The Caucasian. (Shreveport, La.) 1900-192?, 1911-06-22
of The Association a loan Of TWO
Hundred (g2OO00) dollars.


Hundred (g2O00O) dollars.
No stocKhOlder shall be entitled
to a loan on more than twenty go
shares in any one Series Of the Ser
ial Stock, and no loans shall be made
upon any Juvenile Stock. No stock
holder shall be entitled to a loan
who is in arrears to the Association.
That Article VII B be amended so
a. to read as follows:
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 mem
bers out of the same, upon such
terms and at such rates Of interest
as the Board may prescribe. Such
temporary loans shall be made for
any sum not less than Fifty ($50.OO)
dollars, or any multiple thereof, and
up to the amount paid in on the
stock. shall not run more than nine
~ days, and shall be secured by a
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 80 as to read as
follows:
In case any stakeholder shall neg
lect or refuse to pay his weekly in
stallments when due, said stock
holder 80 neglecting or refusing,
shall pay 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 and
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 titan his indebt-
edness, shall desire to settle and Ii
| quidate his indebtedness at any time
he shall have the right to surrender
| to the Association his stock with the
interest and aceumulations 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That Article TX B be repealed.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 herein con-
tanned contrary to law, | hereby ap-
prove the above and foregoing
amendments to the Charter of the
] Shreveport Mutual Building Associ-
1 alton.
/ Signed. ]. M. FOSTER,
4 District Attorney
4 The motion being put before the
meeting, all the stockholders pres
ant voted in the affirmative.
i The meeting then adjourned.
i. WIN. ]. BAYERSDORFFER,
4 Chairman
il N. Il. FLOWERS,
i Secretar!
i I hereby certify that the abovt
and foregoing is true and correc
/ copy OF the minutes of the proceed
Iings of the meeting of the stock.
i holders of the Shreveport Mutua
Building Association held May q
1911. N. L. FLOWERS,
!. Secretar,
Il Endorsed: Filed and recorded
! June 8, 1911. w. M. LEVY,
Il Deputy Clerk and Ex-Offici
Il Deputy Recorder.
| State OF Louisiana, Parish of Cad
RI do: I hereby certify that the abov
land foregoing is a true and correc
copy of the original act as the sam
now appear on file and of record /
Il my office, in conveyance book 6
81 page 373 ct seq.
Given under my hand and seal 0
office this IL day Of June 1911.
) +. A. LEONARD,
! Clerk and Ex-Officio Recorder
i Tutorship Sale.
. -. aA,g7O-In District Court, Cadd
4 Parish, Louisiana: Tutorship G