The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1912-06-08
CHARTER OF THE
ereaux Bridge Building and
Loan Association
As Amended May the 9Th. 1912.

II
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 &. &. Rees, Secretary OF
the Breaux Bridge Building and Loan Associa-
ton who declared unto me Notary and the I'M |
dersigned witnesses that at a meeting OF the |
shareholders of the Breaux Bridge Building and
Loan Association held on May the 9Th, 1917, at
its domcile at Breaux Bridge, La. and after all
legal prerequisites had been observed, there ap-
peared either in person or by proxy lUs shares
and by a unanimous vote of the stockholders
present and represented the Charter or Act oil
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
citation aud under its said corporate lame 1t
$500
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 its
corporate name property both real and person.
al To 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 and may he necessary and
| proper to carry out the objects aud purposes of
| said corporations; anu sand corporation unless
sooner dissolved under the provisions ut this
charter, shall exist for period OF W. Ninety
nine years.
| ATTIC l. III.
The domciie 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 of said cOrporauon, or III his absence
upon the Vice President, or in the absence OF
both OF these officers upon the Secretary.
ARTICLE Ill.
| The object of this association shall be the &C.
| cumulation Ut funds from weekly installments
ON account of subscriptions to the capital stock
rentals, premiums and interest on loans, tht
funds 80 accumulated to be used for the pur
chase and sale OF real estate the building rem
, | tal and sale Of hurlesteads and when necessar!
and advisable the leaning of money On mort
gage security, in the Parish Of st. Martin.
ARTICLE Nv.
The Capital of this corporation shall be On,
4 Hundred Thousand Dollars, and shall be repre-
scented by uU2 shares OF two hundred dollar
each which have been subscribed To this date
May the 9Th, 1912. which shall be recognized il
! the order IN which it has been issued; and al
a stock issued from this day shall be represents
: by shares of One Hundred Dollars each. an,
, shall under one of the three plans, FULL
U PAID STOCK, In .TALLMENT STOCK, q
DAYTON STOCK, and shall be issued only i
A such amounts as the Board of Directors sha
!, determine.
FULL PAID STOCK shall be paid in full q
the time of it's issue. INSTALLMENT STOCl
shall be paid in weekly payments of twenty-hv
cents per share, for free shares, pledged share
shall pay ~ cents per share per week, froI
| which the interest shall be first deducted an
the balance credited to installments, or in sue
amounts as the Board of Directors shall dete
D mine. DAYTON STOCK shall be paid in sue
amounts and at such time the stockhold'
may determine.
n Instalment and Dayton stocks may be CONVEX
ted into Full Paid Stock by the holder payin
the difference between the present face value
such stock, or when such stock reaches its fa'
II value. provided that certificates Of full pa
stock shall be issued only ON such terms an
conditions as may be prescribed in the bylaw
n Minors may hold stock through their paren
or tutors and married women in their own righ
J. Payments on current shares, instalments an
n interest, shall be due and payable weekly G
each Saturday at the Office of the Association
J and all payments shall be imputed QD to Il
a settlement of interest due CD TO the instalmen
ON shares go the reimbursement of moneys pa
>, for the account of the shareholder; provide
,r that the order of imputation may be changed
the discretion of the Board of Directors.
On shares pledged as additional security c
real estate loans, the weekly interest on sue
loans shall be first deducted fro.p each paymen
d and the difference credited as payment on u
, stock; provided that additional payment may
made at any time OF in any amount at the o.
ton of the shareholder.
Shareholders shall have the right to withhra
il from the Association the amount paid in, t
gether with the accumulated profits due thereC
j. at the preceding dividend time, less any charg
|. and proportion of losses. if any, upon film
written notices of withdrawal, which shall
registered by the Secretary in order of their T
ceipt, and withdrawing shareholders shall
y paid in order as registered. out of the first u