The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-15
CHARTER OF THE
ereaux Bridge Building and
Loan Association
As Amended May the 9Th, 1912.

Loan Association
As Amended May the 9Th, 1912.
BE IT KNOWN that on this the 18th day of the |
month of May in the year Of our Lord Nineteen
Hundred and Twelve before me p. L. Begnaud
a Notary Public duly commissioned and quail |
fed in and for the Parish of st. Martin, State of
Louisiana, therein residing and IN the presence
of witnesses hereinafter named and undersign-
ed. personally came and appeared Messrs. j. W.
Begnaud. President and Z. q. Rees, Secretary of
the Breaux Bridge Building and Loan Associa-
ton who declared unto me Notary and the IN
dersigned witnesses that at a meeting of the
shareholders of the Breaux Bridge Building and
Loan Association held ON May the 9Th, 1872. at
its dOmlcile at Breaux Bridge, La, and after all
legal prereq uisites had been observed, there ap-
peared either in person or by proxy lUS shares
and by unanimous vote OF the stockholders
present and represented the Charter or Act oil
Incorporation of said Breaux Bridge Building
aud Loan Association was amended in the
words and figures following:
AklICLEl.
The name and title OF said corporation shall
he the Breaux Bridge Building and Loan Asso-
~
shall have power u contract sue and be sued,
" make anu use a corporate seal anu the same
to alter aud break at pleasure, to hold receive,
lease, purchase, convey and pledge under its
corporate name property both real and person.
al; TO lend money on security; to name and ap-
point such otlicers and agents the interest
and convenience OF said association may re-
quire To make and ESTABLISH such bylaws, rules
| and regulations for the proper management and
regulation of the affairs of said corporation as
| may be necessary and proper and the same to
change and alter at pleasure, and to do all such
| acts and things rs are aud may De necessary anu
proper to carry out the objects and purposes OF
| said corporation; anu said corporation unless
| sooner dissolved under the provisions Uf this
charter, shall exist tor a period of (yy) Ninety
nine years.
| ATTIC. + ii.
The domicile of SAID corporation shall be in
| the town Of breaux Bridge. La, and all citation
and other legal process shall be served upon the
President Ut said corporation, Ut in his absence
upon the Vice President, IN the absence OIL
both Ut these officers upon the Secretary.
ARTICLE Ill.
The object Of this association shall be the ac-
L
ON account vi subscriptions to the capital stock,
| rentals, premiums and interest on loans, the
funds 50 accumulated To b. used tor the pur-
chase and sale vi real estate, the building ren-
tai and sale Of hOEesteads, and when necessary
and advisable the IUaning of money ON mort
gage security, in the Parish of st. Martin.
ARTICLE Nv.
| The Capital of this corporation shall be One
Hundred Thousand Dollars, and shall be repre-
sented by Y2 shares OF two hundred dollars
| each which have been subscribed to this date
May the 9Th. 1912. which shall be recognized in
the order in which it has been issued; and ali
stuck issued from this day shall be represented
by shares of One Hundred Dollars each, and
| shall under one of the three plans. FULL
PAID STOCK, IN .TALLMENT STICK, or
DAYTON STOCK, and shall be issued only in
such amounts rs the Board OF Directors shall
determine.
FULL PAID STOCK shall be paid in full at
the time of its issue. INSrALLMENT STOCK
shall be paid in weekly payments of twenty five
cents per share, for free shares, pledged shares
shall pay ~ cents per share Per week, from
which the interest shall be first deducted and
the balance credited to installments. or in such
amounts as the Board of Directors shall deter
mine. DAYTON STOCK shall be paid in such
amounts and at such time as the stockholde,
may determine.
Instalment and Dayton stocks may be CONVEX
ted into Full Paid Stock by the holder paying
the difference between the present face value OF
such stock. or when such stock reaches its face
value. provided that certificates Of full paid
stock shall be issued only ON such terms and
conditions rs may be prescribed in the bylaws
Minors may hold stock through their parents
or tutors and married women in their own right
Payments on current shares. instruments and
interest. shall be due and payable weekly Oh
each Saturday at the Office of the Association,
and all payments shall be imputed (D to the
settlement of interest due % TO the instalments
on shares go the reimbursement of moneys paid
for the account of the shareholder; provided
that the order of imputation may be changed al
the discretion of the Board of Directors.
On shares pledged as additional security on
real estate loans, the weekly interest on such
loans shall be first deducted fron each payment
and the difference credited as payment on the
stock; provided that additional payment may be
made at any time or in any amount at the OPP
ton of the shareholder.
Shareholders shall have the right to withdraw
from the Association the amount paid in, to-
gether with the accumulated profits due thereon
at the preceding dividend time. less any charges
and proportion of losses, if any, upon filing
written notices of withdrawal, which shall be
registered by the Secretary in order of their re-
ceipt. and Withdrawing shareholders shall be
paid in order as registered, out of the first un-
appropriated money iu the treasury; provided
that not more than one half the monthly re-
L ceinfs shall axar ha used Tor tho purposo Iior,i