The herald., 1916-04-27
ACT OLE AMENDMENT
AII UF AMENDMEN
OF THE SAVINGS x HOMESTEAD AS!
CITATION

OF THE SAVINGS 4 HOMESTEAD ASSO
State OF Louisiana, Parish of Orleans, City
| OF New Orleans.
| BE it known, that on this 18th day OF
| April, in the year of our Lord, one thousand
| nine hundred and sixteen, before me, Martin
| IL. ManIOn, 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
sonally came and appeared: Messrs. Louis
Hausmanu and Ihad q. Stehle, both OF full
age of majority and residents OF the city OF
New Orleans, herein appearing in their ca
pacItIeS OF president and secretary treaSurer,
respectively, OF the Savings x Homestead
Association, a corporation duly organized
under the laws OF the State OF Louisiana, and
domicIlcd in the parish OF Orleans, the said
appearers herein acting in their said Capa-
cities and for and in behalf Of said corpora
ton, under and by virtue OF resolution
adopted at a general meeting OF the stock
holders theerOt. hereinafter referred to, who
declared that notice thereof had been given
to the stockholders more than ten days prior
to the said meeting, As per publication IN the
Times PIcayuue on March 4th, 5tth, 9th, 9TH.
Sth, 9th, 10Th, llth l2th, 18th and l4th; that
pursuant to said notice a general meeting al
tie stockholders OF said The Savings
Homestead Association was held in the Of
hcc 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-thIrds Of the
capital stock present and represented, agreed
and voted that Article Y 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 V-All the powers Of this corpora
ton shall be vested and exercised by a board
Of directors composed Of twcnty-Oue share
holders, each holding not less than ten
shares OF stock Of any sort.
The present board Of directors shall hold
80 -.
airy. 1917, and annually thereafter the stock
holders shall elect from their number
twcuty-Oue directors To serve for term OF
one year. Elections for directors shall be
held under the supervision OF three com
mi toner's, shareholders previously appoint
ed by the president, at general meeting
OF the shareholders held after notice pub
Ii she'd three times in ten days in one Of
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 10 hold an election on the day speCI-
ned shall not dissolve the association, but
the directors in office shall hold over and
serve until all election be held after due
notice as above provided; or the general
meeting may be adjourned 20 a hNcd date
on which the election may be held without
further notice.
the remaining directors cleC,iug member |
or members 10 serve for the uucNpI-ed term. /
The board OF directors shall meet and Or
game within fifteen days 81 their election
ard shall select from tEel- number pTcsi-
dent and vice president They shall also
select a secretary treasurer, and appoint SUCH
other officers or employees as the business .
may require. and shall tx the salary Or
other compensation gf all officers and en-
They shall enact bylaws not repugnant to
law nor 20 this charter, and change same