The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-11-30
CHARTER.
CHARTER.

STATE OF ho Low a a. OF ORLEANS,
Re- known, that on this sis:snsh day q ssp.smsss
he s
s.s 81 s asy in
:ns and IL the
sras
relative to the organization Of Corporation. this
s
porsaon 70 form Il emseivos into and constitute Cor
stipulatons following. to Wit:
ARTICLE I.
isis
ISOLATION: It shall be domicied in the city Of New
l,ms for twelve year. Ss
officer upon whom all citations shall DO served
I.a ohso. shall be the and disbursement
rssn. sH ,.s % the
they may deem advantageous.
ARTICLE III.
Tho members e this As.osistOn must DO resdsnts
tutors, and women in their own night.
ARTICLE W..
Haas.ss TSosssnd asseeeo poiisIs sivias q mt
ps
payment Of atty go cent: on each share and every
sssh .ssrs 81. rssSod = p.y..s . ees;
nSS until ss,d The su% paid in By With Al
isao6, dollars for each share.
ARTICLE ".
psysSis saah ssoeiSolssr p.siessins o. !siu:.ns
ss,: $500
e
o.
ss Or e
account These fines may be avoided by payinG in I'D.
covered by prepayment NO nnes can be levied.
ARTICLE
tho
the funds of the Association loan Of two hundred
s ssail Be- aisposed osriD9
s o
titled succeeding loans offered at that time at the
he shall 1aas
s 70
more than thirty 90 shares No seoih Tho sha be
loan, 6y Weekly payments at the rate OF eight
Whenever .soesaoiasT .sa q declared entitled to
sssed Elm for the same and 5scss
same he sh. SECURE the paye1s Thereof to The
Of DIRE Insurance 70 the 1ssociation and there b
III for 81 e aad
security for such loan within three months from M
"a tho
to
from a. ' e .s.
~ hs II Of
and portion 81 ALI osses Incurred Any :toeiSsids
o. o Grs S1a Ss' ss 70 naS
p.ia "a Io.n: xsos e ny ds :. Any time ..a, .
sss
ton, there shan DO refunded to said borrower ons
RpS
o will sss b .ss SsyS saS If
s.ssshsf Via 81 shsIE late
81
and sd%itssd to ali the rsSss and aSii
sss tic to
shall give months notice the Bosfd Director
or Of
eenta,ivss, wishing to withdraw shall be entitled
full interest thereon fret deduotnE his fines and AREA
: ases, and HE portion of losses sustained.
|. ARTICLE TX.
l. II the Intercept remains unpaid for one year: II
be instituted on the bond and mortgage according
ferfs.afss Interest. g,insipa And legal cos,
# the amount exceed the nominal loan
.hs Ss given the defaultng party any stool
holder having taken loanj shall neglect refus
pay his weekly indictments and oes for the
ono year. such stockholder negiectiDR refusing
shall receive from the Treasurer the amount of due
actually paid In bv him. without allowance for II
tsrest Ieducting AL foes and forfetures that
be charged against him, and also portion Of all tn
Losses 1curPed and from that time to be mon
| Der OF the Association
ARTICLE X.
All the corporate powers OF this Association shall
naaaged and exercised by Board OF Directors.
OF thirtoen stock hooers. and majority OF ho
y shall constitute Q1orum for the transaction Of bus
ARTICLE XII
The following named gentlemen shall consulate I'll
frSt Board Of Directors. who shall hold their office
the second Monday of January. 1874 until their
shall DO duly elected and qualified Director
i, miagham. J0hR McCafrey. John j. Fipney, p: f. Gu
IN | pGrd, Th0a. McKendrick, Il. A Finpey. A Leo an
70 J. T. A OAeAllie.
,. ARTICLE XII
On the second Monday Of January. 1874 and pail
thereafter election for Directors by the
Association; AID plurality OF votes counting on
vote for each Of voted shall be sucer
to elect and this meeting detailed exhibit Of h
transactions Of this Association for the preccdin
shall be submitted TO tho stockholders. A failure
elect on the Aforesaid shall dissolve the AssOc
ton President shall another election
be held within thirty days thereafter giving notice
the in daily Newspaper published In English
New Oreans Tho Board Of Directors shall have pOws
70 suDply VACANCY that may in their body
death, resignation or otherwise