The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-06-08

Rules and regulations for
the proper management and regula-
ton of the affairs of SAID corpora
ton as may be necessary and prop
er, and the same to charge and alter
at 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 corporations;
and said corporation, unless sooner
dissolved under the PROVISIONS OF
this Charter, shall exist for period
of ninety nine (90years.
ARTICLE II.
The dom,clle 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 a fund
from the weekly lnstal!ments 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 neces-
sary or advisable, the loaning OF
money on mortgage or other Sc
curity in the Parish of iberia, La
ARTICLE ".
The capital of said corporation
shall be Two and one half-milllon
Dollors ($2, 500. 600. OOl and shall
be issued in ehares, each represent
ing Two hundred Dollars(S 5000. 00)
to be paid up in weekly install
ments of twenty five cents per share.
But IN computing the capital oil
said Association only shares actual.
Fly IN force at the time shall be
counted exclusive of shares which
have matured, forfeited or been
with irawn.
Minors and married women may
hold, subscribe for, transfer and
withdraw shares in the manner pre-
scrlbed by law,
| At the close of each fiscal year,
the net profits shall be apportloned
and dividend credited to the value
of each share in force, in such
manner as the Beard of Directors
may determine.
/ Whenever the shares of any ont
series, by reason of the payments
OH account of subscriptions thereto,
together with the addition of the
profits and accumulations thereon
shall be worth the par value of Two
hundred Dollars $4,000 oO) each,
the shares representing the series &c
arrived at par shall be liqmdated
and paid over to the holders thereof
on the surrender OF their certificate;
aud whenever the shares Of the sc.
ries last issued shall be worth the
par value of Two hundred Dollars
| ($2OO.00) each the Association
shall be liquldated by three commls-
sioners selected by the Board OF Di.
rectors from among the sharehold.
ers. The shares shall be issued II
series as determined upon by the
Board Of Directors. The Board oil
i Directors shall have the right whel
deemed advisable to issue paid III
stock on the payment at one time Of
One hundred Dollars Said paid NJ
stock shall be tran ,ferable in person
or by written power of attorney,
and only on the books Of the Associ
alton. This paid up stock may bt
called III and cancelled at any time
by rald Association, after giving
thirty days notice to the owne,
upon payment of the face value,
plus accrued interest. Notice mail.
ed to the address gwen when the
stock was issued or transferred shah
be sufficient, and all interest on said
paid up stock SO called IN shall
cease at the date Of redemption
/