davidaulloa/AmericanStories huggingface dataset:
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22
AMENDMENTS To-
THE CHARTER
OF THE
IBERIA BUILDING ASSN
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF IBERIA.

BE IT KNOWN, That on this
First day OF the month of June in
the year OF our Lord One Thousand
Nine Hundred and Twelve, before
me, William G.. Weeks, Notary
Public, in and for the Parish Of
IBERIA, State OF Louisiana, duly
commissioned and qualified, and in
the presence OF the witnesses here
matter named and undersigned,
personally came and appeared
Mcssrs. L. +. Willard, j. A. Fagot,
q. G. Laughlin, A. II. Trottcr, Laz-
ard King, w. j. Bernard and Jerry
w. Taylor, who declared and said
that they, and each OF Them, are
shareholders i'm the Iberia Build
ing Association, f. +. Willard be-
cling it9 President and the other
named appears its directors, a duly
organized corporate body OF this
state with its domiciIe in the City
of New Iberia, Parish and State
aforesaid, instituted by act passed
before l.. B. Delahoussaye, late a
Notary Public in and fos IBERIA
Parish, La, on the Twelfth day of
March, 1887, and OF record in Book
2 of Miscellaneous Records at folio
4i3, and Mortgage Book ABS at TO-
hon NO. ~ ct Sequitur, Of the Re
coIder's office OF said Parish, which
act of incorporation has been sew
rral times amended as appears
from acts of record in Miscc!lanc-
Gus Book 3, fOlios 80, 50 and 81.
miscellaneous Book 4, folos l05
and 800, Miscellaneous Book 5, 10
Ito No. Al, and also in Book A-3g
of Mortgages at folios from 105 to
folio No. l35, and folios 40 to folio
l59 inclusive, and that, in conform
ity with law, a general meeting @.
the stock holders Of the said IBERIA
Building Association was held, art
or due notice, at its office in the
City OK New Iberia, Parish and
State aforesaid, on the Sixteenth
day of January, 1912, at half pas,
Seven o'clock. p. NJ. which meet
ing was specially called and held
on said date for the objects and
purposes set forth in the priatcd
notice, mailed, prepaid, to each and
every stakeholder and to all Of
the stockholders in the said Assoc
citation in accordance with a res
olution of the Board of Directors
OF said Association adopted on the
Flrst day of November, 1911; said
stockholders meeting being chilled
and held in the manner and form
and after notice given as required
by law; and larger amount in
number and value than Seventy
five per cent of the shares of the
Association and of the value of
the stock being present, in person
and by written proxy and all legal
requirements having been complied
with the propositions, amendments
and alterations proposed to be
made in the charter of the said
Iberia Building Association were
submitted to the meeting and una
nimously adopted; and thathin or
der I'd carry into effect the said
adopted at the said
A--
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

| meeting and to cause same to be
recorded and be made a matter of
record, they do, in their said Of
fetal capacity, hereby publicly
and formally proclaim and max e
known tho following amendments
to the act OF incorporation OF the
Iberia Building Association as
originally adopted and passed, and
subsequently, amended and re-cn-
acted to the end that same may
hereafter and at all times De as
hereafter detailed and set forth
and in full force and effect as re-
CARDS all persons who are now or
may hereafter become stock holders
OF the said Iberia Building AssOcia-
ton, to wit
That Article Nv, of the charter
OF said corporation as amended
to read as follows:
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fix cd at Five Million
Dollars, divided into,
lst, tho shares OF two hundred
dollars each, already issued, now
iE existence, herein designated
drumming shares" and of which no
more shall be issued;
End, shares OF ono hundred dol
lars each, now in existence and
hereafter to be issued, known as
Paid Up Stock;
And 3rd, of shares of one hun
drcd and thirty dollars each, to
be hereafter issued and known as
'lnstallmcnt shares"
But in computing the capital Of
the Association only shares actual
ly in force at the time of such COM
putation shall be cOuntcd-cxclu-
sivc Of shares which have maturcd
or been withdrawn or Cancelled.
The said Stunning shares" now
in existence, shall be paid for as
heretofore provided for, in week
~ installmcnts Of twenty-five cents
per share per week.
And the "Installment shares" to
be hereafter issued, shall be paid
Tor I'M weekly installments Of at
ieast twenty cents per share per
week, beginning with the first Sat
nrday OF the month OF issuance.
Paid mp stock shall be paid up in
iull at the5 date Of it's issue.
Minors, and married women NAV
hoid, subscribe for, transfer. and
Wl'hdraW shares in the manner
prescribed by law.
On all shares pledged as addi-
tlonal security for real estate loans.
payments shall be imputed,
First; to fines and the reimburse
mcnt OF monies paid for account or
share holders; 2nd, to the settle
m'nt OF interest due; and 3rd, to
installments on shares; provided.
that the order OF imputation NAV
be changed at the discretion of
the Board Of Directors.
Whenever the drumming shares"
representing any series, shall by
reason Of payments Of twenty-five
cents per share per week and ac-
cumulations OF profits, be worth
the par value of two hundred $500,
dollars each, and whenever Sin
stallment shares" shall by reason
of payments of not less than TWEEN
ty cents per share per week be
worth tho par value Of one hun
drcd and thirty (S13O) dollars each.
all such shares shall be liauidated
as speedily as is consistent with
the interest of the Association, and
the amounts due therefor paid ov-
or to the holders thereof upon the
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22
ARE YOU 2
SATISFIED !:

