The Meridional. (Abbeville, La.) 1856-1906, 1899-12-02
9 TT "a RT r
ACME SAVING ASSOCIATION.
STATE OF LOUISIANA. I
PARISH OF VERMlLION. :

November. a.. d., lS.i9- before me,
WILLIAM PIEIsREPoNT EDWARDS, Il 30,
tary public, in and for the parish and
state above written, duly commissioned
and qualified, and in presence OF the W.T.
nesses hereinafter named aud signed, per-
soaally came and appeared the several
persons whose names are hereuEto SUD
scribed, who seyerally declared, fll:i6
aYailing themselves of the laws OF Louis.
lana for the organization OF works OF
public utility and advantage and others,
they have contracted md agreed, dtid do
by these presents coilvennnt &4lt agree.
and bind themselves as Well as all others
who may hereafter associate themselves
with them OF their successors, to form
and constitute a corporation and body
polite III law for the objects and purposes
and under the agreements and stipuia-
tions following, to-wit:
ARTICLE I.
The name and title of said corporation
shall be the "Acme Saving Association"
and under its said corporate name ltshall
have power and authority to have, ana
enjoy succession for the full term, and
period of ninety-nine years from and AZ
ter the date hereof TO contract, sue and
be sued; to have and to use IL corporate
seal and the same to alter and change at
pleasure; to hold. receive. lease. pur-
chase, sell, convey, mortgage and pledge
under It's corporate name property hotl
real and personal to issue bonds. to loan
and borrow money on security, TO name
aud 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 us may he
necessary and proper. II the same to
change, alter and amend ut pleasure, and
to do and perform all other acts and
things that may be required and neceS-
sary to carry ont the objects and purposes
of said corporation.
ARTICLE III.
Tie domicile Of said corporation shall
be at Abbeyille. La, and all citations or
other legal process shall lie served on the
President OF said corporation, or in his
absence on the Vice President. and in the
absence Of both OH the Secretary OF the
corporation.
ARTICLE III.
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 u safe and profitable
method Of investing the savings of the
people, and thereby encouraging t~iIerfto
save their earnings.
2nd-To aid the members of the a~ssocia-
ton i'll building, purchasingor improving
houses and property generally and es-
,peeially homes.
3rd-fo accumulate a fund from INSTALL
ments, rentals, premiums, interests and
su~ Inscriptions for stock, to be loaned to
members to aid them i'll acquiring or inl-
proving hOmesteads or other real estate,
iii purchasing real estate for the BEN
eft OF the members and improving and
building on the-same and selling the same
to members OH terms convenient to them.
and for paying off matured stock.
hPTTfHI Nv
The capital stock shall be Five Hun
dred Thousand $500, 900 Dollars, and con-
sist of ii ye thousand 5000 shares of enc
hundred $500 dollars each par value, and
be divided into the following classes
1~st-Series A Stock, to be paid for in
monthly in~stallnlents of seventy cents
per share, aud one dollar per share adj
mission fee.
2nd-Series b Stock, to be paid for in
quarterly, ~semi-lnnuak,or nnlal INSTALL
ments, in such amounts as Shalfbe equiv
alent to the monthly i~nstallments of sew
enty cents per mouth as the bylaws may
provide with like membership fee of III
dollar per share.
3rd-FulI Paid Stock, which mnst be
paid for III cash at the time Of subscfip-
ton at the rate OF Fifty Dollars per share.
and one dollar admission fee per share.
4th-Deposit or Irregular lnstallment
Stock. the value of which will depend on
bue alHculG Vdlu Ill, anu UuG interest aS-
eunulati0ns thereto Mt six per cent per
annnm. Payments on this stock may be
made ut any time according to the ability
OF the s~tockhoIdcr and may be closed at
the option OF the owner and discontinued
as provided by bylaws.
5th-Gnarantee Stock. one hundred
shares Of this stock mt the par value OF
one hundred dollars per share, amounting
to $1,000, shall be issued cOnsecutiyely
and paid for in i~nstallinents, as needed at
the direction of the board of directors.
The holders OF this stock guarantee al
other stockholders against all costs.
charges and expenses of operating the
business of the corporation takes ex-
teeptedl in excess of the expense futui 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 az such, shall not parti-
ciDate in the profits, interest or benefits
OF any other class of stock beyond the
amount set-apart and assessed us afore@
said Oh said stock. But the payments of
the installments of said guarantee stock
vshall only become due and payable after
due assessment by resolution of the board
ARTICLE ".
Minors may hold shares through their
tutors or parents and married woine in
%their WI separate right. At the close of
each fiscal year the net profits shall be APP
portioned and a dividend credited to the
value Of each share in force in the man
mel 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 Mt par shall be deemed mature, and on
surrender of the certificate sa III be liqHi-
dated and paid off as determined by the
board of directors. Any shareholders of
series stock who shall fail to pay the in
stallments on his shares for u period of