Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-03-24

CITIZENS BANK OF NEWELLTON,
LOUISIANA.

State Of Louisiana,
Parish Of Tensas.
Be it known and remembered, that
on this, the 18th day Of February,
A. d. 1922, before me, E. F. Newell
dy. Clerk Of Court, and a Notary
Public in and for the Parish Of Ten
sas, State Of Louisiana, duly commits
stoned and qr:lifed, and in the pres
ence Of the witnesses hereinafter
named and undersigned, personally
came and appeared, the several per-
sons whose names are hereunto sub
scribed, who declared, that avail:ng
themselves Of the provisions Of the
laws Of the State Of Louisiana rel
alive to the formation Of corpora
tions for the purpose Of banking, and
especially Act ITO Of 1902, and
amendments thereto, they have as
ISOLATED themselves together, and
have covenanted and contracted and
by these presents do hereby covenant
and contract, both for themselves
and for those who shall hereafter
become associated with them, and
hereby bind themselves into and form
and constitute q corporation for the
purposes, and under the regulations
and articles, herein following, to-wit
ARTICLE I.
The name assumed for said bank.
ing corporation and to be used in it,
dealings shall be Citizens Bank OF
Newellton. The banking business OF
said association shall be carried on
in the Village Of Newellton, Parisl
Of Tensas, State Of Louisiana, and
the domicile Of said corporation shall
be the said Village Of Newellton.
ARTICLE IL
The capital stock Of said corpor'
alton shall be Twenty Five Thou.
sand Dollars ($25, 100000 divided
into Five Hundred 5000 shares Of
Fifty Dollars ($50.00) each, payable
in specie on demand Of the Boarc
Of Directors according to law.
ARTICLE III.
The objects and purposes for which
this corporation Is formed is to carr,
on q general banking business in al
Of its branches and departments, am
to that end shall have power and au
thority to receive deposits, to dis
count and buy and sell promissor!
notes and bills Of exchange an.
other evidences Of indebtedness, go]t
and silver and bonds Of the Cnite(
States, and Of this State, and Of tn,
several levee districts Of this stat'
and Of the municipal corporations OF
which bonds there shall have been NJ
default in the payment Of the in
teiest for FIVE years proceeding tn
acquisition Of the bonds by tn
bank; and generally to possess ont
exercise such powers and privilege
rs may be conferred by any exist
ing laws Of the State Of Louisiana
on the subject matter, or may here
after be conferred by further lcgis
lation on the same subject; and t.
exercise all incidental powers nee
essary to carry on the business; 4
have and enjoy succession by it
corporate name for period O
fifty years from the date Of this act
and by that corporate name to su
and be sued, to plead and be i'm
pleaded, appear, answer and prose
cute in any and all courts Of justic
and elsewhere.
To hold, receive, purchase an,
convey, by and in its corporate name
such property, real and personal, q
may be indispensable to the objects o
this association, and the real estat
which this banking association ma
lawfully purchase, hold and conve
shall be,
(1) Such as shall be necessary 70
the proper transaction Of its busi
ness.
(2) Such as shall have been mort
gagged to it in good faith as sc
curity for loans.
(3) Such as shall have been cor
veyed to it in satisfaction Of debt
previously contracted bona fide j
the course Of its business.
az Such as it may purchase a
sales, under judgments or mortgage
held by itself, or in which it ma
have an interest by being surrogate
to rights according to Article NJ
2161 Of the Civil Code.
To make, alter and use a corpol
ste seal. which shall be of the TO
lowing description, and described q
follows, to-wit:
To consist Of two concentric eli
cles; between the outer and inne
circle to be the words, at the tor
"Citizens Bank Of Newellton;" 9
the bottom: "Newellton, La" With
the inner circle to be pelican feet
ing her young, the scales and motto
"Union, Justice and Confidence"
To name and appoint such maj
ayers and directors to administer Ii
affairs Of the corporation as ma
be necessary and proper and to f
the compensation Of all persons
its employ, provided all the manager
and directors are citizens Of the Sta,