The Meridional. (Abbeville, La.) 1856-1906, 1896-07-11
CHARTER.
AMENDMENTS TO CHARTER OF
THE ABBEVILLE BUILDING Il
LOAN ASSOCIATION, LMTD.,-
STATE OF LOUISIANA-PAR-
ISL 0F NERMILION.

VIZ HCS 4SILI+S
ISL OF NERMILION.
Be it known, That on this twenty
fourth day Of June. Ammo Domini, One
Thousand Eight hundred and Ninety
Six;
Before me, William B. White, a No
tary Public, duly commissioned and
qualified in and for said state and par
ISL, 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 rs the President Of the Board of
Directors OF the Abbeville Building and
Loan Association, Limited. d corpora
tion duly organized and created under
the laws of the State of Louisiana and
domiciled at the town Of Abbeville
aforesaid;
And said C. j. Edwards, President
aforesaid, declares that be appears and
acts herein by virtue of resolutions
adopted by the stockholders of said as
s0ciation at a meeting held ut its said
domicile, authorizing and directing him
to carry out the object Of said resolu-
tions which provided for the amend
ments Of certain articles and 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 Abbeyille Building and Loan
Association, Limited, present and rep
resented at said meeting of said Asso-
citation held on the-22nd day of May '96
unanimously voted in favor OF said pro-
posed amendments, al of which is more
6llly shown by a duly certified copy of
said resolutions hereto annexed and
made part hereof:
And said c. j. Edwards, President,
then declared that pursuant to said
resolutions, he does amend nddeclare
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
Dr. appoint a secretary and such en-
as may be necessary and may
tx their compensation, but no salary
'hall be paid to any member OF the
Board Of Directors or officers except
he Secretary and the president; and
hey shall have power to enact bylaws
lot repugnant % this Charter to elect
place OF meeting; to suspend any Of
lcer or director for neglect OF duty or
Misconduct; and to name ard appoint
heir successors as provided in the by
avs, and shah have general authority
0 carry out the objects and business
f said Association. But they shall not
ave power to purchase real estate ex-
ept il caSe OF necessity to protect the
association, Eor contract any indebted
6ss whatever i'll excess OF two months
nstallments.
That section four az of article four
u be amended so as to read:
Section 1.-The fiscal year shall end
II the first Saturday Of July Of each
That section one ~ Of article five
be amended SO as to read:
Section The corporate powers of
ne Association shall be exercised by
even Directors, each of whom shall
WI not less than two shares and who :
hall be elected by the share holders
II the Third Tuesday Of July annually
.ach stakeholder represented at said
and not in default being enfi-
ed to votes as follows: For one share
p to FIVE inclusive he may cast one
ote. From five shares up to ten in
IusiTe he may cast tao votes. From
an shares up to twenty inclusive he
cast three votes. For twenty
lares or mor he may cast four
Otes.
Thus done and passed at my office at
he town of Abbeville, La, in presence
f Edward ". Berdinc and Eugene I.
.ddison, competent witnesses, who
gn these presents with said appearer
nd me, Notary, on the day and date
foresaid, after due reading Of the
hole.
c. J. EDWARDS,
President.
Witnesses: /
L. W. BERDINE.
Z. /. ADDISON. )
W. B. WHITE,
Notary Public.
| certify the foregoing act and an &
3zed copies are recorded in Book "E7 !,
my office at Folio Is, No. $50, June !.
Eth, 1896. :
-, w. B. WHITE. !.