Building and Loan Associations |
From inside the book
Results 1-5 of 100
Page 12
... issued in series . When a second series is issued the issue of the stock of the prior series ceases . Profits are distributed and losses apportioned before a new series issues . The term during which a series is open for subscription ...
... issued in series . When a second series is issued the issue of the stock of the prior series ceases . Profits are distributed and losses apportioned before a new series issues . The term during which a series is open for subscription ...
Page 22
... issued ; every person taking shares of stock , subsequent to the date of the first issue of shares , was obliged to pay back dues in order to be in the same position he would have been had he taken his stock at the date of the first ...
... issued ; every person taking shares of stock , subsequent to the date of the first issue of shares , was obliged to pay back dues in order to be in the same position he would have been had he taken his stock at the date of the first ...
Page 23
... issued quarterly , and even oftener . This is known as the serial plan . This change in the scheme obvi- ated two of the defects in the single series scheme . It permitted the association to become perpetual , and it furnished a new ...
... issued quarterly , and even oftener . This is known as the serial plan . This change in the scheme obvi- ated two of the defects in the single series scheme . It permitted the association to become perpetual , and it furnished a new ...
Page 25
... issued , matured , and in force , for each state and territory . The difference between the series issued and matured in certain instances is greater than the series in force , owing to the fact that some series were entirely withdrawn ...
... issued , matured , and in force , for each state and territory . The difference between the series issued and matured in certain instances is greater than the series in force , owing to the fact that some series were entirely withdrawn ...
Page 26
... issued for the benefit of such mem- bers as may desire to protect their investments from the consequences of death before the maturity of their stock , and especially for the ben- efit of borrowing members . Arrangements are made by ...
... issued for the benefit of such mem- bers as may desire to protect their investments from the consequences of death before the maturity of their stock , and especially for the ben- efit of borrowing members . Arrangements are made by ...
Common terms and phrases
amount asso auditor Baltimore board of directors borrower Building and Loan Building and Savings Building Company bylaws capital stock cent per annum certificate chapter Chicago Cincinnati Cooperative Bank corporation Date of organization deposit DESCRIPTION OF ASSOCIATIONS-Cont'd dividend dues paid estate al loans filed Home Building Homestead Homestead Building incorporated Indiana instalments issued Jersey July June laws Loan and Building loan association Loan Company Local Permanent Local Serial Local Missouri months mortgage Mutual Building Mutual Loan Name of association National Nebraska North Carolina number of associations number of shares payment Permanent person Philadelphia Pittsburg premium profits real estate Saint Louis Savings and Loan secretary Sept Serial Local Serial shareholders Shares in force shares of stock South Dakota stockholders TABLE I.-NAME Terminating thereof tions total local associations West Virginia Withdrawal fee
Popular passages
Page 625 - ... 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 549 - Association, with the powers, rights, and privileges, and subject to the limitations, duties, and restrictions, which by law appertain thereto. Witness...
Page 643 - 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 646 - 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 698 - 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 684 - 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 572 - 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 626 - ... 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 593 - 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 627 - 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...