The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
AMENDMENT TO
CHARTER OF THE PEOPLES HOME
STEAD ASSOCIATION.

United States of America. State OF Lou
iSiana, Parish of Orleans. City Of New or
/ leans. BE ii known. That on this day. tn,
| fourteenth of the month Of October il
I hundred and twenty. and of the Indcpen
dencr of the United States of America tn,
one hundred and forty fifth, before me
liuSSicre ROucn, Notary Public in and
for the Parish of Orleans. State of Lou
| iSiana, duly commissioned. sworn and quail
I ined, ana in the presence of the witnpS Sc,
hereinafter named and undersigned. per.
SOnally came and appeared Mr. Daniel II
Cummings. Vice President. and Miss Lille
Fitzgerald, Secretary of The Peoples
Homestead Association. duly incorpor-
ated institution, domiciled in this city
created by act of incorporation passed be-
fore Marcel I. DucrOS, late Notary Pub
lie in this city, on the nth day Of Sep
tember. 1882, and recorded i'm the Mort ga ge
Office for this Parish. in Book 226, Folio
49,. and fully amended as shown by acts
before Theodore q. Spitzfaden. a Notary
Public In this city, on the 2Sth day OF
March, 1898, recorded in said Mortgage
Office in Book 800, Folio 553. on the 23rd
day Of November, 1908. recorded in said
Mortgage Office in Book No. Isl. Folio l3.
and on the 3lSt day Of August, 1904 re-
corded in the said Mortgage Office in Book
al. Folio 646. and also amended by acts
before me. Bussiere Rouen. the under
signed Notary. on the 9th day Of August
1906; recorded in Mortgage Office in Book
ND. Folio 43S, and on September l. 1915
recorded in said Mortgage Office in Book
no. llo', Folio 499. Which said appearers
declare that, at a meeting of the stock
holders of the said corporation. held on
Tuesday, the fifth day of October 1920
after due notice published in the Times.
Plcayune, daily newspaper Of this city
as required by the charter. the whole as
Will appear by reference to the annexed
certified copy OF the proceedings of the
Sald meeting. by unanimous vote OF the
STOCK represented at said meeting, being
twenty fOnr hraI nd
certain changes in and amendments to the
charter of the said corporation were adopt.
ed. And said appearers further declared
that Tor the convenience Of the stockhOld-
ers and others in interest, they consid.
cred II proper to set forth herein the en-
tire charter of the said Association, as
amended. and that the said charter as now
in force. Is as follows:
Article Name and General Powers
The name and title Of said CORPORATION
shall be The Peoples Homestead Associa-
tlOn,' and under its said corporate name
II shall have power and authority to con-
tract, sue and be sued: to make and use
q corporate seal. and the same TO break or
alter at pleasure: to hold, receive lease
purchase. convey, pledge and mortgage
under Its corporate name. property. both
real and personal; to lend or borrow money
on security; to establish and maintain
out OF its receipts from any source. such
special funds as may be necessary TO cover
losses or meet the liability for redemptiOn
or payment OF matured shares; to name
and appoint such officers and agents as
the interest and convenience of said cor
poration may require: to make and estab-
llsh such bylaws, rules and regulations
lor the proper management and regulation
or the affairs of said corporation AS NAV
be necessary and proper and the same 70
mango ana alter at pleasure and to do all
such acts and things as are or NAV be
necessary and proper to carry out the OBJ |
Iects ana purposes of said corporation
Il
domicile of said corporation shall be in
,he Citv OF New Orleans, in the State of |
Louisiana, and all citations or other legal
process shall be served upon the Presi- |
'ence, upon the Vice President or, In the |
absence OF both, upon the Second Vice
resident. or. in the absence of all three |
upon the Secretary.
Unless sooner dissolved and Inundated
rs provided in this charter, the said cor.
1oratlon snail continue and exist and carry
On business for and during the term of |
llnety-nlne years from and after the 14th
lay OF September, 1882
ARTICLE 1II.-Objects and PurDoses
Db1ects.-The objects for which this cor
'oratlon Is formed are: To assist the mem
'ers thereof in purchasing, building i'm
proving and repairing real estate. especial
homestead and commercial or manufac- |
urlng property. in the Parishes Of Orleans.
emerson and st. Bernard, Louisiana. and
- membranes ana mortgages |
rom such property: and TO this end To
ccunulate an investment fund through
ayment by members on their shares or
rom money received from other sources
nd to loan said fund on vendors privilege
M mortgage on real estate or on shares
the Association, or on other security
satisfactory to the Board of Directors.
Advances.-No loan shall be made except
shareholders of this Association and all
pans shall be made under the control and
upervlsion of the Board of Directors, and
nbJect to such rules and regulations as
ion of the Board.
Other Powers.--The Association shall
ave the right and power to borrow mon
y, either furnishing or without furnish
TX security; to secure the repayment of
Iohey borrowed by pledge. or mortgage,
I IN such other way as the Board of Di- |
r C,oIs may deem proper; to purchase
M bonds and shares of such corporations
. shaiI be satisfactory to the Board.
lowe, lower to Acquire Business of Other As
1CLtaUohS:-The Association shall have the
sly, ana power to acquire. under such
ba d anu conditions as may be fixed by 1
orr DUhTd OF Directors, the property, as [
US rights, business etc OF any other | !
o orrporatiOn having the same objects as
III AsSoclation or similar objects. and to ,
~, IN. All necessary contracts and arrange ,
i ienIs with such corporation or corpora /,
, anu the stockholders thereof
- On LIE lv.-Capital Stock-Dividends. /
SSnaci tai ot9ck;-The capital stock OF this
~ shares issued prior TO Oct.ber *
snal remain as issued, as provided .
aIuSle ANL OF this charter; and all
naIes issued after said date shall have a I
al 'aiue OF hfty dollars each, and shall