The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-15
his mr. her shares until paid.

his or her shares until paid.
All fees of attorneys, aOtaries, recorders, re-
Sisters and all expenses incurred in making or
cancelling loans. shall be paid by the respec-
tive borrowers.
The Board of Dire tOrs may make such rules
and regulations or bylaws to govern or advan-
ces on stock as they may see proper. provided
they do not conflict with this article.
ARTICLE VII
Anv shareholder who has received a loan or
advance upon his share desiring to settle and
liauidate such Indebtedness prior to the matu-
rity of the loan may do 30 either In part or IN
whole under the condition and proportion pro-
yided for Withdrawing shares, and their value
credited in part payment OF said Indebtedness.
Any part, payment under this article shall be
credited upon the borrowers note in the sum Of
One Hundred Dollars for each share redeemed
iron. pledge, and thereafter Interest shall be
paid only ON the reminder Of said note; Ynd il
desired the mortgage bearing upon the property
shall be reduced prOpOrtionateiy.
ARTICLE vii.
Shareholders not having pledged their shares
to the Association; who owe nothing upon their
shares may withdraw from the association by
giving w days notice in writing to the Secretary,
when said shareholder, ON surrender OF his Ger
tiicate, shall BIZ refunded ali tn. payments On
account Of weekly instruments ON shares made
by him, less any unpaid hnes Ut charges anu
prorata of the current years losses II any up u
the date of said notice. Each written notice OF
withdrawal shall be numbered and registered
| 10y the Secretary the order Ut their receipts
and Withdrawing shareholders shall be paid IN
rotation, rs Registered out Of the unapproprlsted
moneys in the treasury.
On the death vi any shareholder, whose share
is not pledged To the association, his her le-
raj representative shall be entitled W receive
cash the Withdrawal value OF the share at the
time OF the last payment made by such deceased
shareholder, or said representative shall be en-
titled to either transfer sand shares To others,
u continue the same by payment OF the weekly
| instaimeats; provided that said shares be re-
deemed or transferred or, notice gwen of con-
tinuelng II, within six months next following
such death. and IN lie fault or action within ,hat
time sand share and all accumuiatiOns thereof
shall cease to participate III the profits without
further notice anu shall be payable to the legal
representative of the deceased ~ days after ap-
pllcatlUn.
| ARTICLE TX.
| No shares shall be- transferred except ON the
BOOKS vi the Association, IN the presence of the
Secretary upon the surrender vi the certihcate
therefor; provided NO share in arrears can De
transferred. anu the person " whom the shares
are transferred shall accept the bylaws in like
manner ss any original member. FOR each share
~ surrendered there shall he paid - cts to The
Secretary to be credited u the Association.
| AkyiCLE X.
Special meetings Of the shareholders shall be
convened at the request iu writing of ten share
holders, stating time and object such meet
ing.
ARTICLE XI.
No shareholder shall ever BIZ held liable or re-
sponsible for the contracts faults vi the As
ISOLATION in any further sum than the amount
of his indebtedness to the ASSOCIATIONS; nor shall
the effect OF rendering this act null, OF exposing
a shareholder to any liability beyond the amount
of his OF her shares.
/. ARTICLE XII.
This act OF incorporation can be altered.
amended and modined by vote of three fourtils
of the capital subscribed. present represented
at general meeting convened for that purpose,
or the Association dissolved by a vote OF two
!. thirds OF the capital subscribed. at general
meeting convened for that purpose after ten
! days notice by the Secretary, by mailing same.
Provided that the capital shall not increased
unless majority of the shares represented at q
special shareholders meeting convened for such
purpose shall vote in favor of such be increase,
nor until such notice be given and such publi-
cation be made and such fOrmalities complied
/ with as are or may be required by law.
/ In faith whereof said appearers have signed
/ their names together with Messrs ID. Bronssard
| and Locke Pellerin competent witnesses and
= me Notary, on the date first above written, in
the town of Breaux Bridge, Louisiana. after due
reading hereof.
JOS. w. BEGNAUD, President.
: &C. REEFS, Secretrry.
Witnesses: d. BROUSSARD
LOCKE PELLERIN.
p. l.. BEGNAUD, Notary Public.