The herald., 1912-05-23
AMENDMENT TO
CHARTER
OF CRESCENT CITY BUILDING AND
HOMESTEAD ASSOCIATION.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be 1t known, that on this 9th day Of the
month Of May, in the year Of our Lord one
thousand nine hundred and twelve, and of
the Independence of the United States of
America the one hundred and thirty-sixth.
before me, Ethelred Macaulay Stafford a
notary public, duly commissioned and quail
ihed In and for the Parish of Orleans, State
OF louisiana, personally came and appeared
Victor + Sylvester, president of the Ores.
cent City Building and Homestead Associ-
alton, and Mr.. George f. Norris secretary
OF said Crescent City Building and Home
stead Association, and which said associa.
ton has organized under the laws of the
State OF Louisiana, as per notarial act on
the date OF April 18th, 1908, recorded in
mortgage Office book $50, folio 1885, ct sec.
Said appearers declared that after due
notice given to the stockholders Of said as
ISOLATION In compliance with the charter
or said company. and the laws Of this state.
general meeting of the stockholders of
said association was held on the Ist dav
of May, 1909, at their office in the City Of
New orleans for the purpose of amending
the charter OF said company as will be
shown by the certificate of publication here
to attached and marked by me notary .Ne
yarietur" for Identification herewith. and
by the certified copy of the minutes of said
meeting also hereto attached and paraphed
Ne Narietur by me, notary, for identifi-
cation with this act.
That at said meeting, as appears by the
extract Of the minutes, three hundred and
slxty-four shares of stock of the Crescent
City Building and Homestead Association
were present and votes In favor of amend
association. ~
Now. therefore, in order to carry out the
vote of the said stockholders, and to give
publicity, the said amendments adopted by
n ~ 4
appearers acting in their aforesaid capaci-
ties and under authority OF the annexed
resolution Of the board of directors of said
corporation, adopted at a meeting held on
the md day OF May, 1912. do hereby pro
claim and make known that articles 4 and
of the charter of said Crescent CITY Build
Ing and Homestead Association were hereby
modified and changed as follows, to-wit
ARTICLE ~.
Sec. II. On January list and july LIST
or each year, the board of directors shall
ascertain the earnings of the ASSOCIATION
Tor the preceding six months and out of
such earnings they shall deduct all the ex
penses or the association for such time. and
II 9e tb oaldnce remaining after setting aside,
they shall deem best, to a fund for contin
gent losses or surplus account shall he
declared as dividend to the shareholders
In proportion to the value of stock of each
member at the time the preceding dividend
was declared.
ARTICLE v.
Paragraph 8. The directors shall elect
from their number a president, first vice
president, second vice-president, secretary
treasurer, attorney and a notary. They
snail appoint such other officers and en-
pIoyees as may be necessary, who shall hold
once subject to the pleasure of the board
Ihey snail NIX the compensation of all Off
GERS and employees, and any officer may
Thus done and signed in nv notar rial Of.
nee In the City Of New Orleans, on the day
inonth ana year, herein first above written
IN the presence of Messrs Leonard c. Vach,
er and Howell Carter, Jr., competent wit.
nesses of lawful age who hereunto SIGN
tnelr names with said appearers and me.
notary, after reading of the whole nv
signed: Victor E. Sylvester, president
george L. Morris, secretary Witnesses
L. I. Vacher, Howell Carter, Jr.
ETHELRED VI. STAFFORD.
Notary Public.
l, the undersigned Recorder of Mortgages
In and for the Parish of Orleans STATE ~
LOUISIANA, do hereby certify that the above
and foregoing amendment to act OF incor.
Roratlon OF the Crescent City Building and
homestead Association, was this day dnIv
recorded In my Office, in book 1O55 folio
New Orleans, May 10, 1912
tSigned) EMILE LEONARD, DIV. r.
true copy.
ErHELRED NJ. STAFFORD.
may 1e % 80 june 8 10 20 a' ru0fe