Bulletin, Volume 40

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Page 35 - All debts due to any association, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section.
Page 38 - ... a copy of the articles of incorporation and the by-laws of the association translated into the dialect of the locality.
Page 11 - Membership is open to all qualified workers up to the maximum number justified by the economic condition of the business.
Page 36 - ... the Philippine Islands prior to June first, nineteen hundred and nine, under certain conditions, shall be authorized by the Director of Lands to make surveys for the Court of Land Registration without examination, and providing for the suspension of fees the payment whereof is prescribed in section one hundred and fourteen of Act Numbered Four hundred and ninety-six, as amended...
Page 35 - If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts.
Page 34 - July, following their election, and when completed, all taxes previously certified shall be void so far as the property within the limits of the consolidated independent school corporation is concerned, and the board of said consolidated independent school corporation shall at a regular meeting or a special meeting called for the purpose...
Page 32 - ... medium of infection or infestation by diseases or insects or other animals destructive to agriculture or a medium for the introduction of noxious weeds, is hereby prohibited, except through such ports as may be designated, and subject to such rules and regulations as may from time to time be prescribed by the Director of Agriculture and approved by the Secretary of Agriculture and Natural Resources. SEC. 2. The Director of Agriculture, if the best interest of the service so require, shall cause...
Page 36 - ... losses of the association, or who shall willfully distribute dividends except out of the net earnings as determined in accordance with the provisions of this section or without lawful provision for reserve, or who shall in any other manner violate the provisions of this section, shall be punished by a fine of not to exceed two thousand pesos, or imprisonment not to exceed two years, or by both such fine and imprisonment.
Page 23 - One important consequence is that up to the present time it has not been possible to make a satisfactory adjustment between the professional schools as a class and the other units of our educational system.
Page 35 - These by-laws shall be approved by a majority vote of the members present at the stockholders

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