St. Landry democrat., 1888-04-28
CHAPTER,
OF THE% =
St. Landry Homestead and Building
Association
STATE OF LOUISIANA, PARISH OF !

STATE OF LOUISIANA, PARISH OF I
ST. LANDRY. s
Be it Known, that on this Twenty-second
day of March, A. D. One Thousand Eight Hun,
bred 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 herennto 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. taeir assO-
eiaies and successors. to form and constitute a
CORPORATION for the objects and purposes and
under the Stipulati0ns and regulations follow
ing. to-wt:
Art. LIST. Thename and title of this corporation,
shall he the est 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 fiye wears, from the date hereof, TO COR
tract sue and be sued, to make, have and Use a
corporate seal, and the same to break, allcr or
amend at pleasure, to hold. receive, lease. pur-
chase and convey. under its corporate name,
real estate to lend money on MORTGAGE Secu-
rity, to name and appoint such officers, mama
gers directors and agents, as the interests and
conyeniences 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 at pleasure az q do all other
y
and proper to carry out the objects and purposes
of said corporation
Art. Cd The Honici Of said corporation. shall
be in the town of Oreionsas. La. and all citations
and other legal process shall be served lpon
the President of said corporation, or in bis alb
sence upon the Vice-Presdent. or in the alb
sence OF both of these officers, upon the Secre-
tafY.
Art sd The objects OF said eOrDapatin sihll
he the accumulation of a fund from the weekly
instalnents on account of subscriptions To the
capital stock. rentals, premiums and interest
ON loans. the funds so accumulated TO he used
for the purchase and sale of real estate, the
building, renting and sale of homestcads. and
the lending of funds npon mortgage or realty,
or ether security in the Parish of ST. Landry
brt no loan upon other than real estate securi-
tv shall he made without the consent of at
least twnt thirds of tie whole Board of Directors
Art 4th The said capital stock of this Cor
poration shall he Five Hundred Thousand
Dollars divided into Five Thousand Shares
each representing One Hundred Dollars pay
able in weekly instaliments of twenty-five
cents pcr share. per week. and said corporation
shall begin business when two hundred t20O)
shares Of the canitaisfock have heep subscribed;
said stock shall be issued respectively In series
designated rs series A. f. G.. etc. of which the
stock now existing shall be known as series A.,
but no one series shall contain more than Five
Hundred shares. The Board of Directors shall
haye power TO close each series before opening
n following one. Whenever the shares repre-
senting any series, shall by reason of payment
of installments and accumulation of profits be
worth the par value of One Hundred Dollars
each, such series shall beliqudated as speedily
as is eonsistent with the interest of the suhscrb
ers, and whenever the shares representing the
last remaining series shall he worth the sum of
One Hundred Dollars eaen. the Association /
shall he liauidated by three commissioners Sc
leefed ny the Board of Directors from among |
the stockholders.
Art. 5tl The corporate powers of the Asso- |
citation shall be exercised by a Board of Direct
oIs t. consist of Eleven Stockholders owning |
atleast two shares of stock each. who shall be |
elected by the Stockholders on the 3d Monday |
in March. annually, commencing on the sd
Hundred and Eighty-Nine 1889 each share |
IF stock represented at said election and not in
laid election snail .la given for at least one /
week by nnbliea, q. m one % mosa rewspa
Said election shall be by ballot and shall lie
held at the domcie of this Corporation, under
the supervision of three stockholders appoint t
ell ny the Board Of Directors at the last pre-
eeding regular meeting thereof The stock
shall be declared elected The failure to hold
an election Oh the day specified, shall not dis