The herald., 1912-05-30
AMENDMENT TO
CHARTER
OF CRESCENT CITY BUILDING AMI
HOMESTEAD ASSOCIATION.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be II known, that on this 9th day Of th'
| month of May, in the year Of our Lord on,
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, q
notary public, duly commissioned and quail
! flied 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 +. Morris, secretary
of said Crescent City Building and Home
tion has organized under the laws of the
State of Louisiana, as per nOtaTial act on
the date of April 18th, 1903, recorded in
mortgage office book 80, folio $50, ct sec
Said appearers declared that after due
notice given to the stockholders of said as
ISOLATION in compliance with the charter
Of said company, and the laws of this state
general meeting of the stockholders OF
said association was held on the LIST day
of Nav, 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
10 attached and marked by me, notary, NE
Narietur' 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 identii
cation with this act.
That at said meeting, as appears by the
extract OF the minutes, three hundred and
SiXty-four shares of stock of the Crescent
City Building and Homestead Association
were present and votes in favor of amend.
ing articles 4 and of the charter of said
association.
Now, therefore, in order to carry out the
vote of the said stockholders, and to give
publicity, the said amendments adopted 10y
said stockholders at said meeting, the said
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 and
; of the charter of said Crescent City Build
Ing and Homestead Association were hereby
modified and changed as follows, to-wit:
ARTICLE ".
Sec. IL. On January 1st and July 1st,
of each year, the board OF directors shall
ascertain the earnings of the association
for the preceding six months and out OF
such earnings they shall deduct all the e1-
penSes of the association for such time, and
the balance remaining, after setting aside,
II the directors see fit, such an amount as
they shall deem best, to a fund for cOntin-
gent losses or a surplus account, shall be
declared as a dividend to the shareholders
IN proportion TO the value or STOCK or eacn
member at the time the preceding dividend
was declared.
ARTICLE V.
Paragraph 3. The directors shall elect
from their number a president, first vice
president. second vice-president, secretary,
treasurer attorney and a notary. They
shall appoint such other officers and en-
plOyees as may be necessary, who shall hold
ofiice subject to the pleasure of the board.
GERS and employees, and any officer may
hold two offices.
Thus done and signed in my notarial Of
flee in the City Of New Orleans. on the day,
month and year, herein first above written
in the presence of Messrs. Leonard c. Vach-
er and Howell Carter, Jr., competent wit
their names with said appearers and me-
notary, after reading Of the whole
Signed: Victor f. Sylvester, president
George f. Morris, secretary. Witnesses
L. c. Vacher. Howell Carter, Jr.
ETHELRED VI. STAFFORD.
Notary Public.
/, the undersigned Recorder Of Mortgages
In and for the Parish Of Orleans State of
and foregoing amendment to act Of incor.
poration of the Crescent City Building and
Homestead Association, was this day duly
recorded in my office. in book 1855, folio -
New Orleans, May 10, 1912.
(Signed) EMILE LEONARD, by. r.
ETHELRED NJ STAFFORD.
nay 16 % so june 10 20