St. Landry democrat., 1888-04-14

CHARTER
St Landry Homestead and Building
Association
STATE OF LOUISIANA. PARISH OF

| STATE OF LOUISIANA. PARISH OF
SIT. LANDRY. s
Be IT known, that on this Twenty-second
| day of March. A. D. One Thousand Eight Hun
| dred and Eighty-Eight. before me, VIM. Chas.
| Perrault, a Notary Public in and for the above
/ Parish and State, duly commissioned. qualified
| and sworn, in presence of the witnesses herein
| after named and undersigned, personally came
/ and appeared the several persons whose names
are hereunta subscribed, who declared that
availing themselves of the provisions of the
| laws of this State relative to the organization
OF corporations, they do by these presents COW
enant, agree and bind themselves. their asso-
0iates and successors, to form and constitute, a
| corporation for the objects and purposes and
| under the stipulatiOns and regulations follow
| ing, tD-wit:
Art 1st. The name and title of this corporation,
| shall he the tSt Landry Homestead and Loan
| Association" and under its said corporate
| name. it shall have power and authority to
| have and enjoy succession for the term of
| twenty Ave years. from the date hereof, to CON
tract, sue and be sued. to make, have and use q
corporate seal, and the same to break, aller or
amend at pleasure, to hold. receive lease. pI1r-
| chase and convey, under its corporate name,
real estate to lend money on on %mertgage sect-
gers. directors and agents. as the interests and
convenienees of said CORPORATION may require.
| to make and establish such bylaws. rules and
regulations for the proper management and
| regulation of the affairs of said corporation as
may be necessary and proper. and the same to
change and alter az pleasure ard do all other
acts and things ms are, or may be. Necessary
and proper to carry out the objects and purposes
of said corporation.
Art. 3D. The domicii Of said corporation, shall
be in the town OF 0reousas Ia. and all citations
and other legal process shall be served Ilpon
the President of said corporation or in his ah-
sence, upon the President, or In the alb
sence OF both Of these officers, upon the seere-
tary.
be the accumulation of a fund from the weekly
installments on account of subscriptions to the
capital stock rentals, premiums and interest
on loans. the funds 40 accumulated to he used
building, renting and sale of hornesteads and
the lending of funds upon mortgage or realty
or other security In the Parish of st. Landry
but no loan upon other than real estate seeuri
tY. shall he made without the consent of at
least tw0-thirds of the whole Board OF Directors
Art. 4th The said capital stock of this Cor
noration shall be Five Hundred Thousand
Dollars. divided into Five Thousand shares
eael1Tepresenttng One Hundred Dollars pay-
ableltn weekly installments of TWENTY-FIVE
cents per share. per week, and said corporation
shall begin business when two hundred f20a)
shares of the capital stock have been subscribed:
said stock shall he issued respectiyelpsn series
designated as series A. B. G etc, of wIn,h the
stock now existing shall be known as sdges A.,
but no one seaes shall contain more th5,6 FIVE
Hundred shark The Boa.a OF DirRYI6rs shall
have mower to q Nth series bel Re opening
fai,owlng one. ons,,. sssNer the Seares repre-
of installnents and acs snnisS sSs-saf profits % be
worth the par value of slge Hundred Dollars /
each, sucl, series shall be h1lidated as speedily
as lis sconsistent with the Interest of tIe slbscrih
ers, and whenever the sharyS representing the /
last remaining series shall be wertll the sum 81
One Hundred Dollars each. the ASSOCIATION
shall be fianidated hy three commissioners q /
iected BY the Board of DIrHntors from among
the stockholders.
Art 5th. The corporate powers of the Asso-
citation shall be exercised by q Board of Direct
nrs tr consist of Eleven Stockholders owning
Mt least two shares 0f SfOeJ1 each shall y,1