St. Landry democrat. (Opelousas, La.) 1878-1894, 1888-06-30
AMENDMENTS
TO THE
Charter of the st. Landry Homestead
and Loan Association.

OpELOUsAs, La. April 9Th, 1898.
The stockholders of the St Landry Homestead
and Loan Association met. i'll pursuance to a
call of the Board OF Directors thereof, for the
purpose of taking into consideration amend
ments to the Charter or said Associatlon' VIZ:
LIST. To amend Art. 4, by increasing the CAPT
tai stock to one million 81 200 .000 dollars, dlvi
ded into five Thousand 5000, shares of two hun
dred fs200.O0l dollars each.
cd. To amend Art. :. by substituting the mum
Der (l0l ten instead of the number t20) twenty
in the Limitation of the number OF shares on
which n 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
ments.
All the stockholders having been regularly
notified of the meeting by written notices set
ting forth the objects and purposes. the time
and place OF meeting, amt the hour having Ar
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. Ten.. the President and Vice
President being both absent.
The Chair thereupon announced the pur-
poses and objects of the meeting. and declared
the meeting in order, and the Secretary hsv-
ing been instructed TO call the roll OF stock
holders and the same having been done. il WIS
ascertaineti that t29Gl two hundred and ninety
six shares OF stock were represented in person
and by proxy, the said shares represented
being more than ~ thret-folirths OF the stock
subscribed.
The Chair then announced the consideration
of the amendments i'll order. whtreupOll 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.
Whereupon. 1t was moved and seconded that
the following articles of the Charter OF the
Association be amended and TT enacted M
TO read as follows, viz:
Art L. The capital stock OF said corporation
shall be One Million Dollars. divided into i've
thousand shares each representing two hun
dred dollars, payable in weekly nstallDcnts 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 ht. is
sued In series, designated respectively IA Sc
rics A, b, G, etc, of which the. stock now tx
iSting shall be Known as series A, hut one
series shall contain more than t5O0) five hun
bred shares. The Board q: Directors shall have
! power to close each series before opening fol-
lowing one.
Whenever the shares representing ANY scrie.
J shall by reason of payments Of instalrnents.
aud accumulation or profits. he worth the r,r
value of two hundred dollars each, sutL series
shall be liqnidated lis speedily .a IA consistent
with the interests Of the subscribers and
whenever the aAareS representing the last re
! naming series shall be worth the sum OF two
/ hundred dollars each. the association shall he
liquidated by 90 three commissioners selectHd
by the Board of Directors from al,aEs the
Stockholders.
Art :. Each stoekholslor sos each share OF
the stock he R,aY nod Ill the Association shall
/ be ele-hlu to receive from the funds OF tho As
sociation a loan OF two hundred dollars, less the
premium offered. Whenever the funds in the
| Treasury shall warrant one more loans shall
lie disposed OF TO the Stockholders Offering the
highest voluntary premium III such manner as
the. Board Of DIRECTORS may determine; pro-
vided that na ldan shall be made for less
! premium than ten per centIlm. No Atock hold.
er shall he elegihle To a loan au inare than ten
shares. No stakeholder shall be e'egible to a
loan who il in arrears to the association
Stockholders taking loans shall pay interest
thereon ton nominal loan b. weekly payments
! at the rate OF six per cent per annnm. In
case of failure to give satisfactory security for
such loans within "ne month of the date Of
purchase the interest shall be charged ia such
purchaser, together with III costa and charges
! or expensee attending the examination OF title.
and SEARCHES, and The money revert to the AS
ISOLATION. security shall not be deemed sniff
Gent unless approved by ut least majority Of
the Board OF Directors present"
The Chairman having asked the stockhod
ers if they were ready to vote upon the amend
ments. and they being ready. the Chair ap
Tiger Albert Bloch and DR.. II. NJ L,tteh 40 tel
lers, who after the casting Oh tbG votes, pro
ceeded 70 Count the votes gwen III favor of aud
against said amendments, when it was ascer
tanned that two hundred and ninety-six vote.
were east i'll favor OF said amendments, and
| none against. The votes east in favor thereof
being more than three fourths OF the total NUN
Der of shares Of said stock taken. the Chair
| man announced the amendments carried, auf
ordered the Secretary to record the same
And there being no further business before
the stockholders, and motion h,Hins heel
journed. JOS, RI.OCH.
Atteas; President Pro. Tn.n
W.D. PkRRAuLr, Secretary.
true copy,
". c. PERRAULT Secretary.