Building and Loan Associations |
From inside the book
Results 1-5 of 5
Page 392
Under this plan there is no premium , but interest on the loan , whether at a fixed
rate or at a rate determined by bid , is paid by the borrower in advance , either for
a fixed period or for a period covered by bid in cases of competition for loans .
Under this plan there is no premium , but interest on the loan , whether at a fixed
rate or at a rate determined by bid , is paid by the borrower in advance , either for
a fixed period or for a period covered by bid in cases of competition for loans .
Page 411
in advance is returned to the borrower in case of the repayment of the loan before
the maturity of the shares . Illustration : A member secures a loan on ten shares of
a maturing value of $ 100 each , at 10 per cent premium . He receives $ 900 ...
in advance is returned to the borrower in case of the repayment of the loan before
the maturity of the shares . Illustration : A member secures a loan on ten shares of
a maturing value of $ 100 each , at 10 per cent premium . He receives $ 900 ...
Page 415
The premium is either deducted from the loan in advance or paid in instalments ,
as the borrower may elect . In the latter case , the premium is divided into a
certain number of equal parts , a certain number of which are deducted from the
loan ...
The premium is either deducted from the loan in advance or paid in instalments ,
as the borrower may elect . In the latter case , the premium is divided into a
certain number of equal parts , a certain number of which are deducted from the
loan ...
Page 419
ment of the loan before the maturity of the shares one - tenth of the premium paid
in advance is returned to the borrower for every year then uuexpired . Illustration
II : In this case the borrower pays his premium in monthly instalments at the fixed
...
ment of the loan before the maturity of the shares one - tenth of the premium paid
in advance is returned to the borrower for every year then uuexpired . Illustration
II : In this case the borrower pays his premium in monthly instalments at the fixed
...
Page 420
The entire premium is either deducted from the loan in advance or part of it is
deducted in advance and the balance paid in instalments . In either case the
borrower gives security for the gross amount of the loan and pays interest on the
same .
The entire premium is either deducted from the loan in advance or part of it is
deducted in advance and the balance paid in instalments . In either case the
borrower gives security for the gross amount of the loan and pays interest on the
same .
What people are saying - Write a review
We haven't found any reviews in the usual places.
Common terms and phrases
advance amount authorized Bank board of directors borrower Building and Loan Building Company bylaws capital cent certificate chapter charged Chicago Cincinnati City Cooperative corporation COUNTY Date deposit DESCRIPTION dollars dues paid examination filed fines fixed follows force funds held Home hundred incorporated instalments interest investment issued July June laws less Loan and Building loan association Loan Company Local Local Local LOCALITY manner maturity meeting Michigan months mortgage Mutual Building North organized paid payment period Permanent Permanent Permanent person Philadelphia premium profits real estate receive Saint Louis Savings and Loan secretary Sept Serial Permanent Serial Serial Serial shareholders shares society South Dakota statement stockholders TABLE term Terminating Serial territory thereof tion Virginia Washington West withdrawal York
Popular passages
Page 627 - ... shall be liable in like manner, and to the same extent as the testator or intestate, or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 551 - Association, with the powers, rights, and privileges, and subject to the limitations, duties, and restrictions, which by law appertain thereto. Witness...
Page 645 - All the stockholders of every company incorporated under this act, shall be severally, individually liable to the creditors of the company in which they are stockholders, to an amount equal to the amount of stock held by them respectively...
Page 648 - Any such association may purchase at any sale, public or private, any real estate upon which it may have a mortgage, judgment, lien, or other encumbrance, or in which it may have an interest, and may sell, convey, lease, or mortgage the same at pleasure to any person or persons.
Page 700 - State or nation, or upon their agents therein, so long as such laws continue in force, the same obligations and prohibitions, of whatever kind, shall be imposed upon all insurance companies of such other State or nation doing business in this State, and upon their agents here.
Page 686 - Provided, That at no time shall more than one-half of the funds in the treasury of the corporation be applicable to the demands of withdrawing stockholders, without the consent of the board of directors, and that no stockholder shall be entitled to withdraw, whose stock is held in pledge for security.
Page 574 - First, the name and location of the company or association; second, the amount of capital stock authorized, and the number of shares into which such capital stock is divided; third, the amount of capital stock paid up; fourth, the market value, or, if no market value, then the actual value of the shares of stock...
Page 628 - ... chairman of the meeting, and also a suitable person for secretary, and proceed to a vote of those present, in person or by proxy, and if on canvassing the votes it shall appear that a sufficient nurrfber of votes has been given in favor...
Page 595 - Such articles shall also contain a statement of the purposes of the association and shall designate the city, town, or village where its principal place of business shall be located.
Page 629 - On every such examination inquiry shall be made as to the condition and resources of the corporation, the mode of conducting and managing its affairs, the action of its directors, the investment of its funds, the safety and prudence of its management, the security afforded to those by whom its engagements are held, and whether the requirements of its charter and of law have been complied with in the administration of its affairs...
Bibliographic information
| Title | Building and Loan Associations Annual report of the commissioner of labor, 9th, United States Department of Labor Annual report, United States Bureau of Labor |
| Author | United States. Bureau of Labor |
| Publisher | U.S. Government Printing Office, 1894 |
| Original from | the New York Public Library |
| Digitized | 13 Feb 2007 |
| Length | 719 pages |
| Export Citation | BiBTeX EndNote RefMan |