with the. manner in which the
house you live in is repaired and
cared for?
If you own your own home and a
room re Iuires refinishing, it is
to plant a tree or bush and make
garden you do so, and it is
YOURS.
g Such things cannot be done with
rented property without the con-
sent of the landlord and then they
are done as he directs.
We have the plan whereby you
may own your home land have ii
cared for as you wish. 1t is as sim
pie as paying rent. Our secretary
will be pleased to explain it to
you.
IBERIA BUILDING ASSN.
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

Thus done and passed at my Of
flee in the City of New iberia, Par
ish OF IBERIA, State of Louisiana,
on the day, month and year first
above written in the presence of
Nessrs. William Baumann and John
I. White, good and competent wit
nesses residing in this Parish, who
have signed these presents with
the par les and me, Notary after
due reading of the whole.
+. F. WILLARD, Pres.
j. A. FAGOT, Vice Pres.
A. II. TROTTER
j. w. TAYLOR
G. c. LAUGHLIN
LAZARD Killing
w. j. BERNARD
WILLIAM G. WEEKS,
Notary Public.
WITNESSES:
WIN. BAUMANN
JOHN 7. WHITE.
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

Charter and Bylaws, except as tt
participation in the profits of tn,
Association, nor can persons hold
| ing such stock vote on such stock
The said Paid up stock shall
draw interest at not more than six
per cent. per annum, payable az
the Board of Directors may deter
mine, and each Board of Directors
at its first meeting shall fix the
rate Of interest to be paid on all
such stock issued during the ensu-
ing year.
Any one above the age of twelve
years shall have the right to file
application for such stock with the
Secretary at any time, and each
application will be acted upon in
the order of its filing.
That Article v. of the charter OF
said corporation as amended shall
be and is amended to read as fol-
lows:
ARTICLE V.
The corporate power of the AS
ISOLATION shall be exercised by
seven Directors, each of whom
shall own not less than five shares,
who shall be elected by the share
holders ON the Third Tuesday in
January, annually, each stock
holder represented at said cleo
ton and not delinquent being en-
titled to vote as foIl0Ws:- For one
share up to five exclusive he NAV
cast ono vote. From five shares
up to ten exclusive he may cast
two votes. From ten shares up to
twenty exclusive he may cast three
votes. For twenty shares and over
he may cast four votes.
Notice OF said election shall be
given for the space of ten DAYS
by the Secretary through the mail.
Said election shall be by ballot
and shall be held at the domicile of
this Corporation, under the SUPER
vision of three shareholders ap-
pointed by the Board of Directors
at the last preceding regular meet
ing thereof.
The shareholders receiving a
majority of the votes cast shall be
declared elected.
The failure to hold an election
on the day specified shall not dis
solve the corporation, but the Di-
rectors In office shall hold over
until an election be held, after ten
days notice of the time and place
thereof.
The Directors shall elect from
their number President and Vice
President.
Four Directors shall be a quorum
Tor the transaction Of business.
The Directors shall elect or an
point a Secretary and such en-
ployees as may be necessary. and
may fix the compensation to be
paid to the Officers, EMPLOYEES.
agents and Directors of the said
Association, and they shall have
power to enact Bylaws not re-
pugnant to this Charter, to select
place of meetings., to suspend or
remove any officer or Director for
neglect OF duty or misconduct, and
to name and appoint their success
sors, as provided for in the By.
Laws, and shall have general au-
thority to carry out the objects
and business of the Association.
But they shall not have power to
purchase reak estate, except for
cash.
Any Director about to absent
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

