Report on Building and Loan AssociationsF. DeKleine Company, 1916 |
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Common terms and phrases
00 Interest 00 Loans 00 Withdrawals accounts payable Advance payment stock Authorized Capital Average loan Bills and accounts bills payable borrowing members Building and Loan BUSINESS JUNE 30 Capital stock Cash on hand CLOSE OF BUSINESS CONDITION AT CLOSE 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 Loan Association Loans on mortgage Loans on stock Membership fee MICHIGAN MISCELLANEOUS INFORMATION mortgage security repaid Number of borrowing Number of construction Number of investing Number of parcels Number of shares Par value parcels of real Pass book Plan of association Plan of premium profits on withdrawals Rate of dividends Real estate RECEIPTS AND DISBURSEMENTS Salaries of officers shares in force shares issued shares withdrawn stock in force Total disbursements Total liabilities value of shares Withdrawals of installment
Popular passages
Page 84 - a husband and wife jointly shall become the property of such persons as joint tenants, and the same together with all earnings 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
Page 77 - lawful money of the United States, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents: Sealed with our seals and dated this day of
Page 88 - office, which, when audited by the Board of State Auditors, shall be paid by the State Treasurer on the warrant of the Auditor General. SEC. 21. Whenever it shall appear to the Secretary of State that the affairs of any such association are in an unsound condition, or that it is conducting its business in an unsafe or unlawful manner, the Secretary of State
Page 81 - therefrom, and loaning money to the members thereof, may, by complying with all the provisions of this act and entering into articles of association, become a corporate body. Said articles of association shall be signed by the persons associating, and acknowledged before some person authorized by the laws of this State to take acknowledgments of deeds, and shall set forth
Page 77 - as Principal, and as Surety, are held and firmly bound unto in the sum of.... ...DOLLARS ( ), lawful money of the United States, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators,
Page 81 - Second, The purposes for which the association is formed; Third, The amount of its authorized capital stock; the number of shares into which it is divided; the par value of each share; and the number of shares subscribed for. which shall not be less than fifty in number;
Page 94 - foreign association to do business in this State until the first day of the following September. Annually thereafter, upon the filing of an annual statement such as is required from domestic building and loan associations, and if the Secretary of State shall be satisfied that
Page 87 - duties of his office, which, when audited by the Board of State Auditors, shall be paid by the State Treasurer on the warrant of the Auditor General.
Page 95 - provisions, shall be subject to a fine of not less than one hundred dollars, nor more than five hundred dollars, such fine to be recovered by an action in the name of the people of the State of Michigan, in any court of competent jurisdiction and upon the collection thereof, the same shall be paid into the State treasury. SEC.
Page 82 - this act : Provided. That before such association shall proceed to business it shall adopt by-laws for the regulation and management of its business. Said by-laws shall not become operative until a copy thereof, duly certified by the president and secretary of the association, shall have been approved by and filed with the Secretary of State.