The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-13
AMENDMENT TO THE CHARTER
OF THE EQUITABLE HOMESTEAD
ASSOCIATION

State of Louisiana, Parish OF Orleans, City
of New Orleans.
Be it known that on this tenth day of the
month of March in the year one thousand
nine hundred and fifteen Q9l0 before me,
Nynne G. Rogers, notary public within
and for the Parish of Orleans, State OF
Louisiana, duly commis sioned and qualified
and in the presence Of the. witnesses herein
after named and undersigned, personally
came and appeared: First. Mr.. William C..
Ermon, of full age of majority, residing in
Homestead Associations; Second, Mr.. Edwin
K. Beauvas, 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 viz
tue of the authority in them vested by a
resolution adopted by the board of direc-
tors of the said Equitable Homestead Asso-
citation at a meeting held on the seven.
teenth day of February 1915 at the office Of
said company in the city OF New Orleans,
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 on 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, copy of the
said resolution of the said board OF directors,
duly certified by the president and secre-
tary is hereto annexed as 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 jan
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 furtheranee OF their
Al md Of he
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
J 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
read as follows:
Article III.-The object of this association
| shall be the accumulation of fund from the
weekly installments on account OF the SUD-
scriptions to the capital stock, rentals, bon
uses, interest 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 on
real estate in the City of New Orleans, or in
the Parishes of St. Bernard and Jefferson
and upon shares. of this corporation as pro-
vided by the bylaws. No loan shall be made
except to shareholders, and no loan for a sum
greater than the face of the shares
owned by the borrower. All loans shall be
made under the control and direction OF the
| board of directors, who shall have the power
to make such rules, regulating the same as
| it may deem necessary and expedient.
/ Article V.-The corporate powers OF the
| association shall be exercised by a board
of directors to consist of not more than thirty
| FIVE stockholders, each of them owning al
least ten shares in his own name, who shall
| be elected by the stockholders on the second
Monday of January of each year. Any direc-
| tor ceasing to own ten shares shall ipso
facto forfeit his seat on the board OF direc'
| tors.
Notice of said election shall be given fol-
the space of Q0) ten days by publication IN
one of the daily morning papers published n
| the City of New Orleans. Said election shall
be by ballot and shall be held at the domicile
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 fol