surrender of the certificate or In.
stallment Books representing same
| The fiscal year of the AssOcia-
ton shall end On the last day oI
each year.
On January first and July first
OF each year the officers of the AS
sociation shall ascertain tho earn
lngs oi the Association for the pre-
| ccdIng term, or since the last div
idcnd period, and out of such earn
irgs they shall
1st, deduct all the expenses OF
, the Association for such time;
Ind, set aside to the fund for con
tingent losses such am amount as
they may deem best, which fund
shall be invested as directed by the
Board;,
3rd, the balance of said earnings
shall be declared as dividend to
the shareholders in proportion to
the value OF stock of each member
at the time tho preceding dividend
was declared, and all payments
made between such dividend peril
DDS, shall begin to earn dividends
from the beginning Of the next
dividend term.
Paid up stock is to receive a fix
ed rate OF interest," and is not to
participate in dividends.
All dividends hereafter declared
under this amended charter, on
stunning shares and 'Installment
shares shall be considered and
treated as cash dividends, and
WlthuraWable in the same manner
as provided for the withdrawal Of
cash payments or installments;
Provided, however, that as re-
CARDS past dividends, any share
holder owning running shares"
withdrawing after his series has
been in operation one year, shall
receive as provided for in the
charter prior to these amendments,
of such dividends, only ten per
cent. Of the dividend declared on
said shares for each year that they
have been in existence.
And the amount remaining in the
Association on account OF such
" ithdrawals of old stock shall be
credited to uncarned premium ac-
count, and the amount standing to
the credit of Contingent fund on
the books Of the Association on
January 1st, 1909, shall likewise be
credited I'd said fund, and which
fund may be used in the discretion
Of the Board Of Directors for Off
setting unearncd premiums, for
keeping down the maturity period
Of said running shares" and for
other purposes in connection with
such running shares"
The Board of Directors shall
have tho right, when deemed adj
visable, to issue paid up stock on
the payments at one time of one
hundred dollars. Said paid ~
stock shall be transferable in per-
son or by written power of attor-
ney, and only on the books OF the
Association
This paid up stock may be call
ca IN ana cancelled at any time by
SAID Association, after giving thir-
" days notice to the owner upOn
payment Of the face value, plus ac-
crued interest. Notice mailed to
the address given when the stock
was issued or transferred shall be
sufficient, and all interest on said
paid up stock so called in shall
cease at the date of redemption
given in said notice.
The holders of Paid up stock are
otherwise entitled to all rights in
the Association as provided BY the
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

himself from the Parish must NOM
irate in writing substitute in
his stead, provided said substitute
shall be shareholder of the AS
ISOLATION, owning not less than five
shares; and such substitute shall
be entitled to seat with the Board
of Directors on filing his proxy
with the Secretary.
The word "shares" and "serial
shares as used in this Article and
in Article XIV do not include Paid
up stock.
That Article vi OF the Charter Of
said corporation as amended shall
be and is amended to read as fol-
lows:
ARTICLE vi.
The Association at the discretion
OF the Board of Directors NAV
make use of its funds in any and all
the ways prescribed below, to wit =
1t may lend money at interest on
mortgage security, or to share
holders on the simple pledge of
their stock together with the pay
ments and accumulatiOns thereon.
provided that loans on such stock
security shalt not exceed in amount
the actual withdrawal value of said
stock at the time the loan is made;
And it, also, may lend money to
It's shareholders owning "instalI-
ment shares" provided the Asso-
citation is secured therefor by Ven
doris lien and mortgage on real
estate in the Parish of iberia, Lou
lslana, and by the pledge to the
Association of the shares on which
the said loan Or advance is made,
together with all payments and ac-
cumulatiOns, present and future
thereon; and provided the Dor
rover shall give a note therefor
at the rate of One hundred and
thirty ($13O) dollars Ton each share
upon which an advance is made,
said noto to bear interest at the
rate OF eight per cent. per annum,
payable week y; and said note
snail not mature or be demandable
SO long as the weekly iastalltnents
on the pledged shares, and the
weekly portion of the interest, arc
paid regularly when due until the
value uf said shares shall be ap-
piled ia it's liquidation.
In case of doubt as to the suffi-
cheney OF the real estate security
offered, other additional security
NAV be taken
shareholders applying for an
advance on shares failing to tender
satisfactory security therefor with
in thirty days from the application
for the loan shall lose all rights
Hereunder provided that the
Board OF Directors may for good
and sufficient reasons, extend the
time) and all costs, charges or ex-
penses attending the examinations
of titles and searches, shall be
charged to the borrower and be a
lien against his or her shares I'M
til paid.
All fees of attorneys, nOtaries,
registrars, and all ex-
penses incurred in making or can
ceiling loans, and reinscribing
except as may be 9TH
erwise provided in the Bylaws,
shall be paid by the respective
borrowers.
The Board of Directors may
make such rules and resolutions,
or Bylaws to govern loans as
they may see fit.
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22
STATE OF LOUISIANA,
PARISH OF IBERIA.


