The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-11-23
CHARTER.
CHARTER.
STATE OF LoUIsIASA-PARisH OF ORlFASs
f,IrYn RN NEW DnIrL


Be IT known, that this eleventh day September
In the Year Of our Lord thousand eight hundred
the the sss
Of aSli duly sna
sns a II the Of the
hsfsunte :p6scIesd Who that. svalins them,
relative to the organization Corporations in this
those who may hcresfcr become members Of this Cor
to form emselvcs into and oonst Cor
stipulAtions following t" Wit: ''''' '' ''''' @'
ARTICLE
shall SkEEAN ME I
ISOLATION: 1t shall be- dorciled in the city of New
the President of the M s a. %
o'ncer upon whom all citations shall be served
ARTICLE II.
Its object shall be the accumulation
or pu: tse for themselves such real estate within tho
they may deem advantageous.
ARTICLE III.
The members Of this Association must be residents
OF louisiana Minors may hold stock through their
tutors, and women in their night.
ARTICLE ".
Hundred Thousand ts5oo.oo0J Dollars divided into
twenty five hun.red I5Oo shares Of two hundred dol
Of fifty cents each
!as share this mstSod Of paying . eon
n1 nas until dsd the sum paid by with all
(s2oo) dollars for each share.
ARTICLE "
In case stakeholder shall neglect refuse to nav
so nesoeans or s s
ID sss 3.
by him held. Any stockbolder. having eaeetod loan
Sesiy portion Of tho each shsss Which,
Ave IS, cents eaeh share on which loan has boon
effected Each and every weekly refusal neglect to
vance for certain time during which period IL being
n REL m anf mr. fin car ha Iay-ia cd
ARTICLE
Each stock holder for each share of stock that he
the funds of the Association q loan of two hundred
$500 doilars-less the premium offered. Whenever
loans shall be disposed of to the offering
Board of ireeoFs may dstsrmine Should he so wish
any s'ockhol or having plurality Of shares by making
TITLED TO succeeding loans offered at that time the
+. TO sa " his
one hundred and seventy $40 dollars loan on each
more than thirty tso shares No tockholder shall be
entitled to loan who is in to tho Association
nominal loan) by weekly payments the of eight
~ per centum per annum
Whenever stock holder shall be declared entitled
loan or loans he shall allow to be deducted the
MUM offered by him for the and before receiving
the same he shall sscnre the payment thereof to the
to S
any due receipt for Paid up state Parish and MUM
security for such loan within three months from the
date purchase the interest together with all
title and searches, shall be charged such purchaser
and the money revert back to the Association.
ARTICLE VIII.
Stockholders, having taken no loan and wishing to
withdraw from the Association. shall be entitled
from the Treasurer the of dues actually
paid by them deducting all forfeurcs
having taken one or more loans d. string to Withdraw.
will be permitted to do provided he shall have
of the thereof before the expiration
the hss fee ss to- .s of h 'Gs
twelfth Of the premium paid for every one of the said
taken loans will also be permitted to Withdraw from The
Association provided they shall have sold all their
est in tho Association and their vendee in such
e sfs ss Of
and approved as member of the Association and sub
ties Of tbs retiring member in and 70 the pro-
vided always that stockhodsrs wishing to withdraw.
Of such intention Upon the death n Of member who
WISHING be-
receive from the Association such deceased members
ages and his portion OF losses sustained.
ARTICLE TX.
II the interest remains unpaid for one year the
pal and of any loan by ordering proceedings to
SS m @ t9 Of @
f1rfetures losses i1tesst principal and legal costs
of action to be pursued BY the Association and
interest for the time such loan used the
shall be given the detauting party In case any stock
pay his weekly nstamens and fines Tor the space OF
year such soekhoider so noGlectiDG or Iet9sing
shall c,ivc from the Treasurer the amount of dues
actually pad in bV HIM, without allowance for in
terest ieductiDg fines and fOrfettures that
char gsd against him. and also portion Of AL tho
Iorsps incurred and that time to be NOM
Der ui the Association.
ARTICLE y.
All the corporate OF this Association shall be
managed and exercised by Board OF Directors 10
OF thirteen stock holders and majority of whom
shall constitute quorum for the transaction of busi
The following named gentlemen shall constitute the
fist Board OF Directors who shall hold their office until
the second Monday of January 1874 until their
shall be duly elected and qualified Directors
Messia. Edward Sweeney, Tbos. Walsh, Il M Ber-
mingbam John Mccartney John j. Finney, r. f. Cur
ley Martin A Alleyn j. Mahoney. DIR. z. I. Shep;
pard Thus AcKeIdrick, i. a Finney, A. Leo and
J. I. y OMeAllie.
ARTICLE XII
On the pccond Monday of January, 1874 and annually
election for Directors by the ckhoders
OF the Association shall be held at the office OF tho said
Associatlon and plurality Of votes counting one
vote stock voted shall BIO sufhcent
to elect and at this meeting detailed exhibit OF The
shall be submitted the stockholders failure TO
elect on the day aforesaid shall not dissolve the Associa
lion the shall another election to
be held thirty days thereafter giving notice OF
the same in daily newspaper published in English In
New Orleans Tho Board Of Directors shall have power
10 supply any vacancy that occur In their body by
death, resignation or otherwise
ARTICLE XIII.
All transfer ef stock shall BIO made on tho books Of
l NV IN ~