The St. Mary banner., 1922-11-25

STATE OF LOUISIANA,
PARISH OF ST. MARY.
BE IT RENDERED., That on
this 10Th day of October, A. D..
1922, before me, L. J. LeGendre,
Deputy Clerk and Notary Public,
duly commissioned and qualified, il
and for the State and Parish afore-
said. IN the presence Of the witness
ses hereinafter named and under
signed, personally came and appear
ed the several persons whose names
are hereunto subscribed as stock
holders, who declare that, availing
themselves Of the laws Of the State
of Louisiana, in such cases made
and provided, and particularly those
laws relative to the organization Of
corporations and banks, they have
covenanted and agreed and by these
presents do covenant, agree and bind
themselves, as we'll as such persons
as may become associated with them,
and their successors, to form, ordain
ard establish a corporation and body
polite in law, which shall be d
banking corporation for the purposes
and business, as herein set forth,
and otherwise provided for by the
law, with all the powers granted to
such banking corporations by the
laws of the State of Louisiana which
row are in force or which hereafter
may be enacted, and under the fol-
lowing articles of agreement, to-wit.
ARTICLE I.
The name and title of this corp
oration shall be:
TECHE BANK.
Its domicile and principal place OF
business shall be in CENTREVILLE,
PARISH OF ST. MARY, LOUISE
ANA. 1t shall endure and enjoy sue
cession under its corporate name for
a period of ninety-nine (99) years
from date hereof, unless dissolved
sooner by action of its stockholders
as provided for herein, or otherwise
terminated in accordance with law.
All citations or other legal process
ses shall be served on the president
Of this corporation and in his ab-
sence on the vice-president who is
acting as president, or in his abb
sence on the cashier, or as n'l or
wise provided for by la'- ~
ART'~ IT
Ii.
LIZ OBJECTS ana purposes for which
this corporation is established are
hereby declared to be that OF con-
ducting a general banking and saw
ings business in accordance with the
laws of the State of Louisiana anu
particularly Act 179 of 1902 and the
amendments thereto. 1t shall have
mower to sue and be sued; to appear,
answer and prosecute in all courts
of Justice; to make any and all con-
tracts and transactions necessary or
incidental to the conduct of its busl-
ness, and in general to exercise all
the rights, powers and privileges
granted to such corporations, or not
prohibited, by the laws of the State
OF Louisiana which are now in force
or which hereafter may become en-
acted. This association is authorized
to make and use a corporate seal
which is hereby described as follows:
Pelican and brood in center, with
Teche Bank, Centreville, La. IN
margin; and this seal may be alter
ed at the pleasure of the Board OF
Directors of this corporation.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at TWENTY
FIVE THOUSAND (S25, 5,OOO.OO)
DOLLARS, divided into TWO HUN
DRED AND FIFTY (250) SHARES
of the par value of ONE HUND-
RED ($10O.O0) DOLLARS each, but
the same may be increased or de-
creased by amendment to these Ar
ticles in accordance with law. The
said bank or company shall have a
surplus of FIVE THOUSAND ($5,-
OOC.0O) DOLLARS, to create which
each subscriber, in addition to the
par value of his stock, shall pay
TWENTY (S2O.0O) DOLLARS per
share for each share subscribed By
him. One-half (h) of the subscribed
capital and surplus shall be payable
at the time of the signing of this
charter. and the corporation shall be
authorized to commence business I'M
mediately. The remainder of the cap,
ital stock and surplus shall be paid
up within NINETY (90) DAYS from
the date of this charter on the cali
of the Board of Directors named
herein. Shares of stock of this cor
poration shall be represented by GER
tificates signed by the president and
cashier and sealed with the seal OF
the corporation. In the absence of
the president, they shall be signed
by the president who is acting
as president, and in the absence of
the cashier, by the assistant cashier
or other person acting as such,
Transfers of stock shall be made
only on the books of the cnr--
and under such rules "a, IN raonlafions
as its Board o. Directors NAV pres.
cglbe. no stockholder of this corpor.
alton shall ever be held liable fol-
any of it's faults, debts, or obliga-
tions, beyond the unpaid balanc,
which may be due On acennnt of his