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Mutual Benefit Association of Shreveport Charter Formed
A charter document filed in Caddo Parish details the creation of the Mutual Benefit Association of Shreveport Louisiana. It outlines the 99 year corporate life, domicile, objective to help members buy lands homes and pay mortgages, and a capital stock of 750000 dollars in 390000 shares at 25 dollars each. It sets monthly payments, loan fund use, delinquent penalties, admission fees, voting rights, and loan procedures. It also covers issuance of stock certificates and governance, with provisions for local boards in towns.
MENTIONED IN THIS ARTICLE
State of
Louisiana
Caddo
Mutual Benefit Association
Shreveport
Citations