New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-28
CORPORATIONS.
1 .hAhTER.............. ........CHARTER
STATE or LOUISIANA
PARISH OF ORLEANS. CRY OF NEW ORLEANS

eighth. before me VII! am Josenh C,s.ai a na+a5,
III ,;.iu ior she parish OF Orleans, State of
Eo1-staila d'iIf commissioned ami qualified and in
the presence OF the witnesses beie;naI-ar namad
aIi sntes . s.iea personally came and appeared
| .le parties WAose names are hereunto subscribed
| who declared that availing themse YES ~ ana
p,ov'soA' 81 me stslutes of Louisiana rela-
III this state they covenant arrae AMI b;n1
themselves anu those who may hereafter
!-'ome members o. this corporation to form IN
selves into and :onstt':te corporation f,r ths
chects ia'' purposes an! Eadeg the stia .!..ons
ts..cvlas. 20 VIII:
:hat :he name, style AMI title of thi. cofpnra-o,
.'!.,!i D. TIE NEW ORLEANS HOMESTEAD ASS9.
| 'iATiOS. IL shai! DE dom.c:ed in the city az New
| orleans and have and eriDv succession IN It's cor
| oo-ate name for twelve wears II NAV sue and be
| s.ei and -Ae president OF the association il iesg
! mated 40 he Office. upon whom citation shal be-
| served.
ARTICLE II.
II. cbec. shall De She ac.umul alton AMI d shllrse
meat o; i1Ai sufficient 20 enable the stockhnl iers
| 70 on! d or purchase tor themselves, such zeal ed
tate within the city o! New Orleans an also that
! ot..r-ol.toni as they may deem advanta seous.
ARTICLE III
| r. members of this association must be resi-
| ;en'S o: Louisiana. Minors hold stock
.atousH 'Ae.: tutors and women il. their own
ARTICLE w.
| IN. .ar:s. sock OF :hls ASSOCIATION shall be
NE h1Aiir: thousand dollars, divided into $500
| sta--s Of )! @J eac,. The stock shall De paid AZ
| io.t'". 4 hrs: payment of fifty cents each
| share, AID every succeeding week thereafter d
pay meat o twenty-five cents on each sh.Ge; .hiS
method o: pa".ng TO continue until the sum paid
| N ,v .ns,aments, with all profits added thereto.
! s.i. anloaDt 20 s 700 Tor each share
! ARTICLE V.
| In case any stakeholder shall neglect Or refuse
20 pay rs weekly ustal.ments often the
same shall! be pa:abi. such st0ckholder SO -.lect.
III, or refusing shall! forfeit and pay tor each
! s-c: or refusal, an additional sum 81 iv. .euts
! tor each snare OF stock i.y him held. Any stock
holder having effected loan his stock who
shall n"c.rc. or refuse 70 pay the weekly portoE
OF the interest each ahars for which h. has r..
.e!ved a loan, shan pay an additional sum of i've
tect.d Eacl, and ever. weekly refusal or .legact
70 pay MS ustalmeu. g: interest shall % charged
paving IA advance 70: ..rtdin time, during whicG
p9s:od- Il ben. covered b prepayment. .G n.es
| c.tA .. .ev.et.
ARTICLE VI.
Each stockho.ier. !ot each share OF stock tha.
ne ma? h>!d n tAr association shall be entitled TO
,nt rom .e IuNus o. t,e assocniona loan OF
s-pt-"ss the premium offered. Wheneve. che
funds N :he treasury shall. warrant one mora
loans sha BE- disposed Of to the stockhodeg offer.
| ing The h!shss. voluntary premium III suCl. mag
| ;er a. :he Board OF Directors may det.rIni:r.
sAou.d he 50 wish. any stoekhoder having p.r.
vanity 0. shares, by making the same known at ths
c;lne OF Offering. shai. be entitled succeeding
oans Offered at that time, at the premium
.oat 20 The i. amorIt his shares entitle him.
provided ne shall no: receive more thal 10 loan
on each snare No stockholder shall be EMIT I'd rp
loan or than tairty shares. No stockholie.
shall be entitled to a loan who is in arrears 20 thty
association STOCKHOLDERS taking loans shall pay
u:ercs. :aereon ton nominal loan by weeklr ..y,
meatS a. .le rate .: eight per cen!um peg aaIIum.
