The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-06-21

and mortgage on good real property or other
wise, to the satisfaction of the Directors. He
shall also, if required, give the Association pol
ieyy of Fire Ipsprancs and for each loan Of
5000 two hundred dollars, shall transfer to the
Association as collaterklI security, one share in
said Association. In case Of neglect to give such
security for one month from the time Of bidding
therefor, the months interest and one per cent
shall be charged to said bidder, and the money
revert back tothe Association t7'o - - s,.
> a re ARTICL LIE XXX.a'i. ia1oneg i'iEE
Whenever any moftgager shall desire to
change the mortgage from the original mortga-
"ged, to other premises owned bys him, he may
do so upongiyihg secufity of sufficient value to
be judged of by the Directors, and paying trans
fsrfee of one dollar for, each share on which
said loans are made. Upon excepting the new
security the Directors shall cause the old one to
be released and discharged The whole expense
of this proceeding must be borne by the ap-
Plicant. saaia sr5 blgods sgatia
ARTICLE XXI. S,.-e. az. ,ia -. =
Interest is to be computed from the meeting
at which the loan may be awarded, and is to be
paid every month at therate of one half of one
per cent per month. Ifthe interest remain un-
paid for three months. the Directors may collect
principal and interest according to slaw.s-ra-.-.
. ARTICLE AKnETCa j.
altNo member shall be entitled to bid for loan
who may be in arrears to the Association and
no mortgage on lands out of the county of San
dusky shall be taken. E'sfsz .asslSE'ss Z sl'As
ARTICLE 4XxXIII, "a i -.
All instruments requiring aseal which the
Association are to- execute, shall be signed by
the President or Vice President and be sealed
with the common seal Of the association. -,
ARTICLE XXXIV. - ~ .'rsos
q The common seal shall have the name Of the
Association and date of Incorporation around
its circumference. - s
so 6; 1asrUs3 s3ARTIGLEQXXXV. ssae,s-7 -5sg5
The Directors may, from time to time, make
such additional rules as may be found necessary
in carrying out the plan of operation herein
before prescribed, but all such additional rules
may be annulled by the shareholders.
ARTICLE XXXVLse sa ~
All resolutions for consideration shall be made
inwriting blythe person offering the same.
ARTICLE XXXVIL .sr
The entries made by the Secretary IN the
books under his charge in all matters relating
to his Office shall beapriuaa taeie evidence of ali
the matters SO entered, in all questions, suits,
controversies and disputes, between the associa,
ton, the officers or members thereof, and any
other officer or member.rs-A Any member feeling
aggrieved by any entry, made'in respect to him,
may appeal to the association at a regular meet
ing, and the decision made thereon shall be
final and conclusive. Before the adjournment
Eof each meeting the Secretary shall read the
minutes thereof, which shall be corrected and
ordered for engrossment. a At the next meeting
the minutes shall be read from the engrossment,
and if no further corrections are made the same
shall be final and shall not afterwards be altered
or expnnged. rir sis-s's srogg y 90 -
ARTICLE XXXVuI.
In all cases in these articles where the
pronoun "he or him" is used it, shall be. under
stood to mean, a like lpronoun in any Other
gender or number where the circumstances
may require it "a .bIol2 a. .d7uotl
ARTICLE XXXIX.,-
ii This Constitution may be altered or amended
by vote of at least two-thirds of all the shares
and also two-thirds Of the members preseni
when the vote is taken But nc. alteration shall
be made, lessening, IN any way, the pecanisry De
interest of any membes in the faads or property
of the association against his will.
~ esAsssIA ARTICLE XL.
Each and every person, on Becoming
member of this Association, shall be required
to sign the Constitution, thereby obligatint
himself to perform all the duties specified in til,
same SA - -AFA ,-esasRI0 JzslS bF