Mutual Benefit Building and Loan Associations: Their History, Principles, and Plan of Operation ...

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Walker and James, 1852 - 96 halaman
 

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Halaman 46 - Secretary shall keep a full and just record of the proceedings of the Association and of the Board of Directors ; shall...
Halaman 50 - SECTION 7. Should any stockholder, having received any portion of his or her stock in advance, neglect or refuse to pay any or all of his dues to the Association, for three successive months, then the Directors may compel payment of principal and interest by instituting proceedings on the bond and mortgage, according to law. When any sale shall take place of any property mortgaged to the Association, the Directors shall have power to retain and apply so much of the purchase money as would be required...
Halaman 45 - The President shall preside at all meetings of the Association and of the Board of Directors, and shall perform the duties usually devolving upon a presiding officer.
Halaman 47 - Record of Applicants and Examinations, and the Register of persons eligible for appointment, and all other records required. He shall have charge of all books and papers belonging to the Board and shall be responsible for their safekeeping. On application of the proper appointing officer, he shall certify to such officer, in conformity to the rules, the names of the four persons of highest grade remaining on the register. He shall also answer all proper requests for application blanks...
Halaman 6 - Reciting that certain societies, commonly called Building Societies, have' been established in different parts of the Kingdom, principally amongst the industrious classes, for the purpose of raising by small periodical subscriptions a fund to assist the members thereof in obtaining a small freehold or leasehold property...
Halaman 46 - ... correspondence as may be directed ; shall act as secretary of all committees when called upon; shall keep a correct financial account between the association and its members, and shall have charge of all property not otherwise disposed of. He shall give such bonds for the faithful performance of his duty, and receive such compensation for his services, as the board of directors may determine.
Halaman 42 - Sunday, in which event the payment to be made the day previous,) to the Treasurer, or such other person or persons as shall, from time to time, by the laws...
Halaman 42 - SEC. 3. When each stockholder for each and every share of stock by him or her held shall have received the sum of two hundred dollars...
Halaman 49 - SECTION 4. For each advance of two hundred dollars made to a stockholder, one share of stock shall be assigned as collateral security. In case of failure to offer sufficient security for an advance within...
Halaman 48 - SECTION 1. Each stockholder, for each and every share of stock he or she may hold in the Association, shall be entitled to purchase an advance of stock of two hundred dollars, and no more...

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