The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-29

1
he proper management and reguia-
lion of the affairs of said corpora
ton as may be necessary and prop
or, and the same to charge and alter
az 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 corporation:
and said corporation, unless sooner
dissolved under the provisions OF
this Charter, shall exist for period
of ninety nine (99)Years.
ARTICLE II.
The domic,le 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 lnslallments 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 w.
The capital of said corporation
shall be Two and one half-milllon
Dollors 81, 500. 900. O0l and shall
be issued in shares, each represent
ing Two hundred Dollars($2OO. OO'
to be paid up in weekly install
ments of twenty five cents per share
But In computing the capital o.
said Association only shares actual
ly IN force at the time shall b.
counted exclusive Of shares which
have matured, forfeited or BEEF
with Drawn.
Minors and married women ma,
hold, subscribe for, transfer an
j, withdraw shares in the manner pre-
scrlbed by law.
At the close of each fiscal yeal
= the net profits shall be apportlone
! and dividend credited to the valu
of each share in force, in cue
manner as the Board of Director
4 may determine.
Whenever the shares of any OF
series, by reason of the paymen
. on account of subscriptions theret'
together with the addition of Il
prOfits and accommodations therec
!; shall be worth the par value of Tv
s hundred Dollars t$20o2.O0) eac
! the shares representing the series
q arrived at par shall be liquldatt
- and paid over to the holders there
on the surrender of their cartificat
aud whenever the shares Of the {
a. ries last ISSUED shall be worth Il
49, par value of Two hundred Dolla
al 1920. 00) each the Associate
to shall be llquldated by three comm
If sioners selected by the Board of /
rectors from among the sharehol
ers. The shares shall be issued
series as determined upon by
'r- Board Of Directors. The Board
sG Directors snall have the right VIII
10 deemed advisable to issue paid
ef stock on the payment at one time
l.
ke One hundred Dollars. Said paid
ne stock shall be transferable in pers
e: or by written power Of attornt
2, and only on the books of the Asso
Of- alton. This paid up stock NAV
No called III and cancelled at any til
. by sa,d Association, after Civ
thirty days notice to the
upon payment Of the face val
plus accrued interest. Notice ms
ed to the address gwen when
e stock was issued or transferred sh
be sufficient, and all interest on q
paid up stock so called IN sh
cease at the date Of redempt
given IN said notice.
N The holders of said stock Is 9th
wise entitled to all rights IN
~. Association as provided by