St. Landry democrat., 1888-06-16
AMENDMENTS
TO THE
Charter of the ST. Landry Homestead
and Loan Association
OPELoUsAs, La, April 5th, 1888.

OPELOCSAS, La, April 5tn, 1888.
The stockholders of the st. Landry Homestead
and Loan Association met in pursuance to q
call OF the Board of Directors thereof, for the
purpose of taking into consideration amend,
ments to the Charter of said Association, viz
LIST. To amend Art. 4, by increasing the Capl-
tai stock to one million ISL 900 OOO) dollars, dlvi
ded into five thousand $4,000 shares Of two hun
dred (S2OO00) dollars each.
ID To amend Art 7, by substituting the num-
her (10l ten instead OF the number COZ twenty
in the limitation of the number of shares on
Which a stakeholder may borrow from the As
ISOLATION.
Sd. For the purpose of making any other
amendments necessary to carry out the pur-
poses and intent of the above FAMED amend
mcItS.
All the stockholders having been regularly
notified of the meeting by written notices set
ting forth the objects and purposes, the time
rived, the meeting was called to order by JOS
Bloch, Esq. member of the Board of Direct
ors of said Association, who on motion duly
seconded and carried, was called to the chair
as President Pro- Tenn, the President and Vice
President being both absent.
The Chair thereupOn announced the pur-
poses and objects of the meeting, and declared
the meeting i'll order, and the Secretary has-
ing been instructed to call the roll of stock
holders, and the same having been done, it was
ascertained that (296) two hundred and ninety
six shares OF stock were represented in person
and by proxy, the said shares represented
/ being more than "a three-fourths OF the stock
subscribed.
The Chair then announced the consideration
of the amendments III order, whereupon il was
moved and seconded, that the proposed amend
ments be voted npOn at one and the same time
and no objection having been made thereto
the Chair announced the same unanimously
carried.
Whcreupon it was moved and seconded that
the following articles of the Charter OF the
Association be amended and re-enacted so as
TO read as follows, viz:
Art. 4. The capital stock of said corporation
shall be One Million Dollars divided into five
thousand shares each representing two hun
drcd dollars, payable in weekly instalments of
twenty-five cents per share per week. and
said corporation shall begin business when
two hundred shares of the capital stock shall
have been subscribed; said stock shall be is
sued i'll SERIES designated respectively as Sc
ries A, B, c, etc, of which the stock now ex-
listing shall be known as series A, but no one
series shall contain more than $500 five hun
dred shares. The Board o. Directors shall have
power to close each series before opening a fol-
lowing one.
Whenever the shares representing any series
shall by reason of payments of inata.lMonts.
and accumulation or protits, l,e worth the par
value of two hundred ttellasa each, such series
shall be liGVdatqs, .,s at.oe,ily is consistent
with tha iatr.+St- OF the subscribers; and
Whcnasef the shares representing the last re-
manning series shall be worth the sum of two
hundred dollars each, the association shall be
iquidated by 81 three commissioners seleatsi
by the Board of Directors FROM anong the
stockholders.
Art. 7. Each stoolshataor ror each share of
the stock ia Al:.y mold in the Association shall
ht t!GssiUlb 10 receive from the funds of tho As
soclation a loan of two hundred dollars, less the
premium offered. Whenever the funds in the
Treasury shall warrant, one or more loans shall
he disposed of 10 the stockholders offering the
highest voluntary premium in such manner az
the Board ara, OF directors may determlnnas pro
premium than ten Per 4,;S4nptnIn. No stockhold-
er shai! ha elesltle Is. q loan on more than ten
snaas3. NJ stoekholdep shall DO eligible to a
loan who is in arrears to the association.
Stockholders taking loans shall pay interest
thereon ton nominal loan) by weekly payments
at the rate of six per cent per anDnm In
case of failure to give satisfactory security for
such loans within one month of the date of
purchase. the iHtaIsst shall be charged to such
purchaser, together with all costs and charges
vi expenses attending the examination OF titles
ISOLATION. Security shall not be deemed sllffi-
cent unless approved by at least majority of
the Board of Directors present"
The Chairman having asked the stOckhold-
ers if they wore ready to vote upon the amend
ments, and they being ready. the Chair APP
pointed three stockholders. viz 0. Fl. Terwil-
Tiger, Albert Bloch and DR.. r. NJ. Littell as tel
lers. who after the casting of the votes, pro-
ceeded to count the votes given in favor Of and
against said amendments, when it was ascer-
tanned that two hundred and ninety six votes
were cast in favor OF said amendments. and
none against. The VOTES cast in favor thereof
being mors than tAIee fourths OF the total num-
hes ii sAafes OF said stock taken, the Chair
man announced the amendments carried, and
ordered the Secretary to record the same.
And there being no further business before
the stockholders, and a motion having been
made, seconded and carried, the meeting ad:
journed JOS. BLOCH,
Attest: President Pa, TEN,
W.C~PERRAULT, Secretary.
A true copy.
june s-st '-> -