The herald., 1916-06-01
ACT OF AMENDMENT
OF THE SAVINGS Il HOMESTEAD ASS
CITATION.

IN ION.
State Of Louisiana, Parish Of Orleans, City
| Of New Orleans.
! Be j, known, tina; on ;h.s 18th day Of
Aprll, IN the year OF oar Lord, one thousand
nine hundred and sixteen, before me, Martin
| IL. Maniou. notary public, duly commits
} stoned and qualified, in and for the parish
! OF Orleans, State OF Louisiana. and in the
| presence Of the undersigned witnesses, per
! Soualy came and appeared: NcSSrs. Louis
! llauSmaun and Ihad G.. Stehle. both OF full
| age of majority and residents Of the city Of
New Orleans, herein appearing IN their ca
J paci!ieS OF president and scCrctary-trcaSurer,
respectively, Of the Savings Home ste al
/ Association. a corporation duly !OrEanizcd
| under the laws Of the State OF Lousi and
! tOmlCI!ed IN the parish OF Orleans. the said
appearerS herein acting IN their said capa-
cities and for and IN behalf OF said corpora
ZION, under and by virtue OF resolution
adopted at a general meeting of the stock
/ holders thecrof, hereinafter referred to, who
| declared that notice thereof had been given
10 the stockholders more than ten days prior
! 70 the SAID meeting, IS per publication IN the
| l'uc>-PlCayuUe on March +,h, 5th. 9th, 9TH,
! sth. 9th, lgth, llth 18th, 18th and 18th, that
! pursuant TO sand notice a general meeting OF
| Ire stockholders Of said The Savings a
! Homestead Association was held in the of
| nce Of the said association in the parish Of
Orleans, on the l4th day OF March, 1910, for
| the purpose OF amending the original act Of
Incorporation OF said association; and that
| At SAID meeting more than twO-thlrds OF the
capital stock present and represented, agreed
and voted that Article V should be changed
altered and amended in the particulars fol
| lowing, to-wit:
That Article V was amended 50 as to read
as follows:
Article N.-All the powers of this corpora
ton shall! be vested and exercised by 4 board
| OF directors composed OF twenty-one share
holders, each holding not less than ten
shares of stock Of any sort
The present board of directors shall hold
! office until the third Wednesday of Janu-
airy, 1917 and annually thereafter the stock
twenty-One directors to serve for a term Of
one year. Elections Tor directors shall be
held under the supervision of three com
misSioners, shareholders previously appoint
ed by the president, at a general meeting
OF the shareholders held after notice pub
llShed three times in ten days in one of
the morning daily papers OF this city, and
! each member shall be entitled TO one vote
IN person or by proxy, for each share OF
stock held for sixty days or longer. The
persons receiving a majority OF the votes
cast shall be declared elected and qualified.
Failure to hold an election on the day speci-
ned shall not dissolve the association, but
the directors in office shall hold over and
serve until an election be held after due
meeting may be adjourned to a fixed date
on which the election may be held without
further notice.
Vacancies on the board shall be filled by
the remaining directors eleCtIng a member
members TO serve for the unexpired term
The board of directors shall meet and or
game within fifteen days of their election
aud shall select from their number a presi-
deat and a vicc-president. They shall also
select a secretary treasurer, and appoint such
other officers or employees as the business
may require, and shall fix the salary or
other compensation OF all officers and en-
rloyes.
They shall enact bylaws not rcpugnant TO
1agt 81. d. .,T -
At pleasure, and shall suspend or discharge
officers or employees for misconduct or ne
glect OF duty, appointing their successors;
and generally they shall have and exercise
full powers 70 carry on the business OF the
corporation. Through the executive officers
they shall annually report to the members on
the general growth and condition Of the
association.
Thus done and passed at my Office in The
PARISH OF Orleans, State Of Louisiana. on the
day ard in the month and year herein hrst
above written, in the presence q Mess-s.
Henry Mccall and II. ScIncr, competent VII.