The herald., 1914-07-16
THE HER AID

n
Notice of said election shall be given for
the space of QO) ten days by publication in
one of the daily new spapers published IN the
| city of New Orleans. Said election shall be
| by ballot. and shall be held at the domlcilc
| OF the corporation, under the supervision Of
| three stockholders appointed by the board Of
directors at the last preceding regular meeting
| thereof who are not candidates Tor election.
| The shareholders receiving a majority of the
votes cast shall be declared elected.
The failure 70 hold an election on the days
specified shall not dissolve The C"rporaton
but the directors in office shall hold power
until an election bc held after ten days notice
Of the time and place thereof.
The directors shall elect from their number
q president. vice president, second VICE prcsl-
dent, secretary, treasurer, which last t~o of
ncrS may hc held by one person. They shall
appoint such other Officers and employees as
may be necessary, who shall hold utncc drr-
the compensation of all utnCc-- and employees.
and they shall have power 90 enact bylaws
not rcpuguant Go tins charter, 'o select place
uf meeting 20 suspend any officer for neglect
of duty or misconduct. and IN case uf any
vacancy on the board among the officers from
death, resignation. removal u' any other
cause, the directors shall nave the night 10
MI such vacancy, and shall have general au-
thurIty TO carry ont the object and business
| If ih" association. But they shall not have
power 10 purchase real estate lur cash, nor
TO contract and Indebtedness without the al
nrma,lyc vote of At least I'VE directors, and
! then only In furtheraucc Of the usual and
| proper business of the association. Five d.
rcctors shall constitute quorum at all meet
Article VI-The following named persons
/ shall constitute the first board Of directors,
! 10 serve until their Successors are elected In
accordance with this charter, VIZ. Rev. Pierre
| Ldudy, Frank T.. Anderson. Rev. : T. PIrrcy.
Gcurgc +. RarurN. Rev. JOS. Mprrhrad. C. {.
| Carney J. J. Johnson. Rev. +. d. Diamond.
| Mo>r l.. Wilson. Arthur Henderson. EdN.
| Foster. Alex Iiuglc. freeman Walker, Alex
| Wilson and y. T. Johnson. with the sand
| Pierre Landry, president; Rev. :. +.
| Percy, As hr>t vice president. Rev. +. ID.
| Diamond, "a, second vice president; +. =. An
/ dcrSon, as third vice president. and \. +.
| Johnson, a~ secretary -treasurer-al OF whom
shall hold office until the third Monday Of
| January. 1911, or until their successors shall
| have been duly elected and qualified.
! This corporation shall commence business
As soon FIVE thousand dollars $500 cash
| snail have been paid in.
Art'clc \ll,Spcclal meeting OF the share
bolders shall be convened by the president at
| the request IN writing "f ten shareholders,
! stating the Lame and object OF such meeting.
| or when ordered by the directors
| Article Nlll.-No Stockholder shall ever bc
| held liable or responsible Tor the contracts
! or faults OF this association III any further
| sum than the amount Of his Indebtedness To-
| the association; nor shall any mere infor-
mality in organization have the effect OF rem
| derlng this act null. Of exposing share
holder to any liability beyond the amount OF
Article IN-This charter NAV be altered.
| amended or modified. or this corporation dis
solved by vote of three -tourthS of the CAPT
| tai stock represented ~ a general meeting
| Of the stockholders called for that purpose
after due notice mailed To each shareholder
and the publication for ten days IN a daily
newspaper Of the notice Of such meeting And
! III case OF dissolution the stockholders at
such meeting shall elect three commissioners,
who shall have entire charge OF such hquida-
uun. and such commissioners shall have au-
| thority to TIL vacancies occurring in their
number.
Thus done and passed in my notarial office
Al New Orleans aforesaid in the presence Of
William \. Wenck and Edgar G.. Gould COM
petent witnesses ot lawful age and residing
in this city, who hcreuntO subscribe their
| names, together with said appears and me.
| notary, on the day and date set forth in the
Original signed: ]. J. Johnson. 10 shares
\. +. Johnson. 10 shares; f. Anderson. 10
shares; G. ". f. Kendall. 10 shares; Victor
augustine, 10 shares; Rev. Joseph Morehead,
10 shares; Nelson Hogan (N his mark. 10
shares Alex Tinglc (N his mark, 10 shares {:
Fred Cole tN his mark, 10 shares; Alex vii
| (N his mark. 10 shares; Sarah Olande, 5
shares; Mrs. Mary +. Donuan, shares: Hen
rIetta lanis, % shares; Pierre Landry, 10
shares; Mrs Margaret Wilson. 10 shares; Rev;
shares; {. {. Carney, 10 shares; II. J. Glenn,
| 10 shares; A. II. Henderson, 10 shares Mag.
gle Pecon. 5 shares; Emmerline Jones. ;
| shares; BENJAMIN Smith N his mark, ;
shares; Mary Butler (N her mark. 10 shares
| Freeman Walker (N his maTkl 10 shares
Mary f. Ross, share; Hattie c. Pcou. !
shares: George f. Barnes 10 shares; a. ].
| Gray, 10 shares Frank 7. Anderson, 10 shares :
| f. Foster, 10 shares; Abram Jacobs (N his
mark, 10 shares; George F. Young, shares
| Julia Brook. 10 shares: Smith A James. 5
| shares; Mrs. ]. 4. Smith. 5 shares: Mrs
Sarah Porter, 10 shares; Nose L. Wilson, 10
| shares; Jeff Reed, 10 shares; :. +. Piercy, 10
| shares
Witnesses: w A. Wenck. F. g. Could.
WM. RENAUDIN. Not. Pub.
| ], the undersigned. recorder Of mortgages
| mortgages, in and for the parish of Orleans.
| state OF Louisiana. do hereby certify that the
| above and foregoing act Of incorporation OF
| the Magnolia Building and Loan Association
was this day duly recorded in my Office, in
| book ll27, folio ..
| New Orleans, La, July II, 1914
| CSigneD EMILE T. LEONARD
| (Scal) d. r. NJ
| |. the undersigned, notary. do hereby certify
| the foregoing and within to be a true and
| correct copy Of the oroginal act of incorpora.
tion OF the Magnolia Building and Loan As
| Soci4tion, together with the certificate of the
| recorder Of mortgages thereunto appended on
| file and of record in my office.
| In faith whereof, | hereunto set my hand
| and seal this llth day of July, A. ID. 1914
| tSigned) WM RENAUDIN. Not Pub
| iulv IL u N g,,y 4 Il N