The herald., 1916-04-20

LOAN ASSOCIATION.
United States OF America, State Of Louisi-
ana, Parish II Orleans.
Be i, known. that on this eighteenth day
Of the month Of March il the year % our
Lord one thousand nine hundred and six
teen 900, before me, Louis Richard Alba,
notary public. duly commissioned and quail.
fled in and for the parish OF Orleans, and
in the presence Of the witnesses hereinafter
named and undersigned personally came and
appeared, John I. Michel, Of this city and
Of and herein representing the sixth DIS
trict Building and Loan Association"
corporation domicilated IN this city, created
by an act before John 7. Michel, notary pub
the mortgage office Of this parish in book
5l6. folio 29S and amended by act before
Andrew II. Wilson, notary public, dated the
10th Of May 1896, recorded in the m2rtgage
and by act before q. G. kronenberger, no
tary public. the 2lst Of February ls9S.
recorded in the mortgage othce OF this par
Sh in book GO, folio 479, and by act before
G.. c. Kronenbcrger, notary public, on April
?. 1907 recorded in the mortgage Office Of this
parish in book 81, folio go, and by act be-
fore James Boyd Grinage., notary public, on
February 10, 1913, recorded in the mortgage
office Of this parish in book 1888, folio 81;
Who declared. that by virtue of and pur-
Suant to the provisions OF Article lN CT the
above act OF Incorporation, and pursuant TO
resolution adopted by the stockholders OF
said association at a general meeting called
for that purpose and held at its domicIle in
New Orleans, on January "a, l9l6. the whole
agreeablv to said Article IN OF the charter,
authorizing and directing him 70 carry out
the object OF said resolution which prov des
for the amendment to Sections !, and Is
Of Article " Of the said charter Of said asso-
citation, all Of which is more fully shown by
duly certified copy OF said resolution hereto
annexed.
He does. by these presents in his said ca
pacity for and in behalf of the Sixth Dis
trict Building and Loan Association pursu.
ant to said resolution declare sections l. Z
and IS of Article " OF the said charter TO
be amended in the manner and to read as
follows. to-wit:
ARTICLE IV-Section I. The capital stock
of said corporation shall be five million dol
lars (S5OO0,OOOO0 and shall be issued in
shares of two hundred dollars (S20O0O) each.
article Iv.-Section ,. The shares of this
corporation may be Of two kinds, Running
shares" and paid up shares. Running
shares" shall be paid for in weekly or month
ly installments Of at least twenty-five cents
per share per week. Additional payments
NAV be made at any time in any amount
at the option of the shareholder. Paid up
stock" shall be paid up in full at the date
of their issue, but payments on account OF
paid I'D Stock" may be made at any time
in the sum of one dollar or more per share,
for which payments the association sha!i IS
sue receipts. which shall be convertible into
certificates of paid up stock" upon the sur
render of said receipts, or they may be
cashed by their holders in the same manner
and under the rules governing. the with
drawals of shares. Said partial payments
shall draw interest at the rate of four per
cent per annum payable as the board OF
directors may determine, and shall not par
ticipate in any dividends. When said par,
tial payments shall amount to one hundred
dollars, or on the payment at any one time
of one hundred dollars. this corporation may,
at the option Of the shareholder, issue Pad
IN stock" in certificates OF one hundred dol
lars each, but said Paid up shares OF one
hundred dollars each shall be considered as
A partial payment on account of Full paid
share" of two hundred dollars, and shall not
| be entitled to vote in accordance with sec
| ton eight OF this article; This corporation
NAV issue paid TIP stock redeemahle con-
CURRENTLY with ordinary stock, according 10
date. paid up stock issued in certihcates
| of two hundred dollars or in certificates OF
| one hundred dollars, shall not be entitled to
dividends, but shall be guaranteed not more
| than six per cent per annum interest IRON
! its date until paid, in the discretion OF the
| board of directors; provided that this corpo:
| ration shall have the right to call IN said
| stock or certificates and redeem them for the
l face value thereof, after not more than three
! months notice to said shareholders, and such
| shareholders shall have the right TO have
! their stock redeemed in a similar manner
after not more than three months notice.
| Article IV.-Section IS. The dividends de
clared on Running stock shall be credited
! on the pass books of the members annually
and the interest on paid up stock sha!
be paid in cash on the hrst Of January anC
July of each year.
Thus done and passed, city Of New Or