6623. Bank of Angie (Angie, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 8, 1916
Location
Angie, Louisiana (30.967, -89.810)

Metadata

Model
gpt-5-mini
Short Digest
94359341081600d8

Response Measures

None

Description

Articles (Feb 1917) state the Bank of Angie is in the course of liquidation by the Examiner of State Banks and refer to the bank being liquidated; no run or depositor panic is described. This indicates a state-authority suspension followed by liquidation (permanent closure/receivership). OCR errors corrected (e.g., liquidation bv the Examiner -> liquidation by the Examiner).

Events (3)
1. November 8, 1916 Suspension
Cause
Government Action
Cause Details
Placed in liquidation by the Examiner of State Banks (state banking examiner intervention); bank in course of liquidation by state authority
Newspaper Excerpt
the Bank of Angie, a banking corporation ... and now in the course of liquidation by the Examiner of State Banks
Source
newspapers
2. February 15, 1917 Other
Newspaper Excerpt
Bank of Angie in Liquidation Versus No. Police Jury of Washington Parish, Louisiana. ... It is therefore ordered, adjudged and decreed, that there be judgment herein in favor of the Bank of Angie, in Liquidation, ... in the full sum of $8000 ... It is further ordered ... that the Police Jury ... issue the necessary certificates to refund the judgment herein rendered in accordance with the compromise reached by it with the plaintiff herein, and ... carry out the purposes of the compromise agreement.
Source
newspapers
3. * Receivership
Newspaper Excerpt
now in the course of liquidation by the Examiner of State Banks under provisions of law in the state of Louisiana
Source
newspapers

Newspaper Articles (2)
1. February 15, 1917 The Era-Leader Franklinton, LA
Article from The Era-Leader, February 15, 1917

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Article Text

the southwest corner or the north of the section quarter west quarter 17-1-12 and northwest run- be ning north to the State Line discontinued. Carried. Motion made by G. M. Tate, seconded by Walter Green, that T.B. Roberts, be allowed to build 297 feet of bridges across Silver Creek on the new road previous. ly granted to him. Leading from the Franklinton and Osyka road and intersecting the Sunny Hill road, about two mifes of road. Carried. Motion made by Walter Green, seconded by J. P. Starnes, that the District Attorney be requested totake up with the Attorney General of the State and ascertain if it is possible to advance expense money to onr assessor during the year, not to exceed the amount allowed by law according to ths new Act of 144. Carried. Bank of Angie in Liquidation Versus No. Police Jury of Washington Parish, Louisiana. 26th Judicial District Court of Washington Parish, Louisiana. JUDGMENT. This case came on for trial pursuant to previous assignment the plaintiff being represented Ott & Johnson, Atat law, and. the torneys by Messrs. District defend- At. ant by J. Vol Brock, torney, and legal advisor, and the entire facts of the case were regularly presented to the court for its determination and approval. The court took occasion to investigate, carefully, into the compromise agreement reached by the Police Jury of Washington Parish, a public body, and the Bank of Angie in Liquidation, and, after viewing the entire offerings of the plaintiff, the old certiffcates upon which the compromise agreement was reached, and finding that the compromise agreement to be for the best interest Pollce Jury of of seems the Washingt the law Parish, Louisiana, and, and evidence together with the confession and compromise of the defendant taken into consideration, being in favor of the plaintiff and against the defendant. It is therefore ordered, adjudged and decreed, that there be judgment herein in favor of the Bank of Angie, in Liquida tion, and against the Police Jury of Washington Parish,Louisiana. in the full sum of $8000, together with five per centum per annum interest, thereon from date till paid. It is further ordered, adjudged and decreed, that the Police Jury of Washington Parish, c Louisiana, pass the necessary ordinances and resolutions, issue the necessary certificates to refund the judgment herein rendered in accordance with the compromise reached by it with is s. the plaintifi herein, and, it n directed to carry out the purg poses of the compromise agree8 ment at its next meeting, whethu er special or regular. and directed to take any other steps necd essary to legalize the refund cer e tificates to the satisfaction of the attorneys for the plaintiff. It is further ordered and ad 8, judged and decreeded, that after

2. February 22, 1917 The Era-Leader Franklinton, LA
Article from The Era-Leader, February 22, 1917

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Article Text

Police Jury Proceedings. (Continued from last week. A meeting of the Police Jury the Parich of Washington, in the State of Louisiana, was held at Franklinton, within the bounda ries of said state, at 12 o'clock in the forenoon of the 6th day of February 1917, A. D., at which F. meeting there were present: L. Sanford, president, R. H. Spring, G. M. Tate, T. D. Foil, J. P. Starnes, J. R. Leslie, Walter Green, Louis Crain, S. S. Thomas, T. B. Roberts and W. Banister, secretary, of the said Police Jury, constituting all the members of said Police Jury ex cept M. K. Pearce of the Fourth ward, absent. At this meeting it was found that said Police Jury of the parish of Washington had, on the 10th day of December, 1912, A. a with H.J. a and D., entered Cowgill, into contract resident citizen of the City of Bogalusa, said parish of Washington, Louis. a across up bridge iana, for the swamp construction to Pearl of Pearl river in Washington parish, Louisiana,crossing what is known as Peters Lake and Pushapattapa creek on the road leading from the City of Bogalusa west to ferry across Pearl river, which said contract was made in strict accordance with lawful ordi nances duly passed by the Police Jury. The said police jury further found that the said H. J. Cowgill has fully performed and execut ed the work required by said concontract and had constructed the said bridge in accordance with the plans and specifications set out in said contract and as attached thereto, and that the work had been duly accepted by the said police jury of the parish of Washington. The said police jury further found that the contract SO entered into by the said police jury and said H. J. Cowgill had been assigned, transferred, and set over by the said H. J. Cowgill to the Bank of Angie, a banking corporation organized under the laws of the state of Louisiana, with its domicile at Angie, Washington parish, said state, and now in the course of liquidation bv the Examiner of State Banks under provisions of law in the state of Louisiana; that all rights in and to said contract were now owned by the said Bank of Angie. The said police jury further found that in addition to the contract with said H. J. Cowgill the said Bank of Angie also was the a owner and in posession, for valuable consideration before maturity, of three certain certificates of indebtedness; numbered 1,2 and 3, and each for the sum of $2,483.33, payable Jan. 1, 1914, Jan. 1, 1915, and Jan. 1, 1916, respectively, each bearing five per cent per annum interest from Jan. 13, 1913, until paid, which said certificates were predicated upon and identified with the said contract of the said police jury and said H. J, Cowgill; that the said police jury of Washtngton parish was in default in the pay. ment of the said certificates, and that each of said certificates was wholy unpaid; that the said Bank of Angie on the 8th day of Nov. 1916, proposed to accept in lieu of said certificates of indebtedness other certificates of the parish of