Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-02-24
Act of Incorporation
CITIZENS BANK OF NEWELLTON
LOUISIANA.

State Of Louisiana,
Parish of Tensas.
Be it known and remembered, tina,
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 qualified, and in the pres,
ence of the witnesses hereinafte,
named and undersigned, personally
came and appeared, the several per.
sons whose names are hereunto sub.
scribed, who declared, that avail:np
themselves of the provisions of the
laws of the State of Louisiana rel.
ative to the formation of corpora.
tions for the purpose of banking, and
especially Act 179 Of 1902, and
amendments thereto, they have as.
sociated 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 a corporation for the
purposes, and under the regulations
and articles, herein following, to-wit
ARTICLE l.
. The name assumed for said bank.
ing corporation and to be used in its
dealings shall be Citizens Bank OF
Newellton. The banking business Of
said association shall be carried on
in the Village Of Newellton, Parish
OF Tensas, State Of Louisiana, and
the domicile Of said corporation shall
be the said Village Of Newellton.
ARTICLE III
The capital stock of said ccrpor-
alton shall be Twenty Five Thou
sand Dollars ($25.000.00) divided
into Five Hundred 5000 shares of
Fifty Dollars ($50.00) each, payable
in specie on demand Of the Board
Of Directors according to law.
ARTICLE III.
The objects and purposes for which
this corporation is formed is to carry
on a general banking business in all
Of its branches and departments, and
to that end shall have power and au-
thority to receive deposits, to dis
count and buy and sell promissory
notes and bills Of exchange and
other evidences Of indebtedness, gold
and silver and bonds Of the United
States, and of this State, and of the
several levee districts Of this state
and Of the municipal corporations on
which bonds there shall have been no
default in the payment of the in
terest for five years preceding the
acquisition Of the bonds by the
bank; and generally to possess and
exercise such powers and privileges
as 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 lcsis-
lation on the same subject; and to
exercise al incidental powers nee
essary to carry on the business; to
have and enjoy succession by it,
corporate name for . period of
fifty years from the date Of this act,
and hv that corro-.t. r.r. - .r.
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