The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1908-08-18
ACT OF INCORPORATION
OF THE
HOME BUILDING AND LOAN
ASSOCIATION.
STATE OF LOUISIANA, !
Parish Of LAFAYETTE. !

day Of July, In the year OF our LOrO
nineteen hundred and eight, before me,
Edward G. VOORHEES,, q notary public,
duly commissioned and sworn, in and
for the parish of Lafayette, State OF
Louisiana, and in the presence of the
witnesses hereinafter named and up-
dersiyned. personally came and APP
peared the parties whose names are
subscribed herein, who declared that,
availing themselves OF the provisions
of the laws of Louisiana. relative to
the organization of corporations, they
covenant, agree and bind themselves,
and those who may hereafter become
members of this Association for the
objects and purposes and under the
stipulations following, to-wit:
ARTICLE I.
The name and title OF said corpora
ton shall be 'sThe Home Building and
Loan Association" and under its
said corporate name, it shall have
power to contracts: sue and be sued;
to make and use a corporate seal and
the same TO break and alter at pleas
ure: to hold, receive. lease, purchase,
convey and pledge under its corpor--
ate name. property, both real and
personal: to lend money on security:
to name and appoint such officers n
agents as the interests and conven-
fence of said corporation may require;
to make and establish such bylaws,
rules and regulations for the proper
management and regulation OF the az
fairs of said corporation as may be
necessary and proper, and the same
change and alter at pleasure, and
to do all such acts and things as are
or NAV be necessary and proper to
carry out the objects and purposes OF
said corporation; and said corpora
ton, unless sooner dissolved unde
the provisions of this charter, shal
exist for q period of n~inety-nine years.
ARTICLE IL.
The domicile of said corporation
shall be in the city of Lafayette, q
ish of Lafayette, State OF Louisiana,
and IN citations or other legal process
be served upon the president OF
said corporation, or, in his absence,
nnou the vice-presldent, or, in the alb
sence OF both these officers, upon the
secretary. ,r
The object of this Association shall
the accumulation OF q fund from
the monthly installments on account
Of subscriptions to the capital, rentals.
nremiums and loans, the same SO &C
to be used for the purchase
and sale of real estate, the building,
rental, and sale of h~omesteads, and
when necessary or advisable. the loan
inc of money on mortgage security,
In the parish of Lafayette.
ARTICLE w.
The capital OF said corporation
shall be one million dCi!ars, and shall
- issued in shares, each represent
two hundred ($200.00) dollars to
paid In monthly installments OF one
per share.
Minors and married women may
hold, subscribe for, transfer and with.
draw shares in the manner prescribed
AZ the close Of each fiscal year, the
nev profits shall be apportioned and q
dividend credited TO the value OF each;
hare in force, in such manner as the
Board of Directors may determine:
When the shares OF any one series,
by reason of the payments on account
81 the subscription thereto, together
rith 9fe addition Of the profits and &c
atious thereon shall be worth
re- ~ yalne of two hundred (e200.OO)
dollars. each, the shares representing
he series so arrived at par shall be
and paid over to the hold
thereof, on the surrender OF their
and whenever the shares
az the series last issued shall be worth
1,e par value Of two hundred (9200.00)
dollars each, the Association shall be
by three commissioners, se-1
by the Board. of Directors from
lmonr the shareholders. The shares
Ihall heissued in series o. determined
apon BY the Board of Directors. The
Of Directors shall have the
light when deemed advisable to issue
paid up stock on the payment at one
lime Of one hundred dollars.
Said paid up stock shall be transfer
Eble IN person or by written power OF
lttorney, and only O.. he books of
b sAssociation., tt aid up stock
MY becalledin ar 81 .1csl'sd at any
by said Ass go : Irving
hirty days not. = Cs... upon
payment OF q ,pA e plus &C.
xAsed lntesesS Not. ; me ed to the
Iddpess given W en- - st3ck Was issu-
a or transferred sL III Je sufficient, and
III interest on said kaid up stock SO
ailed in shall cease ct the date Of re-.
lemption giveu in said notice. The
OF said stock Is otherwise en-
tiled TO all rights in the Association /
y nrnvxda6 6vf thu chartnr and hv.