The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-07-06
CONTINUED FROM SECOND PAGE. }


notice of Withdrawal shall be re.
| gistered and numbered 10y 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 piedg-
eel to the Association, his or her
legal representative shall be en-
titled to receive in 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 tran sfer said share to
others, or to continue the same
payment of the weekly INSTALL
ments; provided that said share be
redeemed or transferred, or notice
given of continuing it,within the six
months next following such death,
and in default of action within
4
that time, said share and all ac-
cumulations thereon shall become
forfei' ed and revert to and become
the property of the Association,
without further notice.
ARTICLE X.
No share shall be transferred
except on the books of the Asso-
citation, in the presence of the Sc
cretary, upon the surrender of the
certificate therefor; provided no
shares in arrears can be trsnsferr-
ed; and the person TO whom the
shares are transferred shall sign
the Bylaws in 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 OBJ
| ieet of such meeting.
ARTICLE XII.
No shareholder shall ever be
held liable or responsible for the
contracts or faults of this AssOcia-
ton in any further sum than the
amount of his Indebtedness to the
Association; nor shall any mere in
formality in organization 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 IncorpoI alton can be
| altered, amended and modified by
vote of three feurths of the shares
present or represented at 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
ten days notice by the Secretary,
by mailing SINE Provided the
capital of the Association shall not
be increased unless a majority OF
all the shares in force shall vote in
favor of such increase, nor until
such notice be given and such
publication be made and such for
mslities complied with as are OF
may be required by law.
ARTICLE XIV.
Except in cases provided for by
Article XIII. Of the Charter, eacl
holder of sevial stock, present OF
: represented by a written proxy
) shall, be entitled to vote in all elec
lions, and on all matters and OF
all qtestions coming before TIT
Association as follows, to witt
, One serial share up to five ex
elusive, he may cas- one vote
: from five sllaress up to ten ex
elusive he may cast two votes, from
. ten shares up to twenty exclusive
! he may cast three votes; TO
twenty shares and over, he ma.
cast four votes. But the holdin.
of paid up stock shall not entitl'
the said holder to any vote what
! lever upon any question or election