The Donaldsonville chief., 1913-05-10
c r s E r.
Of the

ELMO AND ENsloM BUILD
IN g AND ES-sSs oeIATioN
United States of America state Of Lou
isiana-Isalis isl of Orleans City of
New Orleans.
- E IT KNOWN, that on this, the
e Gay OF the montn or April,
IN the year OF Our Lord. one thousand
nine hundred and thirteen, and of the
independence OF the United States of
america the one, hundred and thirty
seventh, before me, ALEXIS BRIAN, a
notary pubic, duly commissioned and
qualified within and for the parish of
Orleans, state of Louisiana, and in the
presence Of the witnesses hereinafter
named and undersigned, personally came
stlid appeared the several persons whose
names are hereunIo subscribed who
declared that, aFailing themselves of
tge provisions OF tie laws of the state
mcnt and conduct OF building and loan
ASSOCIATIONS, they have contracted and
agreed, and do by these presents con-
tract, agree and bind themselves as we'll
Is sQcn other persons as may hereaf-
Ter become associated with them to
Loifia q corporation for the purposes and
way .1Eh Inc me p9mefs hereinafte set forth,
OF act OF Incorporation, to-Wit:
ARTICLE l.
The name and title Of this corporation
shall be So. ELMO AND ASG fiNssiON
BUILDING AND LOAN SSOsIAIItJN. :. >
rs rs domicile snail be at st. Elmo in
the parish Of Ascension. state of LOU
Islana. Il Shall enjoy corporate exist
ence TOR d period of ninety-nine {yS)
Years, unless sooner dissolved under
tIe provisions OF this charter
ARTICLE II
said corporation shall have power to
Goulfact, to sue and be sued to make
a1d use corporate seal: to hold, re-
eeiFe, lease, purchase, convey, mort
zass,a1 sage and pledge property, both real and
pedsomal' to lend or borrow money on
security OF any kind or character; to
estaplish and maintain out of it's rev.
ehues from any source such special
ihlds i1 as may be necessary to cover
losses or meet the liability or redemp-
ton or payment Of the naatured shares;
10 make. and establish such bylaws
rules and regulations for the 8 proper.
mana N mas cement and conduct of the affairs
ana proper, and the same to change and
altef at pleasure; to name and appoint
such oII1cefs and agents as the inter-
eses t, anu convenience Of said corporation.
s@ach @ acts and. things as are or may be
ne t1ecessaIy ana Proper to carry out
the OBJECTS and purposes of said cor
poration.
ARTICLE III.
:, The objects and purposes for which
this corporation fs4esfabIisheds and the
nature OF the business to be conducted
oy It, are declared to be: To assist
tiie ileihoeIS thereof in purchasing
eunlildlng,- ni Improving % and repairirsg real
estaIe On 1onesfeads, and removing the
sitsatapfaae9s therefrem, and for the
f, fpulpose q. ioanlng money to the mem
psrs t"s Ehefeofi to provide means for
tle SaIe and profitable investment
- - SUBSCRIPTIONS l to the capital stock,
: 7l Eatats, bonuses, interest on loans, paid
Up a 81 seoeh Z. and other=sources, in the pur-
l1s, my, renting and sale of homesteads.
the lending of money to the members
upon mortgage security in the parish ST
ascension and upon the shares of the
STOCK OF this corporation as may be
provided in the by Tvs
ARTICLE ~.
me capital stock of this corporation
all' ahal pe i've hundred thousand (s500- /
oegl oeg oos oaoItaTs, divided into fifty thousandE
! ! i syVu1 shafes of the par value of one
muiaSfed s.taalL doilaTs (S190) each. The said |
stoGk tetI shali be issued in consecutive in /
; ; sstdiilnehts ' or series. Said stock shall |
-, ~ ulNtaea INTO TWO different classes:
ment stock. Full paia withdrawsahi stf,I
stock shall be issued at par on m de- de-
mands and the number Of such shares /
shaI be regulated BY resolution of the /
poard Of directors Said full paid with
dfaWabie stock n1ay#be maid for in f11lI
on issuance, or Subscriptions therefor
may De taken and subscribers permitfe ed
70 pay on account thereof such INSTALL |
lheAts ana at such times as may be
asleeo upon, and said sums shall be I
entered in receipt book until s11cI,
times as the subscriber NAV desire ia
Apply ali or part of the accI9n,1Ia ted /