The St. Mary banner., 1917-01-27

anne nded on the 18th dav Of January,
1898, and rs further amended on the
10th day of January, 1903, and as fur
ther amended on the 4th day OF August.
1906.
Who declared that, at a meeting of
the stockholders of the st. Mary Bald
ing Association, held at its domicile in
the Town of Patterson. st. Mary Parish,
La. on the 29th day of November, 1916
for the purpose of considering the
amendment Of the charter OF said cor.
poration, held after due compliance OF
all Of the provisions Of law aud the re-
quirements of the charter Of said cor
poration, the charter Of said corpora
ton was amended by the vote of each
and every stockholder present or rep
resented at said meeting;
And the said a. H. Thompson and }:
E, Lassus further declared that, at SAID
meeting, they were authorized and d.
rected to appear before some competent
Notary Public. commissioned and quail
fled within and for the Parish OF st.
Mary, La, to execute the proposed no.
tarial act and declaration Of the amend
ment of the said charter, as required by
law. for the purpose of affording au-
thentic evidence and permanent record
thereof.
Wherefore, the said appearers de-
clared, in pursuance of the authority
thus conferred on them. that. at the
said meeting held on the 29th day OF
November, 1915 the charter OF the st.
Mary Building Association was amend
ed 40 as hereafter to read and be, as fol-
lSws:
ARTICLE l.
Exercise of Corporote Powers.
The name and title of the corporation
shaIl be and is 1.-THE ST MARY BUILD
ING ASSOCIATION" and under its corpo-
rate name it shall have power to con-
tract, sue and be sued; to make and use
a corporate seal and the same to break
aud alter at pleasure; to hold, receive,
lease, Purchase, convey. mortgage ana
hypothecate under its corporate name
prOperty both real aud personal: to lend
and borrow money on security; to name
and appoint such officers and agents as
the interest and convenience of the cor
poration may require; to make and es-
tablish such bylaws, rules and regu'a-
tons for the proper management anu
regulation of it's aft iirs AS may be neces-
ssry and proper. and tho sam 10 change
and alter at pleasure, and to do all such
acts and things as are or may be proper
and necessary TO carry ont lis Objects
aud purposes: and ,id corporation un-
less sooner dissolved, in accordance with
its charter, shall exist for and durln- =
ninety-nine years from NJ ,rch 9th, 1891
ARTICLE 2.
Domicile and Citation.
The dOmicile of said corporation Shall
be in the Town of Patterson, Parish "l
st. Mary, State of Lou isiana, aud all
citations or other legal process shall bt
served upon the President OF said cor
poration. or in his absence upon any
one of the Vice-P Presidents, or IN the
| absence Of all Of these officers, upon the
Secretary.
ARTICLE 8.
Objects and Purposes.
The objects Of this corporation shall bc
lst: 70 provide convenient. safe
and profitable investment for the sub
| scriptions Of its Stockholders.
2ni: To furnish them with the OPP
portunity Of borrowing money.
3rd: And generally this 'rporatiou
is organized TOR all such objects anC
purposes as are now or may be hereaf
Ter authorized by the Constitution anC
the laws of the State of Louisiana t.
Building Associations. Building anC
| Loan Associations or Home -tead Asso
| ciatiOns, or corporations generally.
10 carry out these objects the corpo
| ration shall ace muIate funds from
| payments OH subscriptions to the capl
| tai stock, the payments OF interest OF
loans. and money received from othel
| lawful sources; the funds go accumu
lated to he used for the advancing o1
lOaning money to its members, aud tol
other lawf Investments, and the lend
ng of mohey upon mortgage security II
the Parish Of st. Mary.
| Power to Borrow Money.
| The Board of Directors shall have full
| authority to issue interest bearing certlti
Gates of dep ,sit for monies received othe
| than from stock subscriptions. and to ISSUE
time or demand interest bearing notes fo
money borrowed.
The Board by majority vote, with no
| less than five directors voting in the at
| tirmative, may in its discretion from time
to time, borrow money on behalf Of TIT
corporation, for such term or terms, am
at such rate of interest and for suct
| amounts, as the Board shall determine
and as evidence of such Indebtedness ISSUE
| negOti able notes, certificates or othe
written obligations Of Indebtedness: ant
| in It's discretion may secure such ljan OF
ioans by pledge. mortgage or b1tn, of thu
bills receivable, real est ale, aud any Or al
assets. effects or property of the corpora
| tim.
| Power to Invest Monies.
| When tn re- is no dem md for loans TO It,
members and i'll IT. judgement the in!eres
| OF the corporation l. thereby best SUB
served. tue Board Of Directors shall have
| full authority to invest monies hy TN
purchase of bOnus an! other negotiable
| securities. ami to lend money TO othe
| than members upon mortgage security II
| the Parish rf st. Mary; provided tn At etcf
such transaction shall have beel first ap'
proved by a majority vote. with not les:
th,n tive directors voting in the altirma
tive.
ARTICLE 4.
| Officers and Directors.
| Tho shall hp pYprci 80