PARISH OF IBERIA.
l, j. &. Leblanc, Jr, Dty. Clerk
of Court and Ex-officio Recorder
of Mortgages in and for iberia
Parish, Louisiana, do hereby certify
that tho above and foregoing act
of amendment to the charter of
the Iberia Building Association
was filed for recordation in my
office on the Sixth day of June,
1912, and the same has been duly
recorded Book ABS of the Mort
gage Records of my office at TO
Ito SIS.
In faith whereof witness my sig
nature and seal of office this 9th
day Of June, 1912.
j. G. Leblanc, Jr.,
Dty. elk, 10Th Jud. Dist. Court.
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22
NOTICE OF H0M0Loel1|Ol
1eth JUDICIAL DlSlhiT,t. Ns
STATE OF LOUISIANA
Parish OF Iberia.
Succession of Mo- .d
yOSEPH ROMERO, deceaseu'

JOSEPH KONIEnO'
Whereas, Mrs. Erma Davi ;a,o,t Of
ow of Joseph Romero, a Ie; ;S,r.trin
the Parish of lberiae Admln'o .d On.
of the above numbered q anu u nj.
titled Succession, has ilieo ,n ~ and
Hon. Court, her final account an;n nir
tableau of distribution as A ae~ether
tratrix of said estate, W. NJ the
with her petition praying an. annroy.
same be homologated anu app
ed. ..roby eiv'
en- to all whom it may o. o ~. they
Germ to show cause, u az ;rcm tn
have, within ten days i INV tbs
first publication hereol, Ia s not "
prayer of petitioner shou'u =
granted. ..h,e Jsne
this 18th day of June, A. a,, q ''
4. J. MAuMUo,. Cont
Cammack &; Broussard, A''y''
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

THOUSANDS OF HOMES. NJ iaisiT
With bum looking d s.iSs.etsr.
screens; an eyesore on.S,~ ,uitoss
nal fight with flies ana lt mo EgsCAn
screen, that TURNS J. THE aned. ger
OUT, are properly des s E. last, h
teel looking, and made ~ -
men who know how. ...cturcE
+. P. FOLSE, Manulsc'
The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-06-22

A convenient Pocket .o Mp u
Louisiana, showing al erpsse
postoffices, railroads anu d esh
offices, latest census, etc, nnp0k
MILLARD'S NE"o
The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1912-05-24
A WORD IN. REGARD TO
THAT COMMUNICATION

In the evening paper last Friday, was printed "a
communication that most decidedly inconsistent.
While deprecang the political warfare in the city,
now passed, he either Intentionally unintentiOnay
endeayors to the hostile factions to renewal
of the scrap by making statements not in keeping
with the truth. The moral conditions in the city may
not be any better than those which exist in
cities of the size of Watertowu but the writer of
the communication must admit, that they might be,
and should be better than they for the welfare of
the young people of beautiful city, The statement
that the conflict was brought on for political pur
pose is wide OF the truth. Politics cut figure.
was not the intention to put man into the field ag
ainst the present mayor and would not have been
done had it not been for his unfortunate harague in
the common council, which he no doubt, now re-
gres And TO the result of the election the writer
OF the communication is cognzant of the fact that
change of rs votes would have defeated him, show
ing that the moral sentiment of the city strongly
opposed to his reelection. There attack up
on an individual until it invited and made neces-
sary by vicious attack upon individuals whose only
offense was that they were working for moral i'm
provements and sane regulation of the saloons in the
city, wuich many of the saloon keepers favor. l aa.
A few are now solicitous that 'tbygones be by
cones. 1t is apparently olive branch with string
attached The public is getting wiser every day and
cannot be sshoodwinked'' for It's little refor
nation they want and they re going to have it.asaas
The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1912-05-24
EVIDENCES OF A CHANGE
IN LOCAL government

