The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-08
CHARTERS

as-,,a ,- By J g,ats to on. .', ,s.
'. The iailu,. -,
....' aa-ra lao, nIs,0 any
d. .aaa On yea! eS: % a.
~ make the ,S'e o, ~
/ , Oh ms s:oc. 'ssE.y o -
...-,.... AVS shall, WIS prsg.i.iS
SUI. sss9c.atioa 10 ' ,ai lg.|. :
and from such ..aaSsl ~
! .... cease 70 d. aSr.s-SS
} he'd by the asss ss dlVia,,iS,sss
. De -uca party. ,NS ~ :
notice mailed "a De s,s
.- ..... 10. within l 10 lin: :
'..r.vc said am. 3le yeay Is.
..' LEG. ..t.e, SAID a9i ,,'DIa' and ,.sS''s
The properly =; saal r,-s
.1..".a 3. The failure =. '4' A'',s .s
| 30 ID pledged to II. any os,s
.' Nea. Es,ae, to r NJ s'sosl,s. {
/ account Of e;,IaSs as "a
period Of ,hir,es-1 Fl,a
.. authorize The .sssa,
! e.. 'aaEes OF stocT assoel,-
/ ......... .'~e thereof at n. 'a Gag ..
"... .-. me loan; and ~ uas !,
me right TO fo-.,1ae ssss,~'
'' nc '-.anee Of the lS s.s Il: !.
! N,....a T.. Sharehold.r, van tea i
'..+- I'D Withdraw from n. saa. Ian
--. aid N, together AsSOcat,,
! .-... i-H.', due thee, VIA Tie Il,
-. .-.'i tune, less the pr,a - Ae gr,.,S
/ ..fr upon h.lug wri,re,r 1."oa q ~
I naval winch. shall be reg I..1ce Il ~
A me order of ,5s;"la by
/ '..s shareholders Shall itsesg; !,
Is registered, Oh, q; B5
! 't.. .".el money IN the til, Ns sE
n.. ever be used ,1i' for 81 u, The monthly S s.
.....tt t.-' unless there sI1nyygS ns.
......a Of funds w aiGa.a e a =
... l|e usual maner noa. ea1la
/ provided the Board NAV, sP?a i,ay.ss'
/ ..- .aaH pre-ha,f Of -. ~ c'sreS
| I-.E... '~' purpose Of paying ~ my
| os-",a g. Should there b. >,
/ .".....' d funds beyond II, - ~'la
10 'ae Board shall b,r.-'s :
(. ,..' .a uap.edgcd shares i ~-'s he Il
: '.'-'I ,ttt paid.up shares Ss,,i iis''i.,
, 90. d" -ae reverse order ~ = az
-.-.. be redeemed ior face ' -Si aS
....,. i.1 the time in,erveT;,. '4as "a
! ia,e '. the last dividend. AZ rs SIC :
! IS. -t, .Hs. dividend declared. ' '5l, q
! AL f..I up shares be redeemed .s s-a ~
shares may be called in. tbs JiSl H';s
| 10 be redeemed hrst, and a. ,S. o'lsS als
value p.us interest for the -; A'ai7yi
-us since The date Of TIE las, 'Js i15s1s
| me same rate as the last div;d.usn' IG'nt
! section y On the death ~ ~ Otas
! holder whose shares are No, 80! sa
| -syelat7n, his or her Legal rsusa :
| shall be entitled TO receive tp''seaiaars
withdrawal value of the sbaT., =. aN =
d the last payment made by sn.s E Z
shareholder, or said represen,,,;--Il Tf',isi
! entitled to either transfer said 60. az
eTs' or continue the same. ''s z
Section 10. Shares Shall h. ..,...
and duplicate certificates d. J5'I s.,
Ceivhcajes III such maner as NJ.
vldei Tor in the bylaws p
Section II. On MAY LIST and ~.
u sach year the Board Of Dr.
ascertain the earnings OF the assOo,s,. 4
'Ae preceding SIX months, and on. 4 =,
e"Fn'ngs they shall ID deduct an 4,
peHses OF the association FOR sucb IN,
se;-aside from the balance al Is,g =.
per ceh' 81 the net earnings as a h,i :
me payment OF contingent losse, pn,I =.
iund reaches two and one half Der 70. !.
the outstanding loans; which funS a.
invested as directed by the Board. m -
may also set aside at least an -
three per cent OF the ne, earnins, - :, =
dividend period for a reserve fsn5 :.
such fund reaches two and one hall =. :.
