The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1908-07-28

ednesS prior to the maturity of the
loan, may do SO either in part III or
whole, by paying the net amount cash
received un each share. plus one eighth
of the discount bid for same for each
year or fraction of year that said
shares hav been in existence, and if
desired the pledged shares may be
surrendered to the Association and
cancelled under the condition and in
the proportion provided for withdraw
ing unpledged shares. and their value
credited in part payment of said in
~debtedneSS.
ARTICLE TX.
Shareholders hot having pledged
their shares to the Association, who
owe nothing ON their shares. may
withdraw from the Association by
giving thirty days notice in writing to
the president. when said shareholder.
on surrender of his certificate, shall
be refunded all the payments ON &C.
count of weekly in>tallments on shares
made by him, less any unpaid fines or
charges and a prorata of the current
years expenses and losses. if any, up
o the date OF his notice: provided
that a shareholder Withdrawing after
his shares have been in existence over
n year. shall receive, in addition to
the above. ten per cent of the profits
on said shares for each year they
have been in existence. Each written
notice of withdrawal shall be register
ed and numbered by the Secretary in
the order of their receipt, and with
d awing shareholders shall be paid
in rotation, as registered. out OF the
first unappropriated moneys in the
treasury.
On the death of any shareholder,
who's share is not pledged to the AS
%soclation. his or her legal represent
atlves shall be entitled to receive in
cash the withdrawal value of the share
at the time Of the last payment made
by such deceased shareholder, less
any unpaid fines or charges: or said
representative shall be entitled to
either transfer said shares to others,
or to continue the same by payment of
the monthly instaliment: provided the
said share be redeemed or transferred,
or notice given of continuing it, with
in six months next following such
death, and in default of action within
that time, said share and all accumu.
lations thereon shall become for
felted and revert to and become the
property of the Association. without
further notice.
ARTICLE X.
No share shall be transferred except
on the books OF the Association, in
the presence OF the Secretary, upon
the surrender OF the certificate therefor:
provided no shares in arrears can be
transferred; and the persons to whom
the shares are transferred shall sign
the bylaws in like manner as any
original member.
For each share so transferred there
shall be paid twenty-five cents to the
Secretary, to be credited to the Asso-
citation.
ARTICLE XI.
Special meetings of the shareholders
be convened at the request In
writing of ten shareholders, stating
the time and object of such meeting.
ARTICLE XII.
No shareholder shall over be held
liable or responsible for the contracts
faults of this Association in any
further sum than the amount of his
indebtedness to the Ass Ociation: nor
shall any mere informalitv in organi-
cation have the effect of rendering this
null, or of exposing of a share
holder to any liability beyond the
amount OF his or her share.
ARTICLE XIII. I
This act of incorporation can be
altered. amended and modified by al
OF three fourths of the shares
present or represented, at a general
meeting convened for that purpose,
the Association dissolved by
! vote OF two-thirds of the capital
subscribed, at q general meeting
convened for that purpose after
ten days notice by the Secretsr nv
oy mailing same; provided the capital
The Association shall not be in
unless a majority of all the
hares in force vote in favor of such
Increase, o until such notice be
'1ven and such publication be made
such formalities complied with as
IRE, or may be required by law.
ARTICLE XIV. {
Except in cases provided for by article
OF the Charter, each holder Of
stock, present or represented bv
proxy, shall be entitled to
'ote in all elections. and on all mat !
ers and on all questions coming be- l
ore the Association, as follows, to-
1T: one serial share up to five ex-
lusive, he may cast one vote, from
We up to ten exclusive, he may cast t
vo votes, from ten shares up to c
wenty exclusive, he may cast three !
otes, from twenty shares and over he Z
lay cast four votes. But the holding
I paid up stock shall not eptitle the J
aid holder to any vote whatever upon
ny question or election whatever in
aid Association. Shares of stock is q.
led or transferred within sixty DAYS :
preceding any election shall not
voted or represented at such elec-
on. r
ARTICLE XIV, I
The first Board of Directors is here.
Y constituted of the following share.
to-wit:- Jules Goldsmith.
lifton |. Young, o. B, Hopkins,
.arles 0. Mouton, Joseph P. Colomb,
ernand Mouton, S. E. Yandle, Paul 6
rauss. ]. Arthur Roy, George Dou-
t, and Isaac Bendel, and they shall
I'D their Offices until their success.
s are elected and qualified. The