The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-22

his or her shares until paid.
All foes of Attorneys, hotaries, recorders. re-
listers and all expenses incurred in making or
cancelling loans, shall be paid by the respec-i :,
tive borrowers.
The BOARD of Dire ctors may make such rules
and resulations or by Laws to govern or advan-rf
cos on stock as they may see proper. provided
they do not conflict with this article. 81 '''''
. ARTICLE VII .1 49,.
Anv shareholder who has received loan or
advance upon his share desiring to settle and
iiauidate such Indebtedness prior TO the matu-
r;tv of the loan may do 50 either in part or IN
whole under the condition and proportion pro-
y;ded tor withdrawing shares, and thear value
credited in part payment Oh said Indebtedness.
ANY part, payment under this article shall Dc
credited upon the borrowers note In the sum VI
tine Hundred Dollars ior each share redeemed
iron. pleuge, anu thereafter l.ierest Shall oe
maid only ON the Reminder of said note; anu II
DESIRED the mortgage bearing upon the property
shall be reduced propOruonateiy.
AnllCLE Nlll.
Shareholders not having pieuged their shares
o th. As,oc,atIou; VINO owe nothing upon their
ahaIes may Withdraw from the ASSOCIATION w
glying ~ days notice III writing " the Secretary
when said SHAREHOLDER, on surrender VI MS Ger
| ,,pca,e. shall be refunded ali III payments GA
account vi weekly Instalnients On shares hiauo
| a., MIN, less any unpaid lines or Charges anu
r,,,ata of lhe curreul year losses IL any up ~
| , ,,,., ar sand notice. Each written notice vi
| w,hdr,w,, sna,i DC numbered and registered
| uy the secretary the order VI their receip'S
| and Withdrawing snarenoiuers snail w pau IN
r,,at,ou. as reslslereu UuI Of the unappropriated
moneys III the treasury.
| I'm Inc death oi any shareholder, whose share
| 10 not pledged To Inc assocation' MS vi her ie-
ysl representative shall Do entitled W receive III
| cash the withdrawal value oI The share al the
| tlme "a The last pa! ment maue d! such deceaseo
slareheiuer, or said representative shall De en-
utIeu 10 either transfer siu shales 10 others, OF
| 10 continue the same W pa5 nient oi the weekly
| Instruments; proviueu ma. said shares pe ie-
| deemed or transferred OF, notice given oI CON-
unueins IL, within six months next following
sucn death, and lie i.,uit "a action ~ithih that
| lIme SAID share anu All accommodations thereof
shall cease w participate III the pronts without
| ull,,,ur notIce anu shall payable To the legal
' r.urea,,tatlye OIL the deceased ~ days after ap-
I | piIcatiou.
ARTICLE tx.
| NO shares shall be transferred except Oh the
, books .. Tie ASSOCIATION, the presence of the
secretary upon me surrender Vi the certlnca.e
,ueretor; provided no silar- III ARREARS can 10
,rausl.Ileu, ana inc person " whom the shares
are tran sierreu shall accept the bylaws IN like
manner as any original member. for each snare
a 81 surrendered there SHAH be paid - cts to the
:, | secretary to he credited ~ the Association.
= AhyiCLE n.
S,..o;aI ,,naatin,,. nf he sharphOllers shall be
"a convened at The request i'll writing OF Ten share
N | holders. stating time and object vi such meet
ing.
ARTICLE XI.
No shareholder shalt ever De held liable or re-
m sponslbie for the contracts raulIs Of the AS
"a ISOLATION in any further sum than the amount
,r of his Indebtedness to the association; nor shall
a any mere informally in the organization have
rs the effect OF rendering this act null, or exposing
at shareholder to any liability beyond the amount
r of his or her shares.
v. ARTICLE XII.
a This act OF incorporation cab be altered
ty amended and modihed by u vote of three fourth
he of the capital subscribed, present represented
in at a general meeting convened for that purpose
An or the Association dissolved by vote of tw,
r. thirds of the capital subscribed. at "a genera
he meeting convened for that purpose after tel
of days notice by the secretary, by mailing same
On Provided that the capital shall not Increases
70; unless majority of the shares represented at
d. special shareholders meeting convened for sucl
ed purpose shall vote in favor of such he increase
er nor until such notice be given and such publ
%. cation be made and such formalities compiler
at with as are may be required by law.
Oh In faith whereof said appearers have signe
EST their names together with Messrs d. Broussar
in and Locke Pellerin competent witnesses an
Ia me Notary, ON the date first above written. il
in the town of Breaux Bridge, Louisiana, after du
* reading hereof.
til JOS. w. BEGNAUD, President
Der c. C. REEFS, Secretrr,
"a Witnesses: ID. BROUSSARD
ii LOCKE PELLEhIN.
p. l.. BEGNAUD. Notary Public
lin There is no real need Of anyone bsiDl
NV trOubled with cOnStiDatiull Chamber