The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1896-05-09
CHARTER
OF
instrumentation
OF
st. Martinville Stock & Loan
Association Limited.
State OF Louisiana, Parish Of st. Martin

State OF Louisiana, Parish OF 81. MaItin'
Re it known and remembered that on
this sixth day OF the month OF March, IN
the wear of our Lord One thousand eight
hundred and ninety-six, before me Jas.
=. Moufon, a Natorv Public duly COM
missioned and otherwise qualified IN
and for the Parish of st. Martin. in the
State of Louisiana. and in the presence
Of the hereinter named and subscribing
witnesses:
Personlly came and appeared the &C.
veral persons, whose respective names
are hereunto subscribed. and declare
that. availing themselves Of the provi-
sions of the general laws Of this State,
and particularly of those contained in
Act No. Sc OF the General Assembly OF
the wear 1883, all providing for and re-
lative to the organization OF corpora
tions In this State. they have covenan-
ted and agreed, and do now by these pre-
sents covenant, agree and bind them
selves, as in fact they do. to constitute
themselves, as we'll as other persons
who may hereafter associate with them.
into corporation and body polite In
law, for the objects and purposes. and
under the stipulations. to wit:
ARTICLEI.
The name of this corporation shall be
the saint Martinville Stock and Loan
Association, Limited, and by that cor
porate name, this association, or corp0-
ration, shall have power and authority
to have and enjoy succession for a per-
iod Of ninety nine years, TO contract in
| its corporate name, and likewise to sue
and be sued, to purchase, receive. hold,
mortgage, hypothecate, pledge or con-
vey property both Real and Personal, to
employ managers. agents. directors. or
other officers as may be deemed cOnve-
nient; and from time to time to make
and adopt such bylaws. rules and regu-
lations, as may be necessary or expe-
dent; as also to have and use cOrpor-
ate seal.
ARTICLE II.
The domicile Of this corporation shall
be in the Town of st. Martinville, Par
ish Of st. Martin, in the State Of LOuisi-
ana, and all citations, writs or legal
process whatever shall be served on the
President, or in case Of his absence or
inability to act. on the vice President Of
said corporation.
ARTICLE Iii.
The object and purpose Of this corpo'
ration and the nature Of the business to
be carried on by 1t, are hereby declared
to be the purchasing and selling Of pro
!. perty real and personal, the building Of
J. all classes of houses. the leasing and
e renting of same, and the conducting Of
> !, business of such sort as may be consis-
5 tent with the terms Of this charter.
ARTICLE Nv.
The capital stock of this corporation
is hereby fixed at the sum Of Five thou
sand dollars. represented by one hun
bred and twenty-five shares Of Forty
u25) each, at par value; which capita
: stock be increased. at any future day
!. BY a vote of Three FOurths of the pait
up stock, at any meeting specially call
ed for that purpose by publication in I
local Newspaper. serving period Of a
least seven entire days preceding salt
meeting.
ARTICLEv.
When. upon due compliance will
I. these formalities. the stock shall be in
creased. the original stock holders shall
by preference. respectively have the pri
vilege of taking shares in proportion +
tho shares already held by them. afte
which all remaining shares shall be dis
posed Of. at not less than par value, b.
the Board Of Directors, and to the bes
advantage and interest Of the organiza
ton. a..
ARTICLE VI. o..
All shares and stock shall be payabl
by monthly instalments Of not less tha
Fifty cents" nor more than Two Dol
lars" and in all cases. when more tina
the minimum instalment is required
the;surplus shall be assessed. as necessit