The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-08
AMENDMENT TO CHARTER
OF THIRD DISTRICT BUILDING Ass
CITATION.

OF THIRD DISTRICT BUILDING ASSO.
CITATION.
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 Lengel, a notary public duly com
nisSioned and qualified, in and for the
Parsh OF Orleans, State Of Louisiana, and
IN me presence OF the witnesses hereinafter
named ana unders gned, personally came and
appeared:
William Frantz, the President OF and here.
| IN representing the Third District Building
Association, duly incorporated institution
81 TINS State, domlclled in the City of New
notary, the 18th day OF April 1857. re,
corded in the Mortgage Office OF this Parish.
IN Book 35j. 70. 81, who declared:
mat after thirty days notice by publca-
non IN the New Orleans Item, a newspaper
published daily in the said city Of New
Orleans, and also after thirty DAVIS notice
by mail TO each stakeholder, a general meet
ing OF the stockholders of said Third Dis
H triEi building Association was convened and
neld at ITS domlcIle 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-
tion, ana that at said meeting a total of
three hundred and seventy-six stockholders
hciding ana owning three thousand seven
HuhuFed and Seyenty-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
And the, said President further declared
mat IN order to carry into effect the delib.
eIdIiohs OF SAID meeting, and OF causing the
sara 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 Name and Powers The name
and title OF said corporation shall be the
Third District Building Association" and
under ITS said corporate name it shall have
power and authority TO have and enjoy sue.
ceSsIon tor the period of ninety-nine years
from the date hereof; 10 contract, sue and
be sued; to make and use a corporate seal;
70 hold, receive, lease, purchase, convey and
pledge, under its corporate name, property.
ooth real and personal; to lend money on
security; to borrow money, and TO issue its
evidences OF Indebtedness therefor; TO name
and appoint such officers, directors and
agents as the interests and conveniences of
sara corporation may require; to make and
estaoIish 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
ana 10 exercise all such powers are OF
may be necessary TO carry out its objects
and purposes, and conferred by law upon
such corporations.
Article II.-Domicile The domicile of said
corporation shall be in the City Of New
Orleans, in the State of Louisiana, and all
citations or other legal process shall be
served upon the President of said CORPORA
ton, or in his absence upon the Vice-Pres-
ident. or in the absence of both of these
othcers, upon the Secretary. And the said
resident, or VicePresident, acting in his
stead shall have power and authority, TO
institute and defend all suits in the name
OF SAD corporation. and stand in judgment
Article III.-Objects. Section l. The Oh.
lects and purposes of this Association shall
be the accumulation of a fund from the
amounts received in full payment of paid
mp shares, and from installments paid on
account of running shares of the capital
stock OF the corporation, rentals. interest on
loans, and other sources; said fund so accu-
INFLATED to be used in the puchase, building
upon, improving and repairing of real-estate
making loans to members of the Association
on mortgage security, and on stock of this
corporation, all in such manner and on such
terms and conditions as may be provided
by the bylaws
Section 3 All loans shall be under the
control and direction of the Board Of Direc-
tors, who shall have power 10 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 /. The cap
tal stock of said corporation is hereby
fixed at Five Million Dollars (s5OOOOOOO
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
pp9ratio,nn may be of two, kinds. Running
Shares" shall be paid for in weekly or
monthly installments of at least Twenty FIVE
cents per week per share, or in such other
amounts at such other times as may be
determined by the Board of Directors "Paid
up Shares" shall be paid up in full at the
date of their issue.
Section }. Running Shares" may be con-
verted into paid up Shares" by the holder
paving the difference between the present
and face value of such shares. or when such
shares reach their face value, or when the
amount of installments paid on such shares
plus dividends declared thereon, shall have
reached their face value. All shares shall
he issued at such times and under such con.
ditions as the Board of Directors may de-
termine.
Section (. Each share of stock which has
been in force for sixty days preceding any