The Meridional. (Abbeville, La.) 1856-1906, 1890-08-02

| SndA D0 lQuluaLeQ. Dy three GommlS
| sioners selected by the Board of Direc
tors from among the share holders
| The shares shall be issued in series no
to contain more than two hundred an,
| tffty shares. 49,
| Sec. g.. NO share holder shall owl
more than. twenty-five shares in an,
one series st any one time.
ART. v.
/ Sec / The cornorate nhyars 1T III,
association shall Ia -reo cyaraised bv sayar sl.r
diractors aacb of whom Sbs;iI oyv,, ~ no -
/ 1aes tban tyn sbaras Sc and ~ VINO shal J
/ he eiected KV The SHIRE holders on tI,t
second Tnasday in Jsnnary annnailv IL,
Each stock holder renresented at saif
election and MT in defanlt. heino on.
titled vote as follows.
Far one shaTa II, 10 Ave inclusive ba
mavc,cast one vote For FIVE shares mn m
to I'm inclusive ha NAV cast two votaI
Fran, fen shares mr., to tyyantv inclf;eiue
he NAV cast three votes For tWenty !,
shares o1, more be NAV cast fo1lr votes
Ser ). Notice Hf5said eIection shall
he oiyan for thn snt,eIe of ten davs bv
fhe1 e secretarv e tbroIr6I, the mails said
elncf:on shall he 15y ballot and shall he
held at the domicii of this sarnorafion
nnder f6e snnervision Of three share
holders annaintad hv the Board I''l If +
Diractors at tI'e last nyo4adinr raa,lar
alaction +beraof @ W. The Sbare bo1Jora 5loaca
rac;oiu;3o a Yoaior;+v If tbe votos mot
shall Ea aacIaTed j aiactaE ~ S''o'
Sec 2 Tha faiInre to hold an 4l1c.
tion on yha dav sHecif4ad shbu not
diso1re tbe CO eor,oy.s.tien h,1t t9,a Jiroo
fnrs h Office sbap Mold noWar r-3 1bfii I'll ~ an
an saiactinn H be- ba baIJ aid Ti afsor fan .i d,+s ssn
notice If fha +insa and and niaee tseraof
sae i Tha JirocfoTs dire @ sbol aisot
from fbe;y p,o br 1,,oS;dart J, eS1,9 H. H.
nraeidant and f;ya SfSaotnTs sy,aiI ssi 10 -
pnor9n for s b1sirsss '>'''li ~ !"
Ser < The Iiractors aha1l alact
or annoint q eels,atarg and sucb ON
nlovee ,cl as NAV La i,aeassorv ls. ss I and nov
fiy tboir - r, on1naneation hit M no. saIary ,ia
sbalI ba na;d f. anv r6a1,,ba,. II ghe
hoard of direcfSrs or Officer evcent III
tha : sacratarv II, and ~ thav sbaiI hago
mower ta,,snact ,e a hV-laws not ran,1on nan ~
n this charter. to elect ! Mace Fl Saaaf
me. tn snsnend anv ofscar sor dfractor
for II Y neeloef Of dntv n T1iseandt,et ma
to name and appoint their successors as
provided by law general authority to
carry ont the objects and business Of
Che association; but they shall not nave |
power to purchase real estate except IN |
case OF necessity 20 protect the associa-
lion, nor contract any IndeDtedness
Rnatever IN excess OF the amoaW CT
'Wo NOUNS lnstalfEaents. -..aa
5. sec: .: ANY dlnrector ABOUT TO absent
almsel! Iroin 6ne parish must lt nominate
n Wrltlng g subsCltaIe IN ms place,
PROVIDED such suOsblGute snall be q
mare hoider OF the ASSOCIATION
'sWmng not less taan TWO shares,
ina such su!DstlGute snaH DC enGltied 10
sea! on the DoaTa OF alfectoFs on hl-
ng MS prox4 WIN II Gne oecregafy.
ooc; {: Inc lOlloWlng na11eu per-
ons s.S snalI colstitase Gne ooara oI dlr-
cGolS 10 serve uaglI the re9uiar theeb-
~ on Jhe SECOND 19eslay "a january 1
oS1, or ulGli the4F successors are
IeGted, namely LSstie bFoussaEd,
falter A Wnlte, Opnelids DouIqu9,
Tustave Goeehau1, prurg ". Val,
'larence j. EDWARDS ana ElJah WISE
ART. VI.
Sec, |. Share holders out Of the
lnds of the association shall be enti-
led 70 loan or advance upof their
hares. provided the association is
ecured therefor by a pledge of the ;
took or shares on which said loan ora ;
dvsHee is made together with the ,
ayn1ent and accumulatiof1s present !
nd future thereon, and further, that /
hen the loan or advance is made for
10 purpose Of purchasing, rea! estate
II or improving real estate belonging