St. Landry democrat., 1888-04-07
CHARTER
Or THE--
St. Landry Homestead and Building
Association
STATE OF LOUISIANA. PARISH OF |
r,ry,

4 d,
ST. LANDRY.
Be II Known, that on this Twenty-second
day of March. A. d. One Thousand Eight HIM
dfed and Eighty Eight. before me, Wm Ghas.
perratiit, Notary filbiic in ana for the ahnve
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 hereunto subscribed. who declared that
ayailing themselves of the provisions Of the
laws of this State relative to the organization
of CORPORATIONS, they do by these presents eoy-
sna1ll, agree and bind themselves. their asso-
ciafes al3a successors, 10 fsr1a and constitute
corporation for the ohlecTs ana psrpeses fua
under the stipnlations and regulations f0la6w-
ing, to-wit s &5+ A. a3
Art. 1st. Thename and title Of this corporation.
shall he the "St Landry Homestead and Loan.
Asseeiatian.' and under its said corporate
nams. it SHALL have power and authority to
have and enjoy suetess'9n Tor, the term on
twenty five years from the date hereof. TO can
tract, sue and be SIZED, tn make. have and use
corperate seal. and tile same TO break, al1er or
amend ait pleasure, to hold receive. lease piIr-
chase and convey. nnder its corporate name,
real estate to lend money on mortrage seeu-
rity r. name and appoint such officers mana
gers directors and agents, as the interests and
eou,seniences of said corporation may require.
TO make ind ssstahiis such yslGga. rnas and
regulations Tor the pr0pae pianagSHenp ana
reg,;iatisn OF the AFFAIRS of said corporation, az
may he necessary and paaesr. ana the same to
change and alter at pleasure ard DO all other
acts and things as are. or NAV be, Necessary
and proneFf % carry out the oI3ccts ana purposes
of said corpnratian., ass qs .tstF
Art. 2d. The donlieil Of said corporation, shall
be in the town of 0reloHsas Ia. and all citations
aDd other legal nFoeass sIslll he seFTad HRsn
tie president OF SAID eoIporatlon or in pls an
seifce. Hpon he Nicefresident. or in tie an
sence of 10th of these officers, upon the seere-
,tary,
| Art 3d. The objects ef said corporatin shall
be the accumulation of n fund from the weekly
insialImenta on account of subscriptions to the
capital stock. rentals, premiums and interest
on loans. the funds 40 accumulated to he used
for file ugrchase ana sale OF real estate fnn
h,lilaiT q renting gnd sale of hnInesieadE. and
the lending of funds npon mortgage or realty,
or other security in the Parish of ST. Landry,
hfif no loan upon other than real estate secIri-
ty shall be made without tile consent of at
least twa7thirls of the whole Board of Directors.
Art. 4t1i The said rapital stock of this Cor
noratiop shall be Five Hundred Thousand
Dollars. divided into Five Thousand Shares.
each representing One Hundred Dollars pay
able in weekly installments of twenty-five
cents Der share. per week, and said corporation
shall begin business when two hundred t301)
sllarss OF ths eplraa srelS ha nfep snncrihed;
said stock shall be issued respectively III series
designated as series A. B. G. etc. OF which the
steek now existing shall he known as series A..
hHt no one series shall contain more than Five
Hundred shares The Beard of Directors shall
have power to close each series before opening
following one. Whenever the shares repre-
spnting nflv SERIES shall by reason Of payment
worth tho DaF ValHe i1f fine Hundred Dollars
each, such series silall heiia.lidafea ls speedily
as isennsEaent with fne inIerest OF the slpserib-
ers. ana whenever the shares representing the
last remaining series shall be worth the of
One Hundred Dollars each. the Association
shall be liauidated by three commissioners se-
| Iected by the Board Of Directors from anlong
the stockholders. II ~ fEl ssss4s ~ s
Art. 9Th. The corporate mowers of the Assoc
4 ciatinn shall be exercised ny Board Of Direct
0rs to consist of Eleven StoekIolders nwning
| st laast two sharea Of stock each. who ahaii hs
| aleeTed by the staekholders on the sd Monday
in March. annuailr. e0nirnenein4 on the I'D
Mon,tay In Maret. 4, D. One Thousand Eight:
Hundred and Eighty -Sine assel each share
OF stock represented ut said election and not in
default being entitled to one vote. Notice oil
said election shall be given for at least one)
week BY puBlicatinn in one or mere newspa,
ndrs publish in the Parish OF st. Landry.
said election shail be nv haiigE. aTa shall ilf
leid at INC dosnioiie of this Corporation. Under
the sHpSfYision of three stock kh0iaefs appoint
ed ny the Beard of Directors at the last pre-
ceding regular meeting thereof The stock
holders receiving a majority of the votes cast
shall be declared elected The failure to hold
an election on the day specified, shall not dis
4 y