officers of this corporation
shall be L. NJ. Tooke, President; ] n
Reynolds, Vice-President w. NJ Deas
Cashier; and Carl Golf, Assistant Cash
Ter, who shall hold said Offices until
their successors are elected ACCORDING
to law, and as herein provided.
j ARTICLE 10.
i Meetings of the stockholders NAV he
held at the Office of this corporation as
l0ffen as the needs Of tho h,,s;noes no