The herald., 1922-11-09
CHARTER.
ov PELICAN HOMESTEAD
S1ss " ssocrArIoN.

pp orleans: DC, If the month of Oc-
yr.tyfourtn oa' ~ our Lord one thou
~. IN the yndred twenty two SIszZl,
va nine pnSenendence of the Unlteu
~ Of the Inrica the one hundred anu
s.ites Of AZ before me. Cuthpert o
s~iy-sesenno tary public, duIy coIin ,he
ssldsin "a qualified in ana TOT .he
scnsd o.. al state aforesalo ~ tba two
Psrisn md md in the presently citnesses per-
dtsg ned competent VA he narties
ps.ly came ara hereunto subscribed
ace nance declared that. aVallne
20 stateo ,be provisions OF the laws
.snselyes " and particularly Act i5o
y his stsIature Of this State Tor the
= ne eeisnd all laws amendator!
ssar 1897, 81 the same subJect-matter;
,ssreof sno oo,venanted and agreed an9
xsy have oresents do covenant anu
u these hind themselves ana tnosS
srree sn1 hereafter become ASA Co.
rbe me- mem in order 10 toI dn n n in
ssfute g., Objects and purposes and
~ for inc s,fnula lions and conditions
rses s,ng-to-wit' -,
Article shall be the PELiYAN
ais ccrpo.rasn ASSOCIATION, and I'M
T0NBsI 1rate name it shall have the
Ar is COZ authority to contract, sue
,pser anu 4. IN make. have ana use
md be aaal and the same 10 Dreak,
oporate sa,,and at pleasure, TO name
,I,sr ano such managers, directors
and appoln' the interest and conVe'
,nd agens the corporation may re-
renee ~ ~ make and estabIlsh anu
e're, such bylaws, rules anu anaCe-
sreno for the proper ..air q
slinorsrn and regulation OF r i19 to carry
rsy be nnS;ects and purposes OF salo
sui the oo' To hold, receive, tease,
ecrpcraton. I'd convey. mortgage anu
vurchsse Az us corporate name, prop,
rsdge un" reaI and personal; TO lenu
siy. eoth acurities: and said corpora
ronsy On sooner dissolved. in accord,
ion uni .s mis- charter. shall exist ano
rce VIZ Cor and during perlou ~
grunane, years from ana aiter ua'e
hso 1.-THE domicile of TINS
ARIlS shall be in the City or New
tnpcrauop parish of Orleans state oI
orexhs, and all citations ana otueI
bo,s, arocess shall be served upon ee
elsasnt. and in his absence OF ttia ga
~ 70 sss sssnce or inability of both OF
me .ss,cers. TO act on the Secretary
q Ires 5cTE JJI.-Tne objects and pur-
lhiis. which this corporation is
r'ses "a the nature of the business
fcrneo a., IN by IL. Is stated and de-
nh c.h he: To provide for the accu-
a ,s.,on ~ a fund from payments maue
nnA a..arnt of the subscriptions 10
m,,.I stock and from rentals, bonuses
apt on loans and other sources,
ssseh fund so accumulated shan ,be
sn s sor the purpose of assisting tne
cse ~ NJ said corporation in pur--
n.."r building and improving ano
nlsr real estare and homes situated
r9s WI, citv of New Orleans and the
1870 n Jefferson and st. Bernard
fS.oving encumbranceS therefrom,
ns s,so FOR the purpose of lending
ny an shares. or otherwise, to lts
e 80 and TO the above ends II shall
= ssvfuI for said corporation to pur-
x.ss from any shareholder, or any
Az rerson any real estate, Improved
y unirnproved. and to sell or olspose
4 he same. In the same conuI.I0I VI
~, ,mnroving. repairing or building
~ ~ same. TO any member or other
s.-,sn and generally to make all con-
,,ssts and TO do all acts requisite or
s..sssary or proper in order to carry
- fhs objects and purposes OF TINS
ssr,nrst;on which is that of a Home
"a I~ociation. all of which acts and
AIMS IRIS Association may do as II
esdncsIly Incorporated in this charter.
aprIcIE Iv.-The capital stock of
40 kssociation shall be five million
Il; aeo000 oo) dollars, divided into and
,,cr,srnted by fifty thousand (50,0OOl
sAsres Of the par value of one hundred
alooo0 dollars each. Said stock shaii
| d]rided-into two classes, to be known
d current or installment stock and full
"a v,sbdrawal stock. Current or in
| ,1lImepf stock shall be paid for In &C
rrrdspce with the Bylaws of this AS
rcistIon and the laws of this State. but
Il the rate Of az least twenty-five cents
- hare per week. Full paid with
| inxable stock shall be paid for in full
d the date Of its issue.
mis- Association snail be going
nsctrn and shall have the right to
unmence business when and after one
Kindred thousand dollars of its capitai
apck shall have been subscribed for
| I'd 1t least ten per cent thereon shaii
hu been paid for in cash.
ARTICLE v-The corporate powers
| this evaporation shall be exercised
Board of Directors. consisting OF
Ut less than thirteen (13) nor more
| I'd Of whom shall own at least one
| Aae Of full paid stock, which Board of
directors shall be elected by the share
nl1n annually on the third Tuesday
| 4 Jsnuary Of each year, commencing
M the year 1927. after due notice. as
puvided for In the Bylaws, and the
unber Of directors to be elected shall
Y pecified by the Board of Directors
u meeting next preceding the an
M meeting Of shareholders. Said
eeetioa shall be by ballot and shall be
!. at the domicile Of the Association
S1d the supervision of three share
sl1as to be appointed by the Board
pectors at its last preceding meet
ana said commissioners shall not
unddates for election on the board.
- mareholders receiving the highest
xloH OF votes cast shall be declared
4ed Failure to hold an election at
une specified shall not dissolve the
eztion. but the directors and
Su0!s shall hold office until an cleo
hall be held.
~ orector ceasing to own one
~ q null paid stock shall ipso facto
nis SEAT and such vacancy shall
Aeo by the remaining members OF
lard The directors shall elect
~ meir number on the third Tues
January Of each year, beginning
oe year 1928. President. one or
~ tice-Presidents and a Secretary
t1easnrer; and shall also elect an
and notary public. The offices
~ s!ary and Treasurer may be con-
n one person, to be called the
y-Treasurer.
eosrd shall also have such other
q may be set forth in the BY
which may be necessary TO
80 ne objects and purposes If
Ameciation.
directors shall constitute a
s g All meetings of the board
~ LcLE W-The following persons
e1sutute the first Board of Di-
- % serve until their successors
viz: Gus. B. Baldwin. M.
7st Gus. Blancand, c. F. Fores-
- Haspel Leon d. Hubert, ].
E<. yoys Ernest w. Jones, Max N.
3. Eennyson. J. Y. Sanders,
cm'sn. jules ]. viosca, Rene A.
~. l. Ward.
- ~ eDove named, Leon d. Hubert
&V resident Gus Blancand shall
- resident and Michel A. Becnel
~, eecretary-Treasurer. Said
81 serve until the third Tues
- = Senuary Of the year 1927, or
a