Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-02-17

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 . 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 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
ative to the formation Of corpora
tions for the purpose Of banking, and
Act ITO Of 1902, and
thereto, they have as
sociated themselves togsther, 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 I.
The name assumed for, said bank
ing corporation and 10 be used in its
dealings shall Be Citizens Bank of
The banking business Of
said association shall be carried on
In the Village Of Newellton, Parish
Of TensaS, State Of Louisiana, and
the domicils Of said corporation shall
be the said Village. Of Newellton.
- - ARTICLE II
The capital stock Of said ccrpor-
alton shall be Twenty Five Thou
sand Dollars ($25, 900. .o0) divided
into Five Hundred (500) shares Of
Fifty Dollars ($50.00) each, p.yable
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 md au-
eherity 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 shah have been no
default in the payment Of the in
terest for i've years preceding the
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 lcgis-
lation On the same subject; and-to
exercise all incidental powers nee
essary to carry on the business; to
have and enjoy suggestion by jts
name f6r.s. period If
fifty years from the date of this act.
and By that cooperate name lte. sue
and be sued, to plead and be i'm
pleaded, appear, answer and prose
cute in any and all courts OF justice
and elsewhere. -D- - -. -.
To hold, receive, purchase and
convey, by and in its corporate name
such property, real and personal, .,
may be Indispensable TO the objects Of
this association, and the real estate
which this banking asepciatiop mal
lawfully purchase. hold and convey
shall be,
~ Such q shall be .nscessary fol
the proper transsetion os its bpsi'
ness. ..ss .....s..g7
. 10 Such as shall hays been mort
sagsd . i IN COED faith .l as .se
scurity for .loans. .t.,
40 tsl sueh !. sbsn have been con
veyed to It in satisfactiop ID, debt
previously eontfactsd bohs Ads i
the course of ifs bnsineSs ~
=; (zp Such :, # may pllx we .
sales. under judsmsnts of HSf lSe|
held by itself, !. o. in Which ,.& pa,
have an interest by being ipRipite'
to rights according To- Aff0,es No
2161 Of the Civil Code.
To make, alter and pse, c6rPdr
ate seal. which shalt be 6f the. fpl
|.lovins description, and de4efihed =
follows. to-wit: : 4
To, consist Of two concentric Gl
cles; between the outer and inne
circle to be the words, ct the tcp
"Citizens Bank Of Nswelltons - I
the bottom: "Newellton, La" With
the inner circle to be . pelican. feed
ing her young, the scales and motto
"Union, Justice and Confidence"
To name and, appoint such mar
ayers and directors to administer th
affairs Of the corporation. - ma
be necessary and proper and to a
the compensation Of al persons |
its employ. provided al the managel