The weekly Iberian. (New Iberia, La.) 1894-1946, 1914-01-24
IBERIA BUILDING ASSN.
Continued from page |.

se-t~>%S-~~rsSs---~-sr>
lures that have aided materially
In their growth. | would therefore
urge, not only the stockholders OF
the Association, but all the citizens
~ our community, as we'll, to Join
In making the stay of the delegates
In every way pleasant and agree
able.
there was again a slight shrinkage
Of assets, this decrease being $780,
900 during 1913 as against $4,000
In 1912, due 20 the rapid liquidation
of the old serial stock and loans.
The usual dividend OF per cent,
compounded semi-annually, was
declared. ~ is the policy OF your
Directors TO be conservative in the
matter OF dividends until condi-
tons Justify the increase thereof.
After the reading of the Presidents
address the election of board of d..
rectors for the ensuing year was an
nounced as being IN order, when Mr.
w. ID. Reynolds, one of the commits
sioners OF election put In nomination
the personnel OF the old board. This
was seconded by MIR. l.. v. Jennaro
Mr.. A. A (. ncBlanc moved the closing
OF nominations and the reelection OF
the old board by reclamation These
motions were unanimously carried in
proper order.
Mr.. Galland then presented the fol
lowing resolution:
RESOLUTION
Be Il resoI, ed that we, the stock
holders OF the Iberia building AS
ISOLATION, in annual meeting as
Ecmblrd, do hereby approve the
Policies and methods OF the Beard
Of Directors OF the Iberia Building
Association as outlined In the Press
idcnts address; and we especially
approve OF the proposition to OBJ
tain the transmitting or cxchanE-
inE OF Serial Stock into Dayton
Stocls and Paid VI Stock and the
Serial ionns, when ever possible and
practicable, into Dayton Loans.
And We hersby recommend to. and
authorize the Board OF Directors
OF the Association to adopt such
resolutions and 10 this end To do
such things nv may invite such ac-
oVih Vtt tht i'utt vi ttt hVi0tIN vi
such Serial Stock including the use
Of amounts from the Contingent
Funds OF the Association II neces-
snry.
This brought ont very general dis
cussion OF the merits OF the resolution
before IL was finally adopted by a
unanimous vote.
The meeting then expressed It's
thanks TO Mr.. X s. Mcmahon for his
usual kindness in lending seats for
these occasions and expressing the
sincere wish for his early restoration
10 health. Adjournment followed.
This meeting was the best attended
meeting IN recent years Those pres
cpt seemed TO hold mn animated inter-
est Ia the work Of the association.
On Wednesday evening the Board
met, eiosed no the business OF the past
year and organized for the ensuing
years work;
Five. Of six, applications for loans
were approved aud authorized. upon
usual conditions. The aggregate
amount applied for amounts to Sa670.
The 23rd Annual session OF the State
Homestead Leagne IL to be held here
on April "A and ~. by resolution or
the board the toiiowing Committee ON
Arrangements was created: II +. Mil
lard. M. q. Weeks. A. Daigre and Lag.
ard king
The following is the result Of The
election OF otacers aud appointments
for the ensuing year:
President. t. r. Willard.
Vice President. ] "A. Fagot.
President Pro TEN. Lagard king.
Secretary, w. @. Weeks. Salary
$500 90.
Allowance for Clerical Assistance.
&l2O0.00.
Secretary's Bond. $40 600. 10; Sure
tscs =. 7. Weeks and John N. Weeks.
Bond OF Clerk. f75oouO.
Expert. W J. Bernard
Appraisemcnt Committee. w. J.I
Bernard. A. baigre and J. A. Fagot.
Auditor. O. a Modinger.
ATTORNEY. Edw. II. Weeks.
Notary. w. a. Weeks.
insnranee. John 4. White. Agent.
Rochester German Underwriters
Agency.
peposisoriex. Any Bank of Parish
willing 10 pay , per cent at discretion
OF President and Secretary. Funds |
now La Peoples National BMnk.
Fixed rate Of interest ON Paid IN
stock, same as the present rate. 5 per