The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-09
CHARTER.
CHARTER OF ITALIAN HOMESTEAD
ASSOCIATION.


Tinted States of America, State Of Louis
lana civ Of New Orleans, BE it known
that on this 10Th day of the month OF
January, in the year one thousand nIhe
hundred and twenty-five, BEFORE ms
Charles V. Macaluso, notary pun co.
duly commissioned and sworn III ana LOT
the Parish of Orleans and Ilty Oh NC"
Orleans, therein residing, and IN the pres,
ence of the witnesses hereinafter hai.Su
and undersigned, personally apPeaIeu nHe
persons whose names are hereunto SUD
scribed, who declared that, aValllhs thehi-
selves of the provisions Of the law OF TINS
State relative to the organization Oh CVI-
2Orations, and particularly those reiatine
TO the organization Of homestead assocla-
lions they do by these presents covenant
agree bind. form and constitute them
selves and those who may hereafter pe
come associated with them into COT
pOration for the ODJects anu pun OS'S '
lowing, tO-wit:
ARTICLE 1.-The name and title OF TINS
cornoration shall be the Italian Home
stead Association, and under the sald cor
porate name it shall have power TO have
and enjoy succession by the SAID cor
Dorate name for the term OF ninety-nlhe
years from the date hereof, unless sooner
dissolved in the manner hereinafter pro
yided to contract. sue and be sued IN It's
corporate name; TO make and use cor
porate seal and the same TO break alter
and amend at pleasure; to name ana APP
point such managers or officers as It's IN
terest and convenience may require, the
same TO be stipulated in its bylaws 10
make and establish or to amend such D!
laws for the proper management anu
regulation for the affairs of this corpora
ton as may be necessary and proper 10
hold receive, lease, purchase and convey
under its corporate name such properly,
real or personal. as may be necessary LOT
the projection or enforcement OF It's Sc
curities, the collection of any claims or
debts due to it and for its occupancy OF
office or domicile; to lend ana 9orroM
money on securities, both real ana per
sonal; to make and establish such Dy-
laws, rules and regulations for the pro-
per conduct of the affairs OF this corpora
ton as may be necessary ana proper, ahu
the same to change and alter at pleasure ;
to issue stock to members; to seize ana
collect from members, fees, dues, nnes'
interest, premiums and other charges as
may be set forth and determined in the
bylaws of this corporation; to permit or
force members to withdraw all or part
of their stock; to make loans to members,
all upon such terms and conditions as
may be provided in the bylaws; TO borrow
money and to issue its evidences of indebt-
edness therefor bearing such rate OF In
terest as may be authorized in the bylaws,
and in accordance with the general law or
the State to lend money to stockholders
on real estate or on the shares of this
association in such manner as may be de-
termined by the bylaws; and generally TO
do and perform all acts and things as are,
or may be, requisite ana necessary "
carry out the obligations and purposes
of this corporation which is that of a
homestead association, all of which acts
and things this association may do as II
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 citations
shall be served on the president, or in his
absence, on the vice-presidents In thu
order Of seniority.
ARTICLE III-The objects and pur
poses of this corporation are declared 4
be to provide a means for the regular, saf'
and profitable investment of the savings
Of ATS members by the monthly install
ments on account of its capital stock
and to provide for the accumulation OF
fund from said instaflments paid on &c
count of subscriptions to- said capita
capital stock or moneys derived from
rentals or from interest on loans, and q
loan the said funds so accumulated iron
said savings, or other sources, to thos
member stockholders who may desire Z