The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-12-21
CHARTER.
CHARTER.

IHdopondoDo0
=: iss sssy !, Ss. sas
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sSs ss
s e a g, = ,Si:
sssss ssy ssrss md sisa ana
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spulsticas foiowins % WITS purposes ana under 'As
.As s. u TH ~ ;ss az ~ & as
ss9CIATIoN y shah y eonieled IN .Se eisy II New
"a esa have nd s,tey sHses.ie. y ss
ss .er ssss ST. the
r ssjsos shah be he aocnm and a,.su,,o,.,,
lasd sooisnt 70 enable the ssoekhodsss 70 build
q Noy 0sssns and also hat q csrro iss a.
they may deem advantageous
The neassrs Of shis Association must b resident.
:ns a .s.sy s4 %
The capital stock Of this Association shall b Five
IL nuar.s s s
liars s.ss ., The s'esh sha b paid folow. ara.
81
st psaS e ali
Sn adaea the shall amount to two hundred
In case aSTI sS.Ii v,s.o.
ssn or sss be
SUM nna for s zach neglect z.
%asss ssa
on h; .soeh who sh. nes,eo. pay the
S S ha "a Isosiyed loan shah additional sun Of
On s sain sSns Ths loan ha s.en
sSa be esarsss 20 h 10
si sysss By S.Iss "a
covered by prepay ment no nnes can DO levied. AS
Each stockhoder for each share Of stock that h.
hold In the Association sha DO entitled 10 receive from
the '0 o 20 we %Ssssrsl
e Fl
saars Of pssmu% in suoh msapsr The
A. :STs iasas. e
Per s amount lis snare. sss
be enssea TO IN oaa sa ON
o tho sas be
taking shall pay interest thereon ION
t0 per centum por annnm.
~, ARTICLE VII.
Whenever stakeholder shall be declared entitled to
MUM offered him the same and Jsors sossins
BY atS poss
saa t. t paid static be
ciPal taxes In Of failure to give satisfactory
date purchase, the interest together With all costs
and CHARGES or expenses attending the
and the money revert back to the Association. '''
ARTICLE VIII.
withdraw from the Association shalt be enssisd 70
receive from the II the dues actually
a
S AZ he
sss 30 rs1snasd to ssa sorro.es 'e ons
% ss1 sss
hs so Fl ss
r al in tho real toS.thss With ~ their inter
81
or and admsssa to III tho IsSs and III a saH
s n .aG t the
shall give months notice to the Of Directors
had received loan bis hsirs or Legal repre-
sentatvee Wishing to withdraw, shall DO entitled TO
thereon s sns
ages and his portion OF losses sustained
ARTICLE TX.
If the interest remains unpaid for ono yea ar the
Board of directors may compel payment of t,o princi
pal and in,s,oAt OF loan 10y ordering proceedings to
be ins!ituted the bond and mortgage according TO
law In this case OF sc"vsry Of Oaps bS ST ai Gss
shall be footed and usHrced causing uch
II the amonnt recovered eIoeed ho nominal loan and
interest for the time ,uch loan was used the excess
holder os having taEsa foam shall neglect Or refuse
his sG
shall receive from the Treasurer the amount Of dues
actually paid In BY him. without any allowance for In
erest first dedncting hneB and forfeitures that
DO charged kainst him and also potio OF all the
Der Of the Association.
ARTICLE \.
AL the corporate powers of this Association shall be
managed and exercised BY Board Of Drectors
OF thirteen stock holders. and majority Of whom
shall constitute quorum for the Transaction Of busi
meas.
The following named Renten on shall constitute the
drst Board OF Directora shall hold ofco
the second Monday of January 1874 until their
Mcssrs. Edward Sweeney Thos Q Walsh, II. Ber-
CHAM, John McCarcy John J. Finney, p. +. Cur.
ley. Martin A Alleyn. J. MAhoney. DIR. e. T. Shop
pard Thos McKerdrfck, T. A. Finney, a Leo and
J. I. OHoallie.
ARTICLE XIII
On tho second Monday OF January, 1874. and annually
election for Directors by tho stockholders
the Association shall DO held at tho office OF the said
Association; and plurality Of votes counting one
for each share Of stock voted shall be sufficient
this Association tho year preceding
shall be submitted to tho stockholders. failure 70
Aforesaid shall not dissolve the ABsocA
ton, but the President shan cause another election 70
be held within thirty days thereafter giving notice Of
the ssme IN daily newspaper pubisbOd in English in
New Orleans The Board of Directors shall have power
supply vacancy that may occur in their body by
death, resignation or otherwise
ARTICLE XIII.
All transfer ef stock shall be made the books Of
the Association In person or by PROXY bnt not Whie
Indebtedness tho Association exstB unlsss with
the consent OF the Board of Directors.
ARTICLE XIV.
No stockholder shah In any event be made liable be-
yond the amount Of his Subscription 70 the capital stock
OF the Association bic indebtedness 70 the same
NJ " ".