The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-15

venlence of said corporation may
REQUIRE: to make and establish such
Bylaws, 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 thlngs.aS are or may be necessary
and proper to carry out the objects
and purpose Of SAID corporations;
and said corporation, unless sooner
dissolved under the provlslons of
this Charter, shall exist for period
of ninety nine (99years.
ARTICLE II.
TIE domiclle 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 fund
from the weekly lnstallments on &C.
count Of Subscriptions TO the capl-
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
curity in the Parish of Iberia, La.
ARTICLE w.
The capital of said corporation
shall be Two and one half-milllon
Dollors (s2, 500. 600. O0l and shall
be issued in shares, each represent
ing Two hundred ollars($2Oo. COY
to be paid up in weekly INSTALL
ments of twenty five cents per share.
But In computing the capital Of
said Association only shares actual
" In force at the time shall be
counted exclusive of shares which
have matured, forfeited or been
with Drawn.
Minors and married women may
hold, subscribe for, transfer and
withdraw shares in the manner pre-.
scrlbed by law.
| At the close of each fiscal year,
the net profits shall be apportloned
and dividend credited TO the value
of each share in force, in sucl
manner as the Board of Directors
may determine.
/ Whenever the shares of any ont
series, by reason of the payments
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on account of subscriptions thereto
together with the addition of thu
profits and accumulations tbereoa
shall be worth the par value of Two
hundred Dollars $4,000 OO) each
the shares representing the series 81
arrived at par shall be liquldatel
and paid over TO the holders thereo
on the surrender of their certificate
aud whenever the shares Of the sc
lries last issued shall be worth tn,
par value of Two hundred Dollar
i $500. 0O) each the Association
hall be llquidated by three commits
sione-s selected by the Board OF Di
rectors from among the sharehold
ers. The shares shall be issued il
series as determined upon by th
Board Of Directors. The Board o
Directors shall have the right whel
deemed advisable to issue paid u
stock on the payment at one time o
One hundred Dollars. Said paid u
stock shall be tran ferable in perso
or by written power Of attorney
and only on the books Of the Associ
atom. This paid up stock NAV b
called IN and cancelled at any tim
by ea1d Association, after giulnI
thirty days notice to the
upon payment of the face value
plus accrued interest. Notice mail
ed to the address gwen when th
J stock was issued or transferred shall
be sufficient, and all interest on sal,
pald up stock so called in shal
cease at the date Of redemption
given IN SAID notice.
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