The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-29
CHARTER OF THE
Breaux Bridge Building and
Loan Association
As Amended May the 9Th, 1912.


month of May in the year of our Lord Nineteen
hundred and Twelve before me p. L. Begnaud
Notary Public duly commissioned and quail
fed in and for the Parish Of st. Martin, State Of
Louisiana. therein residing and IN the presence
OF witnesses hereinafter named and underslgn-
ed. personally came and appeared Messrs. j. W.
Begnaud, President and Z. Z. tees, Secretary OF
the Breaux Bridge Building and Loan Associa-
ton who declared unto me Notary and the IN
dersigned witnesses that at ID meeting of the
shareholders of the Breaux Bridge building and
Loan Association held ON May the 9th, 1872, at
It's domIcile at Breaux bridge, La, and alter ali
legal prerequisites had been observed, there ap-
Feared either III person Or by proxy lOe shares
and by unanimOus vote OF the stockholders
present ami represented the Charter or Act oi
incorporation OF SAID Dreaux brIage building
and Loan Association was amended IN the
words and ns,ures following:
ARIlCLEI L.
The name and title saIu corporation shall
he the Breaux Bridge BuIluIng and Loan Asso-
| cation anu under Its SAID corporate name IL
| shall have power ID contract sue and be sued,
| 10 make and use corporate seal anu the sanie
10 after aud break at pleasure, 10 hold receive,
lease. purchase, convey ana pledge under It's
corporate name property both real and person.
| ia; 40 lend money on security; 10 name and ap-
point sucn ohicers and agents the Interest
| and convenience vi said association may re-
qulre; to make and ESTABLISH such bylaws, rules
anu regulations Tor the proper management and
regulation OF the affairs OF said corporation
may be necessary anu proper and the same 10
change ana alter at pleasure. anu 10 do all such
acts and things aud MAY De necessary and
proper To carry out the objects and purposes ol
| SAID CORPORATIONS; anu sand corporation unless
| SOONER dissolved under the provisions vi this
| Charter, shall exist tor ID period vi (ys) Ninety
nine years.
| AkIiC h Ill.
| The domiciie vi said corporation shall be III
| the town vi Dresux bulge, Lid, aud all citation
aud Otner legal process snail be served upon the
fresluenI oI said corporation, Or III his absence
upon the Vice President, or III the absence ot
both oI these oflcers upon the Secretary.
| AhIlI LIE Iii.
Tne object oi TINS association shall be the
emulation oI funds lrUm weekly Instailments,
| On account ot subscriptions To the capital STOCK,
| rentals, premiums and interest ON loans, the
fun,is 50 accumulated De used Tor the pur-
chase anG saLs of estate, the building ren-
tai and sale oil horlesteads, and when necessary
and dvIsabie the loanIng or money mort
gage secur.ly, In the Parish of 81. Martin.
ARTICLE iV.
The Capital of this corporation shall be One
Hundred Thousand Dollars, and shall be repre-
scented by zO2 shares Oh two hundred dollars
each which nave been subscribed To this date
May the oth, 1872 which shall he recognized il
The order Ia winch it has been Issued; and al
stock issued from this uiiy shall he Represented
by shares of One Hundred Dollars each, and
snail under OF the three plans. Full
PAID SlUCh, IN TALLMENf STICK, VI
DAYTON STOCK, and shall be issued only il
such amounts the Doard OF Directors sinai
, determine.
tULL PAID STOCK shall be paid in full a
the time OF it's issue. lNStALLMENT STUCt
shall be paid in weekly payments oil twenty-fv,
cents per share, for free shares, pledged sharei
shall pay 80 cents per share pee week, from
which the interest shall be tlrst deducted an,
the balance credited to installments, or in suci
amounts as the Board of Directors shall deter
mine. DAYTON STOCK shall be paid in sucl
amounts and at such time the stockholde
may determine.
|
ted into Full Paid Stock by the holder payin;
the difference between the present face value o
such stock. or when such stock reaches its fac
value. provided that certificates of full pait
stock shall be issued only on such terms an,
conditions as may be prescribed in the by laws
Minors may hold stock through their parent
or tutors and married women i'll their own right
Payments ON current shares. instruments ant
interest, shall be due and payable weekly Oh
each Saturday at the Office of the Association
and all payments shall be imputed % to tn
settlement of interest due CD TO the instalment
on shares (3) the reimbursement Of moneys pai(
for the account of the shareholder; providet
that the order of imputation may be changed a
: the discretion of the Board of Directors.
On shares pledged as additional security OIL
real estate loans, the weekly interest ON sucl
loans shall be first deducted fron each payment
and the difference credited as payment on thu
stock; provided that additional payment may 10
made at any time or in any amount at the OPP
ton of the shareholder.
: Shareholders shall have the right TO Withdraw
from the Association the amount paid in, TO
gether with the accumulated profits due thereon
at the preceding dividend time, less any charge,
and proportion of losses, if any, upon filing
written notices of withdrawal, which shall %,
registered by the Secretary in order of their re
ceipt, and withdrawing shareholders shall b,
paid in order registered, out of the first un
appropriated money i'll the treasury; provide,
that not more than one half the monthly re
ceipts shall ever be used for the purpose liqui
dating matured, withdrawn or paid up stocl
unless there be an over accumulation of fund.-