The Meridional. (Abbeville, La.) 1856-1906, 1900-01-06

dues ana UHeS Suhll w pdii Y uio
auent owner, In case the amount bid Tor
snch stock is not sufficient to pay the
amount due thereon, it, shall be bid IN by
the corporation and the shares eaIlcetied.
The amount credited to such stock IN the
Series Stock Fund" shall be divided
among the series shares as profits.
ARTICLE VI.
Series shareholders may Withdraw their
stock under such terms ard eonultlohs; "
the bylaws prescribe. The bylaws snail
also provide for the withdrawal. eontin-
uance or transfer of series stock he!d by
any shareholder i'll case Of his death, ana
for the conversion OF seiaes STOCK ih4o
paid ITO stock or equitable terms. NO
stock shall be transferred unless al as
se~sslnents. dues, fees and fines due there
on shall have first been fully PAID, nor
unless all the Indebtedness OF the hoideF
of said stock TO the association shall nave
first been fully paid, and the ASSOCIATION
shall have Il first lien and privilege on All
stock for any indebtedness OF the holdef
thereof to the association.
ARTICLE VII.
The receipts of said association shan be
divided into f0nr classes designated as:
1st-Series Stock Fund This fund shall
belong to the holders of series stock A II
Is and shall consist of series lnstalimentS
of sixty cents per month per share, paaa
bv series A stockholders and Of the quar-
terly. s~emi-aDnual or annual Instruments
paid in lieu of monthly installments OF
sixty cents, and of the interest, premiums
and profits accruing to the credit Oh SAID
stock.
2nd--Paid Up Stock Fund: This fund
shall consist of the stock payments offifty
dollars per share, Inc OF the interest,
premiums and profits aecruing to the
credit Of said stock.
3rd-DepoSit or Irregular Stock Fund:
This fnnd shall consist Of the various de-
posits made by each stakeholder, together
with interest thereon at the rate of six
per cent per anntIm during the time the
sad sums remain on deposit under the
regulations prescribed by the bylaws.
Each of said deposit0rs shall contribute
one dollar per year to the expense fund
oct of said deposils.
4th. The Guarantee Stock and Expense
Fund. This fund shall consist of the
amounts assessed IN the guarantee stock
TO be paid by the guarantee stock hold
ers, and all of admission, transfer Il
withdrawal fees, together with ten cents
per month per share on series a and b
stock, to be paid out of the instalIaents of
seventy cents per share or out OF the
equivalent thereof of the quarterly, SEMI
annual or annual instalments. 1t being
the intention that aIi monthly, quarterly,
s~emi-annual and annual instalment stock
shall pay ten-cents permonth per share to
the said expense fund and sixty cents per
share per month to the series stock fund.
Gut of this amount belonging to the uar-
antee stock and expense fund the Board
of Directors shall pay and liquidate all
the operating expenses of the corporation
for services Of whatever kind shall pay
the expense incident to the printing. adj
vertising, stationery, rent and all other
EXPENSES of the corporation. except taxes
and such expenses us are to be borne by
the borrower, and neither the series stock
fund nor any other fund shall nave any
right or claim to or participate in the
guarantee stock and expense fuud AZ any
time.
ARTICLE VIII.
Tha co-,oro+a na,gars ~ 4,.;s corroro.
So III ha xPa 49, ~ : 5oari "nn.
s t IF STa 1irnators saeh ~ T-hn,n
shaii Sw ,nt tosS than ~, =, : no. ,f ,+na's
on4ai u i ~, ~ hnr 80 ~ nni4 49, -, Z :
tI,a ossoniatinn a,13 thasa ~ 1;raetcr.
shaII lie eiactai Nv tha She ral,oidars an
a. +;rst NoTJav of an1ar of sra,y - /
wear rrbe firsf eIeefion shall Ia heii IL
9he uaar ions and aaeh shure ren,.asar+eI
at ~ MI Iii nieetinnS ana MI ~ Ia
4a,It shaTi Ia antitIad 10 csst ono wata
Nntica of elactians sbaiI he %;yas -,
a snaca nj thirtv .dars Nv nnhl;9,tinn IN
sa,ps ,,e,,-sna nav TsI,i;ehasI ~ ahbnrifI.
II ijaet i,,ns sl,r,J1 III M Itaiio4 Iii sbaIi
Ia hall aftl,a otf;na of tba narnor,t;an ~
Shherit1a n nj 1iff66 he - s 1uo p psiion W t,r -
e. ho + Ser ms' aonai + atl hr tbs ho Z, T" af
d;~aatn.s !. Xxx iaat are rra@aifea
a,aoti,ya ~ itsr.p ~ II, 1 ~ u a III,
naoa;.ns /. ! ~ :, - !, sil $50 oiugi9 = Z y
aG5e;hIe 9 La an19 aalar eg - aiae+al " oa,sa,' -, -
aiaet Gi, sha,II ie Ma - 80 $50 $50 enJ
t;,aa thn 49, 49, ~ ! I'LL a,aIu ~ az - ~ aie a =
~ ut III h ~ pa.93phii 4, ~ II. - ! har ~ ;. 49, !"
~ = a. ny 10 +b :, - 81 I rasaj frI,a f III
5e ~ eIaet = hoora Of = Jirn,.tors si,nu t nn+
eie ~ et ~ d hoalu VI ultet = SILL no
= a9r r ! - sa1s = @ ~. bs III 1ae imoa'..osnt
49, III a I \ fb s,iseid 49, i nn+i ~ IN IL
s naesss Si,1 ' 49, baa WI aia " ! az" w., tal e,le
sh l Iaay ~ os EN- q e1eF q s alfa ta g
have power to fill any vacancy occurring
III their number. They shall assume their
II, rias i.Y,taAHiA fa1xr Az ft.f,. a1Y.FiAy, aY,1