The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1898-05-28
CHARTER
State OF Louisiana. Parish OF st. Martin.

OF the mOntn Oh May Ill TIC ycot VI Oui
Lord one thousand eight hundred and
ninety eight.
Before me James Simon, notary pu-
bile in aud for the Parish Of st. Martin,
State of Louisiana, duly commissioned
and qualified, and in the preseDSe of the
witnessed hereinafter named and under
signed.
Personally came and appeared, Messrs
Louis c. Duchamp. Robert Martin. Felix
Bienvenu, Albert Bienvenu. Arthur Lab
be, TheObald J. Liable, AdOlph OrilliOn q.
Frank T. GuiIbeau and Albert +. ROus-
seau constituting the Board Of Directors
of the st. Martinyille Building and Loan
Association. said Louis c. Duchamp be
ing president and the said Robert Mar
tin being vice president thereof, all re-
sidents of the Parish of st. Martin, La,
and the said St. Martinville Building
and Loan Association being duly organ
lied corporate body of this State with
its domicile in the Town of st. Martin
vile, instituted by an act passed before
VIM. B. Eastin, Deputy Clerk and ex-
ofliciO Notary Public, Oh the 18th Of
August 1895. and of record in the RecOr =
der's office of this Parish in Book folio
583 No 1867 of mortgages, and herein
acting in their said respective capaci-
ties and for and Oh behalf of the said
corporation pursuant to the authority
on them conferred at general meeting
of the stock holders thereof held at the
Office of said corporation Oh the 9TH day
of April 1898, who said appearers decla-
red in their capacity aforesaid that in
pursuance of the provisions Of the Arti-
Gle XIII of the Charter or Act of incOr-
pOratiOn Of said Association, general
meeting Of its stock holders was coll
vened aud held at the Office of said cor
alton on the 9TH day of April 1898, for
the purpose of altering or changing and
amending or adding to the said Charter
or Act of Incorporation of the said As
ISOLATION of which said meeting con-
vened for said purpose ten days prior
notice thereof was mailed to each stock
holder. And that at said meeting all
the stockholders present and represented
bv proxy did vote unanimously for the
said Amendments proposed to be made
to said act of incorporation.
And the said appearers declared fur
ther that by virtue of the powers in
them vested as officers Of said AssOcia-
ton and in conformity with the autho-
rity on them conferred by said stock
holders. and in order to carry into effect
the said Amendment and to cause same
to be recorded they do hereby publicly
and formerly proclaim and make known
the following amendments to the act of
interpretations Of the st. Martinyille
Building and Loan Association to the
end that same hereafter aud at all time
be as hereinafter detailed and set forth
and in full force and effect as regards
all persons that are in or who may here
after become stockholders of the said
Association, tO-wit: That Article Nv Of
said corporation shall be amended 50 as
read as follows:
Article Nv.
The capital of said corporation shall
be One Million Dollars (S1,OOO.OOO) and
issued in shares, each representing two
hundred dollars (s2OO.OO to be- paid up
in weekly installments of twenty five
per share.
Minors and married women may hold,
subscribe for, transfer and withdraw
shares in the manner prescribed by law.
At the close of each fiscal year, the
net profits shall be appOrtioned and a
dividend credited to the value of each
share in force, in such manner as the
Board of Directors may determine.
Whenever the shares of any one series
BY reason of the payments on account
Of subscriptions thereto. together with
the addition Of the profits and accumu-
lations. thereon shall be worth the par
value Of two hundred dollars ($2OO,OO
each. the shares representing the series
so arrived at par shall be liauidated and
paid over to the holders thereof. on the
surrender of their certificate; and when.
ever the shares of the series last issued
shall be worth the par value of two hun
dred dollars ($2OO.OO each. the Associa-
toin shall be liquidated by three eem-
selected by the Board of Di-
rectOrs from among the share holders.
The shares shall be issued in series as