The Meridional. (Abbeville, La.) 1856-1906, 1899-11-18
c. H A Err
OF THE
SAVING ASSOCIATION.
STATE OF LOUISIANA,
PARISH OF VERMILION.S

state above written, duly commissioned
and qualified, aud in presence of the Wit
nesses hereinafter named aud signed, pei,
sonally came and appeared the several
persons whose names are hereunto u D
scribed, who severally declared, that
awaiting themselves of the laws of Louis
for the organization of works or
public utility and advantage and others,
they nave contracted and agreed, ana 40
by these presents convenant and agree,
and bind themselves as well as all others
who may hereafter associate themselves
with them or their successors. to form
and constitute q corporation and Dody
polite in law for the objects and purposes
and under the agreements and stlpula-
lions following, to-wit:'
ARTICLEI.
The name and title of said corporation
shall be the "Acme Saving Association"
and under it's said corporate name 1T shall
have power and authority to have ana
enioy succession for the full term ana
period of ninety-nine years from and al,
ter the date hereof to contract, sue Il
besued; to have and to use a corporate
seal and the same to alter and change at
pleasure; to hold, receive, lease, pur-
chase. sell, convey, mortgage and pledge
under its corporate name property both
real and personal: to issue bonds. to loan
and borrow money on security, to name
and appoint such officers, directors and
agents as the interests or need OF SAID
corporation may require. and TO MAKE
and establish such bylaws, rules and
regulations for the proper management OF
the affairs of said corporation as may be
necessary n proper. n the same 10
change, alter and amend at pleasure, n
to do and perform all other acts and
things that may be required II neces-
sary to carry cut the objects and purposes
of said corporation.
ARTICLE II.
The domicile of said corporation shall
be at Abbeville, La, and all citations or
other legal process shall be served on the
President OF said corporation, or IN hls
absence on the Vice President. and in the
absence of both ON the Secretary of the
corporation.
The object and purposes for which this
corporation is established and the nature
of the business to be carried on by it are
declared and specified to be:
1st-To furnish a safe and profitable
method of investing the savings of the
people, and thereby encouraging them to
say their earnings.
2nd-To aid the members of the associa-
ton in building, purchasing or improving
houses and property generally and es-
,pecially homes.
3rd-To accumulate afund from Install
s411Oht5s uA1IE5 ~ uhO
subscriptions for stock, to be loaned to
members to aid them in acquiring or IN
proving homesteads or other real estate
and in purchasing real estate for the ben.
eft of the members and improving and
building on the same and selling h same
to members on terms convenient to them,
and for paying Oft matured stock.
ARTICLE w.
The capital stock shall be FIVE Hun
Ivad ThnrGonl IGS00 000l Tln11opS aud nnn~
sist of five thousand $1,000 shares of one
hundred ($l00) dollars each, par value, and
be divided into the following classes:
1st-Series A Stock, to be paid for in
in monthly installments of seventy cents
per share. and one dollar per share ad-
mission fee.
2nd-Series B Stock, to be paid for in
quarterly, semi-annual or annual INSTALL
ments. in such amounts as shall be equiv
alent to the monthly installments of sew
,enty cents per month as the bylaws nay
provide with like membership fee of one
dollar per share.
3rd-Full Paid Stock, which must be
paid for in cash at the time of subscrip-
ton at the rate of Fifty Dollars per share,
and one dollar admission fee per share.
4thADepOsit or Irregular Installment
Stock, the value of which will depend on
the amount paid in, and the interest ac-
cumulations thereto at six per cent per
annum. Payments on this stock may be
made at any time according to the ability
of the stockholder and may be closed at
the option OF the owner and discontinued
as provided by bylaws.
5th-Guarantee Stock, one hundred
shares of this stock at the par value of
zone hundred dollars per share, amounting
to $4,000, shall be issued consecutively
and paid for in installments, as needed at
the direction of the board of directors.
The holders of this stock guarantee al
other stack Idle AGAINST oil anafS
charges II expenses of operating the
business of the corporation taxes ex-
tceptedl in excess of the expense fund aris-
ing from the ten cents per share per
month. the admission, transfer and with
drawal fees herein provided for the ex-
penses of the corporation. And the hold
ers OF this stock as such, shall not parti-
tcipate in the profits, interest or benefits
of any other class of stock beyond the
amount set-apart and assessed as afore-
said IN said stock. But the payments of
the installments of said guarantee stock
shall only become due and payable after
due assessment by resolution of the board
of directors.
ARTICLE ".
Minors may hold shares through their
tutors or parents and married w0men in
their own separate right. At the close of
,6ach fiscal year the net profits shall be APP
portioned and u dividend credited to the
value of each share in force i'll the
ner that may be determined by the direc-
tor. Whenever any series of shares, by
reason of payment of installments there
on, together with the interest and profits,
the accommodations and dividend credited
thereon. shall be worth the sum of one
hundred dollars each, the shares so arriv-
ed at par shall be deemed mature, and on
surrender of the certificate hall be liqui-
dated and paid off as determined by the
board of directors. Any shareholders of