OF the outstanding loans; and "a IA, ~,
~ SAID earnings, thus aseertaip,d 4,
De declared as a dividend 10 the s,a,tsl
ers IN proportion to the value Of stool 4 ~
member at the time the preceding 5yi-i
was declared; and all payments ca avr,,,
stock made between such dividend -
shall begin to earn dividends from a, :
ginning OF the next semi-annual term
Section T. Paid up stock shan b -,
tied 10 dividends thirty days from d, !,
OF issuance, but no greater rate ol 4.
bends shall be paid on full paid yhh5,
able stock than is declared and pa1
Running stock and provided that nata
IN this charter shall be taken 70 p,y,s
this Association from paying less r1a I
dividend on Paid up Stock" than Is NJ
On Running Stock"
Section Is. The dividends declared Z
running stock" shall be credited On B
pass books OF the members seni,nru,I
and dividends on paid up stock" sasn b
paid IN cash not later than the fourth Hz
day Of May and November Of each yr
Article V.-Directors. Section l. Tx r
porate powers of the association shall
exercised by the Board Of Directors 70 n
sist of not more than twenty-five a. rsa
holders, who shall be elected by the Eaf
holders on the FIRST Mondly in MIrd
uually, commencing with the hrt Hahl
in March, 1918.
Section ,. Notice of said election sL
be given for at least one week by pubiasz
in one Of the newspapers published q z
city Of New Orleans. Said eleciIoa "
be by ballot and shall be held at the Dc
Gle Of this corporation, under the Eper
sion Of three stockholders appointed By Z
Board OF Directors at the last prsa.z
meeting thereof. The stockholders fscsrs
a majority of the votes cast shall b z
clared elected.
Section }. The failure TO hold an .ssa
on the day specified shall not dlssoiH =
corporation, but the directors in ono. ~
hold over until an election be bed ~
one weeks notice Of the time and pa
thereof
Section 4. The directors shall slesi %
their number a president and a NsefS
dent, and seven directors shall be saf-
for the transaction OF business,
Section 5. The directors shall sem
appoint a secretary, treasurer and saea
officers, agents and employees as nal
necessary, and shall fix their eonpeaa.-i
provided that the Offices Of secretary =
treasurer may be combined in me esa'@
Of the Board. The Board shall DN
power to enact bylaws not repugnani
charter. TO select a place Tor mems =
suspend any officer, agent or empS'a .
neglect OF duty or misconduct ana
point their successors, and 70 ns'e =
authority TO carry out the oolee's '"'
mess OF the association. hy,,s
Article VI.-Section ]. Inc i' -
named persons shall constitute US 49,
Of Directors under this anenoeo
viz: William Frantz, Adam Gan9et ru,
Scheele, II. S. Sutton, Fred: LeIFl -
Sparl. Henry L. Frantz, Philip n
Edwd. f. Stoll, George v tuens, n f,-sz
Ortland. John Lugenbuhl, Vletol NJ
Tohr Hammel, Philip Forsehief -.
Toepfer. louis Schiller, Philip
Henry Acker, John G. "eOef' Wv
judith. -, .z,, sssl b
first Monday of March, 1913 Of s.-.,d &
successors shall have been duly s &C
qualified: and any vacancies ~ ,s.n 81
their number may be filed BY 'A'-
the next regular election. .;... a d
Article VII.-Special neen9s' skr
stockholders shall be convene. .i 4 ~
quest in writing, Of ten stOe iS 0ns,sius
ing the time and object Of s a S 2ss
when ordered by the Board , o. D All ~
Article VIII.-No stOckhSc,Idef, q, 'n &. y
be held liable or responsible. ;, ~ d y
tracts or faults of this assoc s:?Slal hSi,ss y
further sum than the unpaid .,s STssdF