The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-06
AMENDMENT TO THE CHARTER
OF THE EQUITABLE HOMESTEAD
ASSOCIATION
State of Louisiana,

State of Louisiana, Parish of Orleans, City
Be it known that on this tenth day of the
month of March in the year one thousand
nine hundred and fifteen Q9l5) before me,
Wynne G. Rogers, a notary, public within
and for the Parish of Orleans, State of
Louisiana, duly commissioned and qualified
and in the presence of the witnesses herein
after named land Undersigned personally
game and appeared: First Mr.. William :;
New Orleans and president of the Equitable
Homestead Associations; Second, Mr.. Edwin
X. Beauvais, also of full age of majority and
a resident of this city and secretary of the
said Equitable Homestead Association. Which
said parties appear herein under and by vir-
tue of the authority in them vested by
tors of the said Equitable Homestead Asso-
citation at a meeting held on the seven:
teenth day of February 1915 at the office OF
the said resolution being adopted in confor-
nifty to and to give effect to the resolutions
and actions of the stockholders OF the SAID
Equitable Homestead Association held at the
office of said company the 18th day OF
January 1915 for the amendment and reenact-
ment Of Article III of the charter and also
the amendment and reenactment of Article V
of the charter OF the said Equitable Home
stead Association, and which resolution of the
board of directors of said company autho-
rized and directed the said president and sec
rotary to appear before me, notary, TO put
said changes amendments and reenactments
of record in authentic form, a copy OF the
said resolution of the said board Of directors,
| duly certified by the president and secre-
tary is hereto annexed part.
And the said appearers IN their respective
capacities declared that in conformity with
votes action and resolution of the stockhold-
| ers of the said Equitable Homestead Asso-
| citation held on the said eleventh day of Jam
| uary 1915 and the resolution adopted by the
board of directors of said Equitable Home.
stead Association on the seventeenth day of
| February 1915 and in furtherance OF their
| instructions Articles III and V of the charter
of the Equitable Homestead Association exc
cuted before William Renaudin, late notary
| public in the Parish of Orleans on the eleventh
| day of May 1910 and duly recorded in the
mortgage Office of the Parish OF Orleans IN
book 984 folio 402 ct seq be and the same IS
hereby altered, amended and re-enacted to
Article III.-The object of this association
| shall be the accumulation of fund from the
weekly installments on account OF the SUD
scrptions to the capital stock, rentals, bon
uses interest on loans and other sources
the fund SO accumulated to be used for the
purchase and sale of real estate, the build
ing renting and sale of homesteads, and the
lending of funds upon mortgage security or
real estate in the City of New Orleans, or II
the Parishes of St. Bernard and Jefferson
yided by the bylaws. No loan shall be mad,
! except to shareholders, and no loan for a sun
greater than the face OF the shares
owned by the borrower. All loans shall D.
made under the control and direction OF tn
board of directors, who shall have the powe
10 make such rules, regulating the same a
it may deem necessary and expedient ,
Article V-The corporate powers of tn
| association shall be exercised by boar
of directors to consist of not more than thirty
FIVE stockholders, each of them owning, a
least ten shares in his own name, who shall
be elected by the stockholders on the secon
4 Monday of January of each year. Any direc
tor ceasing to own ten shares shall Fps
facto forfeit his seat on the board OF direc
tors.
Notice of said election shall be given 70
the space of QO) ten days by publication !
The Civ of New Orleans. Said election shal
be by ballot and shall be held at the domicil
of the corporation, under the supervision
three stockholders appointed by. the boar
! of directors at the last preceding regula
meeting thereof who not candidates 70