The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
AMENDMENT TO CHARTER
THIRD DISTRICT RIIIT DINO ASS

Or IHlRD DlSIRiSI BUILDING Assn
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known, That on this twenty sixth
day of October in the year one thousand
nine hundred and seventeen, before me,
Frederick Zengel, a notary public, duly COM
missloned and qualified, in and for the
Parish of Orleans, State of Louisiana, and
in the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared:
William Frantz, the President of and here.
| in representing the Third District Building
Association, a duly incorporated institution
OF this State, domiciled in the City of New
notary, on the 18th day of April, 1887, re-
| corded in the Mortgage Office of this Parish
| in Book 1853, Fo. 81, who declared:
That after thirty days notice by publica-
published daily in the said city of New
Orleans, and also after thirty days notice
by mail to each stockholder, a general meet
ing of the stockholders of said Third Dis
trlct Building Association was convened and
held at its domicile and Office, corner OF
Lafayette Avenue and Royal street in said
city, on the 10th day of August, 1917, for the
purpose OF deciding and voting upon the
ton, and that at said meeting a total of
three hundred and seventy-six stockholders.
holding and owning three thousand seven
hundred and seventy-one shares of stock,
were present and voted thereat, and voted
unanimously in favor of the adoption of
said proposed amended charter. as the whole
viii more fully appear by reference to the
duly certified copy of the process verbal of
said meeting annexed hereto and made part
hereof.
And the said President further declared
that in order to carry into effect the DELHI
erations of said meeting, and of causing the
said amended charter to be duly recorded
as provided for by law, he does, by these
presents, publicly and formally proclaim the
following to be the amended charter of said
corporation, voted upon and adopted at said
general meeting aforesaid, to-wit:
Article l.-Name and Powers. The name
and title of said corporation shall be the
Third District Building Association" and
under Its said corporate name il shall have
power and authority 10 have and enjoy sue
cession for the period of ninety-nine years
from the date hereof: to contract, sue and
be sued; to make and use a corporate seal
to hold, receive, lease, purchase, convey and
pledge, under its corporate name, property,
both real and personal; to lend money on
evidences of Indebtedness therefor; to name
and appoint such officers, directors and
| agents as the interests and conveniences OF
SAID corporation may require; to make and
establish such bylaws, rules and regula-
! tons for the proper management and regu-
latlon of its affairs may be necessary
and the same to change and alter at will
and generally to do all such acts and things
and to exercise all such powers as are OF
| may be necessary to carry out its object:
and purposes, and conferred by law upor
| such corporations.
| Article I.-Domicile. The domicile of sait
corporation shall be in the City of New
| Orleans, in the State of Louisiana, and al
citations or other legal process shall b,
| served upon the President of said corpora
| ton, or in his absence upon the Weep
| ident. or in the absence of both of thes
| officers, upon the Secretary. And the SAT-
1 ~
| stead shall have power and authority, T.
| institute and defend all suits in the nam
Of said corporation, and stand in judgmen
/ therein
| Article iII.-Objects. Section !. The oh
iects and purposes of this Association shall
| be the accumulation of a fund from tn
amounts received in full payment of paic
! up shares, and from installments paid OF
| account of running shares of the capita
| stock of the corporation, rentals, interest or
l loans, and other sources; said fund so accu
mulated to be used in the puehase, building
| upon, improving and repairing of real-estate
making loans to members of the Association
| on mortgage security, and on stock of thi.
| corporation, all in such manner and on such
terms and conditions as may be provided
| by the bylaws.
Section q All loans shall be under the
control and direction of the Board of Direc
tors, who shall have power to fix the rate
| Of interest and make such rules, regulations
| or bylaws regulating the same, as it may
deem necessary or expedient
Article IV.-Capital. Section I. The cap
ital stock of said corporation is hereby
| fixed at Five Million Dollars $4,000 00
| and shall be issued in shares of One Hun
| dred $4,000 dollars each, and this corpo
ration shall begin business at once.
| Section 2. The shares Of stock in this cor
poration may be of two kinds, .'Runnin,
Shares" and "Paid up Shares" Running
Shares" shall be paid for in weekly o.
monthly installments of at least Twenty hv'
cents per week per share, or in such othe
| amounts or at such other times as may b.
determined by the Board of Directors. "Pait
up Shares" shall be paid up in full at tn
| date of their issue.
Section 3. Running Shares" may be con
verted into "Paid up Shares" by the holde
paying the difference between the presen
and face value Of such shares, or when sue
| shares reach their face value, or when TIL
| amount Of installments paid on such shares
plus dividends declared thereon, shall hav
reached their face value. All shares shall
be issued at such times and under such cor
ditions as the Board of Directors may de