The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-22

Venlence or said corporation may
'euulre: to make and establish such
BYLAWS, Rules and regulations for
he proper management and reguia-
ion of the affairs Of SAID CORPORA
ton as may be necessary and prop
sr, aud the same to charge and alter
at pleasure, and to do all such acts
and thlngs.as are or may be necessary
and proper to carry out the objects
and purpose of SAID corporations;
and said corporation, uuless sooner
dissolved under the PROVISIONS of
this Charter, shall exist for a period
of ninety nine (99)Years.
ARTICLE II.
The domlclle of, SAID corporation
shall be in the town 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 III.
The object of this Association
shall be the accumulation of a 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 neces-
sary or advisable, the loaning of
money on mortgage or other Sc
curitv in the Parish of iberia, La.
ARTICLE ".
The capital of SAID corporation
shall be Two and one half-milllon
Dollors ($2, 500. 900. OOl and shall
be issued in shares, each represent
ing Two hundred Dollars(s2o 00)
to be paid ny in weekly install
ments of twenty five cents per share.
But In computing the capital OF
said Association only shares actual.
ly In force at the time shall be
/ counted exclusive of shares which
have matured, forfeited or beer
with 1rawn.
Minors and married women may
hold, subscribe for, transfer an(
withdraw shares in the manner pre-
scrlbed by law.
| At the close Of each fiscal year
the net profits shall be apportlonet
and dividend credited TO the valu
| of each share in force, in sucl
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 tn
profits and accumulations thereo
shall be worth the par value of Tw
hundred Dollars $4,000 OO) eacl
the shares representing the series 8
; arrived at par shall be liquldate
and paid over to the holders thereo
!, on the surrender of their certificate
aud whenever the shares Of the 81
ries last ISSUED shall be worth th
par value of Two hundred Dollar
($20O.0O) each the Associate
; shall be liquldated by three comml
{ sione-s selected by the Board of D
rectors from among the sharehol,
ers. The shares shall be issued
series as determined upon by II
: Board Of Directors. The Board ,
G Directors shall have the right whe
q deemed advisable to issue paid i
y stock on the payment atone time
e One hundred Dollars. Said paid i
e stock shall be transferable in perst
}: or by written power of atterne,
/, and only on the books of the Assoc
r at,on. This paid up stock NAV |
q called IN and cancelled at any TIN
. by eaid Association, after givlr
thirty days notice to the
upon payment of the face valu
plus accrued interest. Notice maj
ed to the address gwen when Il
\ stock was issued or transferred sha
be sufficient, and all interest on ga
paid up stock so called III shs
cease at the date Of redemptit
given IN said notice.
Tho hnldnra IF eo,d S4ooE 10 rthx