The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1896-04-11

q. MaTtlnviile Stock & Loan
Association Limited.
State OF Louisiana, Parish OF st, Martin.
OF
;YN0O1FoRATroN

Be il known and remembered that on
this sixth day Of the month Of March, in
the year of our Lord One thousa nd eight
hundred and ninety-six, before me Jas
E. Mouton, a NatOrv Public duly CON-
inissioned aud 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:
Personally came and appeared the Sc,
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. So of the General Assembly of
the wear 1889, all providing for and re-
lative to the organization of corpora
tons in this State, they have cOvenan-
ted and agreed, and do now by these pre-
sents covenant, agree and bid them
selves, as In fact they do. to constitute
themselves, as well as other persons
who may hereafter associate with them,
into corporation and body polite in
law, for the objects aud 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
porste name, this association, or corpO-
ration. shall have power and authority
TO have and enjoy succession for per-
Tod 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-
Sey property both Real aud 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-
lstiOns, rs may be necessary or expe-
dent; as also to hsTe and tAse corpor-
ate seal.
ARTICLE II.
The donicile of this corporation shall
be in the Town of st. Martinville, Par
ish Of st. Martin, in the State Of Louisi-
ana. aud 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 it, are hereby declared
to be the purchasing and selling Of pro-
perry real aud personal, the building of
all Glasses OF houses. the leasing and
renting Of same. and the conducting of
business Of such sort as may be cOnsis-
tent with the terms of this charter.
ARTICLE Nv.
The capital stock of this corporation
Is hereby flxei at the sum Of Five thou
sand doliaxN represented by one hum
ured and twenty-five shares of "Forty"
(l25|sacb. at par value; which capital
stock be increased. at any future day.
BY vOte of Three Fourths of the paid
up stock, at any meeting specially call
I'd for that purpose by publication in a
local Newspaper. serving a period Of at
least seven entire days preceding said
meeting.
ARTICLE
When; upon due compliance with
these f0rmalities, the stock shall be in
creased. the original stock holders shall,
by preference. respectively have the pri-
silege Of taking shares in proportion to
the shares already held by them, after
which all remaining shares shall be dis
posed Of. at not less than par value, by
the Board Of Directors, and to the best
Advantage and interest of the organizes
ton. ]
ARTICLE Vi.
All shares and stock shall be payable
BY monthly instalments of not less than
Fifty cents" nor more than 1.-TWO Dol
lars" and in all cases. when more than
tho minimum instalment is required.
the surplus shall be ASSESSED, as necessity
may demand, by'the Board of Directors.