The Meridional. (Abbeville, La.) 1856-1906, 1896-08-08
CHARTER.

AMENDMENTS 30 CHARTER CT
THE ABREEILGE BUILDING &
LOAN ASSOCIATION, LMTD.,-
STATE or L0UTSIAkA-PAR-
IsH GF 9EnMiLIQN.
Eeit known, That on this twenty
t0Rrtb day Of JGBe, ammo Domini. One
thousand Eight hundred and Ninety
SIX;
Before me, William B. White, a No.
tary Public. duly commissioned and
qualified III and for said state and par
ISL, and III presence Of the witnesses
hereinafter named and undersigned,
Personally came and appeared clar-
cree j. Edwards, Of lawful age and re-
siding at Abbeyille, La. herein appear
ing as the President of the Board of
Directors OF tho Aohevilfe Building and
Loan Association, Limited. a corpora
tiGn duly organized and created under
1.-THE laws OF the State Of Louisiana and
domiciled at the town OF AbbeYille
aforesaid;
And said G. ]. Edwards, President
aforesaid, declares that he appears and
acts herein by virtue of resolutions
adopted by the stockholders OF said 3 s.
sociation at d meeting held at its said
| domicile, authoriziuga and directing him
to carry ont the object of said resolu-
tions which provided for the amend
ments OF certain articles ard portions
thereof Of said Charter of said Associa-
ton, and that after all the formalities
Of the laws Of the state, and Of the
Charter Of said Corporation had been
complied with, all the stockholders of
the said Abbevil3e Building and Loan
Association, Limited, present and rep
resented at said meeting of said Asso-
citation held on the END day of May '96
unanimously voted III favor OF said pro-
posed amendments, all Of which is more
fully shown by a duly certified copy Of
sad resolutions hereto annexed and
made part hereof:
And said G. j Edwards, President,
then declared that pursuant to said
resolutions, lie does amend and declare
10 be amended, the articles Of said
Charter, all in the manner and form
and substance, as follows:
That section five of article FIVE of the
Charter be amended so as to read:
Section 5-The Directors shall elect
or appoint q secretary and such en-
ployees as may be necessary and may
fix their compensation, but no salary
shall &c paid to any member of the
Board Of Directors or officers except
the Secretary aud the president; and
they shall have power to enact bylaws
not Yepu@nnat to this Charter to elect
a place of meeting; to suspend any of
fieei or director for neglect Of daty or
Misconduct: and to nf.fne and appoint
their successors rs provided in the by
laws, and shall Lave general authority
10 carry out fEe objects and business
OF said Association. But they shall not I
have power to purchase real estate ex-
ccpt in cas- ct necessity to protect the
Association, nor contract any indebted
Eess whatever in excess Of Two months
installmonts.
Thatsection four AZ Of article four
az he amended so as to read:
seetion 1.-THE fiscal year shall end
on the first Saturday Of July Of each
year.
That section one III Of article five
(51 be amended so as TO read:
Section 1.-The corporate powers of
the Association shall be exercised by
seven Directors, each of whom shall
own noe less than two shares and who
shall be elected by the share holders
on the Third Tuesday of July annually
Each stakeholder represented at said
election and not in default being enti-
tied to votesa us follows: For one share
up to five inclusive he may cast one
vote. From five shares up to ten in
elusive he may cast two votes. From
ten shares up to twenty inclusive he
may east three votes. For twenty
shares or more he may cast four
votes.
Thus done and passed at my Office at
the town of Abbeyille, La, in presence
of Edward ". Berdine and Eugene /.
Addison, competent witnesses, who
sign these presents with said appeafer
and ne, Notary, on the day and date
aforesaid, after due reading Of the
whole.
c, J. EDWARDS,
President.
Witnesses:
f. W. BERDINE.
n