The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1874-01-04
CHARTER.
CHARTER.

Mt. sSvSSayshrss. and Of the Indepsndenes Of the
e. 70: X. F.4:A s u
Tihss.ss hsrsinafter nsAsa and andefsignsd psssea
ss ss.ss
SsssyS 81 - q The ss.ssss q Lsnsisss
State they sevsn.ns agree ssd Sias sSsassrss ana
porst,on form ensslvss Into ana eons,isaso Cor
for shs sh':ss and purposes and ths
ARrICLHL
'e fHs W. ns o e ss
sb. 30 do%iSii.d IN the city u N As
and have and onioy succession In It's coporats
tho President Of the Association is designsted as the
e'neer upon whom all citations shall be oerved
It's object shall DO tho accumulation and disbursement,
OF fur sufficient to enable the Stock holde to build
city of New orleaus and also that of Carrollton Az
they may deem advantageous
n" members OF this Association must be Residents
tutors and women in their night
ARTICLE Nv
me cap tai stock Of this As.oc,,ion shall be Five
i 1--we hun red rs, ~ shares hundred
succeeding week thereafter payment Of WENT, S srs
time until the sum paid in BY with ali
bss" a1oea ahe,etS shall amount to two hundred
ARTICLE v.
case any shall neglect refuse to pay
payable 80 neseeens or l ssa DC
an % e. ss
by him held Any stoSkhoder. having efsotod loan
each for pay yyh iss
ne has received loan, shall paw additional sum OF
biz charged 70 hs
during Sess
covered BY = prepay mens no hnes can be levied
Each for each Of stock that he NAV
i in tho As:ssa.en sha be er,.sd from
Sso doil T.; tho premium offered. Whenever
ss Ss
Baard Of In such the
s ns a
titled 10 succeeding loans offered at that time thu
same premium per loan to the full amount his shares
shall be ontoa 70 H ioan eA ON
entitled to loan who is in The Association
sv shall pay
~ per centum per annum.
ARTICLE VII
loan or loans. he shall allow be dcdnricA The pro
III. offered by him for Tho sam" ind ere ovTs
Association by act OF mortgage ttnnsfcr OF policy
any receipt raId up State rsi and ps mali
eiPal ,s.ss In Gaze OF isiiure 10 give satisfactory
date OF purchase the interest tose,ber ali costa
PsR: be the
and the money revert back to the Association.
ARTICLE VII.
Stockholders having taken no loan. and wishing to
withdraw from the Associa shall be entitled to
paid in BY them rss dsduons al ans. and for
and portion OF ALL incurred Any stockhoIder
?as
sna Of
the ss &c thu Is .sa q h
s1 sns
SsSs :ss t'& sss
IN ss all ssf
sss ss shs have aRsa TO- and BY vote Of majority
stsutsd for ADD admitted to Ali the rights abiii
vded always that stooLhoders Wishing to withraV
s OF oe
had not received loan loans his heirs legal repre-
receive from tho 1ssoca.loa sach deeeasod nom 5ors
full interest thereon first deductng his fines
ages, and his portion of losses sustained.
II the tntere-t remains unpaid for one year the
pal and OF any by proceed "ss to
be Instituted on the bond aud o,,gaso aceo%inS to
forteitues losses nte,.tt principal and legal costs
eoar,S Of action 70 be pursued BY the and
If the amount recovered exceed the nominal loan and
cha. be given the dsfaunr party In case any stock.
@ M %
one year. such btockh0der negisctipR rofuSing.
actually paid In by him. without allowance for In
be charged ainst him. and aao portion OF all the
oases incurred, aud from that time 70 be
Der Of the Association.
ARTICLE X.
All the corporate powers OF this Association shall DO
managed and exercised by Board OF Drectors to
sist OF thirteen Atock and majority Of whom
shall constitute quorum for she transaction Of bust
ARTICLE XII
The following named gentea shan constitute the
Board OF Directors who shall bold their Once I'll
the second Monday OF January. 1874 until their
sbaA be duly elected and qnAnea Directors
ningham John hoCahIey John J. Flnney, p. r. Cur.
Icy, Martin A. AlIsyn MAhoney. DIR. X. I. Shop
pard, Thos McKeIdrick, +. A. FInnoy. A Leo and
J. T. A O'Aoalie.
ARTICLE XII
On the second Monday OF January, 1915 and annually
election for Directors 10y tho stockholders
the Association shAl be held the office OF the said
Association and plurality OF votes counting one
for each share OF stock voted sha be
elect; and at this meeting detailed exhibit OF the
tracon Of this Association for the year preceding
elect on day shall dissolve tho AasOcia
fion tho President shall another election to
be held within thirty days thereafter giving notice of
the same N n daily newspaper published in English In
New Or'cans The Board OF Directors HhaH have
supply vacancy that occur in their body by
death resignation or otherwise
ARTICLE XIII.
All transfer ef stock shall DO made the books OF
the Association in by proxy, but not while
any the Association cAsts nnteas with
the consent OF the Board Of Directors.