New Iberia enterprise. (New Iberia, La.) 1885-1902, 1901-05-25
CHARTER.
United States of America, State of


April, A. D. 1901, before me Fred W
Bauman, Notary Public in and for tn
Parish of Iberia, State of Louisiana, dull
commissioned and qualified and in presenc
of the witnesses hereinafter named AM
undersigned, personally came and ap
peared: A. B. Murray, President, j. P
Suberbielle, Secretary and A. j. Cammack
who declared that they and each of then
are shareholders in the Teche Building
and Loan Association of New Iberia, Louis
lana, and that acting in conformity will
law, a meeting of the shareholders Of sait
Teche Building and Loan Association, wal
held at the Office of said Teche Building
and Loan Association, in New Iberia, Ibe
ria Parish, Louisiana, on the second day o.
April, 1901, in conformity with the call ant
in the manner set out by law and as re-
cited in the process verbal of the proceed
ings filed with the Secretary of State, te
which special reference is made.
The call for said meeting having been
regularly issued by the board of directors,
the publication for more than thirty days,
having been made in the "Observer" and
the notices required to be mailed to each
shareholder for more than forty days prior
to said meeting having been waived by
each and every shareholder in said Teche
Building and Loan Association, before said
meeting and said meeting being especially
called for the purpose Of changing, amend
ing, altering, substituting and adopting a
new charter in place of the present charter
and to increase the capital stock to Two
Million Dollars, and all other requirements
Of law having been complied with the
600. cuh..skAol - kn nbcro
holders, and each shareholder present in
person or by proxy voted in favor of the
adoption and substitution Of the following
nine (9) Articles de its charter, viz:
ARTICLE 1.-NAME AND POWERS.
l. The name and title Of said corporation
shall be TECHE SAVINGS AND LOAN
ASSOCIATION, and under its corporate
name, it shall have the power to contract !;
to sue and be sued to make and use a
corporate seal and the same to break or
alter at pleasure to hold, receive, lease,
purchase, convey and pledge under it's
name, property, both real and
personal to lend or borrow money on
security; to establish and maintain out of
its receipts of any source such special
funds as may be necessary to cover losses,
Or meet the liability for redemption or
of matured shares to name and
appoint such officers and agents as the
interests and conveniences of said corpora
lion may require to make and establish
such bylaws, rules and regulations for the
proper management and regulation Of the
affairs Of said corporation as may be neces-
sary and proper and the same to change
and alter ct pleasure, and to do all such
acts and things az are, or may be neces-
sary and proper to carry out the objects
md purposes Of said corporation and said
he provisions Of this charter shall exist
l0r period Of ninety mine years.
ARTICLE II.
l. The domicile Of said corporation shall
DO in the City Of New Iberia, in the State
II Louisiana. All citations shall be served
IN the President, or in his absence, ON the
Vice President, or in the absence of both
Il these officers, upon the Secretary.
ARTICLE III.
/. The objects and purposes of said
are declared to be-: To oprovide
j means for the regular, and profitable
Investment Of the savings Of it's members,
represented by the weekly installments on
recount Of its capital stock, and to loan
he funds accumulated from such savings,
rom bonuses and interest upon loans,
rom rentals and other sources to those
members who may desire to borrow por-
ions Of same, upon mortgage or other
ecurity in the State Of Louisiana, or on
he shares Of the Association, q provided
n the bylaws whereby such borrowing
members will be enabled to build or pro-
,ide themselves with dwelling houses. to
purchase buildings lots or other real prop
rty. or to do such other things az they
nay desire.
ARTICLE Nv.
l. No loan shall be made except to
hareholders.
2. All loans shall be under the. control
nd direction Of the Board Of Directors,
rho shall have The power to make such
ules. regulations or bylaws regulating the
anne o Il may deem necessary or expedi-
mt.
ARTICLE v.
l. The capital stock OF said Association
hall be Two Million Dollars, (12, ,O0O, ,O0O) |
nd shall be issued In shares OF One
hundred Dollars each.
2. The shares OF this Association may be |
{ two kinds. Running Shares, and Paid Up |
hares running shares shall Be paid ii |
reekly or monthly payments Of It least |
welve and one-half cents, (l2 10 per share |
er week. Paid up shares shall be paid
p IN null Ct the date Of their issue; pro-
ided, payments on account Of paid up |
hares may be made at any time, IN Sums |
ton dollars, or any multiple thereof per /
hare for which payment the Association