Building and Loan Associations |
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Page 396
During the next , and each succeeding three months , the sum total of the dues
paid in by the borrower on his shares during the preceding three months is
deducted from the principal , and he pays interest on the remainder . His
payments ...
During the next , and each succeeding three months , the sum total of the dues
paid in by the borrower on his shares during the preceding three months is
deducted from the principal , and he pays interest on the remainder . His
payments ...
Page 398
borrower in case of the repayment of the loan before the maturity of the shares .
Illustration : A member obtains a loan on one share of a maturing value of $ 100
at 10 per cent premium . He receives $ 90 cash and pays interest on this amount
...
borrower in case of the repayment of the loan before the maturity of the shares .
Illustration : A member obtains a loan on one share of a maturing value of $ 100
at 10 per cent premium . He receives $ 90 cash and pays interest on this amount
...
Page 399
A fixed premium is deducted from the loan in advance , the borrower receiving
the remainder . He gives security for the gross amount , but pays interest only on
the amount actually received either for a fixed period or until his shares mature .
A fixed premium is deducted from the loan in advance , the borrower receiving
the remainder . He gives security for the gross amount , but pays interest only on
the amount actually received either for a fixed period or until his shares mature .
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 416
Illustration II : If the borrower selects the instalment plan , the premium , a fixed
rate of 30 per cent , equal to $ 300 on a loan of $ 1,000 , is divided into one
hundred and twenty equal instalments of $ 2.50 each . Twelve of these
instalments are ...
Illustration II : If the borrower selects the instalment plan , the premium , a fixed
rate of 30 per cent , equal to $ 300 on a loan of $ 1,000 , is divided into one
hundred and twenty equal instalments of $ 2.50 each . Twelve of these
instalments are ...
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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 |