The herald., 1915-04-08
AMENDMENT TO THE CHARTER
OF THE EQUITABLE HOMESTEAD
ASSOCIATION

State OF Louisiana, Parish OF Orleahs' Nl'y
Be it known that on this tenth day of the
month of March in the year one thousand
nine hundred and fifteen u9l5) before me-
and for the Parish of Orleans, State OF
Louisiana, duly commits and quallhed
and in the presence OF the witnesses herein
after named land undersigned, personally
came and appeared: First. Mr.. William 1.
Ermon, of full age of majority, residing IN
New Orleans and president of the Equitable
Homestead Associations; Second, MI EDWIN
r. 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 VIZ
resolution adopted by the board Of direc-
tors OF the said Equitable Homestead Asso-
citation at a meeting held on the severn
| teenth day of February 1915 at the once OF
said company in the city OF New orleans,
the said resolution being adopted IN contor-
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
| 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 ana sec
| retary to appear before me, notary, 10 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 ana SeCre-
| tary is hereto annexed as part.
And the said appearers in their respective
11acities declared that in conformity with
yo,rs action and resolution of the stockhold-
eTs of he said Equitable Homestead Asso-
| citation h,iA on the said eleventh day OF jan
uary 1915 =. 1 the resolution adopted by the
board of dir ''rs of said Equitable home,
| stead Associsu the seventeenth day oil
| February 1915 - in furtherance, OF thell
| instructions Article III and V of thu. charter
of the Equitable Ho. ad Association exc
public in the Parish of Orle IS on the eleventh
| day of May 1910 and duly recorded IN the
| mortgage office of the Parish II Orleans II
hereby altered, amended and re ,nacted tc
| Article III.-The object of this ass ;iatior
shall be the accumulation of fund tTt th'
| weekly instalments on account OF the :. D.
Inscriptions to the capital stock, rentals, DO
uses, interest on loans and other sources
the fund so accumulated to be used Tor In'
purchase and sale of real estate, the buiid
Ing. renting and sale of homesteads, and thu
lending of funds upon mortgage security OF
real estate in the City of New Orleans, or II
the Parishes of St. Bernard and Jenersoi
and upon shares of this corporation as pro
yided by the bylaws. No loan shall be mad'
except to shareholders, and no loan tor a sun
greater than the face OF the snar e
made under the control and direction of tn
hoard of directors, who shall have the powe
to make such rules, regulating the same
il NAV deem necessary and expedient ,
Article V-The corporate powers OF tn
association shall be exercised by ooar'
of directors to consist of not more than thirty
Ave stockholders, each of them owning a
least ten shares in his own name, VINO shal
he elected by the stockholders on the secon
Monday of January of each year. Any diree
tor ceasing to own ten shares shall Fps
facto forfeit his seat on the board OF direc
tors. , =, -. l.
Notice of said election shall be given 10
the space of QO) ten days by publication ]
one of the daily morning papers pubilshed !
the CITY of New Orleans. said election shal
be by ballot and shall be hell at the domicil
of the corporation, under the supervision 9
three stockholders appointed by. the boar
of directors at the last preceding regula
meeting thereof who are not candidates fo
/ election, the stockholders receiving a ma
| iority of the votes cast shall be declare
, elected. The failure to hold an election o
/ the DAYS specified shall not dissolve the CO..
, | marathon, but the directors in ofhce shall mol
: over until an election be held after ten DAY
? notice of the time and place thereof.
The board of directors shall elect from the
/ number a president first vice president,
: second vice president, the board OF director
2 shall also elect a secretary-treasurer an