The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER

subject, however, to the proyisions al
withdrawal of running shares as
tanned in Section 10 of this article
Section 6. Payments on "Rn,,.
Shares. installments and Interest -.
be due and payable in monthly or Wa.
installments at the office of the asss.c
ton, and all payments shall be imnr,J
ID To settlement of interest due. fS III
reimbursement of moneys paid for II
count of shareholder. (3) to installns,|
on shares; provided that the order N /,
putation may be changed at the dissr,t.
of the board of directors.
Section TO- Holders of running sh,-i
not being in arrears may Withdraw hrH
this association by giving to the presij,i
thereof one months notice in writipa 2
such intention. when such withdrssri
stakeholder shall, on the surrender
his certificate, be refunded all dues N,
by him out of the first unappropri,sI
moneys in the treasury; provided. ~
written notice of withdrawal, given Il
aforesaid. shall be registered By the al
retary-treasurer. and numbered from |
up. and the Withdrawing stockholdsI
paid In rotation as aforesaid: pfoyijs
that not more than one-half the month
receipts shall ever be used for the purpsI
OF liquidating withdrawn shares. uhIsI
there should be an over-accumulatior
FUNDS which cannot be loaned In the ur /
manner upon real estate.
Section ID. The dividends declared
Running Stock" shall be credited On d
pass books Of the members annually. d
the interest on paid Up Stock" shau n
paid in dividend checks on or after b
First Of January and July Of each yn
ARTICLE ".
Section /. The corporate powers Of d
association shall be exercised by q bcrI
or directors to consist hereafter Of tvs,r<
stockholders, each of them owning !
least five shares in his own name, VI
shall be elected by the stockholders 4
and every year. Any stakeholder ceaf-I
TO own five shares shall, ipso fscto,
cate his seat on the board.
Section 2. Notice of said election ii
be given ten days prior to the ann
meeting by publication one time In tv
the daily newspapers Of the City Of VI
Orleans. and by written or printed ,
tees mailed or delivered personaly
stockholders Of this association By
secretary. Said elections shall be bJ N
lot. and shall be held at the domick
this corporation, under the SUPERVISE
three shareholders appointed by the ba
or directors at the last preceding sgsl4
meeting thereof. who are not candi1r1
for election. The shareholders recdr1
a majority Of the votes cast shall b
clared elected.
., ARTICLE VII.
Special meeting of the shareholders 4
be convened at the request in writisr
one-fourth of the shareholders, stating
time and object of such meeting. or VI
ordered by the board of directors
ARTICLE TX.
This charter can be altered. smel1
or modified, or this corporation disssln
by vote of three-fourths Of the cpl
stock represented at any general med
OF the stockholders called for that
pose, after due notice mailed to
shareholder, and the publication. ten y
prior to said alterations. amendnen
notifications, or the dissolution Of
corporation, one time. in two OF the
newspapers of the City of New On
OF the notice for such meeting. And
case Of dissolution. the stockholm
such meeting shall elect three ccns
sioners, who shall be Shareholder
shall have entire charge Of, such NV
ton. and such commissioner sneh
authority to fill vacancies sOccurins
their number.
Thus done ana passed, City Of
orleans in presence of Edward ..
Ian and Edmund z. Fourier, COMP
witnesses who have signed with the
ties and me, notary. after reading
tORIGlNAL SIGNED: ,n
SIXTH DISTRICT BUILDING W
JOHN 3; KIN
Witnesses: Ed. f. Seaman. =. p"
nier.
LOUIS R. ALp
Notary ~
1, the undersigned Recorder Of
cages, in and for the Parish OF ~
State of Louisiana, do hereby ceruu
the above and foregoing Act OF -
ment of the Sixth District Buns,
Loan Association, was this day ~
corded In my Office in Book 126o ~"
New Orleans, Jan. Both. 1872. .cosf
(SignedD ROBT. SC0l.
Deputy Rsce
/ do hereby certify the above sno
going to be a true and correct copy
original act of amendment to me
incorporation of the sixth Distf'
ing * Loan Association, passeo
me on January Both, 1922. toge'ne
the certificate of the Recorder
cages hereto attached AZ.
Witness my hand and seal, tnS
oay OF FEBRUARY W. LOUIS B. ALy
(SeaD: Notary
Feb. 9@Mch, 10