Report on Building and Loan AssociationsF. DeKleine Company, 1917 |
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Common terms and phrases
00 Loans 00 Rate 00 Withdrawals accounts payable Advance payment stock Authorized Capital Average loan Bills and accounts bills payable Building and Loan BUSINESS JUNE 30 Cash on hand CLOSE OF BUSINESS CONDITION AT CLOSE construction loans Contingent or reserve dividends or earnings Dues on installment Dues per share ENDING JUNE 30 force June 30 Furniture and fixtures hand June installment stock Insurance and taxes interest and premium investing members Liberty Bonds Loan Association Loans on mortgage Loans on stock Membership fee MISCELLANEOUS INFORMATION mortgage security repaid Number of construction Number of investing Number of parcels Number of shares Par value parcels of real Plan of association Plan of premium profits on withdrawals Rate of dividends Real estate RECEIPTS AND DISBURSEMENTS reserve fund Salaries of officers shares in force shares issued shares matured shares withdrawn stationery and supplies Total disbursements Total liabilities Total receipts value of shares Withdrawals of installment
Popular passages
Page 90 - ... shall become the property of such persons as joint tenants and the same together with all interest thereon shall be held for the exclusive use of the persons so named and may be paid to either during the lifetime of both or to the survivor after the death of one of them...
Page 96 - All such salaries and expenses when audited and allowed by the board of state auditors, shall be paid by the state treasurer out of the general fund, upon warrant of the auditor general.
Page 102 - ... information as he may deem necessary to a proper exhibit of its business and plan of working, and upon showing that its assets are invested in accordance with the laws of the State, territory, district, province or country where it is organized, he shall issue a license to such society to do business in this State...
Page 98 - Title, subscribed by him, or standing in his name on the books of the association, and that the same is not hypothecated or in any way pledged as security for any loan or debt.
Page 92 - ... and may be paid to either during the lifetime of both or to the survivor after the death of one of them, and such payment and...
Page 87 - SECTION 1. Any number of persons, not less than five, who are residents of this State, desiring to organize a building and loan association for the purpose of building and improving homesteads, removing incumbrances therefrom, and loaning money to the members thereof, may, by complying with the provisions of this Act, and entering into articles of association, become a corporate body. Said articles of association shall be signed...
Page 98 - ... carried on its books at a value in excess of the amount due the association as principal at the time of the satisfaction of such debt, or at the time of the commencement of the action or proceeding in which such property was purchased, less the withdrawal value of the shares pledged as security for such debt, unless permanent improvements have been made thereon and the value of the property as improved shall have been determined by a written appraisal signed by at least three directors of such...
Page 99 - Any savings and loan association may borrow money for a term not to exceed one year if : 1. It has been authorized so to do by the vote of a majority of its board of directors, taken by ayes and nays and recorded in its minutes. 2. The aggregate of the money borrowed by it and the prior or underlying mortgages, liens or encumbrances upon the real estate upon which it holds mortgages or to which it has taken title does not exceed twenty per centum of its accumulated capital, or two thousand dollars...
Page 97 - Act, shall be deemed guilty of a misdemeanor, and on conviction thereof shall be fined not less than twenty-five dollars nor more than two hundred dollars, or shall be imprisoned not less than one month nor more than six months.
Page 98 - No association by any system of accounting or any device of bookkeeping shall, either directly or indirectly, enter any of its assets upon its books in the name of any other person, partnership, association, or corporation, or under any title or designation that is not truly descriptive of such assets.