The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-01
CHARTER OF THE: i!.,!i -
1reaux Bridge Building and
Loan Association Il. :; :.
As Amended May the 9Th. 1912. d!

Loan Association =. ="
As Amended May the 9Th. 1912. -"
BE 1T 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 &. e.. Rees, Secretary OF
the Breaux Bridge Building and Loan Associa-
ton who declared unto me Notary and the IN
dersigned witnesses that at meeting OF the
shareholders of the Breaux Bridge Building and
Loan Association held ON May the eth, 1872, at
it's domicile at Breaux Bridge, La. and after all
legal prereq uisites had been observed, there ap-
peared either in person or by proxy lOs shares
and by "A unanimous vote of the stockholders
present and represented the Charter or Act OF
Incorporation of said Breaux Bridge Building
and Loan Association was amended in the
words and figures following:
ARTlCLEI
The name and title of said corporation shall
be the Breaux Bridge Building and Loan Asso-
shall have power to contract sue and be sued,
| to make and use "a corporate seal and the same
to alter and break at pleasure, to hold receive
| lease, purchase, convey and pledge under It's
| corporate name property both real and person.
al; 10 lend money on security; to name and ap-
point such officers and agents as 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 as are and may be necessary and
proper to carry out the objects aud purposes Of
said corporations; and said corporation unless
sooner dissolved under the provisions OF thi'
charter, shall exist for period of (ys) Ninet,
nine years.
ARTIC. L IL.
The domicile of said corporation shall be il
| the town of breaux Bridge, La, and all citation
and other legal process shall be served upon thu
| President of said corporation, or i'll his absence
upon the Vice President, or in the absence U
both of these officers upon the Secretary.
ARTICLE Ill.
The object of this association shall be the &C
ON account of subscriptions to the capital stock
rentals. premiums and interest on loans, tn
funds 50 accumulated to be used for the pun
chase and sale OF real estate, the building ren
tai and sale OF horaesteads, and when necessar
: and adv lsable the loaning oil money ON NOR
gage security. in the Parish of st. Martin.
ARTICLE Nv.
The Capital of this corporation shall be On
. Hundred Thousand Dollars, and shall be repr,
. sented by 2O2 shares of two hundred dollar
= | each which have been subscribed to this dat
!, May the 9TH, 1872, which shall be recognized
the order in which it has been issued; and a
stock issued from this day shall be represente
y by shares of One Hundred Dollars each, an
shall under one of the three plans. Full
PAID STOCK, IN ,TALLMENT STOCK,
DAYTON STOCK, and shall be issued only
e such amounts as the Board of Directors shs
determine.
FULL PAID STOCK shall be paid in full
the time of its issue. INSTALLMENT STOC
shall be paid in weekly payments of twenty-h
cents per share, for free shares, pledged shar
shall pay ~ cents per share per week, fro
n which the interest shall be first deducted al
>, the balance credited to installments, or in su
NOe'
W mine. DAYTON STOCK shall be paid in su
l. amounts and at such time the stOckhold
ct may determine.
Instalment and Dayton stocks may be convt
-, ted into Full Paid Stock by the holder payi
the difference between the present face value
10 such stock, or when such stock reaches its ia
y value, provided that certificates Of full ps
~ stock shall be issued only on such terms a
pr conditions as may be prescribed in the bylaw
Minors may hold stock through their parer
or tutors and married women in their own rig
III Payments on current shares. instruments a
~ interest. shall be due and payable weekly
nj each Saturday at the Office of the Associate
g.. and all payments shall be imputed W to
80 settlement of interest due ID to the instamel
on shares go the reimbursement of moneys p'
ct for the account of the shareholder; provid
Iv that the order of imputation may be changed
% the discretion of the Board of Directors.
On shares pledged as additional security
" real estate loans. the weekly interest on So
sh loans shall be first deducted fro.n each payne
and the difference credited as payment on
4. stock; provided that additional payment may
made at any time OF in any amount at the
ton of the shareholder.
al Shareholders shall have the right to withhr
or from the Association the amount paid in,
IN gether with the accumulated profits due there
at the preceding dividend time. less any char,
a. and proportion of losses. if any, upon fiji
ny written notices of withdrawal, which shall
registered by the Secretary in order of their
m ceipt. and withdrawing shareholders shall
:, paid in order as registered out of the first