How to Manage Building Associations: A Director's Guide and Secretary's Assistant. With Forms for Keeping Books and Accounts. Together with Rules, Examples, and Explanations, Illustrating the Various Plans of Working

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J. K. Simon, 1880 - Savings and loan associations - 233 pages

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Page 213 - No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void.
Page 206 - Commonwealth, and with all its endorsements shall then be recorded in the office for the recording of deeds in and for the...
Page 205 - I have examined and perused the said writing, and have found the same to be in proper form and within the purposes named in the first class specified In Section Second of the Act of the General Assembly of the Commonwealth of Pennsylvania, entitled "An Act to provide for the Incorporation and Regulation of certain Corporations...
Page 202 - Any loan or building association incorporated by or under this Act is hereby authorized and empowered to purchase at any sheriff's or other judicial sale, or at any other sale, public or private, any real estate...
Page 210 - No note or obligation given by any stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock...
Page 218 - 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...
Page 182 - ... then the above obligation to be void ; otherwise to remain in full force and virtue.
Page 207 - ... the treasurer shall give bond in such sum, and with such sureties, as shall be required by the by-laws, for the faithful discharge of his duty.
Page 189 - ... in witness whereof the said parties to these presents have hereunto interchangeably set their hands and seals, the day and year first above written.
Page 195 - America, for and during our will and pleasure, as by the said recited letters patent, (relation being thereunto had) may more fully and at large appear.

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