The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1904-02-24

one thousand nine hundred and three,
before me, Charles ID. Gallery, q No
tary Public duly commissioned and
qualified as such, in and for the parish
of Lafayette, State aforesaid, and in
the presence of the hereinafter named
witnesses: Personally came and ap-
peared the several persons whose
names are hereuntO subscribed, who
declared that availing themselves of
the provisions of the laws of this State
and especially of Act No. 12O of the
acts of the Legislature of 1902, they
have cOvenanted and agreed and do
by these presents covenant, agree and
bind themselves. as in fact they do to
constitute themselves, as we'll as other
persons who may hereafter associate
with them, into a corporation and
body polite in law, for the object and
purposes. and under the following
s~tipulatiOns, to wit:
ARTICLE L.
The name of this corporation shall
be the 1.-The Farmers Stock and Loan
Association, Limited" and by that
name shall have power and authority
to have and enjoy succession for a
period of ninety-nine years, to con-
tract in its corporate name n like
wise to u and be sued, to purchase,
receive, hold, mortgage, hypOthecate.
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, or the vice-presi-
dent of said corporation.
ARTICLE Ill,
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
CuLlOIdIICCS Ill dA1u AOt VAAS
purpose of lOaning money to the MEM
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. OO) and this Association shall
commence business as soon as seven
thousand and five hundred dollars
Isl. 500. COY shall have been subscribed.
The same to be issued in consecutive
installments, or in one OF more sue
cessive series. The said capital stock
shall be divided into shares of one
hundred dollars ($1OO. OO) payable in
monthly installments of fifty cents per
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 proceeding 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 be
disposed of at not less than par value
by the Board of Directors to the best
advantage and interest of the Asso-
citation.
ARTICLE vi.
All shares shall be payable by
monthly installments of fifty cents
$50 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 SUBJ
scribers to the stock of this AssOcia-
ton, to wit: Jos. BOudreaux, for
five shares: Henry Robertson. 2
shares: Jos. Dugas, 4 shares; Alex
Duvergers. 4 shares; DamOville
Doucet, 5 shares; Jacques Lando,
2 shares: Joshua Moore, l share:
Earnest Smith, l share: Philip Duve-
gers, l share: Alphonse Alexis, l
share: Arthur Bourges, 2 shares: A.
f. WOOdley, s. shares; J. E. Pellerin,
4 shares: Alcide Babineaux, l share:
S. A Fisher, l share: Jesse Couch, 2
shares: JOS. Prade, l share; A.
Washington, l share; Elizabeth
Doucet, l share; Oscar Figaro, l
share; Adam Figaro, 2 shares; II. B.
Hawkins, 4 shares: Paul Breaux, ST.,
l share: Achille Figaro, 2 shares:
Benjamin Lilly, l share; Jos. Hayes,
l share; Willie Williams, 2 shares;
Hanna Washington, l share; Lucien
Montgomery, l share: Jos. Primeaux,
l share: F. C.. Canaway, 2 shares:
r o,,sC A~A~ocC . wocs Willie