ARTICLE VII.
Whenever q stechho!der shat. he declared: en,:.
..ai 10 a loan or loans Ne shall allow .. De Ao-
Quoted Che premium Offered bv him for tn. same,
and before .s.eIvlng the same he skall secure .ha
Payment thereofto the association by ac' OF
gage aud transfer policy OF lire insurance 10 .he
ASSOCIATION and il there be- any due a receipt tor
PAID up state parish and municipal taxes IN
loan w;.hin Tire. months from the date OF. PSF
chase 'h- interest. to2ether with all costs an.
$ 81 A. a. ls1tEt NM.
.Aases, a!d IA. money Fever: back to Ia. as5o..l
ton.
ARTICLE YIN.
S:Ock'6'ie;. having taken no !oa, an. =. s',,n.
20 " idTaw from the a,s'". aon; shat. De emit.
:" receive from .he treasurer the amount OF .il-a
aetna, paid IL bv them is. detuctiu. a.. .aea
ans. t,r.etures aad portoa Of all losses .!ct; SEQ!
ANY 't"cki.r!t.r having taken one nr mo.e .,lus
iesi!ln, t. Withdraw vii. u. permitted 20 ts 40
provided lie shall aa". repaid said loan w.., ne.
NAY do ~ any time. and III case OF the r.parmcn.
thereof 1-for. the expiration ~ In. .,..ir. YEA.
after -i1a organization .. thi. ASSOCIATION. .h...
.li!l be- refunded" sad borrower one.-w.t.!,a!
.h- ;.rnl,.,n pad :o. .veEv one o. in. said ,v.v.
v-.y. .!el. U.eGn.ef. Stock.o,d.rs hlva. .x.o
loan. via also be permitted to withdraw FROM tht.
as.ocia: on provided they sai' nave so,. . .,,i-
i,l:.:e. II. t.c real estate toye.he: witt. all :..ir
:u-tE. - n tle association. AID :ha th.l- aIe..
such -ai.. shall nave applied TO- am; 81 VOTE.
OF majority o: the Boar. .: Directors $40. have
been admitted. and approved q men.te. ~ the
oc.at.cn and substituted ro., am. adn.;t.e5 70
81 :Ae --:s a.! liabilities o: the :e.I..a: moss.
he: 10 the SANE; provided, ...sg. .l,a.
.ccAhol!er. wishing to W thdra" snail give ,n.
Iate'.tioa. .pon the 1e.t" OF a meinHe: vh, h~!
no, '"'.."r'! a oan o. cans, Uls srrs ~ ie.!.
representatives., Wisin: t" vI:!.t.s't sh ~ ..
;r-d 70 receive from the .ucI. de.
ceased members I'll in...-.s th-reo.. -!r.. d..
Quoting ~ t!ae. and a-'-arages an! il. .,ri.oss -
ARTICLE *.
If'.- 'n'e:es' remain. unpaid Tor one geo. IA.
Board 81 Directors may compel payment ot ..a
;:iuclp.! ami interest of loan hv oiderg, ,,rp
IS 20 b, institute! III. bo,.d and NOR ,a,.
ac."ro!ln; :. ..w. In 'hls cas-. OF recovery 90
principal ana legal costs shall te .o.t ei -. anil
charged :" 'he part causing such course q ..to.
amount recovered .x..-! the nominal l....o:
interest tor .he TINE such loan wa. used IN. 81.
any stakeholder Gao: having taken. q loan .his
mcgee: or :rtus" 10 pay his weekly il.staiiN..ts
ina fine. :o: cAe space Of "n. yeas, such .coc.
A"er so he-leetlng or refusing, shall rs.e - rome
..e treas rer '.e amon. -: due. actually PAID an
hv Inn, "..hou' any allowance cor stere5. :irs:
d"i.c:.:.I al :aes and Forfeiture. that may ~.
