The herald., 1916-04-13
Fred Leitz
Funeral Director
442-616 Jackson Ave.
] Phone jackson So S-lO-lO
AMENDMENT TO CHARTER
OF SMITH DISTRICT BUILDING AM
LOAN ASSOCIATION.

United States Of America, State of Louisi-
ana, Parish OF Orleans.
Be il known. that on this eighteenth day
Of the month OF March in the year OF our
Lord one thousand nine hundred and six
teen Qql6. before me, Louis Richard Alba,
notary public, duly mmissioned 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. Tohn 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
corporation donlciliated in this city, created
bv an act before John T. Michel, notary pub
lie, dated September 20. 1894, recorded in
the mortgage office Of this parish in book
SIC. folio 29s, and amended by act before
Andrew H. Wilson, notary. public, dated the
10th Of MAY 1896. recorded in the mortgage
office Of this parish in book sos. folio so,
and by act before G. G.. kronenberger, no
tary public on the Fist Of February 1898,
recorded in the mortgage office of this par
ish in book 600, folio 479, and by act before
@. G.. Kronenberger. notary public, on April
,. 1907. recorded in the mortgage office OF tins
parish in book ST. folio go, and by act be-
fore James Boyd Grinage, notary public on
February 10. 1918, recorded in the mortgage
office of this parish in book 1893, folio 81;
Who declared. that by virtue of and pur-
suant to the provisions of Article IN OF the
above act Of Incorporation, and pursuant TO
a resolution adopted by the stockholders Of
said association az a general meeting called
for that purpose and held at its domicile in
| New Orleans. on, January q: 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 ], 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.
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 10 said resolution declare Sections |,
| and IS of Article " of the said charter TO
| be amended in the manner and to read as
4 follows, to-wit:
ARTICLE IV-Section /. The capital stock
Of said corporation shall be five million dol
| lars (S5OO0,OOOOO) and shall be issued in
| shares Of two hundred dollars $4,000 each.
article IV.-Section 3 The shares of this
! corporation NAV be OF two kinds, RUNNING
shares" and paid up shares, Running
shares" shall be paid for in weekly or month
| lv installments of at least twenty-five cents
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 al 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 shall IS
| sue receipts, which shall be convertible int
| 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 PEI
| cent per aunum 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
| az the option of the shareholder, issue Palt
| I'M stock in certificates of one hundred dol
lars each but said Paid up shares OF one
| hundred dollars each shall be considered a.
/ martial payment on account of Full paiC
share" of two hundred dollars, and shall no
be entitled to vote in accordance with sec
ton eight of this article. This corporation
NAV issue paid up stock" Iedeemable con
currently with ordinary stock, according I
date paid up stock" issued in certificate
Of two hundred dollars or in certificates o
one hundred dollars, shall not be entitled I
dividends but shall be guaranteed not NOR
, than six per cent per annum interest, tTor
its date until paid in the discretion OF tn
board Of directors; provided that this corpc
ration shall have the right TO call IN sai
| stock or certificates and redeem them Tor IN
/, face value thereof, after not more than tnfe
| months notice to said shareholders, and sue
: shareholders shall have the right TO nav
their stock redeemed in a similar mamie
a after not more than three months noice.
Article IV.-Section IS. The dividends d.
: clared on Running stock" shall be credite
! on the pass-books OF the members annual.
9 and the interest on paid up stock sha
be paid in cash the first of January an
: ! July of each year
r Thus done and passed, city OF New .