St. Landry democrat., 1888-07-07
AMENDMENTS
TO THE
Charter of the st, Landry Homestead
and Loan Association.
OPELousAs, La, April sth, 1855

OPELOUSAs, La, April 5th, 1855.
The stockholders of the st. Landry Homestead
and Loan Association met, in pursuance to q
cali 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 oapl-
tai stock to one million 81 600 oo0 dollars, d,y.
md into five thousand $4,000 shares OF two hun
dred .00) dollars each.
I'd. To amend Art. 7, by substituting the num-
Der tl0l ten instead of the number t20l twenty
IN the Hmltatlon OF the number OF shares on
which stakeholder may borrow from the AS
ISOLATION.
Sd. For the purpose of making any other
amendments necessary to carry out the pur-
ments.
All the stockholders having been regularly
notified of the meeting by written notices set
and place of meeting, and the hour having ar
rived. the meeting was called to order by JOS.
Bloch, Esq. member of the Board of Direct
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 purs
poses and objects Of the meeting and declared
the meeting in order, and the Secretary hav.
ing been instructed to call the roll of stock
holders, and the same having been done, it was
ascertaned that t296) two hundred and ninety
six shares OF stock were represented in person
and by proxy, the said shares represented
being more than "a three-tourths of the stock
subscribed.
The Chair then announced the consideration
of the amendments i'll order, whereupou it WAS
moved and seconded, that the proposed amend
ments be voted npon at one and the Same tims,
and no objection having been made thereto,
the Chair announced the same unanimously
carried.
WhereupOn, it was moved and seconded that
the following articles Of the Charter. of the
Association be amended and re- enacted so o.
to read as follows, viz:
"Art. 4. The capital stock OF said corporation
shall be One Million Dollars, divided into ave
thousand shares each representing two hun.
dred dollars, payable in weekly installmsuts 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 in series designated respectively az &C.
ries, 4, B, C, etc, of which tho 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 0 fol
lowing one.
Whenever the shares representing any series
shall by reason of payments Of installmente,
and accumulation or profits. be worth the par
value of two hundred dollars each, such series
shall be liguidated as speedily as 10 consistent
with the interests of the subscribers and
whenever the shares representing the last re-
naming series shall be worth the sum Of two
hundred dollars each. the association shall be
1iquidated by 49, three commissioners selected
by the Board OF Directors from among the
stockholders.
Art T. Each stockholder for each share OF
the stock he may hold i'll the Association shall
be eligible to receive from the funds OF tho AS
sociation q loan OF two hundred dollars, less the
premium offered. Whenever the funds in the
Treasury shall warrant, one or more loans shall
be disposed OF TO the stock holders Offering the
highest voluntary premium in such manner as
the Board of Directors may determine; pro-
vided that no loan shall be made for less
premium than ten per centum. No stookhold-
er shall be eligible to a loan on more than ten
shares. No stakeholder shall be eligible to
loan who is in arrears to the association.
Stockholders taking loans shall pay interest
thereon ton nominal loanl by weekly payments
at the rate of six per cent per annnm. In
such loans within one month Of the data Of
purchase. the interest shall be charged to such
purchaser, together with all costs and charges
or expenses attending the examination of titles
and searches, and the money revert to the As
ISOLATION Security shall not be deemed sutfi-
cent unless approved by at least majority OF
the Board Of Directors present"
The Chairman having asked the stookhold-
ers IL they were ready to vote upon the amend
ments, and they being ready, the Chair ap-
Heinted three stock holders. wig O. H. Terwit.
Tiger, Albert Bloch and DR.. r. NJ. Littell "a tel
lers. who after the casting of the votes. pro-
eeeded .totc0Hfft thesyotes given in favor Of and
against said amendments, when il was ascer-
tanned that two hundred and ninety.siE votes
were cast in favor OF said amendments. and
none against. The votes cast In favor thereof
being more than three-fourths OF the total mum.
Der of shares 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
made, seconded and carried, the meeting ad.
iourned. JOS. RT.OCH,
Attest: President Pro. Tenn.
VIC. PERRAULT, seoretarH
W. C. PERRAuLr Secretary