New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-11-19
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CHARTsR.:.Y,r Z .r.:a.1,..,.,, Il, :cnA s1HR.
ulIy1Dr aGIAIlsY Of a le!a1CA 10 eTATR OF
! LOUWIANA,dHAkIm ~ 0n1KAlA, CRY OF

~, q .s.Aiaea tss. - i..s' ...T e 4
h in ~ yef q or i4 q sns
tie y tSs uaised sssss. sSs .isst
public duly cSdlpnissiosed and sworn, a and 1Sr
the parish and city aforesaid, therein residing and
2 s1e c "a
Aessrs. Jeee Antonio Fernandez, Octave Hopkins,
Antoine p. voisin. John J. G3d$tS Chefles J:
Gabriel de Ferret, alr fesdfng Id the paFinh and
city hforeeatd, and gAaso the several other
Who sevesnilv SecisrSS ~ aettSssr tSSsssIvss,
Of the general pfovisionsOf the laws d th State
concerning the cfyanisAtien q eespssattsn6, they
selves, and that they do, BY tke6e pEeses f fofm
and constitute among themseltes, and such 6thers
= nay hereafter become a:ssc,sssa with them y
ciatiOn, or by purchase, transisf o. successton,
Ioss!ans PrsviSins or She srssns.sss s ' 4 cor
pofatiops for worh Of PubliC psOvenient and for
Ssher thy o. hereby declare the
ter Of said corporation HFfi1 sr'rf1.76 I'D Z
~ ;Si'ie ,lato Ap,,Cr f'e s''ss 7 ''fa ,
kscr1ox ]. TIE name, style and title Of said cor.
p0fafion shall be THE NEW ORLEANS CREDIT
foNClEk AeHO0lAT1OM, and the dvhsicile Of the
New orleans .i'' 20 'A' ING ' ''sy "
SIC. 2. 1t shah commence business a. coon - one
scffbed for and shall exist fbf TWENTY-FIVE years~
from theate Of this net nnlesS ito afbirs si,onld
consest Of three four3hs Of an the stoef Of ia
assOciation, at any general meeting Of the stocks
h0 defs thereof, to Ge convehed for that purpose
published In the city - New Orleans. . -a3i
f, Gsc. s. It shall hsve seal. and the device upon
the same shah be the coat Of afs Of the state OF
Lou sixna, with the name Of the segregation Ard
the date OF this act upon The margin = y b ~
SEC 4. The president Of fhis' association. or, in
the proper officer on whom citati". an1 All Other
legal process may be served F'f ,s1- I;1I5G II
! - ~ s'as'5.' = ...s i.i - .s1Hners 10 sot
f9a7Ge a;-w IL ARTICLE II. ~ o7ass 10 r. -
The object and purposes Of this association are
declared 70 be the fofiowing, to Wit: - purchase
in the name and for aocOunt Of esid association
lands within he limits of the city of New ()rieane
to subdivide the sames to build upon and improve
such manner Is to AFFORD homes to Dersons of re-
strcted meansl aud TO ENABLE then to become
owners thereof by making ANAL monthly nav.
the value Of the property, and in order to facil-
tate the payment 81 the purchase price, granting
them 2 cled1t 81 not less than i've and not
any GOOD, solvent snd responsible owners 81 hands
IN THE city, and whenever corvenitn mt and advie.
lsade for accOunt ofasaid owners ON the terms and
c0nOuene lere1na0Ove granted to the purchasers
o1 properly Deiong1nS 70 said association. 't-
- ARrrCtr rtr -.-.-. e. s''t:su-.
no
cBCi1oN l.. Ine capital stock Of the sasd aesoci.
~ Iolla
CREASED =, one ,ill;c So,,srp - ~ Dc nm
vied Tor in section two Of article four IA h. Iii
for hv The sulscrers n hi. sss"cS sin, ~
wenis mot r1ceednr ten mr. cs~t ~ IN y y M al
in the n amer hereinaff+r nrovi1iea fsr = - -
SIC o. Ten per cent 81 each share Of the stack
sn6scred for shall h raid caah To- tina ~
III. aasas;or ~ ~ rns ~ ~ - s ~ ~ ". =.
shah determine. and ten uer cent additicnas shali
b. rai6 cssh fach. and sverr
scri6ed or. '-rf Fly ''"' -e '
leEC 3, No certificate Of stock shsll be famed
unit! the same is paid In full boon o ~ "a
SIC T. The Association ehall commence its
operations when. one hui,drsn 1honsand dollars
have been subscribed for and the two first INSTALL
msnts paid. ~ ts,ttasi.7ss e
nav any installment as prOvid for in section two
this article after due notice BY the secretary Of
this association. and without fa,ther putting in
flushing to pay, aud all interest and benefit apper.,
tanning to the same shall be forfeited to the said
association Nevertheless the hoard Of Directors
may txtend, and they are hereby anthOrized to ex-
tend. the term OF payment of any iustalnent due
and called for, should they deeAl it proper or ex
the illstalment due. - - -. = - -
Ia nAprtrrru Iliaa 49,,
SECTION l. At the end Of each fiscal year, which
10 hereby liked on the thrtieth day of September
of each and every year, the president shall cause
sociation and shall cause the same to 10 pnbshed
in two vi the newspapeFs Of this city for one
and Of each and svery seal wear ther.after Gvi
dends from the net profits Of the association shsll
Ss paid in the ,Gllo manner TO- %T Ten
Of said profits shall be divided pro rata between
the stockhOlders aud scrlps Will be issued to each
Of the net profits ~ l..z ...-9I 3. ...ll III
SEC. 2. Whenever the scrip to be issued by the
az aforesaid shall amount to the CAPT
stock shall he made, and for every ftv dollars OF
scrip one new share shall be issued and the certifi
cate for the shall be delivered to tho holder
holders of said. scrips ON their returnnU tn fho