The Chronicle-star combined with the Moss Point advertiser., 1949-01-21
NOTICE


Notice is hereby given that a spe-
cial adjourned meeting of the In
gals Employees Credit Union for the
purpose of transacting such business,
as is ordinarily transacted at the an
nuai meeting of the members oil the
ingalls, Employees Credit Union will
be held in the Annex Building of the
ingalls, Shipbuilding Corporation in
the City of P~ascagoula, P~ascagoula.
Mississippi. on Monday. January "a.
1919, at 7:30 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 II. of the bylaws of the In
gals Employees Credit Union be, and
the same is hereby amended to read
as follows:
ARTICLE II
Section /. Membership in the Credit
Union is limited to employees of the
ingalls, Employees Credit Union. and
to employees of the ingalls, Shipbuflde
ing corporation on a payroll status"
BE IT RESOLVED that Section S.
Article II. of the bylaws of the In
gals Employees Credit Union be, and,
the same is hereby amended to read
as follows:
ARTICLE II
section 5. A member who leaves
the. employment of the ingalls, Ship
building Corporation or the ingalls,
Employees Credit Union shall there
upon automatically terminate his mem
bership in the ingalls, Employees Cred
1t Union in which event he shall re-
ceive his shares and deposits, togeth-
er with such fair earnings thereon as
the Directors may determine as pro-
|%lded in Section 1883 of the Mississippi
Code of 1880. In no event shall he
thereafter be PERMITTED to borrow from
the Credit Union or exercise any
rights OF membership thereof"
BE 1T RESOLVED that Section /,
Article ~, of the bylaws of the In
gals EMPLOYEES Credit Union be. and
the sone is hereby amended to read
ARTICLE w
section l. AT any regularly called
meeting, the members by a tWo-thirds
vote of those present, may expeI from
the Credit Union IN member there
BIZ IT RESOLVED that Section q
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 falling to pay
an installment when due funless ex-
cused therefrom for cause by the
Boar of Direetors) shall pay such
fine as may be prescribed by the Board
VI DlitttOIc Nv ufliIOIIl IGBuidIIOIlS
applicable to all loans adopted by the |
Board from time to time. If INSTALL |
ments. interest or fines remain un-
paid after n month, the Board of
Directors may take such steps towards
terminating his membership and max
ing collection as 1t 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
shall consist of seven members. elect
ed annually as follows: fFor Inc
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 annua meeting thereafter.
the second annual meeting. n the
next annual meeting thereafter, the
third annual meeting, etc1 At the
first nnual 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 elec-
tons win be. except elections TO fill
vacancies. Tin which case election shall
be for the unexpired terml shall be
Tor terms OF three wears. NO MEM
Der of the Board of Directors shall
serve on the Supervisory or the Cred
it Committee"
BE 1T PFsoLvED that Section ?
of Article VIII of the bv-laws 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
retary1 q of the members shall CON
sfitute a duoruml."
BE IT RESOLVED that Section J..
Article XII of the bylaws of the In
gals Employees Credit Union be. and
the same IS hereby amended to read
as follows:
ARTICLE XII
"Section I. 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 he
members shall be held at FaseaRoula
Mississippi on the fourth Monday of
1 January in each wear.