The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1896-05-23
CHA1THR
Of
~5CoRFoEATI0
-OF--
st. MartinviIle Stock & Loan
Association Limited.
State O.; Louisiana, Parish OF st. Martin

this sixth day OF the month OF MaTcn'iu
The year of our Lord One thousand eight
hundred and ninety-six, before me jas.
=. Mouton. a Natorv Public duly COM
uissioned 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 60
yeral persons, whose respective names
are hereunto subscribed. and declare
that. ayailing themselves OF the provi-
sions of the general laws Of this State,
and particularly of those contained 10
Act No. SO of the General Assembly OF
the wear 1888, all providing for and re-
latiye to the organization OF corpors-
lions 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 NAV hereafter associate with them.
into corporation and body polite In
law. for the objects and purposes. and
under the stipulations. to wit:
ARTICLE
The name of this corporation shall be
the saint Martinville Stock and Loan
Association, Limited, and by that cor
porate name, this association, or corpo-
ration. shall have power and authority
to have and enjoy succession for q per-
iod of ninety nine years. TO contract In
it's corporate name. and likewise to sue
and he sued, to purchase. receive. hold
mortgage, hypothecate. pledge or con-
yey property both Real and Personal, 70
employ managers. agents. directors. OF
other officers a. 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 a corpor
ate seal.
ARTICLE II.
| The domicile of this corporation shall
he In the Town Of st. Martinville. Par
ish OF st. Martin, in the State OF Louisi'
ana, and all citations, writs or lega
process whatever shall be served on tn
President, or in casa Of his absence o
inability to act, on the vice. President o
said corporation. 3D.
i ARTICLE III.
The object and purpose Of this corpo
ration and the nature Of the business +
be carried on by it, are hereby declare
to be the purchasing and selling Of Pre-
perty real and personal, the building Q
all classes of houses. the leasing an
renting of same. and the conducting q
business of such sort as may be consis
tent with the terms Of this charter.
IL ARTICLE ". a
The capital stock Of this corporatio
is hereby fixed at the sum Of Five thou
sand dollars. represented by one hun
dred and twenty-five shares Of Forty
Cl25) each. at par value; which capits
: stock be increased. at any future da.
by vote of Three FOurths of the pal
!, up stock, at any meeting specially cal
{ ed for that purpose by publication in
local Newspaper. serving period OF
least seven entire days preceding ed
meeting.
: When. upon due compliance wit
these formalities. the stock shall be II
J, creased. the original stock holders shal
by preference, respectively have the pr
vilege of taking shares in proportion
thu shares already held by them, att
!. which all remaining shares shall be di
posed Of, at not less than par value,
the Board of Directors, and to the be
advantage and interest Of the organic
ton.
ARTICLE VI.
All shares and stock shall DO payab
by monthly instalments of not less ths
Fifty cents" nor more than Two Ok
lars" aud in all cases. when more TIL
the minimum instalment IL require
the:surplus shall be assessed. a. neceesi
- may demand, by the Board OF Director
L L.. IL ina Al inaI1