The weekly Iberian., 1912-06-29
ARTICLE VI

ne Association at the disero,io,
OF tho Board OF Director, ',,u mo
make use OF its funds in any md Il
me ways prescribed below. 10 VII.
1T may lend money at intpresl .,
mortgage security, or to sb,,o
holders on the simple pledge ii
thor stock together with the nav
monts and accumu'ations thprpo,
provided that loans on sueb s,o,t
security shall not exceed in amourt
the actual withdrawal value Of ,,id
stock at the time the loan il made,
| Ana 1t, also, may lend money 10
its shareholders owning anst,l.
ment shares provided the Assp.
c'atIon is secured therefor BY Ven.
doris lien and mortgage on real
estate IN the Parish OF Iberia, Lon.
isI1na, and by the pledge to The
Association of the shares on which
the said loan or advance Is made
together with all payments and &C.
cumnlations, present and future
thereon; and provided the bor-
rover shall give a note therefor
at tho rate OF One hundred and
thirty $3.50, dollars for each share
upon which an advance is made,
said nOte to bear interest at the
rate of eight per cent. per annum,
payable weekly' and said note
shall not mature or be demandlbe
so long as the weekly iastall,nents
on tho pledged shares, and the
weekly portion of the interest, arc
paid regularly when due until the
value OF said shares shall be ap-
piled td its liquidation.
In case of doubt as to the suill-
cheney Of the real estate security
Offered, other additional security
may be taken.
Shareholders applying for %
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 lM
Board OF Directors may FOR goea
and sufficient reas0nS, extend 'p
time) and all costs, charges OF %.
ponses attending the examlna'lo@
Of titles and searches, shall u
charged 20 the borrower ana oes
lien against his or her shares u'-
til paid.
All fees of attorneys, no.af'e''
recorders, registrars, ana az GA
penscs incurred in making or ean
ceiling loans, and reinserloms
mortgages, except as may De our
provided in the bs-L~g 1--we
shall be paid by the respec'''
borrowers.
The Board OF Directors aas ~
make such rules and resolu.'' ~
or BYLAWS to govern ioa"'
they may see fit. !,
Thus done and passed q. Ivy Oar. A.
flee in tn. city of New Iberia, i,;,na =.
isb Of IBERIA, State OF Lo'lls's;sat ;;sst
on tho dav, month and yeaI '' Il
above written in the presen'., ,ota
M ssrs. William Baumann am, :. 'p a;t.
J.. White, good and compe.'ehh' 'ah who
n,sscs residing in this PARISH Nth
have signed these p. presents after
|hn IN, ,es and me, Notary ~"
Inc reading of the Whoe'
=. r. MILLARD, Pres
!. A. FAGOT, Vice Pres
A. II. TROTTER
J. ". TAYLOR
q q. LAUGHLN
LAZARD king
W. j. BERNARD
WILLIAM G. WEEKS, II,
'NA' Notary Puo'0'
WITNESSES:
WIN. EAUMANN
JOHN T. WHITE.
or LOUISIANA,
PARISH or IBERIA.
I ! g Leblanc, Jr, Dty, tt,y.,.o,ds, e,d.s
e Co,,rt and Fx-officio RecEjs c1herjs
f Mortgages in ana Inv ~, certify
'arish, Louisiana, do HEREBY ress;oc aei
t,t =, = ,hn ! above and foregoIasss, d
f." : amendment to the char'e' .'.;o,
be IBERIA Building Assoc''' =,
.as filed for rccordation ;" ,sa,.
f';c. FL on the sixth day Of 'a't, aa',
~. and the same has been uort.
.cord"G ,,,, BOOK ABS Of the >. a0,, q,
age Records of my o'n'
0 575. a;e.
n faith whereof witness m! J. n
at,,re and seal Of office tn''
ny OF June, 1912.
J. G. LEBLANC e. 1II
Dty. CIk, 18th Jud. D's'.