The herald., 1914-07-09
AMENDMENT TO CHARTER
OF THE
ACME HOMESTEAD ASSOCIATION.

United States of America, State of Louisi-
ana, City Of New Orleans, Parish OF Orleans.
BE II known, That on this twenty-nlnth Gay
Of the month Of May. in the year one thou
sand, nine hundred and fourteen, before me-
ROBERT LEGIER. notary public, duly
commissioned and qualified IN and tor the
Parish of Orleans, state OF louisiana @ @alote,
aid. therein residing, and IN the presence
of the Witnesses hereinafter named ana un,
dersgned, personally came and appeared
Mes,rs Chester W. Brown and Henry J. Le-
doux both OF the full age OF majority and resi-
dents Of this city, herein acting IN their respec.
tive capaCiiieS OF president and secretary OF
the ACME HOMESTEAD ASSOClAllON,
A corporation organized under the laws OF
this State and domiCiled in this city, inStitut.
ed by an act passed before the undersigned
notary, on March ., 1902 recorded IN the
Mortgage Office, Book go, folio y; and the
said appearcrs, acting IN their aforesaid re-
Spectiye capacities, declared that meeting
Of the stockholders ot said association, and
at meeting of the board Of directors OF SAID
association, as will more fully appear by the
annexed certified extract from the minutes
thereof the charter OF tltc said Acme Home
stead Association was amended as herein
after fully set forth, and that they, SAID ap-
pearers, were duly authorized and empowered
10 cause said amendments to the charter OF
said Acme Homestead Association to be
embodied in a notarial act.
Now, therefore, in accordance with said
resolution, they, said appearers, acting IN
their aforesaid respective capacities, have ap-
DeaTed before me, notary, lot inc puipoSS VI
placing said amendment to the charter OF
the said Acme Homestead Association IN au-
thentic form, by notarlal act, and hereby de-
clared that Article III, of the charter OF the
said Acme Homestead Association, as now
amended shall hereaftes read as follows, to-
wit:
"Article III. The objects and purposes for
which this corporation IS formed and the
nature of its business shall be the accumu-
lation of a fund from payment made on ac-
count of the capital stock, rentals, bonuses:
interest on loans and other sources, the fund
so accumulated TO be used for the purpose OF
assisting the members ~ said association IN
purchasing, building and improving and re.
pairing real estate and homesteads situated
in the city of New Orleans and the Par
shes of St. Bernard. Jefferson and ~. Iam-
many, in the State Of louisiana. and remov-
ing enCumbrances therefrom, and OF loaning
money on shares or otherwise to its members
and to the above end II shall be lawful Tor
said ASSOCIATION to purchase from any share
holder or other persons, any real estate, I'M
proved or unimproved, and to sell or dispose
Of the same in the condition or after
improving. repairing or building on the same
to any member, provided that SAID ASSOCIATION
may make sales Of property, real and person
al, either for cash on terms of credit; that
said association shall have power TO loan
and advance money to its members tor the
purpose of enabling its >nembers to purchase,
improve, repair and build upon real estate
and 10 remove encumbrances and mortgages
therefrom. and for any sther purpose, and TO
make all contracts and to do all acts neces-
sary. and proper IN connection Herewith OF
incidental to these objects and purposes.
"No loans shall be made except 10 share
holders, and no loan for sum greater than
| the face of the shares owned by the bor-
rover.
| "All loans and other transactions shall be
under the control and direction of the board
of directors of this association, IN accordance
| with this charter and the bylaws OF said as
| sociation, and said board shall have the pow
m rnale such rules regulations O BYLAW g
| regulating same, as II may be deemed neces
| sary and expedient.
| This association shall have the right and
| power to merge and consolidate with any
| similar association or TO acquire under such
| terms and conditions as may be liked by the
| board of directors, the pSoperty. assets, rights
| business, etc, for any corporation or corpor'
| ations having the same OBJECTS as this asso'
| citation, or similar objects, and to make all
| necessary contracts and arrangements with
| such corporation or corporations and the
| stockholders thereof"
| Thus done and passed at my office in the
city of New Orleans, on the day, month and
| year herein first above written, in the pres
ence of Theodore A. Beck and Miss Odle
| Musson, both of this city, competent wit
nesses, who have hereunto signed their names
With the said appearers and me, notary, after
| due reading of the whole.
Chester W. Brown, President; H. J. Le
| doux, Secretary.
! Witnesses:
T. A. BECK,
| ODILE MUSSON.
| ROBERT LEGIER, Notary Public.
| I. the undersigned Re :order of Mortgages
| in and for the Parish of Orleans, State Of
Louisiana, do hereby certify that the above
and foregoing act OF amendment to the char
| TlON was this day duly recorded in my
| ofhce in Book ll27, Folio.
| New Orleans. La, May 20, 1914.
| EMILE J. LEONARD. Rep. REC.
| A true copy:
ROBERT LEGIER, Notary Public
| June IL IS IS July 2 9 1914.