The Chronicle-star combined with the Moss Point advertiser., 1949-01-14
Legal Notices

| ErpObe OF uanSdctfnR such business
as is ordinarily transacted at the an
nual meeting Of the member of the
ingalls, Employees Credit Union will
be held In Inc Annex Building OF the
Ingalls Shipbu1lding Corporation in
the City of Pascagouls. P~ascagoula,
MISSISSIPPI: on Monday. January "a
f949. at 1880 O'Clock p. m.
Notice is further given that the fol-
| lowing amendments to the bylaws of
the ingalls, Employees Credit Union
will be considered:
BE 1T RESOLVED that Section /,
Article III, of the bylaws of the In
| gals Employees Credit Union be. and
the same Is hereby amended to read
as follows:
Section ]. Membership in the Credit
Union is limited to employees of the
ingalls, Employees Credit Union. and
20 employees of the ingalls, Shipbuild-
ng Corporation on a payroll status"
BE 1T RESOLVED that Section 5.
Article ii. of the bylaws of the In
.alls Employees Credit Union be. and
The same is hereby amended TO read
as follows:
/ Section 5. A member who leaves
the employment of the ingalls, Ship
.uilding Corporation or the ingalls,
employees Crec't Union shall there
foor autom aticallv Terminate his mem-
bership in the ingalls, Employees Cred
L Union in which event ne shall re-
eeive his shares and deposits. togeth-
er with such fair earnings thereon as
the Directors may determine as pro-
vided In Section 1883 of the Mississippi
lode OF 1880. In no event shall he
hereafter be PERMITTED to borrow from
the Credit Union or exercise any
rights of membership thereof"
BE RESOLVED that Section !.
Article ~, of the bylaws of the In
salls Employees Credit Union be, and
the some Is hereby amended to read
as follows:
ARTICLE "
section /. At any regularly called
| meeting, the members by a two-thirds
vote of those present. NAV expel from
the. Credit Union any member there
| of"
BE IT RESOLVED that Section 4
of Article VII of the bylaws of the
ingalls, Employees Credit Union be,
and the same is hereby amended to
read as follows:
section 4. A member failing to pay
an installment when due tunless ex-
/ cused therefrom for cause by the
| Board of Directors) shall pay such
fine as may be prescribed by the Board
| of Directors by uniform regulations
applicable to all loans adopted by the
Board from time to time. II INSTALL
Sments. interest or fines remain UNI
paid after one month. the Board Of
Directors may take such steps towards
terminating his membership and maxi
ing collection as IT may in its judg-
ment be advisable"
BE 1T RESOLVED that Section / of
Article VIII of the bylaws of the In
gals Employees Credit Union be, and
the same is hereby amended to read
as follows:
ARTICLE VIII
Section |. The Board of Directors
i Ghnn aanCiCf nf Cau0n ..aK-AA.~ 49,
ed ANNUALLY as follows: (For me
purpose of these bylaws, the first
meeting of the subscribers to the Ar
tieles of Agreement and association.
after permission has been granted
them to operate a credit union. shall
be called the first annual meeting;
the next annual meeting thereafter,
he second annual meeting. and the
next annual meeting thereafter, the
third annual meeting. etc. At the
First annual meeting there shall be
elected three directors to serve until
the second annual meeting. three di-
rectors to serve until the third
annual meeting; thereafter all cleo
tons will be. except elections TO fill
vacancies. lin which case election shall
be for the u~nexpired terml shall be
for terms of three wears. No mem
Der of the Board of Directors shall
serve on the Supervisory or the Cred
1t Committee"
| DE - nEsOLNED tnat Sectlon Y
of Article VIII of the bylaws of the
ingalls, Employees Credit Union be.
and the same is hereby amended to
read as follows:
ARTICLE VIII
Section. 2. At the first meeting of
the Board of Directors. which shall
from its membership be held not later
than seven days after the annual
meeting. said Board shall elect a
President. a Vice-President. a Secre-
tary and a Treasurer. The office of
the Secretary and Treasurer may be
held by the same person. The Board
of Directors shall meet as often as
the business of the credit union may
require, upon notification by the Sec
fetary) Il of the members shall con-
| stitute a quorum"
BE IT RESOLVED that Section 1,
Article XII of the bylaws of the In
gals Employees Credit Union be. and
the same is hereby amended to read
ARTICLE XII
Section 1. The fiscal year of the
credit union shall end at the close of
business on the thirty-first day of
December. The annual meeting of the
members shall be held at Pascagouia.
Mississippi on the fourth Monday of
January in each year"
BE 1T RESOLVED that Section q,
Article XII of the bylaws of the In
gals Employees Credit Union be, and
the tn ts same is hereby amended to read
ARTICLE XII
Section 2. 1t all meetings a mem
Der shall have but a single vote what
ever his share holdings"
BE 1T RESOLVED that Section 8,
Article. XII, of the bylaws of the In
gals Employees Credit Union be and
as follows:
ARTICLE XII
Section g.. Seven davs' notice of
the annual or any special meeting of
the members shall be given by post
ing a notice of same in a conspicu-
Gus place in the office of the credit
union, and by publishing a copy of
said notice m two weekly issues of a
weekly newspaper published in the
City of Pascagoula, Mississippi. imme-
diateiy preceding the date of the
BE IT RESOLVED that Section 4.
Article XII of the bylaws OF the In
gals EMPLOYEES Credit Union be, and
the same is hereby amended to read
ARTICLE XII
Section 4. is members or more shall
constitute a quorum for the transac-
ton of business at any REGULAR or
special meeting. II a quorum is not
present az the time first appointed
for a REGULAR or special meetins of The
ingalls, Erplovees Credit Union, the
meeting shall he adorned TO a date
mo- less than five DAYS after such
regular or special meeting, and n no.
ice OF the adjourned meeting shall
he posted in a conspicuous place IN
the office Of the Credit tfnior. and p
copy of said notice of said adjourned
meeting published in one issnie Of q
weekly paper published in the C''v
of P~ascagoula. Mississippi, ,immec'-
atelv preceding the date OF the adj
iourned meeting. The members then
present shall constitute a ouorum for
he transaction Of husiness.s
nE TT DECnT UEn