The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29
CHARTER.
ACT OF AMENDMENT OF INCORPORA-
TON OF THE SAVINGS & HOME
STEAD ASSOCIATION.

State of Louisiana. Parish of Orleans.
City of New Orleans. BE il known. that
on this 22nd day of the month of June, In
the year 1922; before me. Martin III. Man
ion, a notary public, duly sworn. commits
stoned and qualified. In and for the Parish
and State aforesaid, and in the presence
of the undersigned witnesses: Personally
came and appeared: MessrS. Louis Haus-
mann. and Thad. G. Stehle. both of full
age and residents of the City of New Or
leans. herein appearing in their capacities
of president and secretary treasurer. re-
spectively. of The Savings X Homestead
AsSociatoni. a corporation duly organized
under the laws of the State of Louisiana,
and dOmiciled in the Parish of Orleans,
the said appearers herein acting In their
said capacities and for and in behalf
of said corporation. under and by virtue
of q resolution adopted at general meet
ing of the stockholders thereof. herein
after referred to, who declared that notice
thereof had been given to the stock
holders more than ten days prior to the
said meeting. as per resolution in the
Times Picayune on dates January Sth TO
18th inclusive. 1922: that pursuant TO said
notice a general meeting of the stock
holders of said The Savings K Home
stead Association was held in the office
of the said association in the Parish or
Orleans, on the 18th day of January,
1922. for the purpose of amending the
original act of incorporation of said as
ISOLATION; and that at said meeting more
than two-thirds of the capital stock pres,
ent and represented agreed and voted
that Article " should be changed. al
tered and amened in the particulars 1Ol-
lowing, to-wit:
That Article " was amened so as to
read as follows:
ARTICLE Iv-The capital stock of the
said association shall be five million dol
lars. divided into fifty Thousand shares OF
the par value of one hundred dollars each,
and business may be begun as soon as one
hundred shares are subscribed for.
said stock shall be issued in two
forms: |. Installment stock, to be PAID
for by monthly or other periodical pay
ments. , Full Paid stock, to be paid Tor
in cash, in full. as issued.
"No preference as to dividends shall be
given any form of stock, but the directors
may issue certificates bearing nNed
rate of interest for the purpose OF secur-
ing money at low rates.
"Installment and full paid shares shall
be withdrawable and all shares shall be
non forfeitable. but accrued prOhts may
be forfeited for nOn-payment OF dues: or
n portion of the profits may be retained on
withdrawal as may be provided in the by
laws Shares not in arrears may be trans
ferred on the books OF the association at
the office. and the association snail nave
the right to call in and redeem all shares
when the best interest of the association
makes that course advisable
Thus done and passed at my office in
the Parish of Orleans, State OF Louisiana,
on the day and in the month and year
herein first above written, in the pres
ence of Marguerite G. Stein and Gladys
Jene competent witnesses of lawful age,
residing In this city. who have signed
their names with said appearers and me.
notary, after due reading of the whole.
THAD. G. STEHLE.
LOUIS HAUSMAN. Pres.
Witnesses: NJ G. Stein, Gladys Jene.
(SeaD: MARTIN II. MANION.
Notary Public
A true copy:
(SeaD: MARTIN III. MANION.
Notary Public
June 29-Aug. 3.