The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1898-06-18
CHARTER
State of Louisiana. Parish Of st. Martin,

of the month OF May In the year OF our
Lord one thousand eight hundred and
ninety eight.
Before me James Simon, notary pu-
bile in and for the Parish Of st. Martin.
State of Louisiana, duly commissioned
and qualified, and in the presence 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.
Frank T. Guilbeau and Albert +. R0us-
seau constituting the Board OF Directors
of the st. Martinville 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. Martinxille Building
and Loan Association being duly organ.
lied corporate body Of this State with
its domicilc i'm the Town OF st. Martin
Vile, instituted by an act passed before
Vim. B. Eastin, Deputy Clerk and ex-
officio a Notary Public, on the 10th OF
August 1895. aud of record In the Rec0r-
der's Office Of this Parish In Book Z folio
5S3 No 1867 of mortgages, and herein
acting in their said respective capaci-
ties and for and on 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 on 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 and held at the Office of said cor
alton on the 9TH day of April 1893, 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
by proxy did vote unanimously for the
said Amendments proposed to be made
To said act of incorporation.
And the said appearers declared fur
Their that by virtue of the powers In
them vested as officers of said Associa-
ton and in conformity with the sutho-
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. Martinville
Building and Loan Association to the
end that same hereafter and 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 80 as
read as follows:
Article Nv.
The capital Of said corporation shall
be One Million Dollars ($1,OOO.OOO and
issued in shares, each representing two
hundred dollars $4,000 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 q
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 $4,000
each, the shares representing the series
so arrived at par shall be liquidated and
paid over to the holders thereof. on the
surrender Of their certificate; and when.
ever the shares Of the series last issued
shall no worth fho nar valua NJ two hmm
dred dollars 100000 each. the Associa-
toin shall be liquidated by three COM
missi0ners, selected by the Board Of Dr.
rectors from among the share holders.