The Donaldsonville chief., 1920-05-29
ARTICLE Ercrr


No stockhoIder shall he e,...,
row who owes anything on his i'sa u
shall any shareholder be loaned sna's
exceeding the maturity value ~ T.
borrowed on In al! cases whera ,1 w
alton lends money to the shar.ssa sas
shall have the right at the mats,sile e.saels
stock to compensate and set off fff.,ss II
due said shareholder on his nlaIN .ne
against the sum loaned him ana 81
said amount in payment of his NY
| part OF any such loan shall ha oassa vaa 4 y
paid until the stock loaned ON baslde ~
and compensation has been effectas.
! holders VINO have been awardaa Y
their shares failing to tender . has
security therefor within thirty Sssss sasls
the date OF the loan shall forfeit Wy
vided that the board of directors s
good and satisfactory reasons MI a a
| same ana an charges and exnensa
costs attending the examination y
and searches together with interas.9 v
less than four weeks. or such fpss,ll y
as may have elapsed, shall be charssss'
borrower and be a lien against IL ~ u
shares until paid. All fees Of ~ "
notaries recorder and all other exnsse W.
CURED IN making or canceling loss.
be paid by the respective borrowsss
hers of the association wishing ~,
money on the simple pledge of thei, q
on vendors lien and privilege saaa
shall make application therefor IN s.a3 ,sss1
the secretary-treasufer, who shall sss
and number same IN accordance wss ssll
receipt, and when there are snffi,;s.la .a
in the treasury from which to may n
they shall be given to the annIas N
h2 o. /,
ton. VII
ARTICLE NINE,
No shares of stock shall be ,..a.
except on the books of the assocass' sss
upon The surrender of the certiaca.4s
for and provided that no sha,k II n
can be transferred. There shall M. N N
of twenty five cents for each transsg i
certificate of stock.
ARTICLE TEN.
The following named persons. N,
E. Noel. A. S. Crawford, ]. M NO.
Stakelum. Rev. c. NJ. Chambon Il
Schaff. Sr., Walter Lemann. Dau;a h
Jr., w. c. Hazlip. J. Z. Blum, Rishs,asl
ancon, Frank Milano, M. ], W;rt's51
Clarence Leblanc. l.. b. MattineIa'
Walter Lemann as president: R
first vice president; j. Clarence IN
as second vice president; r. S. Vistns
secretary treasurer. are hereby cnns.ss as
the first board of directors and shall nv
flee until the fourth Thursday in III. is4
1921. and until their successors An M NJ
and qualified. sss
ARTICLE ELEVEN.
This act of incorporation may he rhs,
altered. amended or dissolved by 4 MI
three fourths of the shareholders ss nra.ss
represented at general meeting Nj
stock holders convened for that nurss
ter thirty days notice of such mestns
have been published in one of the NAM
the rarish. The affairs of this Assam
in the event of liquidation, shall be n
ated by three commissioners to be ela,,s,
the board Of directors.
ARTICLE TWELVE.
No shareholder shall ever be heIar
for the contracts or faults of this ne
ton in any further sum than the ana
of his Indebtedness to the association1
shall any informality in its organj,s
have the effect of rendering this &,
null OF exposing the shareholders N
liability beyond the amount of Their
scription to the stock.
Thus done and passed in the parish Il
cension in the presence of Earl Warrid
Henry NJ. Dugas, competent witnesses
hereunto set their names with Anna
and me, notary, the day. month md
first above written. M
(NAMES OF SUBSCRIBERS OMIrTE
Witnesses:
EARL WARRICK
HENRY NJ. DUGAS.
WALTER LEMANls,
IL.S.l Notary Pull
I. the undersigned. recorder in and III
parish of Ascension, do hereby certify
above and foregoing to be true and.
rect copy of the original charter Of hi
sion Building and Loan Association Iii
of bscribers omitted. and recordA
Book of Charters No. One, at page 27. d
In testimony whereof witness my Ill
ture and seal Of office this goth al.
April. 1920. J. 5. BARMAA
Clerk and Ex -officio Recorder, Part
Ascension t.sase58