The Caucasian. (Shreveport, La.) 1900-192?, 1911-07-06
AMENDMENTS
10 charter of the Shreveport Mutu-
al Building Association

shreveport, La, May "a, iett,-
pusurant to notice, dated Nav a
1911, a copy of which is hereto an
nexed' and which has been publish
ed IN the Shreveport Times for ten
oays, meeting of the stockholders
OF the Shreveport Mutual BUILDING
ASSOCIATION was held this day at its
ONCE, No. 222 Milan street, Shreye-
port, Louisiana, at 5 o'clock. D. m.
at which meeting sixty stockholders
were present, in person or represen-
ted by proxy, said stockholders
owning and holding eight hundred
SIX shares of the stock of said AS
ISOLATION, Of the par value of one
hundred sixty-one thousand tive
hundred dollars (si6i, 100000.
Ihe meeting was organized by the
election OF VIM. J. Bayersdorffer
as chairman and N. E. Flowers as
secretary.
The chairman stated that the
meeting was called to amend the
Charter of the Association.
On motion, duly seconded, it was
resolved that Article Nv be amended
so as to read as follows:
The Capital Stock of this Asso-
citation shall be Five Million Dol
lars ($5.00o,0O0.OO), divided into
Twenty-Five Thousand Five Hun
dred {22,5OO) shares, which may be
issued as full shares of Two Hun
dred (s2O0O0) dollars each, or as
half shares of One Hundred (Si00)
dollars each; and Ten Thousand
100000 shares of Fifty $3.50 dollars
each.
The Board of Directors shall have
the power to close each Series be-
fore opening a following one when
ever shares representing any Series
shall, by reason of the payment of
installments and accumulations, be
worth the par value of Two Hun
dred 100000 dollars each; said
stock shall be payable in INSTALL
ments of twenty-five cents per
week, and no member shall own
more than twenty (20) shares in any
one Series of the Two Hundred dol
lars share stock, and designated
alphabetically, A to 7, and numeri-I
cally thereafter, beginning with the
number 26. Each share of the Ser
ial stock shall be entitled to one
vote, provided no one stakeholder
shall be entitled to vote more than
twenty shares. The Fifty Dollars
{$5000) a share stock shall consti-
tute class to be known as Juyen-
lie Stock, the dues on which shall
be payable in installments of ten
cents per week, and shall be issued
to and in the name of any minor not
over eighteen years of age, and no
member shall own more than TWEEN
ty shares. The accumulated savings
and dividends credited thereon may
be withdrawn in whole or in part
by such minor only, and his or herl
receipt will be sufficient; and the
owner OF such shares shall not bel
entitled to vote at any meeting of
the Stockholders, nor shall the stock
be transferable.
Whenever the Serial Stock, byI
reason of payments of installments |
and accumulations, shall be worth
the par value of Two Hundred
(S2O0O0) dollars per share, and thel
Juvenile Stock, by reason of pay-I
ments Of installments and accumu-l
Iations, shall be worth the par value
Of Fifty $4,000 dollars per share,
The same shall be liquidated as
speedily as is consistent with the in
.erest of the subscribers, and, when
ever the shares representing the
asst remaining Series shall be worth
BAR, the Association shall be liqui-
dated by three commissioners Sc
ected by the Board of Directors
rom among the stockholders.
That paragraph 4 Of Article IVA
De amended so as to read as fol-
ows:
All OF the stock of the book val
le OF $4,000 or more per share
If the Serial stock, or $25.00I
IT more per share OF the Ju-
renile stock, held by the stock
holders and unpledged to the
association, shall be redeemable
" said Association at the pleasure
# the Board of Directors, after Civ
ng to said stockholders thirty days
lotice, on the following terms and
The said stockholders
O have the right Of choice OF the
wo plans, to-wit:
That the following be added to
one of Article ~ A, as
ection lib, following section 4:
By said Association issuing to
aid stockholders Certificates of In