The herald., 1920-10-07
AMENDMENT TO CHARTER EUREKA
HOMESTEAD SOCIETN.

State OF Louisiana, Parish OF orleans.
BE it known. that on this, the 2"rd Ial
of the month of September. 1870, before
me- Percy :. Benedict, a notary publc,
IN and for this Parish and State. dulN
commissioned and qualified. ana IN the
presence of the witnesses named ana uh.
dprSignrd. personally came and appeared
MIR. john McGraw. President. and Mr.. Rob
rrt j. PaIfrpy. Secretary. of the Eureka
Homestead society. legal corporation Of
this Parish and state. who declared thal
AT general meeting of the stockh"IuerS
of the Eureka Homestead Society held
Ht its dumiCile. No. 3O4 Camp Street. in
the city Of New Orleans. on Wednesday,
September l. 1920, with quorum pres
ent by resolution duly offered and una
nimouSly adoptrd. il was resolved that
Article " of the Charter of this Society
be amended and re-enacted so as to read
as follows. to wit:
ARTICLE W The Capital Stock
of this Society shall be Twelve Million Dol
lars (Sl2 600 100000, which may be issued
in Running and Full Paid Shares of
Twenty-Five Dollars $4,000 each. The
outstanding Alphabetical and Juvenile
Shares when withdrawn. matured. retired
or cancelled. may be issued 70 like amounts
in above classes. Running shares and
children shares shall he paid for mt the
rate of twenty-five cents per share per
month.
> ON shares pledged as additional Sc
curity for real estat" loans. the monthly
interest due on such loans shall be first
deducted from each such payment and the
provided additional payments may be
made at any time. or in any amount at the
option of the shareholder.
3 Full Paid shares shall be paid for in
full at the date of their issue.
Running shares may be converted into
Full Paid Shares by the holder paying the
difference between the present value and
I -ha no
Such shares reach their face value; pro-
yided. that certificates of Full Paid Stock
shall be issued only when authorized by
and subject to such terms and conditions
as the Board of Directors may prescribe;
Alphabetical and Juvenile Shares shall
enjoy the same privileges and be subject
to the same conditions.
g. Running Shares and Children Shares
shall be issued in such manner as may be
provided by the Bylaws.
:. Minors may subscribe for, hold,
transfer withdraw and surrender stock
without the authorization of their parents,
tutors, or other persons, and married wo-
men may subscribe for, hold, transfer or
surrender stock without the consent or
authorization of their husbands as pro-
vided for in existing laws.
6. Payments on Running Shares, install
ments and interest shall be due and paya-
BILE monthly, by the tenth of each current
month, at the office of the Society: and
all payments shall he imputed CD To
the settlements of interest due; ~ To
instaIlments shares; go Reimburse
ment of moneys paid for account of share
holders provided that this order of inn
putation may be changed at the discre-
ton of the Board of Directors.
4. Any borrowing shareholder failing
to make the payments required during the
current month shall pay as a penalty
therefor one cent on each share held by
him or her for each such failure, which
shall be charged against such shareholder
provided, any shareholder thus in default
may have the penalty thereon RENTED
by paying twice the amount which he owes
at the time of settlement.
s. Shareholders of Running and Chill
| dren Shares shall have the right to with
draw from the Society the full amount
| paid in with the accumulated profits there
| on as shown at the preceding dividend
I time less any charges and proportion of
| losses. if any, upon filing written notice
which shall be registered by the Secretary
| in order of their receipt: and withdrawing
shareholders shall be paid in rotation, as
| registered, out of the first Incorporated
| money in the treasury.
Q. Provided: That not more than one
half the monthly receipts shall be used
| for the purpose of liquidating withdraw
ais. matured. or Full Paid Shares, unless
there should be an Characterization oil