The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.
AMENDMENT TO CHARTER OF SIXTH
DISTRICT BUILDING AND LOAN
ASSOCIATION

United States of America, State of Louis
lana, Parish of Orleans. Be 1t known
that on this thirtieth day Of the month OF
January in the year of our Lord, one
(1922), Before me, Louis Richard Alba. a
notary public, duly commissioned and
qualified in and for the Parish of Or
leans, and in the presence Of the witnesses
hereinafter named and undersigned. per
sonally came and appeared, John e. King,
of this city and of the lawful age of ma
jority, the President Of and herein repre-
senting the Sixth District Building and
Loan Association, a corporation domi-
before John T. Michel, notary public,
dated September 10th, 1894, recorded in
the Mortgage Office Of this Parish in Book
Die, folio Dos. and amended by act before
Andrew 81. Wilson, notary public, dated
the 18th of May, 1896, recorded in the
Mortgage Office of this Parish in Book 565
folio S62, and by act before G.. G. Kro
nenberger, notary public, on the 21st Of
February, 1893, recorded in the Mortgage
Office Of this Parish in Book 600. folio
479. and by act before G. G. Kronenberger.
notary public, on April End. 1907, record
ed in the Mortgage Office Of this Parish
in Book s77; folio $50. and by act before
February 10th, 1913, recorded in the Mort
gage Office Of this Parish in Book 10SS
folio 81. and by act before Louis r. Alba,
notary public, on the 18th Of March, 1915
Parish in Book 1895. folio 1856.
Who declared, that by virtue of and
pursuant to the provisions of Article TX
of the above act Of incorporation, and pur-
suant to resolution adopted by the stock
holders of said association at a general
meeting called for that purpose and held
at its domicile in New Orleans, on jan
uary 23rd, 1922, the whole agreeably to
said Article IN of the charter, authoriz-
ing and directing him to carry out the OBJ
tact Of SafA Init hsQh fnr
the amendment to Section one. two, six,
and fifteen Of Article Nv of the charter
and Sections one and two of Article V
of the charter and Article VII Of the char
association, all Of which is more fully
shown by a duly certified copy of said
resolution hereto annexed.
He does, by these presents in his said
capacity for and In behalf Of the Sixth
District Building and Loan Association
pursuant to said resolution declare Sec
tons one, two, six, ten and fifteen of
Article Nv Of the charter and sections one
and two Of Article v Of the charter and
Article VII of the charter and Article TX
of the charter to be amended in the man
ner and to read as follows. to-wit:
ARTICLE Nv
Section l. The capital stock of this
corporation shall be five million dollars.
($5, 000, 0000O) and shall hereafter be issued
in shares Of one hundred dollars. (s10000)
Of two hundred dollars each shall not be
affected hereby.
Section 2. The shares of this corpora
ton may be of two kinds, Running
Shares" and "Paid Up Shares; "Run-
ming Shares" shall be paid for in month
ly or weekly installments at the rate of
at least one dollar per share per month
each. Additional payments may be made
at any time or in any amount at the
oution Of the shareholder. paid Up
Shares" shall be paid for in full at the
date and time Of issue. "Paid Up Shares
shall not be entitled to dividends, but
shall be guaranteed not more than six
pers cent interest per annum from its
date, In the discretion Of the board of
directors. - Provided, that this corpora
ton shall have the right to call in said
stock and redeem same for the face value
thereof. after not more than three months
notice to said stockholders, and such
stockholders shall have the right to have
their stock redeemed In q similar manner
AFTER not more than three months notice.
in the discretion Of the board Of directors;