The herald., 1914-07-09
CHARTER
CHARTER
OF CONSERVATIVE HOMESTEAD ASSo-
CITATION


United States of America, State of Louisiana,
City Of New Orleans.
Be it known that on this eighteenth day Of
the month of June, in the year one thousand
nine hundred and fourteen, before me, An
drew NJ. Buchanan, a notary public, duly
commissioned and sworn in for the parish OF
Orleans and city of New Orleans, therein re-
siding and in the presence of the witnesses
hereinafter named and undersigned, person
ally apeared the persons whose names are
hereunto subscribed, who decl lared that, avail
ING themselves of the provisions of the laws
of this state, relative to the organization OF
corporations and particularly those relative TO
the organization OF Homestead Associsuone'
they do by these presents covenant, agree;
bind, form and constitute themselves and
those who may hereafter become associated
with them, into a corporation for the objects
and purposes following, to-wit:
Article 1.-The name and title of said cor.
poration shall be the Conservation Home
stead Association" and under its said cor
porate name shall have power and authority
10 contract, sue and TO be sued; to make and
use a corporate seal, and the same TO break
or alter at pleasure; to hold, receive, tease,
purchase, convey, pledge and mortgage. under
personal; lend and borrow money; to estao-
iish and maintain out of its receipts from any
source, such special funds as may be deemed
advisable in order to create sinking, contin-
gent or reserve funds to cover losses, or to
meet the liability for redemption or payment
of matured shares; to name and appoint such
officers and agents as the interest ana con-
yenience Of said corporation may require; TO
make and establish such bylaws, rules and
regulations for the proper management sno
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, or may be, nee
essary and proepr to carry out the opjects
and purposes of said corporation.
Article 1.-THE domicile OF said corpora
ton shall be in the city OF New orleans IN
the state of Louisiana, and all citations OF
other legal process shall be served upon the
Il
sence, upon the vice-president, or, in the ab-
Sence Of these officers, upon the secretary.
The said corporation shall have corporate
existence for the period of ninety-nine years
Article III.-The objects OF this corporation
shall be the accumulation OF funds from the
weekly or monthly installments paid on stock
subscriptions, interest on loans, bonuses, rem
tails and other sources; the fund so accumc-
lated 10 be used for the purchase of build
ing for the use of this association, the pur-
chasing building, renting and sale OF home
steads and other property situated IN the pa,"
ishes of Orleans, St. Bernard and Jefferson IN
the state of Louisiana, and the Lending OF
funds upon mortgage security in the said par
ishes. and upon shares of this corporation as
may be provided by its bylaws: to borrow
money in the discretion of its board OF direo-
tors by pledging its securities, or IN any Other
manner, and generally to do all things ger
name to the homestead business permissible
under the general laws of this state.
Article IV.-The capital stock OF this cor
poration shall be FIVE million dollars tSSUO,-
0OO), represented by shares of one hundred
dollars (Sl0O.00 each, to be issued in two
forms, 'lPaid Up" and Current" Current
stock shall be paid for in weekly or monthly