The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-09-21
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CHARTER.
STATE OF LouIsIASA-PARIsH OF ORLEANS, }
CITY OF NEW ORLEANs.

STATE OF LouIsrASA-PARIsH OF ORLEANS
CITY OF NEW ORLSANs.
be il known, that on this eleventh day Of September
in The year of our Lord ono thousand eight huSdrsa
Units States Of Ameriea the netS m
Tor the Parish Of Orleans state Of Lousians duly
missioned and qsal aed and in the presence OF the
Ss Is s
relative to the organization Of Corporations in this
tnose who NAV hore.f,cr become mSmbsIs Of This
p"ragon to form smselve. into and oona.tut" Cor
stipulations following. wit:
ARTICLEI.
shah Th's 5. 'h ThE sE% az s # ME- h
ISOLATION: II shall be domiced in tho city OF New
aud b.
the President Of the As.ooiaIion designated as the
officer upon whom nl citations shall DO served
ARTICLE II.
object shall be the and disbursement
OF fund sufficient to enable the Stock h"de's TO build
for elves such real eatate within the
city of New Orleans and also that of Carrollton.
they may deem advantageous.
ARTICLE III
The mtmbsrs of this Association must be residents
Of Lousiana Minors may hold stock through their
ARTICLE w.
The capital stock of this Association shall be Five
Hundred thousand ts5oo,ooO) Dollars. divided into
lars each The stock shall be paid as follower A first
Of 20 on svs or aea
1851 cents on each share; ths paving
profts added ,he eto shall amount to two hundred
| 5000 dollars for each shave. A
ARTICLE v.
In case any stockholder shall neglect or refuse ~
payable such stoakholder negleetine or ref65tbG
s Neglect
weekly portion Of the interest each share for whcl
81 hare loan
ted ss Ts Ss Ss nsSs s
9a BE Ss by 4
covered by q prepayment no fines Dan be levied
ARTICLE VI.
Each stock holder each of stock that he
hold in the Association shall be entitled 20 receive fou
the funds of the Association loan Of two hundred
esaco) dollars-less tho premium offered. Wheneve,
sSs
highest voluntary premium In such Iaa1per az th'
any or plurality shares paiiDl
II % cs1.S e. s ss
/. sS f1 ns
sRs sans Nc esf E
G
Wsy
~ per centum per annum.
, ARTICLE VII.
Whenever a stockholder shall be declared entitled
MUM offered by him for the same and before receivin
the he shall the payment thereof TO Oh
Of fire insurance Articulation and If there
due receipt ess 70, p p99 az
security such loan within three months from tn
charges expenses attending the examination
! and the money revert back TO the Association.
. ARTICLE VIII.
! Stockholders having taken no Loan and Wishing +
receive from the II the dues actuall
paid in by them first deductng all fines and
having taken more loans DE- "rinS to ~ithdras
w be ed S no no no. do at
case the repayment thereof before The expiration
ton there snail DO r. funded to said borrower on,
of Ps PAID for
taken loans will also Do to ora III IRON ,bs
1 th5 r@a With
eat the Asancia ton and that their vendse In suc
Of the Sor %I' Of @ snail
and approved as OF The rd IIn III
ties of tbs retiring member in aud TO tho same pr
M one to o Of
of such intention Upon Tho death Of niGer "
septa.iveS wishing 10. withdraw. shall DO entitled
T.GT,SS leon , S"% st his and
ages, and his portion of lossea sustained.
ARTICLE IN
II the interest remains unpaid for one year. II
Board Of directors may compel pay OF tn" primo
pal and ct any loan oy ordering proceedings
law In THIS of of loans by Law all nne
fprfturts losses, inteIebt principal AMI legal cos
shall be up and charged to the party causing
course to be pursued by the rrociatlon AT
ot If the recovered exceed the nominal loan NJ
'. interest the time ruch loan used, the exec
shall be given the eaultnE party In esse any Is9a
70 pay his weekly nstalments and fines for the space
IL one W ar rtOckhOlder negectiDg Or Teiubln
shall r. ceve from tho Treasnrer the amount of du
X actually paid In by him. without allowance for
deductiHI al fines aud offeltures that IN
be charged aLaiDst him, and also portion Of all q
losses incurred and from that liUe cease to he mel
o the ASsoctHtiOu
h ARTICLE y.
IN All the corporate powers Of this Association shall
managed and exercised by Board of Directors 10 90
nist of thirteen stock h"ldrs. and majority OF who
shsII constitute quorum Tor the tsnsaction OF bu
ARTICLE NI.
- The following named gentlemen shall consulate
frat Board who shall hold their cfice ub
tho eecOnd Monday January ie74 until heir 81
essors shall be duly elected and qualified ~ Director
MessrR. EDWARD sweeney, 1hOs. Z Walsh, u NJ b
ningham John Met afIey John j. Finnsy, +: r. @