The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1904-01-27

name shall have power and authOrit,
r to have and enjoy succession for
: period OF ninety-nine years, to con
tract in its corporate name and like
wise to u and he sued. to purchase
receive, hold, mortgage, hypOthecate
pledge or convey property, both rea
n personal, to employ managers
agents, directors or other officers a.
may be deemed necessary: and from
time to time to make and adopt sucf
bylaws, rules and regulations As ma,
be necessary or expedient: as also, tC
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 Tor 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 MEM
bers thereof and the conducting of
such business as may he consistent
with the terms of this charter,
ARTICLE ".
The capital stock of this
ton is hereby fixed at fifty thousand
1850. 600. OO) and this Association shall
Ommence business as soon as seven
thousand and five hundred dollars
S7.5OO.OO) shall have been subscribed.
The same to be issued in consecutive
lnstallments, or in one or more sue
cessive series. The said capital stock
shall be divided into shares of one |
hundred dollars $500. OO) PAYABLE in
monthly installments of fifty cents per
snare: 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.
Inc capital stock of this Association
a be increased at any future day
bE a vote OF three-fOurths of the stock
holders at any meeting called for that
purpose by publication of at least
days preceding said meeting.
A1Gl1AAC W.
When upon due compliance with the
required by law the stock
Df this Association shall be increased,
original stockholders shall. by
respectively have the priv
z OF taking care in proportion to
he shares already held by them. after
which all remaining shares shall be q!
disposed OF at not less than par value ,
~ the Board of Directors to the best I
advantage and interest of the Asso-
iatiOn. =
ARTICLE vi.
AL! shares shall be payable by
1onthly installments of fifty cents I
oO cts.l The Board of Directors may /
low discount of not more than six
er cent per annum upOn advance
ayments on stock. The following =
ersons constitute the original sub y
rrlbers to the stock of this Associa- =
on, to wit: JOS. B~oudreaux. for -
We shares: Henry Robertson. . h
hares: Jos. Dugas, 4 shares: Alex h
'uvergers, I shares: Damoville ~
'oucet. 8 shares: Jacques Lando. +
shares: Joshua Moore. l share: q,
arrest Smith. l share: Philip Duve- ,,
l share: Alphonse Alexis. o,
lare: Arthur BOurges, , shares: A.
WOOdley. shares: ]. f. Pellerin, a
shares: Alcide Babineaux, / share: 81
A Fisher, l share: Jesse Couch, , d
lares: JOS. Prade, l share: A.
'ashingtOn. l share: Elizabeth IL i,
oucet, ! share: Oscar Figaro. l N
rare: Adam Figaro. ? shares: H. B. $!
awkins, 4 shares: Paul Breaux, ST., 81
share: Achille Figaro. , shares: %
enJamin Lilly, l share: JOS. Hayes. =
share: Willie Williams, , shares: X ,
Washington, l share: Lucien y
l share; DOS. Primeaux, "
share: F. C.. Canaway. ? shares:
)uis Address, 2 shares: Willie
emmings, l share: Jake Dorsey, ,
ares; F. Hams, 2 shares: Mantel
artin. ? shares: A. p. MOuton, q
ares: and Paul Bonnet. / share.
ARTICLE VII.
Shares may be issued by the Board
Directors as paid stock, in pay
INT for property acquired by the
.'sociation, for payment of labor
ne or for services rendered and
twO-thirds Of the Board con-
g.
ARTICLE VIII. p,
The nOn-payment of monthly install.
'nts on shares shall subject the
'ner to an additional liability of
e cents per month on each share !,
q q failure to pay such INSTALL 30.
'nts for six consecutive months
al operate an absolute forfeiture
the share or shares owned by the
linquent, without notice, in favor of l
Association. an
ARTICLE TX. !
II nOrv1or0< o o,,,or c-l A. .--
of its business shall be
;ted in q Board of Directors to he -
imposed of twelve stockholders.
EN- OF whom shall constitute a
arum for the transaction of business
! each of whom shall hay in nis