The herald., 1920-11-25
CHARTER

IMAM
longing to such deceased shareholder. a
IN" tim" of the last payment mad. hy >ur'
/ Shareholder, or said representative ShaI
. b" entitled either to transfer said share,
. 70 others, or To continue the shares 10y
. payment of iu>tullmcHt>. provided, that
said shares shall be Withdrawn or trans.
/ l"rr"d. or continued, within six months
next following such death. and in default
/ of action within that time. said share,
/ shall b" cancelled and retired. and the
Withdrawal value thereof, az the time of
such death. shall be placed to the credit
OF the succession OF such Deceased. which
amount shall bear interest at IN, rate OF
Tour per cent. per aHuum, ami shall n.
crI'" no further credits. pr-it> or diyi-
drud~.
ARTICLE Transfers of stock and
Sharr~.- stock and shares shIl Doe, trans
i"r1hlr and duplicate certificates and pass
books issued Tor lost certificates ami pass
books. IN such manner and under such
restrictions as may be provided in the by
laws.
ARTICLE MIL Special Meetings of
stock and Shareholders Special ru,,.rIu...
Of tn" stock and shareholders shall n.
convened Icy The President or one ut tll,.
We" Presidents at the request. in writing.
"i twenty members. stating the object of
such meeting. and at least three DAYS no
tic" of such meeting shall be-. given in uu,.
or more newspapers published ia the CITY
OF New Orleans.
ARTICLE NV Substitute. for Absent
bir"rt"r.-Auy Director being about To- alb
sent himself from The CITY OF New or
leans may nominate 81 substitute. provided
said substitute shall be "a stock or share.
holder of this Association and h,. lr.,.If..l
10y The Board of Directors Tor the time be
iug.
ARTICLE NV.-Liahiliry of Storkb.IJ.r
or NAaruhOld-r.-N No shareholder or stool.
holder shall ever bee held liable for NOR.
IMAM me unpaid haiHur" on his shares of
>i"rh. II amy. nor shall any mere informal
llA Iu organizing this Association or
amending the charter. have the effect of
rendering this charter null. or of rNpu>iu--
q shareholder or stakeholder to any liza.
ni'i'H 'tN pud Ia" unpaid balance due uu
his stock, II any.
ARTICLE NVI.-Thr amendments 70 IN.
charter 81 the corporation adopted in %
lohrF. l'-O. shall take effect aS to Officers
ana employees on and after the annual
election iH 1921, and as L. all other mat
lrF> shall he effective a. OF October IL
l'-", nut such amendments shall in M
way modify or affect shares issued or
agreement or contracts made prior To
that time, which shares shall remain il,
ior"" as ISSUED and shall be- ligIIidat,.I
ana winch contracts and agreement, shall
pc carried OUT. a> n no amendments had
been made in October. 1870
ARTICLE Amendments. Etc
IIpuIdatlOu.-Ih charter may be. altered
amended or modified. or the corporation
dissolved, 10y "a vote of three fourfus eff tt,.
'dIIthl stock represented ut any general /
me- ihs 81 IA" stock and shareholders
iil,d Tor that purpose. which ur,,tiu,,
Sh%Ii he advertised daily in a newspaper
published in New Orleans for ten day.
prior TO such meeting.
Di~Solution.-In case Of dissolution. tb..
business and affairs of the CORPORATION
'hal l." settled, wound up and liguidyf,.d
~ tAr"" Commissioners selected nv tb,. /
'oard Of Directors from among the srnrE !
lhu shareholders. ana such Commission
~ are Htt"hE given full power 10 collect
~ amounts due the Association sell ar
otherwise dispose of its assets. uy, H.
"btS and liabilities. COmpromiS,. and sci
IT, all disputed questions and matter, ana .
~ "'h'I powers necessary and usual To
my ana hnally settle. wind up and liuri. |
ate all the business and affairs of IN, :
orPoratlon and distribute its net usSrf, ,
r iuhdS among its stock and shareholders,
-, nus Iohr ana passed. in my office. in !
'M orleans. aforesaid. the day month :
hd year herein first above written i'm Tho =
rrstnc" of McSSrS. Patrick H. fireman !
no John Young. witnesses. of lawful Az. y
'>ihlhS IN this city. who hcrrunto sign | :
lriF names. together with said apprarrr> "
rcScntS. y
Original signed0 Dan r. Cummings
IT," PRESIDENT of The Peoples Homestead @
Ssociation. Lille Fitzgerald Srcrrtary g
Dung. ''''' n
(Scal of Association) I
Bus. ROIEN. h
Notary Public =
l. the undersigned. Recorder of Mort
ages IN and for the Parish of Orleans. .
late OF Louisiana, do hereby certify that +,
/" ahOy" and foregoing Act of Amend n
cent or Incorporation Of The Pennies -
onrStcad Association was this day duIy "
corded III my office in Book l2i6 Folio !
-. New orleans, October lith 1920 ,
tSlGned) EMILE j. LEONARD. !
(Seal) Nv Poo
l. BusSiere Rouen. Notary Public for
!" Parish of Orleans. Louisiana. do here ]
certify the above and foregoing to be n :
u" copy of the Amended Act of Incor.
Dratlon of The Peoples Homestead ASSo. !
alton and of the certificate of racorda- v
on thereof by the Recorder of Mortgages o
n the Parish Of Orleans. thereto attached I
Ie whole eNtant and OF record in INV ;
lrrent NOtarial Register. I
In faith whereof. l grant these presents y
lder my signature and the impress of II
Y seal OF office. ;
20. - "
Bus. ROUEN. n
Nov. 25-Dec. 80