The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-01
ar hor lh.ttl G,kdE Hid ,

his or her Shares si4dr psid,. u
All fees;of attofneys. h6taries, recorders ne.
pisters and all expenses incurred IN making or
e t;"" sorrav 1 ,.:-I.ii ..:t i j..
The Board of Dire ctors 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.
ANY shareholder who has received loan or
advance upon his share desiring to settle and
liouidate such Indebtedness prior to the matu-
r;tv of the loan may do so either in part or in
whole under the condition and proportion pro-
v;ded for withdrawing shares, and their value
crad;tsd in part payment of said Indebtedness.
Anv mart. payment under this article shall be
credited upon the borrowers note In the sum OF
One Hundred Dollars for each share redeemed
from. pledge, and thereafter interest shall be
maid only ON the Reminder of said note; and if
desired the mortgage bearing upon the property
shall be reduced proportionately.
ARTICLE WILL
Shareholders not having pledged their shares
| IN the Association; who owe nothing upon their
shares may withdraw from the association 10y
giving 80 days notice in writing to the Secretary,
when said shareholder on surrender of his GER
,i6cate. shall be refunded all tn" payments on
a,count of weekly instaments on shares made
| by him. less any unpaid fines or charges and
prorata of the current years losses If any up to
the date of said notice. Each written notice OF
withdrawal shall be numbered and registered
nv the Secretary in the order of their receipts
and withdrawing shareholders shall be paid in
rotation, as registered out of the unappropriated
moneys in the treasury.
On the death of any shareholder. whose share
is NO, pledged to the association. his OF her le-
gal representative shall be entitled TO receive in
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 said shares to Others
| 10 continue the same by payment OF the weekly
Instruments; provided that said shares be re-
, deemed transferred OF, notice given OF con-
tinue.ng it, within six months next following
such death. and in default OF action within that
time said share and all accommodations thereof
shall cease to participate in the profits without
further notice and shall be payable to the legal
representative OF the deceased ~ days after ap-
I plication.
ARTICLE TX.
No shares shall be transferred except ON the
books of the Association, in the presence OF the
q Secretary upon the surrender of the certificate
: therefor; provided no shares in arrears can be
r. transferred. and the person To WHOM the shares
are tran sferred shall accept the bylaws in like
manner as any original member. For each share
SO surrendered there shall be paid Is cts to the
n Secretary to he credited to the Association.
:. AkylCLE y.
49, Special meetings of the shareholders shall bt
", convened at the request i'll writing of ten share
N | holders, stating time and object of such meet
ing
ARTICLE XI
n No shareholder shall ever be held liable or re
m sponsible for the contracts faults OF the As
Vi sociation in any further sum than the amour
or of his indebtedness to the association nor shall
e, any mere informally in the organization hav
as the effect of rendering this act NULL or exposing
at shareholder to any liability beyond the amour
r. of his or her shares.
v. ARTICLE XII.
a This act of incorporation can be altered
ty amended and modified by vote of three fourth
he Of the capital subscribed present or represehte
in at general meeting convened for that purpOst
an or the Association dissolved by vote of tw
Dr. thirds of the capital subscribed, at genert
he meeting convened for that purpose after te
of days notice by the Secretary, by mailing SAINT
Oh Provided that the capital shall not increase
,e; unless majority of the shares represented at
ID special shareholders meeting convened for sue
ed purpose shall vote in favor of such be increas
Ter nor until such notice be given and such publ
ro- cation be made and such formalities compile
at with as are may be required by law.
oh In faith whereof said appearers have signe
est their names together with Messrs ID. Broussar
in and Locke Pellerin competent witnesses an
IA me Notary, on the date first above written.
in the town of Breaux Bridge, Louisiana, after dr
ok reading hereof.
til JOS. w. BEGNAUD, Presiden
per C. G. REEFS Secretrr
va Witnesses: ID. BROUSSARD
nj LOCKE PELLERIN.
p. l.. BEGNAUD. Notary Publ
lin There is 10 real need Of anyone bein