The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-09-14
CHARTER.
CHAKTER.
STATE OF LouIsIANA-PARrsH OF ORLRASs I
CITY OF NEW ORLEANS.

IN Inc year OF LORD one thousand eight hundred
Unitsa States Of America Ii. ,!nssyeIshth before
ioT the Parish Orleans: Stale Of Lonissns duly
ID
selves the provisions the statutes Louisiana
ssativs to the organization Of Corporations in this
those who bere-for become membsrs Of this Cor.
poration, for objects PURPOSES under tho
st'puatious following, TO wit:
ARTICLE I.
e NE A
SNSaAitoH II ssri! be d"uci!ed in the city of New
1ns % se M sue and be sps and
officer upon whom ali citations sh all be served
ARTICLE IL
Its object shall bo the accumulation disbursement
of fund sufficient to enable the Stockholders build
city of New Orleans, also that of Carroliton as
they may deem Advantageous.
ARTICLE III.
of Minors may hold stock though ther
tutors. and women in their own right.
ARTICLE ".
Tho capital stock of this Association shall be Five
Hundred Thousand ts3ooooo) Dollars. divided into
thu ss pss Of as
CO. s ON sa Of
tinue until the paid In by instaeHts. with ail
(s206) dollars for each share.
ARTICLE
In stakeholder shall neglect refuse pay
pavS 40 81 %
shall forfeit and pay for each nessHs Or refusal
by him held. Any s,ccholdor, having effected loan
h ssf s each to
he has received loan shall pay an additional sum of
erected Each and every weekly reusal or neglect to
pay his sns.alrc 9t Interest, shan be charged
I RSap SoSs
covered by prepayment no fines can be levied
ARTICLE VI.
Each stCckh older. for each share Of stock ay
hold in the Association shall be entitled receive from
tho funds of tho Association a loan of two hundred
the shall one o
shall q" to tho ne Offering the
Board Of Directors may determine shsald he so wish
m mo of ns sh
titled succeeding loans offered at that time
ho s5a receTs more s thaa
ssSs1E saa oh
than thirty C'ol shares. No stockhoier shall be
Stocihoders taking pay interest thereon ION
nominal oan) by weekly Payments at the Of eight
| (s) per centum per annum.
loan loans he shall allow be tod the pre-
the same shall the payment thereof to the
s by act Of tho s1s sn Of
due receipt for psd Up State
security for such within three months fro thy
purchase the interest together ali costs
e be to
and the money revort back TO the Association.
| ARTICLE VIII.
Stockholders having taken loan. and wlshing to
Withdraw iron, the Association shall entitled TO
tie Treasurer the amount of dues ctualiy
PORTION OF all losses incurred. Any stockhoder
to D5 1 se m sh to
paid said loan, whlch ne may DO at any time; and In
tho t% etb afssr Of ills Assoca
ton, there shall be refanded to ead borrower one,
twelve years then uneIpiTed Stockholders having
real estate together with ali their inter
sales shah have applied TO- and by vote Of majority
ettued for and admitted to all the rghts and iabili
a!s that Wishing to
shall give months notice to the Bosid of Directors
had received loan loaus his heirs legal repre-
receive from the Association SIGN deceased mem Der
full interest herse first his fines and arrear-
ARTICLE TX.
| If tho interest remains unpaid for year. the
Board Of Directors compel payment of the princi
and OF any loan by
law. this of recovery of loans BY Law all fines
be party
of action to be pursued by the ssoeat,on aud
interest for tho time such loan used tbs
shall De gwen the defauting party In stock
holder mot having taken oanl shall neglect refuse
pay is weekly instruments and ues for the space of
one year such stockholfer neSlCCpg refusing,
shall receive from the Treasurer tho amount of dues
actually paid in by HIM, without any allowance for in
terest first deductinR fines and forfetures that
be charged Lainst him. and also ton of all tho
los SEES incurred and from that time to be
Der of the Association.
| ARTICLE X
All the corporate powers of this Association shall be
managed and exercised by Board of Directors TO con-
sist stoc holders and majority OF whom
shall constitute quorum Tor the Transaction of bust
|
| ARTICLE XI.
The follow ing amed Gentlen shall constitute the
first Board of Directors who shall hold their Cce III til
the second Monday OF JannarY 1874, until their
cessors shall be duly elected and qualified Directors
Messrs. Edward sweeney, ThOs. q Walsh, NJ. Der
| minRham John McCaffTcy John j. Finney, L. +. Cur
ley, Martin A. Aleyn. j. r Mahoney DIR. 4. I. Shcp
pard Thos McKeEdrick, +. 4. F!nney, A. Leo and
| j. I. A O'MeAc.
ARTICLE Nil
On the second Monday of January, 1874 and annually
thereafter election for Directors by the stockholders
OF shall be held the Office of the said
Association and plurality of votes, counting one
TO elect and this meeting detailed exhibit Of the
this Association for the preceding
shall be submitted the stockhoders. failure u
elect day aforesaid shall dissolve the Associa
ton but the President shall another election to
ha wit thereafter giving