The Meridional. (Abbeville, La.) 1856-1906, 1896-07-04
CHARTER.
AMENDMENTS TO CHARTER OF
THE ABBEVILLE BUILDING &
LOAN ASSOCIATION, LMTD.,-
STATE OF LOUISIANA-PAR-
ISH OF VERMILION.

LOAN ASSOCIATION, LMTD,-
STATE OF LOUISIANA-PAR-
ISL OF VERMILION.
Re it known, That on this twenty
fourth day of June, Ammo Dominl, One
Thousand Eight hundred and Ninety
Six;
Before me, William B. White, a No
tary Public, duly commissioned ana
qualified in and for said state and par
ish, and in presence of the witnesses
hereinafter named and undersigned,
Personally came and appeared Clar-
ence J. Edwards, of lawful age and re-
siding at Abbeville, La. herein appear
ing as the President of the Board OF
Directors of the Abbeville Building and
Loan Association, Limited. a corpora
tion duly organized and created under
the laws of the State of Louisiana and
domiciled at the town OF Abbevllle
aforesaid;
And said C. j. Edwards, President
aforesaid, declares that he appears and
acts herein by virtue Of resolutions
adopted by the stockholders OF saldAs-
,sociation at a meeting held at its said
domicile, authorizing and directing him
to carry out the object of said resolu-
lions which provided for the amend
ments of certain articles and portions
thereof of said Charter of said Assocla-
ton, and that after all the formallt1es
of the laws of the state, and OF the
Charter of said Corporation had been
complied with, all the stockholders I
the said Abbeville Building and Loan
Association, Limited, present and rep
resented at said meeting of said Asso-
citation held on the 22nd dayiofM May '96
unanimously voted in favor OF said pro-
posed amendments, all of which is more
fully shown by a duly certified copy OF
said resolutions hereto annexed and
made part hereof;
And said G. J. Edwards, President,
then declared that pursuant to said
resolutions, he does amend and declare
to 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 a secretary and such en-
ployees as may be necessary and may
fix their compensation, but no salary
shall be paid to any member OF the
Board of Directors or officers except
the Secretary and the president; and
they shah have power to enact bylaws
mot %repugnant to this Charter to elect
a place Of meeting; to suspend any Of
fcer or director for neglect OF duty or
misconduct; and to name and appoint
their successors as provided in the by
laws, and shall have general authority
to carry u the objects and business
of said Association. But they shall not
nave power to purchase real estate Ok
,cept in case of necessity to protect the
Association, nor contract any indebted
ness whatever in excess of two months
.installments.
That section four az of article foul
(4l be amended so as to read:
Section 1.-The fiscal year shall enc
on the first Saturday of July of eacf
year.
That section one az of article fvt
(5) be amended so as to read:
Section 1.-The corporate powers o
the Association shall be exercised b.
seven Directors, each of whom shall
own not less than two shares and VIII
shall be elected by the share holder
on the Third Tuesday of July annually
Each stakeholder represented at salt
election and not in default being emit
tied to votes as follows: For mi shar
up to five inclusive he may cast on
vote. From five shares up to ten in
elusive he may cast two votes. From
ten shares up to twenty inclusive b
may cast three votes. For twent
shares or more he may cast fou.
votes.
Thus done and passed at my Office a
the town of Abbeville, La, in presenc
of Edward w. Berdine and Eugene ]
Addison, competent witnesses, VIII
sign these presents with said appeare
and me, Notary, on the day and dat
aforesaid, after due reading of tn
whole.
C.. j. EDWARDS,
President.
Witnesses:
L. W. BERDINE.
E. /. ADDISON.