The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-22
s.. CHARTER OF THE
Breaux Bridge Building and
Loan Association
As Amended May the Sth, 1912.

a Notary Public duly commissioned and quail
ned in and for the Parish of st. Martin, State OF
Louisiana therein residing and In the presence
of witnesses hereinafter named and underslgn-
ed personally came and appeared Messrs. j. w.
Begnaud, President and &. Z. kees, Secretary OF
the Breaux Bridge Building and Loan Associa-
lion who declared unto me Notary and the I'M |
dersigned witnesses that at meeting OF the
shareholders of the Breaux Bridge Building and |
Loan Association held On May the 9Th, 1872, al
It's domiciie at Breaux Bridge, La, and alter all
legal prerequisites had been observed, there APP
peared either In person Or by proxy luz shares
and by a unanimous vote or the stockholders
present and represented the Charter or Act OF
Incorporation of sand breaux Bridge Building
and Loan Association was amended III the
words and figures following:
AhIlCLEl.
The name anu title OF salu corporation shall
De the Breaux Bridge Building and Loan Asso-
citation and under ITS SAID corporate name IL
| shah have power 10 contract sue and be sued,
| lu make anu use d corporate seal ana the saint
to alter and break at pleasure, To hold receive,
| lease, purchase, convey anu pledge under It's
| corporate name property both real and peroon-
| al; 10 lend money on security; 10 name ana APP
| point such officers and agents as the Interest
and convenience vi said association may re-
quIre; 10 make and ESTABLISH such bylaws, rules
| and regulations tor the proper management ana
| regulation oi the affairs VI sand corporation as
| may be necessary anu proper and the same 10
change and alter at pleasure, anu To do ali such
acts anu Things as and May be necessary and
/ proper to carry out the objects and purposes of
| said corporation; anu SAID corporation unless
SOONER dissolved under the provisions vi this
charter, shall exist tor period ot ty9) Ninety
nine years.
| AKrIC h III.
The domicile oil said corporation shall he i'll
the town oil preaux Drldse, La, and all citation
ana other legal process shall be served upon the
President OF said CORPORATION, OF III his absence
: upon the Vice President, or IN the absence oi
both vi these oincers upon the Secretary.
ARTICLE III.
| The object of this ASSOCIATION shall be the ac
cumuIatIon funds from weekly lnstallments
On account p1 subscriptions To the capital stock
reniais, premiums and interest ON loans, thu
funds 50 accumulated to be used tor the pur
chase and sale ol real estate, the building rem
TAI and sale oI hoElesleads, and when necessar,
and advisable the ioaning vi money ON mort
gage security, IN the Parish OF st. Martin.
. ARTICLE ~.
The Capital of this corporation shall be On
. Hundred Thousand Dollars, and shall be repre-
D scented by zO2 shares OF two hundred dollar
each which have been subscribed to this date
May the 9Th, 1872. which shall be recognized il
I the order in which it has been Issued; and al
stock issued from this day shall be representa-
% by shares OF One Hundred Dollars each, an
|. shall under one OF the three plans. Full
PAID STOCK, IN TALLMENr STOCK, c
DAYTON STOCK, and shall be issued only i
. such amounts as the Board OF Directors sha
determine.
FULL PAID STOCK shall be paid in full
II the time OF its issue. INSrALLMENT STOC
A shall be paid in weekly payments of twenty-f'
cents per share, for free shares, pledged shar,
II shall pay ~ cents per share per week, fro
#. which the interest shall be first deducted ar
the balance credited to installments, or in sue
" amounts as the Board of Directors shall dete
= mine. DAYTON STOCK shall be paid in SUI
: amounts and at such time the stockhold
may determine.
Instalment and Dayton stocks may be conve
ted into Full Paid Stock by the holder payiI
the difference between the present face value
such stock, OF when such stock reaches its ia
value. provided that certificates of full pa
stock shall be issued only on such terms al
conditions as may be prescribed in the bylaw
Minors may hold stock through their paren
or tutors and married women in their own rigf
n. Payments on current shares, instruments al
interest, shall be due and payable weekly
s. each Saturday at the office of the Associatio
j. and all payments shall be imputed Q) to
Il settlement of interest due % to the instalmer
on shares go the reimbursement of moneys pa
IL for the account of the shareholder; provid
ID that the order of imputation may be changed
a. the discretion of the Board Of Directors.
an On shares pledged rs additional security
real estate loans, the weekly interest on su
TIC loans shall be first deducted frog each paymei
ne and the difference credited as payment on [
Il stock provided that additional payment may
made at any time or in any amount at the O
ton of the shareholder.
w Shareholders shall have the right to withhri
from the Association the amount paid in,
gether with the accumulated profits due there
at the preceding dividend time, less any chare
& and proportion of losses. if any, upon fill
rd written notices of withdrawal, which shall
registered by the Secretary in order of their
:; cept. and withdrawing shareholders shall
- paid in order Ms registered. out of the first U
IL appropriated money in the treasury; provid
al that not more than one half the monthly
r. ceipts shall ever be used for the purpose liq
-. dating matured. withdrawn paid up sto
unless there be an over accumulation of fun
which can not be loaned in the usual mani
S- upon real estate.