The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-22
CONTINUED from SECOND PAGE. J


notice of Withdrawal shall be re
gistered and numbered by the Sc
cretary in the order of their re
ceipt, and Withdrawing share
holders SHALL be paid in rotation |
as registered, out of the first I'M |
appropriated moneys in the Treas |
ury. !
On the death of any share
holder, whose share is not pledg |
ed to the Association, his or her
legal representative shall be EN- |
titled to receive III cash the with |
drawal value of the share at the
time of the last payment made by |
such deceased shareholder, less
any unpaid fines or charges; or
said representative shall be entitl |
ed to either transfer said share to |
others, or to continue the same |
payment of the weekly Install |
ments; provided that said share be
redeemed OF transferred. or notice |
given ofcontinuing it, within the six
months next following such death,
and in default of action within
that times said sh re and all ac-
cumul tons thereon shall become
forfei ed and revert to and become
the property of the Associ ton,
without further notice.
ARTICLE X.
No share shall be transferred
except on the books of the Asso
citation, i'll the presence of the Sc
cretary, upon the surrender of the
certificate therefor; provided no
| shares in arrears can be transferr-
ed; and the person to whom the
| shares are transferred shall sign
the Bylaws i'll like manner as any
original member. For each share
SO transferred there shall be paid
twenty five cents to the Secretary,
to be credited to the Association.
ARTICLE XI.
Special meetings of the shere.
holders shall be convened at the
request in writing to ten share
| holders, stating the time and ob
| iect of such meeting.
ARTICLE XII.
| No shareholder shall ever be
| held Ii bile or responsible for the
| contracts or faults of this Associa-
| ton in any further sum then the
amount of his indebtedness to the
| Associat ton; nor shall any mere in
form4lity in organic ton have the
effect of rendering this act null, or
of exposing a shareholder to any
liability beyond the amount OF
his or her shares
ARTICLE XIII.
This act of Incorporation can be
altered. amended and modified by
vote of three fourthS of the shares
present or represented at a general
meeting convened for thatpurpose,
. or the Association dissolved by a
vote of two thirds of the capital
subscribed, at a general meeting
+ convened for that purpose, after
4 ten days notice by the Secretary
+. by mailing same Provided thu
capital of the Association shall no
i be increased unless M jority O
= all the shares in force shall vote II
= favor of such increase, nor unit
= such notice be given and sucl
% publication be made and such for
m lities complied with as are, 0
may be required by law.
ARTICLE XIV.
> Except in cases provided for b
y Article XIII. Of the Chsrter, eac
! holder of seyial stock, present Q
= represented by a written proxy
= shBll, be entitled to vote in all ele'
y tons, and on al matters and 0
all Questions coming before TIL
lie Association as follows, to witt
be One serial share up to five e.
lis elusive, he may Cast one vot'
nd from five sharess up to ten e,
ry elusive lie may cast two votes, fro
ten shares up to twenty exclusiN
&c he may cast three votes; +
en- twenty shares and over, he M
I'm cast four votes. But the holdlI
ID. of paid up stock shall not EMIT
me the said holder to any vote whs
to ever upon any question or electis