St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-02-04
AMENDMENT TO CHARTER.
State of Louisian

AMENDMENT TO CHARTER.
State of Louisiana,
Parish of st. Tammany
be 1t known, that on this. the iii
Gay OF January, 1911,> before mo
LEWIS u: Morgan, notary public
III ana for the parish of ST Tam
many, state OF Louisiana, and in tn,
presence OF the witnesses hereinafte,
naMed and undersigned, personall,
came and appeared first, H. J. Smith
president, and Thos. M. Burns. sec
Ietary, OF the Peoples Building ani
Loan Association, who declared thai
a general meeting of the stockhold.
ers OF the said Peoples Building and
Loan ASSOCIATION was convened al
Inelr Office in the town of Gown gton
La, on the Sd day of January, 1911
after due notice of said meeting had
0een given publication in the St
Iammany Farmer, a newspaper pub.
Hsned in the parish of st. Tammany
La, for and during ten (1O) con.
tluous days preceding said meet
ing; that said notice set out the
said purpose and object of said
meeting; that the same had been
called to determine whether or not
the charter of said corporation
should be amended by reducing the
number of board of directors of said
corporation from eleven CID stock
holders to seven (7) stockholders.
That on the above date, the meeting
convened and there was present or
represented more than two-thirds of
Tho nGnifo1 ctr Of
and by vote of more than two
thirds of the capital stock, Article v
OF this charter of the said Peoples
Building and Loan Association, was
amended so as to read as follows:
ARTICLE v.
All the powers of this corporation
shall be exercised by board of di-
rectors composed of seven stock
holders; said directors to be elected
at general meeting convened for
that purpose on. the first Tuesday
of January, each year, commencing
on the first Tuesday in January,
1912; notice of such meeting shall
be published in a newspaper of ST.
Tammany and Washington Parishes,
for the space of ten days immediate
ly preceding said election; said cleo
tion shall be by ballot at the domicile
of this corporation under the super
vision of three commissioners, stock
holders appointed by the board of
directors at the last preceding meet
ing; each share of stock is entitled
to one vote, and the stockholders
receiving majority of the votes
cast shall be elected; failure to hold
an election on the day specified shall
not dissolve this corporation, but the
directors in Office shall hold power
until an election be held after ten
days notice of the time and place
thereof; the directors shall elect
from their number president and
vice president; majority of the
directors shall be quorum for the
transaction of business; all vancan-
cies shall be filled by the remaining
members of said board of directors;
the directors shall select and appoint
q secretary, a treasurer, an attorney
and notary and such other officers
as shall be necessary, but no salary
shall be paid except to the secretary;
the directors shall have power to
make bylaws, to select a place of
meeting, to suspend any and all Of
ficers; and have general authority
to carry out the objects and business
of the association, but they shall not
have power to purchase real estate
except for cash, nor contract any
Indebtedness in excess of amount OF
cash on hand. The following named
persons shall constitute the board |
of directors to serve until the regu-
lar meeting in January, 1912, or |
until their successors are elected, to-
wit: HI. J. Smith, j. S. Jones, M. |
P. blanche, CASTOR Galmiche, Thos. |
M. Burns, C. " Guave and Paul J.
Thus done and passed in my office
in the town of Covington, Parish OF
st. Tammany Louisiana, the day,
month and year first above written,
in the presence of w. E. Blossman
and Walter Galatas, who hereunto
signed their named with the appear
ers and me, said notary, after due
reading of the whole.
, 1T. J. SMITH, President.
THOS. M. BURNS, Secretary.
LEWIS L. MORGAN,
Notary Public.
Witnesses:
W. E. BLOSSMAN.
WALTER GALATAS.
State of Louisiana,
Parish of St.: Tammany,
The above and foregoing amend
ment to the charter of the Peoples
Building and Loan Association, haV-
ing been presented to me for ap-
provaI and having examined the
same. and finding none of its pro-
visions contrary to the constitution
and laws of the State of Louisiana,
it is hereby approved. -
LEWIS L. MORGAN,
District Attorney of the 26th
Judicial District Court, in
= and for the Parish of st.
: Tammany, State OF LOUISE
ana.
I hereby certify that the annexed
md foregoing amendment to the
:harter of the Peoples Building and
-,oan Association was filed for record
IN the Of January, A. d., 1911,
Ind was duly recorded in Mortgage
Book follo on eno
II January, 1911.
= w. E. BLOSSMAN.
Deputy Clerk and Ex-oncio
Recorder, st. Tammany Par
ich Louisiana.