The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-16
CHARTERS.

homestead
I cnrnor,te name II shall have the ,,,yer an
, au,ho-Itv IN ront-act sue and IN he sud
N 10 make and use corDorate seal and IN
y sa,ne ~ LreaL o- - aIte~ ~ rIs,s,,ra. =
. hold ra,e;vc lease Durrb7ss cnrvey ,lrdy
= and mortgage. under lis corporate name
rrSnertv. bStS real and perS1naI: lend .
borrow money on security; to establish an
! maintain ont II ITS receipts from any source
such special fund as may be necessary +
! cover losses, or meet the liability for re
dempuon or payment Of matured shares
TO name and appoint such othceTs and agent
As the interest ava convenience OF sald S'r
poiaHqh may require, 10 .h'ihg ana es'4ohs >
'ucA bylaws, rules ana regulations ior m
AFFAIRS OF sAlI corporation a. may "e neIes
ai , Tn r'PT,' ,s1 n.,i ' od ali snsI
ar,, and ,bingS as are ny nav ne nr,e,-aT,
AMI nr,nrr ;" ,,rrv an. rls ai,io,ts and rl,r
p,-cs 81 said ,a-noratjon
Article IU-O5irr.s and PURPOSES Tn,
! ,I,ert ~ ms r,rr,ra,ion Shall he the a,ci
initiation Of furd from PAYMENT, made OF
| -. H. ~, - - ,r.
r1lr,nI, in.er,s, on loan, and Other ,~,,rtcs
the fund 50 accumulated to De used Tor the
! purchase and sale Of real estate. the build
| ing. renting and sale of homeStcads and
! the lending Of fund. upon mortgage -.
| realty. or other security in the city OF New
Orleans; Parish of Jefferson and the Par'sn
| OF ~ bernard ana upon me shares Oh me
! corporation TO the extent 81 ~ per cent OF
/
! 'H' no loan upon "iAeT ihAn real estate srCu-
! MY or SAaEcH 81 'he corporation snail De
,,a.',rs~. - III, f,,-J ~ d,+.,,~. The, r1r-
! ..,-,.5,,r I,W - IN. 49, -. I,-,,,,
80, -, he l,.,.,.,;,r, ~, ,Ea b,,-J 81 III;
| re-,ors
/ a. ~ r,.:.., G., II, .,,;.,r
- - w.. .-,,'l'-,t;,, III ~, So. r,3fT;,r
W. N,,.' 1 In | -!
! 49,. ,,,,rT -. - - I =, I.,,L
.r,,,,,,.- ,s br-r,~af.,~ ,,.,,;lsJ
T~h.. hoo. .,,rr ~. 4..;i.I ir., ,L-oe
49,. .,-,,.r,, F,,rr,,,I -. H.
,...,r,, ,,-5 p.',,,,l,, F,- ~. 81 80
,' ,.,,, T,..,,,.. -
~ 49,. T.,....,,. @ -.
shares
Ir,as,.,r.-. sla-es sLau he ;ss,,a1 .. the
o,- ,,,,,. w.; o"' L,,,irrJ 5S,r,Ts 49,, nav
"a ny ~ III IL - -
E.,r.,,iJ ,,J .,.rr,,,,.,,, shares shall he
II'I 'Pt't anu Pc'".'.["' s"a'VS InH'i VIC
IN shares Of ;wenty.nyc dollars each. DO,
vidcd that said shares shall be paid up in
fu,l a. The date OF issue.
-, h-.-. L,u >, ;--.,.I . -, No.
Le;nra tbe las, d7y ~ go rr,S~.b =. .L
,,,.s,| u"' .,r:, -;
ne- sL,re N>'''' VI
Miscellaneous On stock shall he ro,.fo-.
feitabIe. payments on shares. instaiIments
~ ;C,.-.st sL,rI Le d., ~ ,,,,aiT =,
be 81 be --,or,,;n,, -. -,
last day OF each consecutive month, and all
payments shall be imputed
=, To ~. ra,.,,.,,. ~. ,r,, ;s.,-,-.,
,axrs ar otbe- assrsr,ert c,iJ To- arcn,,r,i
~ the sb,raborde-. f
ID To H. n1vTer+ of ;-,a-e.. d,,e.
-,
,Hrd. Inc balance Of the amount 10 De ap-
Pllei t'"dLu> uIe payment OF lHStaLthents
." s"d'es' P'o'iIeu I'Lat me oIutt OF lHPu'd-
non may De changed at the discretion OF
inc BOARD Of directors.
Article N.-Dividends The board of d.
rectors shall determine semi-annually the
net earned profits of the corporation, and
upon each share OF stock dividend shall be
declared apporloned al us discretion
The board shall retain part OF the profits
Of the corporation. in order TO create a sur
plus. and reserve fund Tor contingent
losses
The dividends declared bv the hoard shall
be final and conclusive r,nou all sba-eboId
ers
T,,,.s,-,.,,s sLo-os st,r -,.;, L.;
- -tI. NHdII IeNelNe d uI'i-
ue.'u N.euI' Io''pu'eI monthly al the rae
;;.pi2t r i.ul,eu ~ uie oodIu ." me IhonthIy
80 1870 pau ~ P'HEIaeu llal "hth me
idrnds creJ;ted eoSai , an 4nf uv
.L L |ieu'Heu fquSi tHe par Falue oil Sald
sbaII he redns,ed l., no ia eacn the same
NIL.
10y tue'luS upon Iu,I pdlu shares shall De |
!iay dDie sem -annnaiIy in caSh, upon the |
t;Nned - r. - i'i"'es' DIT ''le rate appor- |
Loan-shares shall receive dividend credit |
monthly, on the monthly INSTALL |
nentS paid in, until the installments and |
the dividends credited equal the face value /
81 NIFTY dollars, when the said stock shall !
be deemed TO have matured and applied to |
the payment OF the note notes. the one
the other and vice-versa. Pro-
E.uru I'id' IN t3anS where premiums have
- 80; 80 i i1'e n?ILu OF directors may at
!, ,,-r,,.; ' :. lle Plo'dtd NiVidends'
ID ~ ~ '"e 90 "iuse OF the company
sbares ,,d - - VI eIIdEac'eL OF me
- a'u nay GeSIdIe GiHe1eht uiVidendS
"po" s"Nii oIdSS Oh ioan Shares
Article NIl-Arrearages and Fines. Should |
any borrower OF the corporation fail or ne
greer 10 pay MS or her monthly inStallments
al such time as the same may fall due and
as may be provided for in his her con-
tract; the said borrower shall Forfeit l-l0 OF
me Gi'idehds to ms credit for each and every
. ltLonsn OIL ,said arrearages; the execution
II freGIosj Inc company reserves the right
N The faiInTs raoiot o- u,Isss OF mortgages
-. r,IN ihLIut "e8IGCt or REFUSAL OF any Dor
49,, - ~ pay ms or her monthly installments,
TO-, ,,t 20 ne asSeSshehts. Inc execu-
.io1 ~ 81 70 De al we discre-
- he ,,;d Do" ~ Vi direciGrS' and all costs
% DC paid by the stakeholder in arrears
"A, rice ai y loans. Each stockholder, for
,S,,, sl.aIe OI I2an STOCK ne may hold IN the
~ PGlatiph' shaH be entitled to receive from
dollars. Wbeneyer tbe f,,nds d ' ga. OF htty
shall warrant, one or more loans shall he
disposed OF to the stockholders in such man
Ter as the board of directors NAV determine
stockholders making loans shall nav inte~
st on the face thereof. by monthly navments
N or before the last day of each and every