What in this division is constitutional
in our country's government prevails in
that of the state, in that of the county
and transcends to that of our own city.
These three coordinate branches are
therefore TO be preserved in purity and
hallowed by us as our defence.
The Jurisprudence of our country
teaches that mayor of city is not a
member, invested with all privileges, Of
the city's legislative body. In our large
cities the mayor has not even the right
or courtesy to preside over the council.
Earlier state laws granted, perhaps. to
mayors of small cities, a right but more
in the essence of courtesy to so preside.
In those cities not affected by such
specific legislation. the cenucn elects
from It's own membership president to
preside and the mayor is rot even pres
ent at these meeting. He is the execu-
tive and his offices or duties are confined
to executive ones.
Our own charter at most tolerates a
mayor to preside, but, it being in dero-
CATION of constitutional analogies, our
charter plainly binds and restricts his
rights when he meets with this popular
and Independent body. Our own chart
er shows in SO many patent words that
The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1912-05-24
Do Not Miss this Entertainment.

The Ladies of st. Bernard's church
have secured the rights of the play
"What Happened to Jones', to be given
at Turner opera house Monday evening,
May 9th, by an excellent cast OF anna
teurs.
This play is the jolliest sort of farce,
clean and sparkling all the way thru.
"A professor Of anatomy is ured to a
prizefght and the police raid the .'miH'
The professor escapes. to his home fol-
lowed by Jones, travelling salesman.
who sells him hymn books when he can,
and playing cards when he cannot. The
police are en7Vthe trail SO Jones dis
guises himself by putting on "a bishops
garb, and a lot of funny. compl ications
ensue. A real bishop arrives from Aus
tralia for visit at the household, and
the task left to ones can only be appfe-
ciated by witnessing theperformaRce.
This celebrated farce has. been a-trev
mendous success on, the professional
stage for years, and is now published for
the first time.
The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1912-05-24
A Civil War Incident. "a

/ As Memorial Day is approaching, it
might be interesting to many to know,
that at the beginning of the civil war,
or soon after, the men. employed in the
railroad shops at the Junction, Inspired
by patriotism land love of flag and coun
try, erected flag pole at the junction
and one Sunday, "Old Glory was run to
the top with appropriate ceremonies.
Patriotic remarks were made and pat
rlotic songs sung, the singers being,
Mr.. and Mrs SOuthwell, Mary Milham,
Anna Mileham, Nelson Barrett and John
Austin. Most of those who were present
on the occasion have passed away, only
two living in this city at the present
time, Michael Casey, Washington street.,
and Chas. E. Straw, North Washington
street. OF the men who participated in
the raising of the flag, quit, a number
served in the army during the dark and
terriblesd days when the life of the nation.
hung in balance, demonstrating that
their patriotism was genuine and they
willing to defend the flag with their.
lives il necessary. But what wonderful
changes have BEEN wrought intvWatertl
town since that time. Then "a strag-
Cling village, now a,compaet, beautiful
city and on next Thursday, our citizens
will turn out TO do honor to the mem
The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1912-05-24

There has, indeed, been city election.
The tone of the common council is
changed. 1t has spoken. Its voice is
so strong and loud that it has declared
for its own in defiance; the aftermath of
a bloodless revolution. The fact of its
freedom, so gained, is written on the
scrolls of local history-its official pro-
ceedings proclaim and publish the peo-
pies victory.
Why these words about freedom and
independence? Their use negatively
conjures with past state OF seryility,
dependence or bondage, or that its just
and proper powers were usurped by a
trespasser or disrespecter of its chart
cred rights.
All of our aldermen have been well
schooled in the fundamental that orr
country's great charter framed by the
people for a peoples government. divides
such government into the executive, the
legislative and the judicial branches.
And then, also, in coordinate standing
in respect to one another. OF course. if
any presumption of superiority exists in
ones own mind, it must logically favor
the popular branch of goyernment-that
of the legislative, and locally. the COM
mon council or aldermen.