The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1904-02-10

to have, and enjoy succession for a
period of ~ninefy-nine years.. to con-
tract in its corporate name and like
wise to sue and be sued. to purchase,
receive. hold, mortgage. h%ypothecate,
pledge or convey property, both real
and personal. to employ managers.
agents, directors or other officers as
may be deemed necessary: and from
time to time to make and adopt such
bylaws. rules and regulations as may
be necessary or expedient: as also. to
have and use a corporate seal.
ARTICLE ii.
The dOmicile of this corporation
shall be in the town of Lafayette.
parish of Lafayette, State of Louis
lana. and all citations, writS or legal
process whatever shall be served on
the president. or in case of his absence
or inability to act, on the vice-presi-
dent of said corporation.
ARTICLE III.
The object and purpose OF this cor
pOratiOn and nature of the business to
be carried on by it are hereby declared
to be for the purpose of assisting the
members thereof in purchasing, build
ing. improving and repairing real
estate and hOmeSteadS and removing
membranes therefrOm. and for the
purpose of lOaning money to the men,
bers thereof and the conducting of
such business as may be consistent
with the terms of this charter.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at fifty thousand
$50. 900. O0) and this Association shall
commence business as soon as sever
thousand and five hundred dollars
Isl. 800 O) shall have been subscribed.
The same to be issued in consecutive
cessive series. The said capital stock
shall be divided into shares of one
hundred dollars ($1OO.W ) payable in
share: this Association may also
issue paid up. full paid and perma-
nent stock. payable on such terms as
may be hereafter fixed by the bylaws.
The capital stock of this Association
may be increased at any future day
by a vote of three-fOurths of the stock
holders at any meeting called for that
purpose by publication of at least
seven days preceding said meeting.
ARTICLE v.
When upon due compliance with the
fOrmalities required by law the stock
of this Association shall be increased,
the original stockholders shall. by
preference respectively have the priv
lege of taking care in proportion to
the shares already held by them, after
which all remaining shares shall he
disposed of at moi. less than par value
by the Board of Directors to the best
advantage and interest of the Assoc
ciatiOn.
ARTICLE vi.
All shares shall be payable by
monthly installnents of fifty cents
go cts.) The Board of Directors may
allow discount of not more than six
per cent per annum upon advance
payments on stock. The following
persons constitute the original sub
scribers to the stock of this Associa-
tiOn, to wit: JOS. Boudreaux. for
five shares: Henry Robertson. q
shares: Jos. Dugas. 1 shares: Alex
Duvergers, 1 shares: DamOville
Doucet, 5 shares: Jacques LandO,
, shares: Joshua Moore, l share:
Earnest Smith, l share: Philip Duve-
gers, l share: AlphOnse Alexis. L
share: Arthur Bourges, ? shares: A.
f. WOodley, 5 shares: J.. F.. Pellerin.
4 shares: Alcide Babineaux, l share:
S. A Fisher, l share: Jesse Couch, ,
shares: Jos. Prade. l share: A.
Washington, l share: Elizabeth |
DOucet, l share: Oscar Figaro. l
share: Adam Figaro, 2 shares: H. 3.
Hawkins, I shares: Paul Breaux, ST.,
l share: Achille Figaro, 2 shares:
Benjamin Lilly. l share: Jos. Hayes,
l share: Willie Williams. : shares:
Hanna Washington, l share: Lucien
Montgomery. l share: Jos. Primeaux,
l share: F. c. Canaway, 2 shares:
Address, 2 shares: Willie
l share: Jake Dorsey. ,
shares: F. Hams, : shares: Mantel
Martin, , shares: A. P. Mouton, 2.
shares: and Paul Bonnet, l share.
ARTICLE VII.
Shares may be issued by the Board
of Directors as paid stock, in pay
ment for property acquired by the
Association, for payment of labor
done or for services rendered and
accepted, twO-thirds of the Board con-
senting.
ARTICLE WIS
The nOn-payment of monthly INSTALL
ments on shares shall subject the
owner to an additional liability of
FIVE cents per month on each share
and a failure to pay such INSTALL
ments for six consecutive months
shall operate an absolute forfeiture
of the share or shares owned by the
delinquent, without notice, in favor of
the Association.
ARTICLE TX.
All corporate powers and the entire
management of its business shall be
in a Board of Directors to be
composed of twelve stockholders,
seven of whom shall constitute a
quarum for the transaction of business
and each Of whom shall have in mis-