The herald., 1917-11-01
AMENDMENT TO CHARTER
OF THIRD DISTRICT BUILDING ASSC
CITATION.

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 Zeugel, d notary public, duly COM
mIssioued and qualified, IN and for the
Parish OF Orleans, State Of Louisiana, and
IN the presence OF the witnesses hereinafter
named and undersg ned, personally came and
appeared
William Frantz, the President OF and here
in representing the Third District Building
Association, duly incorporated institution
Of this State, domIciled IN the City OF New
Orleans, created by act passed before me
corded in the Mortgage Ofhce OF this Parish
IN Book 55S, 70. 81, who declared:
That after thirty days notice by publica-
ton IN the New Orleans Item, 4 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 al said meeting a total OF
three hundred and seventy-six stockholders
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
Will 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 delib-
eratlons 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 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 to have and enjoy sue
cession for the period of ninety nine years
from the date hereof; TO contract, sue and
De 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; 10 borrow money, and 10 issue its
evidences of indebtedness therefor; TO name
and appoint such officers, directors and
agents as the interests and conveniences OF
said corporation may require; 10 make and
establish such bylaws, rules and regula-
tons TOR the proper management and regu-
latlon 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 OF
may be necessary to carry out its objects
and purposes, and conferred by law upon
such corporations.
Article II.-Domcile. The domicle of said
corporation shall be in the City OF New
Orleans, in the State Of Louisiana, and all
citations 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
officers, upon the Secretary. And the said
President, or NiCePresident, acting in his
stead shall have power and authority, 70
institute and defend all suits in the name
Of said corporation, and stand in judgment
therein.
Article iII.-Objects. Section l. The OBJ.
lects and purposes OF this Association shall
be the accumulation Of a fund from the
amounts received in full payment OF paid
up shares, and from lnstallments paid on
account OF running shares Of the capital
stock of the corporation, rentals, interest OF
loans, and other sources; said fund aCcu
mulated to be used III 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 > All loans shall be under the
control and direction of the Board OF DreC.
| tors, who shall have power to fix the rate
Of interest and make such rules, regulations
| OF bylaws regulating the same, as II may
| deem necessary or expedient
Article IV.-Capital Section l. The cap
| tal stock of said corporation is hereby
| fixed at Five Million Dollars ($5OD,OOOo
| 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, ,"Runnins
Shares" and paid up Shares" Running
| Shares" shall be paid for in weekly OF
monthly installments of at least Twenty five
| cents per week per share, or in such othci
amounts or at such other times as may ot
| determined by the Board Of Directors. PAID
up Shares" shall be paid up in full at The
| date of their issue.
Section 3. Running Shares" may be con
| verted into paid up Shares" by the holder
paying 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 shai
| be issued at such times and under such con
| dtions as the Board of Directors may de
| termine.
Section T. Each share of stock which ha'
been in force for sixty days preceding any