The Caucasian. (Shreveport, La.) 1900-192?, 1911-06-25

Two

OF JHe ASSOCIATION lOdu VI
Hundred (S2OOO0) dollars.
No stockholder shall BIO entltieu
to a loan on more than twenty l1oi
shares in any one Series of the SER
iaI Stock, and no loans shall be mace
upon any Juvenile Stock. No stock
holder shall be entitled to q ioau
who is III arrears to the Association.
That Article VII b be amended 50
as to read as follows: L
Should there at any time be mon
ey in the Treasury not called for by
borrowing members or withdrawing
members, the Board Of Directors
may make temporary loans TO meLIl-
bers out Of the same, upon sues
terms and at such rates OF interest
as the Board may prescribe. Such
temporary loans shall be made 1qK
any sum not less than Fifty (So0OOl
dollars, Ur any multiple thereof, ana
up to the amount paid in on the
stock, shall not run more than nine
ty days. and shall be secured by q
pledge OF stock in this Association,
on which there has been deposited
not less than the amount loaned,
and the interest thereon to matur-
ity.
That paragraph one of Article
VIII be amended so as to read as
follows:
In case any stakeholder shall neg
L. 10 10
stallments when due, said stock
holder so neglecting or refusing,
shall pay a fine on each share Of
the Serial Stock held by him or
her of five cents for each month for
the first three months and ten cents
for each month on each share for
the succeeding months; and on each
share Of the Juvenile Stock held by
him or her of two cents for each
month. And any stakeholder, who,
for the term Of six months, shall
fail to pay the installments due on
his or her stock, may by reason OF
such failure forfeit all payments
previously made by him or her, to-
gether with the profits, interest ard
accumulations thereon, which shall
revert to and become the property
Of the Association.
That paragraph one of Article TX
be amended so as to read as fol-
lows:
If any Stakeholder who is indebt-
ed to the Association, the value of
his stock being less than his indebt-
edness, shall desire to settle and liz
quidate his Indebtedness at any time,
he shall have the right to surrender
TO the Association his stock with the
interest and aCcumulations thereon,
at it's withdrawal value, in part pay
ment of such indebtedness, provided
he pays the balance of said indebt-
edness in cash.
That Article TX B be repealed.
There being nothing heDein con-
tanned contrary to law, hereby ap-
prove the above and foregoing
amendments to the Charter of the
Shreveport Mutual Building Associ-
alton.
(Signed). ]. M. FOSTER,
District Attorney.
The motion being put before the
meeting, all the stockholders pres
snt voted i'll the affirmative.
The meeting then adjourned.
WIN. J. BAYERSDORFFER,
Chairman
~ E. FLOWERS,
Secretary
hereby certify that the above
and foregoing is true and correct
copy of the minutes of the proceed
ings of the meeting of the stock
holders Of the Shreveport Mutual
Building Association held May "a,
1914. N. f. FLOWERS,
Secretary
Endorsed: Filed and recorded,
June 5, 1911 w. M. LEVY,
Deputy Clerk and Ex-Officio
Deputy Recorder.
State Of Louisiana, Parish of Cad
do: | hereby certify that the above
and foregoing is a true and correct
copy Of the original act as the same
now appear on file and Of record in
my office, in conveyance book 81,
page 1913 ct seq.
Given under my hand and seal of
office this 10 day of June 1911.
F. A. LEONARD.
Clerk and Ex-Officio Recorder.
Tut0rship Sale.
No. t4,279--In District Court, Caddo