The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-23
CHARTER.
CHARTER OF ITALIAN HOMESTEAD
ASSOCIATION.

United states of America, State of Louis
lana, City of New Orleans. BE il known
that on this 18th day of the month of
January. in the year one thousand, nine
hundred and twenty-five, Before me,
Charles V. Macaluso notary public,
duly commissioned and sworn in and for
the Parish of Orleans and City of New
Orleans therein residing, and in the pres
ence of the witnesses hereinafter named
and undersigned. personally appeared the
persons whose names are hercuntO sub
scribed, who declared that ayailing them
selves Of the provisions Of the law or this
State, relative to the organization OF cor
pOrations, and particularly those relative
to the organization OF homestead associa-
tiOns, they do by these presents covenant,
agree. bind. form and constitute them
selves and those who may hereafter be
come associated with them, into a cor
pOration for the objects and purposes fol-
lowing, tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be the Italian Home
stead Association, and under the said cor
pOrate name IL shall have power to have
and enjoy succession by the said cor
pOrate name for the term of ninety nine
years from the date hereof, unless sooner
dissolved, in the manner hereinafter pro-
yided TO contract, sue and be sued in its
corporate name; to make and use n cor
pOrate seal and the same to break, alter
and amend at pleasure; to name and APP
point such managers or officers as its in
same to be stipulated in its bylaws; to
make and establish or to amead such by
laws for the proper management and
regulation for the affairs of this corpora
ton as may be necessary and proper; to
hold, receive, lease, purchase and convey
under its corporate name such property,
real or personal. as may be necessary for
the protection or enforcement of its
curities, the collection of any claims or
debts due to IL and for its occupancy of
10 harrow
money on securities. both real and per-
sOnal; to make and establish such by
laws, rules and regulations for the pro-
per conduct Of the affairs OF this corpora
ton as may be necessary and proper and
the same to change and alter at pleasure;
to issue stock to members; to seize and
collect from members, fees. dues. fines,
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 by laws; 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 of
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 and necessary to
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 the
order of seniority.
ARTICLE III-The objects and pur-
poses OF this corporation are declared 10
be to provide means for the regular, safe
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 a
fund from said installments paid on ac-
count Of subscriptions to said capital
capital stock or moneys derived from
rentals or from interest on loans. and TO
loan the said funds so accumulated from
said savings, or other sources, to those
member stockholders who may sdesire to