The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1869-12-08


CONSTITUTION.
ARTICLE l-IiM.-rhisa association shall be
the Pioneer Homestead Assoela-
ton of the District OF Columbia.
AR 2-0ejeef.-Its object shall be the sceu.
mutation OF fund for the more advantageous
purchase for Its members Of real estate, i'm.
lumbis, and to build for them suitable dweir
inEs and other structures, to sell and convey
to them as herein ate provided for.
sooistion shall 5. re.idsnss V 81 the ' Tn,tsa
States, OF the age OF twenty.one years and up.
wards, All members must hold In their own
good standing on the books Of the sssooiation
shall be entitled to a pro rata share OF all
proats In all dis,tibutions Of the same.
this association shall consist Of shares not ex.
ceediug 5000, Of the par value Of $500 each, aud
a nominal value Of q 900 each,
EsSn sSd eye1y % e,h
association shall pay during the period OF
one hundred and twenty consecutive months,
on I or before The regular stated mon,hl, meet.
or such other person or persons as h,il from
time to time by the laws and regulations OF
the assoeistion be authorized to receive the
ssmei and all persons subscribing for shares
after one or more monthly installment, have
been paid on stock will DO required to pay up
the back installment, to date Of subscription.
SIC. 3-Ftnes-Each and every stakeholder
who fails to pay the monthly instsllments on
his or her stock In the manner prescribed shall
pay hne Of twenty-five cents on each share
per month for each month they shall remain
unpaid. All lines shall hrst be paid out Of any
money received from such member in arrears,
and then all atIesrsse. Ga such stockholders
SEC, &-IHsfaIinenis IN Arredrs.-In case any
stoekholder shall fail to pay the monthly Ia.
stallments and accrued hnes as they become
due upon the share or shares held BY him or
her In this association, las hereinbefore pro-
vided,D and failing to pay the same for the
period OF four months. It shall be the duty Of
he Tar In ha anna To Nha hsa
Of directors. The board OF directors shall order
the sale OF said share or shares held BY the
member In arrears, and said share or shares
shall be offered for sale at the next ensuing
monthiy meeting after such order shall be
made and sold to the highest bidder, and the
proceeds Of such sale shall be placed 70 the
credit of the share or shares thus sold, aud
said share or shares transferred to the pur.
chaser thereof upon the books Of the assooia.
,ion The secretary .hsl :. lender to the de elm.
sold an account, crediting him with the amount
actually paid by him on account Of shares, and
charging him with all accrued Zines and ex.
penses, and shall return to said shareholder
the amount thus found to be due him.
Sgo. 5-Trdnifsr Of Stoek.-Shares In this
association may be Transferred upon Its books,
any installments or fines upon the same shall
remsin unpaid.
months after the association has been or
gained, shareholders may have the privilege
ofpsying their monthly installments In sd.
vance, and when any instaliment upon any
vance there shall be allowed six per cent. In
terest upon said advance, TO be paid atthe
expiration of the time for which said advance
AIR. S-Signingobligaiion 10 The A,,oeiaiion.-
Each me mber of this Association before being
entitled to any, of the benefits or privileges
understanding, acknowleds ment, and agiee.
nent that he or she thereby obligatcs and
binds himself or herself to perform faithfully
ftttI at.N Lax
may be imposed BY this constitution or the
properly adopted bylaws and regulations.
ARr d-See l-Nse'iag'i Se.-fhe regular
monthly meetings OF this Association shall be
held on the - - OF each month, and at such
place As the board OF directors may determine.
SEc 2. The semi-iunual meetings shall be
on the - In the month of-and In the
mouth of - In each and every year.
SIC. .. Special meetings shall be called by
the secretary whenever requestediby not less
No other business shall be transacted Al such
special meetings than that for which the
meeting is called.
business at any regular, semi-annuai or
special meetings shall consist OF thirteen
members.
tiou shall be a president, vice president, seere-
tary and treasurer, and nine directors, all OF
whom must be stockholders, and elected as
herein provided.
Arr s-sec. I-Eieeiion Of 0Eicers.-At the
annual meeting Of the association, on the -
OF -, In each and every year, the officers for
the ensuing year shall be elected to conduct
the affairs and general business OF the associa.
ton. They shall hold ONCE for one year, and
until their successors shall be elected and
shall be eligible for reelection, unless removed
for cause. as hereinafter provided.
