The herald., 1917-11-15
CHARTERS.

be declared as a dividend TO the stockhold-
crs IN proportion to the value OF stock of each
member at the time the preceding dividend
was declared; and all payments on running
stock" made between such dividend period
shall begin TO earn dividends from the be-
ginning CT the next seml-annual term.
Section u. PAID up stock shall be emit.
lied to dividends thirty days from the date
Of issuance, bu; no greater rate of divi-
bends shall be paid on full paid withdraw
able stock than is declared and paid on
Running stock and provided that nothing
IN this charter shall be taken to prevent
dividend on Paid up Stock" than is paid
on Running Stock
Section i3 The dividends declared on
running stock" shall be credited on the
pas, books OF the members sem-annually
and dividends on paid up stock shall be
gaid in cash not later than the fourth Mon
day Of May and November OF each year
Article N.-Directors. Section I. The cor
pJrate powers OF the association shall be
exercised by the Board of Directors 10 CON
SYST OF not more than twenty-five (25 stock
holders, VINO shall be elected by the stock
holders the first Monday in March an
uua!ly, commencing with the first Monday
IN March, 1918.
Section , Notice Of said election shall
be given Tor at least one week by publication
IN one Of the newspapers published IN the
city OF New Orleans, said election shall
De by ballot and snail be held at the doml-
olc OF this corporation, under the supcryi-
sion OF three stockholders appointed by the
Board Of Directors at the last preceding
meeting thereof. The stockholders receiving
a majority OF the votes cast shall be de-
,larcd elected.
Section ). The failure 10 hold an election
~ the day specified shall not dissolve the
cJrpy.atyn, but the directors in office shall
lo.d over until election be held after
one week notice OF the time and place
thereof.
Section I. The directors shall elect from
,ae!r number president and a pTesi-
dent, and seven directors shall be a quorum
Tor The TRANSACTION OF business.
Section ;. The directors shall select or
appoint 4 secretary, treasurer and such other
tiuccTS, agents and employees as may be
necessary, and shall hN their compensation;
provided 'Ait the Offices OF secretary and
treasurer may be combined in the discretion
u the Board The Board shall have the
power TO enact bylaws not rcpugnant to tn
eAaEtcT, 10 select a place Tor meetings, 10
suspend any officer, agent or employee for
neglect OF duty or misconduct, and 10 ap-
point their successors, and 10 have general
authority 10 carry out the objects and bus
mess Of the association.
Article NI-SectIon !. The following
named persons shall constitute the Board
u Drectors under this amended charter,
VIZ: William FTantz, Adam Gaubel, ". f.
NcheeIe; II. 5. SUTTON, Fred. Zengel, Louis
>Porl, Henry L. Frautz Philip ii. Thocle. |
Edwd. Z. Soil, George V. Fuchs. Henry Ii,
OrtIand, John Lugenbuhl, Victor iambou. |
John Hammel, Philip ForSchler, Michael |
locpter, Louis Schuler, Philip J. Schoen, |
Henry Acker, John q. Weber, and ?. L. |
Section They shall hold office until the
hTSt Monday OF March, 1918, or until their |
successors shall have been duly elected and |
laaIiAed; and any vacancies occurring in |
' ne number may be hlled by them until
ne next regular election.
Arucle Nll.-Special meetings of the |
stockholders shall be convened at the re. |
iueS,; IN writing OF ten stockholders, stat
when ordered by the Board of Directors.
Article Nlll.-No stockholder shall ever
De held liable or responsible for the CON
tracts or faults OF this association in any |
iurther sum than the unpaid balance due /
IN the snare or shares OF stock owned by |
him or her TO the association; nor shall any |
mere lnioTmallty IN organization have the
-hect OF rendering this charter null, OF OF
exposing any stockholder to any liability |
beyond the amount of his or her stock
Article lN.-ThIs act OF Incorporation can
De altered amended and modified or this
corporation dissolved by a vote of three
iouTthS OF the shares present or represented
At general meeting of the stockholders
'alied for that purpose, after thirty DAYS
stakeholder.
And in case of dissolution, the stockhold.
eTS at such meeting shall elect three com.
nisSioners, who shall be shareholders, who
hall have entire charge of such liquidation:
md such commissioners shall have authority
o MI vacancies occurring in their number
nus done and passed in my office at New
orleans, aforesaid, in the presence of Ed.
nund Negener and Wilhelmina Won Behren. |
both of lawful age and residents
Il this city, who sign these presents with
aid appearer and me. notary, the day and
late first aforesaid.
Original Signed: VIM. Frantz, Pres.
Witnesses: Edmund Wegener, w. Won
Iehren.
FRED. ZENGEL, Not. Pub.
|, the undersigned Recorder of Mortgages.
n and for the Parish of Orleans. State of
.oui slana, hereby certify that the above
nd foregoing amended charter of the Third
'iStrict Building Association was this dayl :
esorded in my office in Book 1912, folio -.
New Orleans, La, October %. 1917
EMILE J. LEONARD, Dy. R. NJ.
/. tne undersigned notary public, do hereby !
GRITTY the above and foregoing 70 be a true
nd correct copy of the amended charter
the. Third District Building Association.
5 well as of the certificate of the Recorder d
Mortgages for. this parish thereto at.
lShed, or, file and OF record in nv Office
New Orleans, La, October 26. 1917. a
-. - ., ~ FRED ZENGEL, Not. Pub I