The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-12-07
CHARTER.
CHARTER.

In the year OF Lord ono thousand eight hnnar.d
STATE. q America e. e the
n, %s .wT p. Jes,ru c.sTE: Notary Public IN and
@sa..sss and and e The
s. ss.S
he 'a st sa s
State they covenant. and bind themselves. and
porson 70 form smseve. into and Cor
stipulations following. to wit.
ARTICLE I.
shall 10 THE nns NE e NE
SCiATIoN II shall be domiciled in tho city Of New
Z sss and t. s an
the Prs.dsn. Sf he as The
ARTICLE III.
It's object shall be the accumulation and disbursement
or pu hsse for such real within the
city Of New Orleans and also that Of Carrolton as
The members Ct this Association must be residents
tutors and women in their own night A 'Af'0sa 'he'f
ARTICLE Nv.
Hundred Thousand lssooOoo) Dollars. divided int
hunarsd ssC shares Of tive hundred dol
q 60 sas each
shs s" Paid IN by y
s2oo) dollare for each shate.
ARTICLE ".
b oa,c anv shall neglect refuse to pay
80 esS on sas be
s: sss s. Or :ss
by e s .ss
SSsssy portion tho :ssss sA iSs
81 pay Which sss
effected Each and every weekly refusal neglect to
vance fos certain dine daring which pefica Il being Ing
covered by prepay ment no fines can DO levied.
ARTICLE
Each for each share stock that no may
the funds of the Association loan Of two hundred
5000 aollarsnle.s the premium offered Whenever
os SI Ss
III he 50 ~ With. as
M Ss a Ia
titled 10 sacesedng loans offered a. TIA. time
he sss
% s each
than thirty lsc shares. No ssooiSodsr .Sa be
entitled to loan who is in the Assoeation
Whenever stakeholder shaII be declared entitled to
loan OF loans he shall allow to be deducted tho pre-
a ct tho ss sn
ps FL for e rS aaS
date q purchase the interest together with a
title and searches shall be charged such purchaser
and the money revert back to the Association.
ARTICLE VIII.
se% Be- snssas
paid in BY sbe arst al Amos and
70
will be permitted to do SOL provided he shall have
the e the IL Of TIL, ,'eS
of the premium paid for every Of the said
1ssocission provided tSey shall Sase sold al their a
In
Sc s Of TO- .Ha Sy Of
and approved a. member Of the Association, and sub
o s s .sns an S nd
Tded always that stooEholders. Wishing withdraw
s1ss Upon the death r. Who
receive from the Association such deceased members
full thereon frat Aednctng his 6nes and
| ages, and his portion Of losses sustained
| ARTICLE TX.
e nor o
pal and any loan BY ordering proceedings
law In this recovery Of By lay. az anes
s Sn .IS To S and S
course of action to be pursued BY the and
interest for the time such used the excess
shall be given the defaultng party In case any stock
pay his weekly and fines for tho space Of
wear, such stockhoder neglecting TofusinR
shall receive from the Treasurer the amount of dues
actually paid in by him. without any allowance for In
dst deductinR All fines and forietures that
charged akanPt him. and also portion of all the
incurred and from that time cease to DO
Der OF the Association.
ARTICLE X
All the corporate powers OF this Association shall be
managed and exercised by = Board Of Directors
OF thirteen stock hodeVs. and majority of vhom
shall constitute quorum for the transaction of bust.
ness:
ARTICLE XII.
The following named gentlemen shall constitute the
Board OF Directors who shal hold their Office til
the second Monday Of January 1874. until their
shall be duly elected and qualified Directors
Messrs Edward sweeney Thoa. Walsh, z d. Ber.
mngham. John McCafrey John J. Finney, p. F. Cur
pSrd. Thos McKeGdrick, p. A Finney. A. Leo and
| J. T. O'Mesllte
ARTICLE XII
On the second Monday Of January 1874 and annually
election for Directors by the
shall be held tho Office Of the said
Association; and plurality Of votes counting one
for each share OF stock voted shall be sufficient
transactions this Association for the preceding
sha DO submitted to the stockholders. failure 70
elect aforesaid shall dissolve the ssociR
ton tho President shall another election 70
held within thirty days thereafter giving notice Of
the same in daily newspsf published In English In
to supply any vacancy that may In their body
death, resignation or otherwise.
ARTICLE XIII.
All trannfer Of stock shall DO made tho books OF
tho Association in by proxy but not while
ARTICLE XIV.
No stock holder shall in any event made liable be-