SEC. 2 Each stoekholder personally present
| At any meeting Of the stockholders, and hold
ing In his own right or as trustee one or more
shares Of stock, shall be entitled to one vote
In the election OF officers, as well as on all
SEC. 3. Transfers Of stock to enable the
holder to vote thereon must be made at least
| ten days before an election.
| ART. Sec. l-DuiiCs Of OUCGrs.-It shall be
| ings Of this assoGINiion and OF the board OF
| Il rec ors; to preserve order therein; to sign
money, wheH ordered by the bosrd OF direct.
ors, and to p.rform all other duties appertaiu,
Ing to the UtiJv oil president; and In all cases
Of tie vote he sh ali have the casting vote.
SEC. 2. The vice president shall perform all
the duties of the president during his absence
| or inability.
SEC. 3. II shall be the duty OF the secretary
to keep accurate minutes Of the proceedings
| Of the association aud of the board of direc.
tore Eod to record the same ia a book 81
keep the accounts and conduct all the CORE
| spondence of the association, and retain copies
| OF all important letters sent by him. lie shal
| also keep a register In which he shall require
every person admitted a member OF the asso
ISOLATION to write In full, or cause to bt
trade and place Of Of restGcGce. W heneveT an,
member shall change his place OF residence, b,
shall, within one month thereafter, give notic,
notices shall be deemed duly served BY de-
| posting the same, postage prepaid, in the
post office, addressed to the member Tor WHOM
Intended, according to the last entry In tn,
register: lie shall keep accurate accounti
with all the stockholdersi attest all order
drawn on the treasurer for the payment o
money when SO ordered by the board Of direo
| tOFa and ali ALL notify the atDckh1ldara of this
semi.annual or special meetings by publ
notice by advertisement In such newspapers a
shall, from time to time, be designated by tn,
boaid OF directors. lie shall have 10 charg,
all the books and papers, except his bond, DO
longing to the association, including all poll
cics Of Insurance; and shall, at the expiration
OF his term OF office, deliver the same over Il
his successor in office. lie shall attend to tn,
renewal Of all policies OF Insurance, from tim,
to time, and shall draw upon the treasurer 70
the amount required to effect said renewal I,
the stockholder interested In said policy, Il
be paid by him tthe stockholder) at the mex
monthly meeting after such renewal He shal
be prepared at all times to Inform the stock
holders of the financial concerns OF the asso
citation, and At the semi.annual meetings fur
niGh detailed statement Of its affairs II,
shall give bond In the sum of q, 900, or sucl
greater sum, AS the board of directors ma
from time to time direct, for the faithful pei
formauoe of his duty. In case of nou-attend
ance OF meetings he BhHll be fined = dollar
for each absence, unless he shall provide Al
efficient substitute.
to receive all moneys paid into the assoeia
tioni pay all orders OF the board OF directors
II signed BY the president, and sttested by tn
secretary and he shall give bond In the sur
Of 80 ,0OO, or such greater sum as the board c
directors may, from time to time, direct, 70
the faithful performance Of his duties; and u
the expiration OF his term OF Office he sha
deliver over to his successor In office a
moneys, books and papers that may be In hi
possession. The treAsurefs bond shall be al
proved by the board Of directors.
ART. l0-Sec. l-BOdrd Of Direeiors.-Th
president, yice.president, secretary and rea
uref and the directors shall constitute an
form u board, to be deuo ated the board
directors. 1t shall be their duty to NEE
stately on such days and at such places as the,
ora majority Of them, shall from time to tim
determine, for the purpose Of attending to III
safe Investment OF the funds of the AssocI,
ton, and It's financial concerns generally an
seven Of tic directors shall constitute
| quorum.
SEC. . The records OF their proceeding
shall be open to the inspection OF tho stool
| holders.
SEC 3. The board OF directors may, by ele
tlon, MI any vacancy within Its own body Il
the remainder Of the term.
SIC, !. The board shall appoint an Rttorne
who shall be a member OF the association al
member Of the bar OF the Supreme Court
the District OF Columbia, whose duty It sha
be to examine all title.deeds, and make the n
cessary search for asceftaining the title to a
property offered for sale to the associntio
aud fur nish satisfactory abstracts OF the sam