New Iberia enterprise. (New Iberia, La.) 1885-1902, 1901-05-11

vatlOn. SITUATED miles Irou NEW luoIi"
in Petite Anse. on coulee with fine
fish the year round. Price $3.50 ar
arpent.
CHARTER.
United States of America, State of
Louisiana, Parish of Iberia.
Be it known that on this 30th day OF
April. A. d. 1901, before me Fred W.
Bauman, Notary Public in and for the
Parish of Iberia, State of Louisiana, duly
commissioned and qualified and in presence
of the witnesses hereinafter named and
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 them
are shareholders in the Teche Building
and Loan Association of New Iberia, Louis
lana. and that acting in conformity with
law. meeting of the shareholders Of said
Teche Building and Loan Association, was
held at the Office of said Teche Building
and Loan Association, in New Iberia, Ibe-
ria Parish, Louisiana, on the second day of
April, 1901, in conformity with the call and
in the manner set ont by law and as re-
cited in the process verbal of the proceed
ings fled with the Secretary of State. to
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
proposition was submitted to the share
holders, and each shareholder present in
person or by proxy voted in favor of the
adoption and substitution of the following
nine (9) Articles az its charter, viz
ARTICLE 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 q
corporate. seal and the same to break or
alter at pleasure to hold, receive, lease,
purchase, convey and pledge under its
corporate name, property, both real and
to lend or borrow money on
security to establish and maintain out Of
ITS receipts Of any source such special
funds M may be necessary to cover losses,
or meet tho liability for redemption or
payment Of matured shares to name and
appoint such officers and agents a. the
interests and conveniences of said corpora
tion may require /; to make and establish
such bylaws, rules and regulations for the
proper management and regulation Of the
affairs Of said corporation a. may be neces-
sary and proper and the same to change
and alter at pleasure, and to do all such
acts and things AZ are, or may be neccs-
sary and proper to carry out the objects
and purposes of said corporation and said
corporation, unless sooner dissolved under
the provisions Of this charter shall exist
for period Of ninety-nine years.
ARTICLE II.
|. The domicile Of said corporation shall
be In the City Of New Iberia. in the State
OF Louisiana. All citations shall be served
on, the President, or in his absence, on the
Vice President, or in the absence Of both
Of these officers, upon the Secretary.
ARTICLE III.
1. The objects and purposes Of said
corporation are declared to be: Toprovide
1 means for the regular, and profitable
investment Of the savings Of its members,
By the weekly installments on
account Of its capital stock, and to loan
the funds accumulated from such savings,
from bonuses and interest upon loans,
from rentals and other sources to those
members who may desire to borrow por-
tions Of same, upon mortgage or other
security In the State Of Louisiana, or on
the shares Of the Association, as provided
In the bylaws; whereby such borrowing
members will be enabled to build or pro-
vide themselves with dwelling houses, TO
purchase buildings lots or other real prop
erty, or to do such other things "A they
may desire.
ARTICLE ".
1. No loan shall be made excent to
shareholders.
2. All loans shall be under the control
and direction Of the Board Of Directors,
who shall have the power to make such
rules, regulations or bylaws regulating the
same - II may deem necessary or expedi-
ent.
ARTICLE v.
l. The capital stock OF said Association
shall be Two Million Dollars, (o2, 600, ,OO0)
and shall be issued in shares OF One
Hundred Dollars each.
9. The aharea az thfs Association NAV b0