The Caucasian. (Shreveport, La.) 1900-192?, 1911-06-22
AMEND Fs
To Charter OF the Shreveport Mutu.
al BuildtnQ Association

ASA1s d copy u WHICH Is HeTSto Ella
nexed, and which has been publish
ed in the Shreveport Times for ten
days, meeting Of the stockholders
Of the Shreveport Mutual Building
Association was held this day at Ito
office, No. 222 Milan street, Shreye-
port, Louisiana, al s O'Clock, p. IN,
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 sixty4one thousand two
hundred dollars 1874 zoo, 0O0).
The meeting was organized by the
election OF Vim. J. Bayersdorffer
as chairman and N. z. Flowers az
secretary.
The chairman stated that the
meeting was called to amend the
Charter of the Association.
On motion. duly seconded, ii 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 (s5,OO0,O 10000, divided into
Twenty-Five Thousand Five Hun
dred (22,5OO) shares, which may be
issued as full shares of Two Hun
dred (s2OOOO) dollars each, or 40
half shares Of One Hundred (si00)
dollars each; and Ten Thousand
| 100000 shares OF Fifty (s50) dollars
each.
The Board of Directors shall have
the power TO close each Series be-
fore opening q following one when
ever shares representing any Series
shall, by reason OF the payment OF
Iinstallments and accommodations, be
worth the par value Of Two Hun
bred 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 (2O) shares in any
one Series of the Two Hundred dol
lars a share stock, and designated
alphabetically, A TO Y. and numsri-
cally thereafter, beginning with the
humber 26. Each share of the Ser
| al stock shall be entitled 10 one
vote, provided no one stockholdeE
shall be entitled to vote mere than
twenty shares. The Fifty Dollars
| $4,000 a share stock shall eonsti-
tute a class to be known 40 JuveTl-
lille Stock, the dues on which shall
Il be payable In installments OF ten
cents per week, and shall be issued
Ito and in the narae Of any minor not
lover eighteen years Of age, and nc
member shall own moru than tweR-
Ity shares. The accumulated savings
land dividends credited thereon may
Ibe withdrawn i'm wholc or fn part
Iby such minor only, and his or heE
receipt will be sufficient; and ths
Iowner of such shares shall not b.
entitled TO vote st any meeting o.
1.-The Stockholders, nor shall the stesl
be transferable.
/ Whenever the Serial Stock, D!
treason OF payments Of installmsati
land accumulsGionsg shall Do worti
1.-The par value Of Two Hundrst
| (s2O0.0O) dollars psr shars. and Ia
| Juvenile Stock, by reason OF pay
| ments OF installments and aecamu.
llations. shall be worth the par value
Iof Fifty $4,000 dollars per share
1.-The same shall be hquidated .
speedily a. is consistent with the in
Iterest OF the subscribers, and. when.
lever the shares. representing tn
last remaining Series shall b worti
mar. the Association shall DO iiQut
dated by three commissioners 20
llected by the Beard OF Directors
from among the stockholders.
THAT paragraph one Of Article g
be amended 30 90 10 read - fol
lows:
All of the stock OF the book vel
lue OF si5o00 or more per shar
Iof the Serial stock, or 500
Tor more per share OF the Ju
lyenile stock, held by The stock
holders and unpledged to tn
Association, shall be redeenabl
IN said Association at the pleasur
Iof the Board of Directors. after civ
| ing TO said stockholders thirty day
notice. on the following terms en-
conditions: The said stockholder
lto have the right OF choice OF tn
1.-TWO plans, to-wit:
That the following be added
. paragraph one OF Article w 4, .
. section lib. following section I:
Nv said Association issuing
said stockholders Certificates Oh u
: dabtedness OF the denomination I
not less than One Hundred tsfo00
ldollars each, or any multiple there
Iof. the same 10 be made payable !
ln,ch periods and TO bear such faa