The herald., 1920-12-02
AMENDMENT TO
CHARTER OF THE PEOPLES HOME
STEAD ASSOCIATION.

United states of America State of Lou
i~iaua. Parish of Orleans. City of New Or
leans I;e il known. That on this day. tn"
fourteenth of the month of October. in
the year of our Lord on- thousand nine
hundred and twenty. and Of the lndcp"n-
d"ucc of the United States of America, the
one hundred and forty-hfth, before me.
EuSSi"re Rouen, a Notary Public, in and
tor the Parish of Orleans. state of Lou
iSiana. duly commissioned. sworn and quail
ifrd. aud in the presence of the witnesses
hereinafter named and undersigned. per-
Sonally came and appeared Mr.. Daniel 7.
Cummings. Vice President. and Miss Lille
Fitzgerald. Secretary of The Peoples
Homestead Association. a duly incorpor-
ated institution, domiciled in this city.
created by act Of Incorporation passed be-
fore Marcel +. DucrOS. late Notary Pub
lie in this city. on tn" 18th day of Sep
t"mber. 1882. and recorded in the Mortgage
Office for this Parish. in Book 226 Folio
1872 and fully amended as shown by acts
before Theodore q. SpitZfadrn. a Notary
Public in this city. on the 2Nth day of
March. 1898. recorded in said Mortgage
Office in Book 600. Folio 553. on the 23rd
day of November. 1908 recorded in said
Mortgage Office in Book No. Isl. Folio -.
and on the 3lSt day Of August. 1904 re-
corded in the said Mortgage Office in Book
Isl Folio 646 and also amended by acts
before mo, BusSiere Rouen, the under
signed Notary. on the 9th day of August.
1906: recorded in Mortgage Office in Book
so Folio 43S and on September l. 1918.
No. 49,. Folio 400. Which said appearerS
declare that at n 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
Picayune, daily newspaper of this city.
as required by the charter the whole rs
will appear by reference to the annexed
certified copy of the proceedings of the
said meeting. by unanimous vote of the
stock represented at said meeting. being
twenty four hundred and seventy shares.
certain changes in and amendments TO the
charter of the said corporation were adopt
ed. And said appparers further declared
that for the convenience OF the StOckhOld-
erS and others in interest. they conSid
cred il 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 he The Peoples Homestead ASSOcia
ton" and under its said corporate name
il shall have power and authority TO con-
tract sue and be sued to make and us"
q corporate seal. and the same to break or
alter ut pleasure; to hold, receive. lease.
purchase. convey. pledge and mortgage.
under its corporate name. property. both
real and personal: 10 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 maturcd shares; to name
and appoint such officers and agents as
the interest and convenience Of said cor
pOration may require: to make and eStab-
| fish such bylaws. rules and regulations
! for the proper management and regulation
| of the affairs of said corporation n may
| be- necessary and proper. and the same to
| change and alter at pleasure. and to do all
! such acts and things as are or may be
necessary and proper to carry out the oh
| jects and purposes Of said corporation.
| ARTICLE II Domicile-Term. 80 The
' dOmicilc of said corporation shall h" in
| the civ of New Orleans. in the Stat" Of
| Louisiana. and all citations or other legal
! process shall be served upon the Presi
| dent Of the corporation. or, in his ab'
| Sence. upon the Vice President, or in the
absence of both. upon the Second Vice
! President. or. in the absence of all three
| upon the Secretary.
Unless sooner dissolved and liquidatcd
| as provided in this charter. the said cor.
| pOratiOn shall continue and exist and carry
! on business for and during the term OF
| ninety years from and after the 1ltl
| day of September, 1882.
| ARTICLE II.-Obiects and Purposes
! ObjeCts.-The objects for which this cor
| pOratOn is formed are: To assist the mem
| hers thereof in purchasing. building. i'm
| proving and repairing real estate, especial
| ~ homestead and commercial or manufac-
| turing property, in the Parishes of Orleans
| Jefferson and st. Bernard, Louisiana, and
| in removing membranes and mortgages
I
| accumulate an investment fund through
| payment by members on their shares. or
| from money received from other sources
| and to loan said fund on vendors privilege
| and mortgage on real estate. or on shares
| Of the Association, or on other security
| satisfactory TO the Board Of Directors.
! Advances.-NO loan shall be made except
| to shareholders Of this Association, and all
| loans shall be made under the control and
| supervision of the Board of Directors, and
| subject to such rules and regulations ms
| provided by the bylaws, or special resolu-
| ton of the Board.
Other Powers.-The Association shall
| have the right and power to borrow mon
| ey. either furnishing or without furnish
| ing security: 10 secure the repayment OF
| money borrowed by pledge. or mortgage
| Or in such other way as the Board Of Di
| reCtOrs may deem proper; TO purchase
acquire. hold. own and sell real estat,
| and bonds and shares Of such corporations
| as shall be satisfactory to the Board.
Power to Acquire Business Of Other As
| sOciations.-The Association shall have tn
| right and power to acquire. under sucl
terms and conditions as may be fixed b,
the Board Of Directors, the property, as
sets. rights, business, etc, Of any othe
corporation having the same objects a
this Association or similar objects, and Z
make all necessary contracts and arrange