The herald., 1914-07-16
CHARTER
OF CONSERVATIVE HOMESTEAD ASSo.
CATION
CHARTER

NJ
United States Of America, State of Louisiana,
City of New Orleans.
BE IL known that on this eighteenth day d
the month Of june. in the year one tnousano
nine hundred and fourteen, before me, An
drew NJ. Buchanan, a notary public. auIy
commissioned and sworn in for the parish OF
Orleans and city OF New orleans, ueie.n es Ie
siding and in the presence OF the witnesses
hereinafter named and undersigned, person
ally appeared the persons whose names are
hereunto subscribed, VINO oeeiareu thst, a. tsws
of this state, relative to the organization OF
corporations and particularly those 1elatlve 10
the organization OF Homestead Associatlolis'
they do by these presents covenant agree
hind form and constitute themselves ana
those who may hereafter become associated
with them, into corporation Tor the ooJec's
.pd nurDoses following, to-wIt:
Article 1.-The name and title OF said cor
noration shall be the Conservation Home
stead Association" and under its said cor
porate name shall have power and authoIlty
to contract, sue and to be sued; to make ana
use corporate seal, and the same to Dreak
or alter at pleasure; to hold receive, tease,
purchase, convey, pledge and mortgage, under
rs corporate name property, both real and
personal; lend and borrow money; TO estao-
iiSh and maintain out OF Its receipts from any
source such special funds as may be deemed
,Jv;sable in order to create sinking, contin-
GENT or reserve funds to cover losses OF 10
meet the liability for redemption or payment
of matured shares; to name ana aPpo,mds eon,
venience of said corporation may require' 70
make and establish such bylaws, rules and
Te0I,lations for the proper management ana
regulation of the affairs of said corporation
as NAV be necessary and proper, and the same
TO change and alter at pleasure, ana 10 90 al
such acts and things are, or may be, nee
essary and proepr to carry out the pOJee'S
and purposes of said corporation.
Article 1.-THE domicile OF said corpora
ton shall be in the city of New Orleans, IN IN
the state of Louisiana, and all citations OF
other legal process shall be served upon the
president of said corporation, or In ms a0-
sence upon the vice-president, or, IN the ao-
sence of these officers, upon the secretary.
The said corporation shall have corporate
existence for the period OF nlnety-nlne years.
Article III-The objects of this corporation
shall he the accumulation of funds from the
weekly or monthly installments paid on STOCK
subscriptions interest on loans, bonuses, rem
tsIs and other sources; the fund so accume-
lated TO be used for the purchase OF oulld-
ing for the use of this association, the pur-
chasing, building, renting and sale OF nome
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 direc-
tors by pledging its securities, or IN any othei
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 cer-
poration shall be five million dollars CSSOOO,-
0OO, represented by shares of one hundred
dollars $4,000 each, to be issued IN two
forms, 'sPaid Up and Current" Current
stock shall be paid for in weekly or monthly