The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-29
AMENDMENT TO CHARTER
OF THIRD DISTRICT BUILDING ASS(
CATION

OF THIRD DISTRICT BUILDING ASSO-
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,
missioned 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
osan' created ate sy act passed before
corded in the Mortgage Office Of this Parish,
in Book 353, Fo. 81, who declared:
That after thirty days notice by publica-
ton in the New Orleans Item, a newspaper
published daily. in the said city of New
Orleans, and also after thirty days notice
by mail to each stakeholder, a general meet
ing OF the stockholders of said Third Dis.
trict 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
proposed amended charter of said Associa-
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
will more fully appear by reference to the
duly certified copy of the. process verbal of
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
nfNhl .Nlx 81 l.. -
following to be the amended charter of said
corporation, voted upon and adopted at said
general meeting aforesaid, to-wit:
Article Name and Powers. The name
Third District Building Association" and
under its said corporate name it shall have
power and authority to have and enjoy sue
cession for the period of ninety-nine years
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
security; to borrow money, and to issue its
| 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.
lation of its affairs as 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 upoI
i such corporations.
Article II.-Domicile. The domicile of sal,
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
4 ton, or in his absence upon the Vice-Pres
| ident, or in the absence of both of thes
officers, upon the Secretary. And the sal,
Il s1AaN -
stead shall have power and authority, +
institute and defend all suits in the nam
Of said corporation, and stand in judgmen
| therein.
jects and purposes of this Association shal
| be the accumulation of a fund from tn
amounts received in full payment of PAL,
up shares, and from installments paid OF
account of running shares of the capita
stock of the corporation, rentals. interest OF
loans, and other sources; said fund so accu
| mulated to be used in the puchase, buildin,
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 sucl
terms and conditions as may be provided
by the bylaws.
Section q All loans shall be under tn,
| control and direction of the Board of Direc
tors, who shall have power to fix the rat'
Of interest and make such rules, regulations
Or bylaws regulating the same, as Il ma,
/ deem necessary or expedient.
Article IV.-Capital. Section I. The cap
ital stock of said corporation is hereb,
fixed at Five Million Dollars ($s.0oo, 90
| and shall be issued in shares of One Hun
dred $4,000 dollars each, and this corpo
ration shall begin business at once.
/ Section q The shares of stock in this cor
poration may be of two kinds, "Runnin
Shares" and "Paid up Shares" "Runnin
Shares" shall be paid for in weekly o
monthly installments Of at least Twenty hv
I.cents per week per share, or in such othe
amounts or at such other times as may b
determined by the Board of Directors. "Pai
up Shares" shall be paid up in full at til
date Of their issue.
Section 8. Running Shares" may be cor
verted into "Paid up Shares" by the hoide
paying the difference between the preser
and face value of such shares. or when sue
shares reach their face value, or when tn
! amount Of installments paid on such share
plus dividends declared thereon. shall hay
reached their face value. All shares. sha
! be issued at such times and under such COZ
ditions a. the Board of Directors may d