The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-30

LOAN ASSOCIATION.
United States of America, State of Louisi
| ana, Parish OF Orleans.
BE it known. that on this eighteenth da,
! OF the month of March in the year Of ouI
| Lord one thousand nine hundred and six
| teen O9l6), before me, Louis Richard Alba
| notary public, duly commissioned and quail
| ihed IN and for the parish of Orleans. and
| IN the presence OF the witnesses hereinafter
named and undersigned; personally came and
| appeared. John T. Michel, of this city and
| Of the lawful age Of majority, the president
! OF and herein representing the Sixth Dis
trict building and Loan Association" a
/ by an act before John T. Michel, notary pub.
| lie, dated September 90 1894, recorded in
| the mortgage Office of this parish in book
5l6,, folio 2os, and amended by act before
Andrew II. Wilson, notary public. dated the
| 10th of May 1896. recorded in the mortgage
Office of this parish in book sos, folio 562
and by act before G.. G. Kronenberger, no.
tary public, on the 2lst Of February 1898
lsh in book 600, folio 40, and by act before
9. O. kronenberger, notary public. on April
2, 1907 recorded in the mortgage office of this
parish in book S77. folio $50 and by act be.
fore James Boyd Grinage, notary public, on
February 10. 1918, recorded in the mortgage
Office Of this parish in book 1883, folio 81;
Who declared that by virtue of and pur-
suant TO the provisions Of Article TX of the
above act of Incorporation, and pursuant 10
a resolution adopted by the stockholders of
said association at general meeting called
Tor that purpose and held at its domicile in
New Orleans, on. January "a. 1916. the whole
agreeably TO said Article IL of the charter,
authorizing and directing him TO carry out
the object of said resolution which provides
for the amendment TO Sections l, and IS
of Article " of the said charter of said asso-
citation, all Of which is more fully shown by
a duly certified copy of said resolution hereto
annexed.
pacity for and in behalf of the Sixth Dis
trict Building and Loan Association pursu-
ant to said resolution declare Sections /, 2 |
and IS Of Article " of the said charter 10
be, amended in the manner and to read as
follows, to-wit:
Article IV-Section l. The capital stock |
Of said corporation shall be FIVE million dol. |
lars CS5,ooOOoO.OO and shall be issued in
shares Of two hundred dollars $4,000 each |
Article IV.-Secton ?. The shares of this |
may be Of two kinds, Running !
shares" and paid up shares" Running |
shares shall be paid for in weekly or month |
per share per week. Additional payments |
may be made at any time or in any amount |
At the option of the shareholder. paid up
stock" shall be paid up in full at the date
Paid up Stock" may be made at any time
n the of one dollar or more per share,
or which payments the association shall is
Tue receipts, which shall be convertible into
sCl lllNdtts OF dlO up STOCK upon the sur
ender of said receipts, or they may be
,ashed by their holders in the same manner
md under the rules governing the with
irawals Of shares. Said partial payments
hall draw interest at the rate. Of four, per
ent per annum payable as the board Of
directors may determine, and shall not par
iclpate in any dividends. When said par
lal payments shall amount to one hundred
lollars, or on the payment at any one time
I one hundred dollars, this corporation may.
t the option of the shareholder, issue paid
p stock" in certificates of one hundred dol
ars each. but said Paid up shares" Of one
undred dollars each shall be considered as
partial payment on account OF Full paid
hare" of two hundred dollars, and shall not
e entitled to vote in accordance with sec.
ion eight of this article. This corporation
lay issue Paid up stock" redeemable con-
urrently with ordinary stock, according to
ate. paid up stock" issued in certificates
two hundred dollars or in certificates of
ne hundred dollars, shall not be entitled TO
ividends, but shall be guaranteed not more