The Caucasian. (Shreveport, La.) 1900-192?, 1911-07-04
AMENDMENTS
To Charter OF the Shreveport Mutu-
al Building Association

Pusurant to notice, dated May IL,
1914, copy of which is hereto an
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 its
office, No. 222 Milan street, Shreve-
port, Louisiana, at o'clock, p. 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-I
sociation, Of the par value of one
hundred sixty-one thousand two
hundred dollars (si6t, 100000.
The 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 ~ be amended
so as to read as follows:
The Capital Stock of this Asso-
citation shall be Five Million Dol
lars (s5,OoO,O00.0Ol, divided into
Twenty-Five Thousand Five Hum
dred (22,5O0) shares, which may be
issued as full shares of Two. Hun
dreds (S20000) dollars each, or as
half shares of One Hundred (SiOO1
dollars each; and Ten Thousand
| 10000 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
lever shares representing any Series
| shall, by reason of the payment OF
linstallments 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 pei
week, and no member shall owl
more than twenty (2ol shares in any
one Series of the Two Hundred dol
liars a share stock, and designated
alphabetically, A to Y, and numerl-
i cally, thereafter, beginning with the
: number 26. Each share of the Ser
ial stock shall be entitled to- one
vote, provided no one stockhoidel
5 shall be entitled to vote more thar
: twenty shares. The Fifty Dollar
(S5O.0O) a share stock shall constl.
lutte a class to be known as Juven,
lie Stock, the dues on which shall
be payable il installments OF tel
] cents per week, and shall be issuet
TO and in the name of any minor no
over eighteen years Of age. and n
member. shall own more than TWEEN
ity shares. The accumulated saving
and dividends credited thereon ma,
:. be withdrawn in whole or in par
II by such minor only, and his or ne
Y receipt will be sufficient; and tn
owner of such shares shall not b
lentitled to vote at any meeting Q
the Stockholders, nor shall the stoe.
be transferable.
Whenever the Serial Stock, 0
D reason of payments of installment
and accommodations, shall be wort
: the par value of Two Hundre
(s200oo) dollars per share, and tn
Juvenile Stock, by reason OF pay
II Iments of installments and accumu
: lations. shall be worth the par valu
of Fifty $4,000 dollars per shar
the same shall be liquidated
speedily as is consistent with the IL
e terest of Che subscribers. and, wher
- ever the shares representing II
last remaining Series shall be wort
a par. the Association shall be llqu
: dated by three commissioners 81
lected by the Board of Director
a from among. the stockholders.
= That paragraph 1 Of Article u
be amended SO as to read as 10
lows:
All of the stock of the book va
4 ue OF $4,000 or more per shal
J. of the Serial stock, or 80!
or more per share Of the j.
re venile stock, held by the stocl
holders and unpledged to Il
Association, shall be redeemaE
bv said Association at the pleasu
of the Board of Directors, after 81
ing to said stockholders thirty da
notice, on the following terms a.
conditions: The said stockholde
to have the right of choice OF t
sn two plans, to-wit:
. That the following be added
= paragraph one OF Article ~ A.,
- section lib, following section
BY said Association issuing
. said stockholders Certificates OF
- debtedness OF the denomination
not less than One Hundred ($fooa
dollars each, or any multiple thel
of: the same to be made payable