The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-11-02
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CHARTER.

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CHARTER.
STATE OF G h99 81 Nav 5H.sas Ss ORLEANS
in the year Of Lord one eight an s
United States Of America the sinetye!shth. before
Ra ID
selves Of the provisions Of the Statutes Of
relative to the organization Of Corporations in this
those Who may sscae %snsers o. this
poraton to form themselves into and constitute Cor
porafon for tho objects and purposes and under the
stipulations following. to wits
ARTICLE I.
as't II Pa"s ;S aea e ri:
ISOLATION 1t shall be domiciled in the city Of New
twelve and Is
officer upon whom all citations shall be served
ARTICLE II.
It's object shall be the and
city Of New Orleans. and also that Of Carroton
they may deem advantageous.
ARTICLE III.
@ Sa .1op be ,ss
tutors, and women in their own night.
ARTICLE Nv.
The capital stock Of this Association shall BE- Five
twenty ave hunared $500 shares hundred dol
lars each The stock shall be paid as ioows, first
s
profits added theIeto. shall amount to two hundred
! ARTICLE v.
In stakeholder shall neglect refuse to
ss sS os
ana for eees for 81
his stock who shan neglect o. refuse e pay the
has received loan shall paw an additional sum OF
weekly or
pay his instalment interest shall DO charged his
Tasss By
covered by prepayment no hnes can DO levied
ARTICLE vi.
hold the association shall be entitled to receive
the funds of the Association loan Of two hundred
e. or
Board Of Directofs mag dstsrnine Should he
Of be
to s.E to ss a. h his
entisle himproyided he shall NOT receive Tia,
Ne Be-
than thirty go shares No Tho shall
ssn sS tie s
| ~ per centum per annum
ARTICLE VII.
Whenever q stockholder shsll be declared entitled t
, Tho to be and ssdss ss
same he shall SECURE the payment thereof to tn
s sS ss'
Ell for P D ss rSs
security for loan within three months from IL
and charees or expenses attending the examination
and searches shall be charged to such purchase
and the money revert back to the Association
ARTICLE VIII.
nd Stockholders having taken no loan and wishing
IS withdraw the Association. shalt be entitled
1 by hhe% arst 1sdnons ali ne. and
portion Of all Oses nSusd Any hS4S
will be permitted to do provided he shall have
sf shs he
T the twelfth afser the organization Of this Associ
of the paid for srs! S1s of the
os Sss viii i also be to whdTsw
Association, provided they shall have sold all the
se 1a
% the fv s
ny and approved member of the Association and sr
II ts Is s1d ;hs
that to Se 70 Of
of such intention. Upon the death Of a member "
receive from the Association s?ch deceased membe
ages, and his portion of lOsseS sustained.
ARTICLE TX.
II the interest remains unpaid for one year {,
Board of Directors may compel payment OF the Prin
pal and interest any loan BY ordering proceedings
he
law this of recovery OF loans by law all hn'
shall be and charged 70 the party causing en-
course action be pursued by the ABsoclaIion a
II the amount recovered exceed tho nominal loan a
interest for the puch loan used tho exec
shall be given the deaultinR party In case any btoc
All holder mot having taken loan shall elect or reu
to nav his weekly Dstaments and hues Tor the space
ION one year such stockhoider negectng TefqsiE
' shall receive the Treasurer the amount OF du
actually paid in by him, without any allowance Tor
terest hnt deducting all lines and forfeitures that IN
he charged az ainst him and also q portion OF all
ale, o.ses incurred and from that time to be nue.
~ | Der OF the Association.
100 ARTICLE Y.
e All the corporate powers of this Association shall
Der manaped and by Board Of Directors TO c.
NJ sst az thirteen stockholders, and majority OF VIII
sbsn constitute q quorum for the transaction Of BIT
NJ. ness.
ich ARTICLE XII
De. The following named gentlemen shall constitute
1rst hoard OF Directors who shall hold their Office
the second Monday of January. 1874 or until their 8
easors shall duly elected and qualified Directo
y,c | MessTa. Edward Sweeney Tbos Walsh, N, u
10 fptpehatn John NcCafiey. John j. Flnney. r. r.
lev Martin A. Aiieyn J. y Mahoney DR.. r. T. Sh
pSrd Thos McKendrick, l.. a. Finney, a Leo
j, l. y ONeallie.
ARTICLE XII
ers On second Monday of January, le7t and annn
ted election for Directors by the
OF The Association shall be held at tho office Of the
p ssociation and a plurality Of vstes, counting
vote for each share Of stock voted shall be suci
TO elect; and at this meeting detailed exhibit OF
transactions Of this Association for the year preced
shalI be submitted to the stockholders. A fAilur
eect on the day aforesaid shall dissolve the Aaso