The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
CHARTER.
CHARTER OF ITALIAN HOMESTEAD
ASSOCIATION.


r,i,ad states Of America. State Of Louis
iang. CITY OF New Orleans, BE 1t known
that on this 18th day Of the mouth oI
January. in the year one thousand, nine
hundred and twenty-five btlore II
Charlie. V AlacaluSO, notary PuDL''
duly commiSSion and sworn IN anu IVI
the Parish OF Orleans and city OF Ne"
Orleans therein residing, ana III the pl,.,
ence OF the witnesses heTelhhIteL i n
and undersigned. personally appeared lhe
nersous whose names are hereuhtO SUI
scribed who declared that, aNalllhg mem
selves Of the provisions OF the IA" Oi tnL'
state. relative to the organization VI -
porotions and particularly those reialNe
10 tho organiZgtiOn of homestead assOcld-
tions they do by these presents covenant
agree bind. form and constitute mem
selves and those who may hereafter DC
, come associated with them, into COT
pOratiOn for the OOJccls anu Pun P'
lowing, tO-wit:
ARTICLE 1.-The name and title of this
coruoration shall be the Italian Home
stead Association, and under the SAID cor
porate name il shall have power 10 nave
and enjoy succession by the sara cor
Dorate name for the term OF nlnety-hlhe
years from the date hereof. unless sooner
dissolved. in the manner hereinafter Pr"
vided 10 contract. sue ana De sueu III w.
corporate name; to make and use q TOT
porate seal and the same TO break alter
and amend at pleasure; 10 name anu aP
point such managers or Oflcers as us ih
and convenience MA. require
same to be stipulated in Its Dy-laWs' ~
make and establish or TO amend such by :
laws for the proper management ahh
regulation for the affairs or TINS corPoIa-
ton a. may be necessary ana proper "
hold receive. lease. purchase ana 'ohFS
uDder It's corDOrate name such property,
real or personal. as may be necessary LOT
the protection or enforcement OF It's Sc
curities. the collection OF any Claims OF
debts due to il and for its occupancy OF
ofrice or domicile; to lend and borrow
money on securities, both real ana per
sOnal; to make and establish such py-
laws rules and regulations Tor the pro-
per conduct of the affairs OF TINS corpora,
tion as NAV be necessary and proper, ana
the same to change and alter at pleasure
TO issue stock to members; TO selze anu
collect from members, fees, dues nhes'
interest premiums and other charges rs
NAV be set forth and determined in the
bylaws OF this corporation; TO permit or
force members to withdraw all OF part
of their stock; to make loans to members
all upon such terms and conditions as
NAV be provided in the bylaws; to borrow
money and to issue its evidences or 1ndeDt'
edness therefor bearing such rate OF IN
terest as may be authorized in the Dy-la"s
and in accordance with the general law OIL
the State to lend money to stockholders
on real estate or on the shares or TINS
association in such manner as may be de
termined by the bylaws; and generally tt
do and perform all acts ana Things as are
carry out the obligations and purposes
of this corporation which is that or
homestead association, all OF which act
and things this association may 90 as
specifically incorporated in this charter.
ARTICLE 1.-THE domicile of said cor
poration shall be In the City of New Or
leans, State of Louisiana. All CITATION
shall be served on the president. or in hi
absence, on the vice-presidents in tn
order of seniority.
ARTICLE III-The objects and pur
poses OF this corporation are declared Z
be to provide a means for the regular. SAT-
and profitable investment of the saving
of Ats members by the monthly install
ments on account of its capital stock
and to provide for the accumulation OF
fund from said installments paid on &C
count of subscriptions to said capita
capital stock or moneys derived iron
rentals or from interest on loans. and Z
loan the said funds so accumulated from
said savings, or other sources, to thos
member stockholders who may desire Z