4 gel against and ais. porto, of all ~.
.5se. Asur.e! and 'roa tia: time cease Il. =.
III. Ii! De: -; ;.!e association.
ARTICLE <.
Al 'A- CORPORATE power. 81 the As4o. a. ~ ...s
.. man. .-d an! ex-r.'se'. by Board o: Dir".t...
.,cpa.-. OF '!-.:.ee.. stockholders, and a INA. ~.
Of whom slal :ou.tl-j.,. ..o.um IL. -. .:..s
ARTICLE *
tn. q .o~ii.: nance; gentlemen sl.al ..ns'it..e
~ :... .Da!a o: ..-ctuI. win. sh... H.. Q. thor
'tc. !I.;i u. secoad Monday OF JaU !ary. l3r. Or
M: '.'.9 ..ccrs.'s5 .aah lee du.v ..ec-e. a.d
. .prg.- =. VAS! j. y. !:-.mingham, ..Dh. NJ.
:s. .. .sa, ). F..n., !. :. .u:.y Mar'..;
. ae"ar.c.. =. A. Fancy, = ie" an. j.. !. 8
(! Ee..:.
ARTICLE xi:.
"a 81. sec, ;i! Hol,iav .: Ianua-- ~: .u: 81,
o Oily '!"tesf.- election. ~: d:...o.. l.v Emo
5t1cA .pLdtT. o: IL. a5..f .sl0 .. i.r .-i a. "a.
)f!:. 81 ths .a!d ..sD..a:.or; an: ,..r4-..'
r"t-7. ..tA,in: o.e vote ea"h share Of sock
'nte1 o.. sIs.. .. .I:.f. 81: 10 eject: AM .J'..
h--tn. = de-ai.e1 .YAiJ!. o. ths .!.... ',.I5 of
mr. la lirf,r 4N.s sf.s
matted % the s'oJ aOit;eTa. A i.glLe 10 ....
- 'l.- ..- .esa! shall not .sso ..le .5s.C.
.,. l..t :!.- s.den' .A. ca.se another .Ir.'..
- b. ae.i -.t.l. .h''r .ag. thereafter. gym.
a E:l: III IA Sew Orleans. TIL. Boar! ~ 6rcg..ys
ia ..."- eoy.c ..@p-.." s.y v.c+ncY 49, ..y
~: ~ :hs . s).' - sea-. .ea Il.c:.. 81 shs
ag..c.f. XII.
A. .r,a..s - .'ocx s,l.., D. made %. III. l..oss
= H. .as'ca.oi I. person % Hr proxy 80 .os
-. VIZ .ss consent o. The i AID ~ .reCtsss.
ARTICLE XIV.
- .'sc~.s.'er shall event he ade liable
,-7'.u .Ar sYDGn: % ~ subscription 70 the cap.
. -t,c. - 81. ASSOCIATION or his Indebtedness ..
AaT.cIE ~.
:. lie ..u th .i.r. - tle ASSOCIATION - g.psr.s
ne. ~. convened 10 .h.. purpose ~ the ssrs
}. rert.is o. ~ :.ir pIr5.ds mt a. The WRITE. ra-
nee .: .:i..a .tO"h-H.teIs. sitter thirty d.ys
"''r 10 '.4..r 1r'.HaprY published d. .a., s
a ;'- -; . 81 :.ew oT.eaa7 may MAKE a.y m,s.
- ".s 80! '.. inG laL<-s IN '.43 ..ct OF .lcs
.r.' Oh or charter, wi.ii the assent Of me rs.s
el. -. .. t.!..-.o.rt.is Of the .DJa. soc. .ss
ARTICLE XIV.
- 80 'Z'.asioa Sc '.le charter ...nee if sos
- n 'e pa; II, tA' aft.a o:she .,s)c. ...On .l..
~ -'.1e,;, rs tept, pad .,ns 'he e. ~"
~" ~ -. Dy.Acn - '3.. up stock uudsc 'l~
.'f e -; 'h'ee commissioners. sho -hta ot't.~
-, .pp.':.:e. - :le 5o.r! o. 1ir,ctor' &c.