The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-07-06
CHARTER OF THE
Breaux Bridge Building and
Loan Association
As Amended May the Slh, 1912.


Hundred and Twelve before me p. l.. Begnaud
a Notary Public duly commissioned and quail |
he'd in and for the Parish of st. Martin, State Of
Louisiana, therein residing and III the presence
OF witnesses hereinafter named and undersIgn-
ed. personally came and appeared Messrs. j. W.
Begnaud, President and L. L. lees, Secretary OF
the Breaux Bridge Building and Loan Associa-
ton who declared unto me Notary anu the IN
dersigned witnesses that at meeting ot the
shareholders of the Breaux Bridge BUILDING anu
Loan Association held ON May the 9th, 1872, at
It's domIcile at Breaux Bridge, La, and alter all
legal prerequisites had been observed, there ap-
peared either III person or by proxy lUs shares
and by unanimous vote vi the stockholders
present aud represented the Charter or Act oil
Incorporation vi SAID Breaux Bridge Building
and Loan Association was amended III the
words and ngures following:
AKIICLE 4.
! he name and title oil SAID corporation shall
be the Breaux bridge building and Loan Asso-
citation and under Its SAID corporate name 1t
shall have power 10 contract sue and he sued,
10 make and ID corporate seal ami the same
to alter and break at pleasure, 10 mold receive,
lease, purchase. convey anu pledge under Its
al ~ lend money On security; 10 name and ap-
point SUCH officers and agents as the interest
anu convenience oi SAID association may re-
quIre; 10 make and establish such bylaws, rules
ana regulations for the proper management and
regulation OF the affairs vi SAID corporation as
| may he necessary anu proper and the same To
change and alter at pleasure, and 10 do ali sucn
| acts AMI things . and may De necessary and
| proper to carry out the objects and purposes ot
| sand corporations; ana sand corporation unless
| sOoner dIssolyeu under the provisions oI this
charter, shall exist for period u lysJ Ninety
| nine years.
| ARIIC. h III.
| The domicile OF sand corporation shall be in
| the town oil Dreaux DIldSe, La, and all citation
and other lesai process shall De served upon the
| PRESIDENT OF SAID corporation, III his absence
upon the VICE PRESIDENT, or in The absence ot
| Doth Oh these officers upon the Secretary.
ARTICLE III.
| the object OF This association shall be the &C
cumuiation vi Iunds from weekly installmenIs,
On account of subscriptions 10 the capital stock,
| rentals, premiums and interest loans, the
funus 81 accumulated to be used Tor the pur-
| chase and sale oI real estate, the building rem
| TAI ana sale oI hoElesteads, and when necessary
and advisable the loanIns OF money ON mort
gage security, III the Parish of 81. Martin.
| ARTICLE ~.
The Capital OF this corporation shall be One
| hundred Thousand Dollars, and shall be repre-.
sented by 1OZ shares of two hundred dollars
each which have been subscribed To this date
May the 9TH, ISiz, which shall be recognized IL
the order III which il has been issued; and al
stock issued from this day shall be represented
by shares oil One hundred Dollars each, ano
shall under OF the three plans, Full
PAID STOCK, IN TALLMENr STOCK, ol
DAYTON SIUCk, and shall he issued only il
such amounts US the Board OF Directors shall
determine.
FULL PAID STOCK shall be paid in full a
the time ol Its Issue. INSIALLMENT STOCf
shall be paid in weekly payments of twenty-hv,
cents per share, for free shares, pledged share
snail pay ~ cents per share per week, from
which the interest shall be first deducted an,
the balance credited to installments, or in sucl
amounts as the Board of Directors shall deter
mine. DAYTON STOCK shall be paid in sucl
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 payin
the difference between the present face value o
such stock, or when such stock reaches its fac
value, provided that certificates of full pai
stock shall be issued only ON such terms ant
conditions as may he prescribed in the bylaws
Minors may bold stock through their parent
or tutors and married women in their own right
Payments on current shares. instruments an'
interest. shall be due and payable weekly OIL
each Saturday at the Office of the Associatio
and all payments shall be imputed "a To tn
settlement of interest due % TO the instalment
on shares go the reimbursement of moneys pai
for the account of the shareholder; provide,
that the order of imputation may be changed a
the discretion of the Board of Directors.
On shares pledged as additional security OF
real estate loans. the weekly interest ON sucl
loans shall be first deducted froll each payment
and the difference credited as payment on tn
stock; provided that additional payment may b
made at any time or in any amount at the op
ton of the shareholder.
Shareholders shall have the right to withhray
from the Association the amount paid in, to
gether with the accumulated profits due thereon
at the preceding dividend time, less any charge
and proportion of losses, if any, upon films
written notices of withdrawal, which shall b.
registered by the Secretary in order of their re
ceipt, and withdrawing shareholders shall b
paid in order as registered, out of the first un
appropriated money in the treasury; provide,
that not more than one half the monthly re
ceipts shall ever be used for the purpose liqui
dating matured, withdrawn paid up stool
unless there be an over accumulation of fund
which can not be loaned in the usual mnnne