The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-07-06

venlence of said corporation may
REQUIRE: to make and establish such
Rules and regulations for
the proper management and reguia-
ton of the affairs of said corpora
ton as may be necessary and prop
er, and the same to charge and alter
at pleasure, and to do all such acts
and .thlngssaS are or may be necessary
and proper to carry out the objects
and purpose of SAID corporations;
and said corpor Hion, unless sooner
dissolved under the provisions of
this Charter, shall exist for period
of ninety nine (99)years.
ARTICLE
The domlclle of. SAID corporation
shall be in the to wn of New Iberia,
Parish of iberia, State of Louisiana.
and all citations or other Legal pro-
cess shall be served upon the Presl-
dent of said corporation, or, IN his
absence, upon the Vice President,
or, IN absence Of both of these Off
GERS, upon the Secretary.
ARTICLE Ill.
The object of this Association
shall be the accumulation of fund
from the weekly lnstallments on &C.
count Of subscriptions to the capt.
tai, rentals, premiums and loans,
the funds so accumulated to be
used for the purchase and sale of
real estate, the building, rental and
sale of homesteads, and when neoes-
sary or advisable, the loaning OF
money on mortgage Or other Sc
curity in the Parish of iberia, La.
ARTICLE
The capital of said corporation
shall be Two and one half-milllon
Dollors ($2, 500, 600. O0l and shall
be issued in shares, each represent
ing Two hundred Dollars($2OO. 90,
to be paid up in weekly install
ments of twenty five cents per share
But In computing the capital oil
said Association only shares actual
" In force at the time shall bt
counted exclusive of shares which
have matured, forfeited or beer
with 1rawn.
/ Minors and married women may
hold, subscribe for, transfer ant
withdraw shares in the manner pre-
scrlbed by law.
i At the close Of each fiscal year
the net profits shall be apportlone'
and dividend credited to the valu
Iof each share in force, in sue
manner as the Board of Director
may determine.
Whenever the shares of any on
series, by reason of the payment
on account of subscriptions thereto
together with the addition OF th
profits and accnmulations thereo
shall be worth the par value of Tw
hundred Dollars ($20O2OO) eacf
the shares representing the series s
, arrived at par shall be liqnldate
and paid over to the holders tbereo
, on the surrender OF their certificate
aud whenever the shares Of the Sc
, ries last issued shall be worth th
; par value of Two hundred Dollar
i ($20O.00) each the Associate
, shall be liquldated by three comml
{ sioness selected by the Board OF D
rectors from among the shareholt
ers. The shares shall be issued
series as determined upon by Ii
Board Of Directors. The Board I
! Directors shall have the right whe
deemed advisable to issue paid u
stock on the payment at one time /
= One hundred Dollars. Said paid u
stock shall be transferable in perso
: or by written power of ATTORNEY
} aud only on the books of the Assoc
atom. This paid up stock NAV
called IN and cancelled at any tin
) by SAID Association, after givln
thirty days notice to the
upon payment Of the face valu
Plus accrued interest. Notice mai
ed to the address gwen when Il
stock was issued or transferred sha
be sufficient, and all interest on sal
paid up stock so called IN sha
cease at the date Of redemptie
given IN said notice.
i