The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER.
'ENDMENT TO CHARTER OF THE
;INIE HOMESTEAD ASSOCIATION

IS BINIE HOMESTEAD ASSOCIATION.
Emitted States of America, State of Louis
"A, Parish of Orleans, City of New Or
rs. BE il known, that on this 2Ith day
the month of September. in the year OF
Lord. one thousand. nine hundred and
iAnty-one. and of the Independence of the
ted States of America the one hundred
4 forty sixth. before me, Allan Raymond
Try, notary public, duly commissioned,
brn and qualified, I'm and for the Parish
q State aforesaid, therein residing, and
] 1.-THE presence of the witnesses herein
br named and undersigned, personally
he and appeared, Frederick W. Gras.
: sident; Or. William 4. Gillaspie, vice
,sident; William J. SOnnemann, scCre-
lty-treasurer, and Amelia Eichhorn.
ihier, President. Vice President, SeCre-
syy-Treasurer and Cashier. respectively
, the Dixie Homestead Association, a
iiporatiOn created under the laws of this
: te, domiciled in the City of New Or
, ms. by an Act passed before Albert
ilbault, late Notary Public, April IL.
Z q, recorded in the Office of the Recorder
I Mortgages for the Parish of Orleans. in
ok 81, folio 693; amended by an Act
,sed before the undersigned notary
MEMBER 4, 1909 recorded in Mortgage
ice Book $50. folio 6iI. and amended
an Act passed before the undersigned
larry. April l6, 1917, recorded in Mort
ye Office Book 1906, folio 600.
Herein acting under and by virtue of
Iolution adopted by the stockholders of
d Dixie Homestead Association, ut
leral meeting held April II, 1921, GER
lied copy of an extract of the minutes of
d meeting being hereto annexed as part
feof.
and the said appearcrs Declared that at
I'D meeting of the shareholders of said
sporation Articles " and V were
,iended. as follows:
itrticle ", by changing the words. THE
egital stock of this corporation shall be
az million $4,000 OOO) dollars. TO read
ne capital stock of this corporation
thll be fifteen million (Sl5,O0OOO0l dol.
rs. etc"
tAnd Article V, was amended by adding
4 words "or her" at the end of the fourth
&c from the top of said article; and by
Sing the words The directors may elect
y Assistant Secretary who need not he
director" at the end of the third para
4 phi of said article.
nd they, the said appearers were duly
q horized and empowered to cause said
}endments to the charter of said Dixie
'tmeistead Association to be embodied in
sot.arial act.
Eow, therefore, in accordance with said
folution, they, the said appearers acting
! their aforesaid capacities, having APP
Z red before me, notary, for the purpose
i placing said amendment to the charter
4 said Dixie Homestead Association in
hentic form by notarial act, do now de-
IRE that Articles " and V are hereby
tended so as to hereafter be and read
I follows. tO-wit:
llARTICLE Iv-The capital stock of this
operation shall be fifteen million (Sl5.-
n 0O0) dollars, to be represented by
lres Of one hundred Cs1OO) dollars each. !
e shares of this association shall be Of |
b kinds, running shares" and 'paid-up
tres", to be paid for in accordance with /
II laws of this State and the bylaws of |
IN inh YIN
n may hold shares in their own right"
PARTICLE N-The corporate powers Of |
d association shall be exercised by a |
ard of directors to consist of twenty |
y five shareholders, each of them own
IL at least ten (l0) shares in his or her |
IN name, who shall be elected by the |
areholders annually on the second /
ursday OF April Of each year, after due /
ltice as provided for in the bylaws. Any |
rector ceasing to own ten (l0) shares |
all ipsO facto vacate his or her seat |
i'd election shall be by ballot and shall |
held at the domicile of this corporation |
der the supervision of three (3) share /
lders appointed by the board of direc- |
RS at its last preceding regular meeting, |
20 are not candidates for election. The |
areholders receiving a majority of the !
tes cast shall be declared elected.
The failure to hold an election on the
~ specified shall not dissolve the cor |
ration, but the directors in office shall |
ia ONCE until an election be held after |
2 10) days notice of the time and place |
fereof and the new directors are Installed. !
ne directors shall elect from their num- |
pr president, a first vice president, a |
lcond yice-president, secretary and |
.easurer, as also an attorney and a no.
~ public. They may consolidate the |
lice OF secretary and treasurer into one |
lice, to be called the secretary treasurer. |
ne directors may elect an assistant Sec |
ry who need not be a director.
The board shall also have such further /
DIVERS as may be set forth in the bylaws,
which may be necessary to carry out |
le objects and purposes of this associa-
pm; but they shall not have the power
purchase real estate, except for cash.
10 contract any indebtedness without |
'e affirmative vote of at least seven ca |
-rectors, and then only in furtherance of |
.e usual and proper business of the as.
'clation. Seven "a directors shall con.
oard." " VIC