The herald., 1917-08-02
AMENDMENT OF CHARTER
OF THE GERMAN-AMERICAN HOME.
STEAD.

July "a. 1917.
United States OF America, State OF Louisiana,
Parish OF Orleans, City 81 New Orleans.
Be it known, That on this twenty-tour;h
day OF the month OF July, IN the year al
our Lord one thousand, nine hundred and
seventeen, and Of the Independence, 81 me
United States Of America, the one hundred
and forty-second. before me, Roger Meunicr,
a notary public, duly commissioned and
qualified in and for the Parish OF Orleans,
therein residing. and in the presence Of the
witnesses hereinafter named and under
signed, personally came and appeared:
Messrs. Louis Ernest Rabouin and Fred
erick OuerenS, Jr., both OF lawful age and
residents u the City Of New Orleans, herein
appearing and acting in their capacities Of
president and secretary, respectively, OF the
iierman-Americau Homestead, corporation
domiCiled in this city, organized under the
laws OF this State by an act passed before
William X. Kcr, a notary public in this
Mortgage Office Of -hiS Parish in Book 279,
folio S55 amended by an act passed before
Felix J. Dreyfous notary public in this
city, on January 80. 1907 recorded IN the
Mortgage Office Of this parish in Book Sl2,
folio 572, and amended by another act passed
before jules +. Meunier, late notary pub
lie in this city, on FebrauaTy p, 1910, re-
corded in the Mortgage Office OF this Parish
in Book 9S4 Folio 49, said appearers acting
under and by virtue of resolution OF the
board OF directors Of said Homestead, adopt
ed at a meeting held on the 18th day of
July, 1917
And the said appearers declared that at
a regular meeting Of the board OF directors
Of said Homestead, held on the lIih day OF
June, 1917, proposal was made by members
OF said Homestead to revise and amend
XVI of its charter to make them, read
as is hereinafter set forth in full; that, a
special meeting of all the members of said
Homestead was called 10 convene the
dan NJ MI DthF .f El11
Homestead. to consider and vote the
said proposed revision and amendments,-|
the call for which meeting was duly adver-
tised in the Times Picayune, newspaper
published in the City OF New Orleans, for
ten full days prior to said meeting; all in
full accordance with the provisions Of Article
No. XVI of said charter.
That at the said special meeting of the
members OF said Homestead, called and con-
vened as aforesaid. all Of the members Of
said Homestead voting, in person or by
proxy, unanimously voted IN favor OF the
revision and amendment Of the aforesaid
. articles as proposed at said meeting of the
18th OF June, 1917, 50 that the said Articles
Nos. |, III, ", V, VII, Y, and XVI, now
and will hereafter read as follows:
Article Name and General Powers The
name and title of this corporation shall be
the Liberty Homestead and under its said
corporate name II shall have the power and
authority 10 contract, sue and 10 be sued;
to make and use a corporate SEAL and the
hold, receive, lease, purchase, convey, pledge
and mortgage, under its corporate name,
property, both real and personal; lend or
borrow money on security; to establish and
MAINTAIN out II It's receipts from any source, |
such special fund as may be necessary 70 |
cover losses, or meet the liability for re- |
uempnon or payment Of matured shares |
70 name and appoint such officers and agents |
ASs the interest ard convenience of said cor
ARoEanon may require; to make and establish |
ieh bylaws, rules and regulations for the |
YfpPor mahagement and regulation of the |
'anaHS OF SAID corporation may be neces-
Sdry ana proper, and the same to change
ana after AZ pleasure, and to do all such
acts and things As are or may be necessary
anu proper 20 carry ont the objects and pur.
poses OF said corporation.
Article III-Objects and Purn,ses I'll.
OBJECT OF tins ,prp9ratiou shall be the accu.
mutation OF fund from payments made on |
account OF the capital stock rentals or, |
mrums, interest on loans and other sources;
the fund SO accumulated to be used ;1r The
purchase and sale Of real estate the h,ird |
ing. renting and sale of homesteads and
the lending OF fund. upon mortgage Or
reality or other security i'm the CIV ~; " !
Orleans, Parish OF Jefferson and the Par.b
OF St Bernard: and upon the shares OF tine |
corporation 10 the extent Of % per cent of |
the face value thereof. other than loan shares
but no loan upon other than real estate seen,
rlty or shares Of the corporation shall be
made without the consent Of at least twelve
members OF the board Of directors. The cor
poration shall have the power 10 borrow
money in the discretion Of the board Of d.
rectors
Article IV.-Capital Stock The capital
stock OF this corporation shall be five million
dollars, CS5.0nO.OO0N0), and shall be issued an
shares payable al such time and in such !
manner as hereinafter provided.
The shares shall be divided into three
classes, namely: ull.paid, Current or In
vestment and Permanent. For the sake of
Current or Investment shares
are sub-divided into Investment and Loan
shares.
Investment: shares shall be issued at the
par value Of one hundred dollars each. paw
able at the rate of one dollar or multiple /
thereof per month per share.
Full-paid and permanent shares shall be
issued at the option of the board OF directors
in shares of twenty-five dollars each pro
vided that zaid shares shall be paid up in
full at the date of issue
Loan shares shall be issued at the par
value of fifty dollars each. payable on or
before the last day of each month. at the
ate OF twenty-five cents or multiple thereof
Installments on stock shall be MONITOR
eitaDle. Payments shares, inStallments
nd interest, shall be due and payable al
he office of the corporation, on or before the |
asst day OF each consecutive month, and all
ayments shall be imputed:
lst To the payment of any insurance.
axes or other assessment paid for account
I the shareholder;