The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1904-02-03
shall have power and authority

name shall have power and authOrit,
to have and enjoy succession for f,
period of ninety-nine years, to cOn
tract in its corporate name and like
wise to sue and he sued. to purchase
receive, hold, mortgage, hypOthecate
pledge or convey property. both
and personal, to employ managers
agents. directors or other officers a.
may he deemed necessary: and from
time to time to make and adopt suci
bylaws, rules and regulations As ma!
he necessary OF eXpedient: as also. t.
have and use a corporate seal.
ARTICLE IL.
The dOmicile of this corporation
shall he in the town of Lafayette.
parish of Lafayette. State of Louis.
lana. and all citations, writs or legaI
process whatever shall he served or
the president. or in case of his absence
or inability to act. ON the v%ice-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 he 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
(Sj0. O)0. OO) and this Association shall
commence business as soon as seven
thousand and five hundred dollars
$ 1.5OO.W) shall have been subscribed.
The same to he issued in consecutive
installmentS, or in one or more sue
cessive series. The said capital stock
shall be divided into shares of one
hundred dollars ($lOO.O O) payable in
monthly installments of fifty cents per
share: this Association may also
issue paid ~. full paid and perma-
nent stock. payable on such terms as
may he 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
required by law the stock
Of this Association shall be increased.
he original stockholders shall, by
preference respectively have the priv
eye of taking care in proportion to
he shares already held by them. after
which all remaining shares shall he
disposed of at not less than par value
)y the Board of Directors to the best
and interest of the AssO- !
'iatiOn.
ARTICLE VI.
All shares shall be. payable bv
installments of fifty cents
30 cts The Board of Directors NAV
How discount of not more than six
cent per annum upon advance
"a yments on stock. The following
constitute the original sub
cribers to the stock of this AssOcia-
ion, to wit: JOS. BOudreaux. for
shares: Henry Robertson. :
,uvergers, 4 shares: Damoville
D shares: Jacques Lando.
shares: Joshua Moore, l share:
Smith, l share: Philip Duve-
! share: AlphOnse Alexis, l
hare: Arthur BOurges, , shares: A.
). WoOdley, ) shares: J. f. Pellerin.
shares: Alcide Babineaux, l share:
!. A Fisher. l share: Jesse Couch, .
hares: JOS. Prade, l share: A.
Washington, l share: Elizabeth
l share: Oscar Figaro, l
hare: Adam Figaro, : shares: H. B..
[awkins. 1 shares: Paul Breaux. ST..
share: Achille Figaro. : shares:
'enjamin Lilly. l share: Jos. Hayes.
share: Willie Williams, , shares:
!anna Washington, l share: Lucien
l share: Jos. Primeaux,
share: F. c. Canaway, , shares:
Ouis Address, 2 shares: Willie
l share: Jake Dorsey. 2
1ares: F. Hams, . shares: Mantel
[artin, ? shares: A. p. MOutOn. 2
Mares: and Paul Bonnet, / share.
ARTICLE VII.
Shares may be issued by the Board
I Directors as paid stock, i'm pay
for property acquired by the
.ssOclatlOn, for payment of labor
one or for services rendered and
twO-thirds of the Board con-
ARTICLE VIII,
The nOn-payment of monthly INSTALL
ents on shares shall subject the
to an additional liability of
We cents per month on each share I
nd a failure to pay such INSTALL :
ents for six consecutive months
lall operate an absolute forfeiture
the share or shares owned by the
slinquent, without notice, in favor of
Association. q
ARTICLE TX.