The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-07-06

liz eta,d writing a subst;,n,, non,
shall b" a sharebo,dIaan,a substitpr
sbpa ,a' owning not 10Th les d i The A.
l ~ ?nd such sub 5sta ahan five
:" . !, ! p'reetors on filing ne'' IN ne Board
"i'h Tho Secretary. ''S PROXY
The word "sbare.p
i = ,,,,, as used in this A." ArIe'ss' tI
~ A stncI XIV do not include laf,e p q,
mat Article VI of the cha,te, ),
said corporation as amondaa l' !
PC and is amended 10 ro,a '.aI
lows: wv as lo
ARTICLE VI
!, ne nc, Association at the disc,s,;,,
OF the Board OF Djrecta 9s'e. 10
make use of its fund, in an y' md a'a \,
a. ways prescribed below, to o1 W;t u
IL may lend money at jnte,o.,
mortgage security, or to sbsr.
holders on the simple pIedr ," Il
ther stock together with thes , ~, VI
monts and accumulation tbplrs a.
provided that loans on s,,rh stoas
security shall not exceed in amou na
the actual withdrawal value n .,a
stock at the time the loan i m, ,ia
And 1t, also, may lend money il
It's shareholders owning ainst,1
ment shares provided the Asa.
cation Is secured therefor BY Ven.
doris lien and mortgage on rs,I
estate IN the Parish OF iberia, Lon.
lsjana, and by the pledgdto The
AssociatJbF1otfAe @kSa xhrb
, the .s,asiZ9IlglgZ, aMfy1asss'
together With all payments and ae-
clmulations, present and future
thereon; and provided the hOr.
rover shall give a note therefor
at tho rate OF One hundred and
thirty tSl30 dollars fos each share
upon which an advance is made
said noto to bear interest at The
rate of eight per cent. per annum
payable weekly, and said note
shall not mature or be demandable
so long as the weekly iastallsnents
on tho pledged shares, and the
weekly portion of the interest, are
paid regularly when due until the
value OF said shares shall be ap-
piled to its liquidation.
In case of doubt as to the suifl-
cheney Of the real estate security
offered, other additional security
may be taken.
Shareholders applying for az
advance on shares failing to tender
satisfactory security therefor With
in thirty days from the application
for tho loan shall lose all rights
Hereunder provided that The
Board OF Directors may for gooa
and sufficient reasons, extend lne
time) and all costs, charges Or eS'
penses attending the examinations
Of titles and searches, shal %
charged to the borrower ana oe
lien against his or her shares un'
til paid.
All fees OF attorneys, no!afles'
recorders, registrars, ana ~ e.
pcnses incurred in making OF ( ea y.
ceiling loans, and reinscri0las
cages, except as may Oe , o eas
orwisc provided in the Bylaws s.s
shall be paid by the RESPECTIVE
borrowers.
The BOARD OF Directors .. my
make such rules and resolullon y
or Bylaws to govern loahs .
they may see fit. !,
thus done and passed at N, q.
flee in the City of New i1er '.:,; |.
Ish Of iberia, State Of LouIs'ssr ss,
on tho day, month and year a. nj !,
above written in the presellisii ob \
Nessrs, William Banmann anu ' v;t.
+. White, good and compe. :.h wh(
,esses residing in this Parish With rtf
ave signed these presents m. Mel
he par les and me, Notafs
Iuc reading of the whole.
E. F. WILLARD, Pres.
J. A, FAGOT, Vice pres'
4. II. TR0TTER
]. W. TAYLOR
q. C. LAUGHLlN
LAZARD kLINu
w. J. BERNARD
VILLA" = Notary PuD'''
WITNESSES:
WI. BAuMANN
JOHN +. WHITE.
--O--
OF LOUISIANA,
PARISH or IBERIA. !, /,
I, J. G. Leblanc, IT,: j., D, Rye;c o
+ Court and Ex-officio ne1 lberi
+ Mortgages in and .r lGr certit
'arisb, Louisiana, do he Ireno;ug &C
bat the above and fofes sorter 0
+ amendment to the cna .s;.tio
,c Iberia Building A''G ! NJ
90 flied for rccordatlon " I'm,