The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-07-06
b;s mr. ber shares until paid.

his or her enareS until pdiu'
All fees of attorneys. notaries. recorders, re-
gisters and all expenses incurred in making or
cancelling loans shall be paid by the respec-
tive borrowers.
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.
Anv shareholder who has received loan or
advance upon his share desiring to settle and
liquidate such indebtedness prior 10 the matu-
rirv of the loan may do so either in part or In
whole under the condition and proportion pro-
vided TOR Withdrawing shares, and their value
credited in part payment oil SAID indeDtedness'
Any part payment under this article shall be
credited upon the borrowers note In the sum ot
cine hundred Dollars Ior each share redeemed
iron. pleuge, anu thereafter Interest snail De
pa,d only on the Reminder Of SAID note; aud II
desired the mortgage bearing upon the property
shall be reduced proportlonateiy.
ARTICLE Nill.
Shareholders not having pleuged their shares
10 the Association; VINO owe nothing upon Their
shares may withdraw from the association ny
giving ~ DAYS notice III writing " the Secretary,
when said shareholder, On surrender Vi ms cer-
uncate, snail be refunded ali III; payments On
ACCOUNT of weekly Instruments On shares maus
AN him. less any unpaid nnes OF Charges anu
prorala vi the current year . LOSSES IL any NY "
the date OF SAID notice. Each written notice of
withdrawal snah DC numbered and registered
uy the Secretary the order vi their receipts
and Withdrawing snarehoiuers shall be paid IN
rotallon. as registered OF the unapproprlated
moneys III the treasury.
In The death OIL any shareholder, whose share
Is not pledged the association, his Ut her To-
gal representative shall De enutIed W receive IN
cash the withdrawal value vi The share ut the
time vi The last pay ment made ny such ueceaseo
shareholder, or said representative shall Do EN-
tled 10 either transfer saiu shares ~ others, or
to cvutinue Dy pay nient oi Tie weekly
| lusls,IInenIs; provided mat said shares be le-
deemed or transferred or, notlce gwen VI con-
| unueing IL, within SIX months next following
such DEAN, anu lie Iault III action wltnln that
| ume SAID anu AL accommodations thereof
| snail cease ~ participate IN the prOhts without
lurther notice snail De pay able W the legal
representative vi the deceased ~ days after ap-
plIcatiou.
| ARTICLE IN.
| No shares shall he transferred except ON the
BOOKS "a Inc ASSOCIATION, IN the presence OF The
| secretary upon The surrender VI the certlhcate
| therefor; prov iued 10 shar, i'll arrears De
tIausf,,Ii Ell, the person " whom the Shares
are transferred shall accept the bs laws IN Ike
manner rs any orlginai member. ror each share
| So surrendered there shan be paid - cts " the
Secretary " he credited 10 the ASSOCIATION.
AKlICLL y.
Special meetings of the shareholders shall he
| ahu
holders, stating time object such meet
ing.
| ARTICLE AL
No shareholder shall ever be held liable or re-
sponslDle tor the contracts faults VI Inc Az
socIatIon IN any further sum than the amount
of his Indebtedness To the association; nor shall
any mere informally in the organization have
The enect vi rendering this act null, or exposing
a shareholder to any Inability beyond the amount
OF his or her shares.
AkTICLE XII.
This act OF incorporation can be altered,
amended and modired by vote of three fourths
Of the capital subscribed, present represented
at u general meeting convened for that purpose.
OF the Association dissolved by vote Ut two
thirds of the capital subscribed, at a general
, meeting convened for that purpose alter ten
{ days notice by the Secretary, by mailing same.
, Provided that the capital shall not increased
unless a majority of the shares represented ut q
special shareholders meeting convened for such
purpose shall vote in favor of such be increase,
r nor until such notice be given and such publi-
cation be made and such formalities complied
t with as are or may he required by law.
4 In faith whereof said appearers have signed
t their names together with Messrs ID. Bronssard
and Locke Pellerin competent witnesses and
me Notary, ON the date first above written, in
the town of Breaux Bridge. Louisiana. after due
reading hereof.
j JOS. w. BEGNAUD. President.
r &C. REEFS, Secretrry.
Witnesses: ID. BROUSSARD
LOCKE PELI.ERlN.
p. l.. BEGNAUD, Notary Public.
, Dysentery is always serious and often
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