The clarion. [volume] (Jackson, Miss.) 1883-1888, 1883-06-27
II. DUDLEY COLEMAN & BRO. New Orleans, La.

sec xii Ii shall be the duty at the secretary '" /
keen accurate minutes OF the proeenuihFS p w
Association and board Of Directors; ne shall Keep
4 strict and correct account with Nt hNhoeFSt ~
ccive all moncys paid 10 the Associations pay we
same over to the Treasurer within three Gays a'et
the receipt thereof, taking his receipt a. voucher
therefor; he shall hold himself respohSlhie lot the
correctness of the accounts, and perform Fneh 0tcf
duties as may he required by the directors. -
cure the faithful performance of his dites e shail
enter into h0nd, with two secnfiheS' " w sun
~ mi lss than two thousand dollars and snail re-
COVE Tor his services such compensation ~ the
Board Of Directors may allow
Size. XIII Ii shall he the duty OF the treasurer
Ia receive all moneys paid 70 the Association from
the Secretary, giving him receipt Tor me same
He shall pay all the drafts ordered ny thf boafa
Of Directors, attestcd by the PfcSiaent ana Feeff~
tary He shall keep correct account nf all moneys
received and paid out, and his b"oks ana accounts
shall he subject At all times, u the inspection Oh
| the Directors or any member. He shall, when re-
/ ouested make report uf the financial affairs OF
/ the Association 10 secure the faithful perform
auce OF his duties he shall enter into a BOND with
two or more securities in sum not less than iiyo
thousand dollars He shall deliver over 70 his sue
cessor in office all moneys, books, papers aud prop
erty OF every kind, belonging 70 the Association,
within two weeks after the election Vi ms success
sor and for the faithful performance OF his duties
he NAV receive such compensation az inc directors
may allow. .,,,.,.
payabIe 10 the President or his successors IN office,
and may he put in SUIT by order Of the Board OF
Directors.
XIV. The Attorney OF AltbTHH9H Hiiait ES~-
anime all title papers and procure the necessary
searches for property offered Ia this corporation ~
security for money loaned or Otherwise ana certly
the result Of the same IN writing ne shall lre-
pare all bonds, mortgages, agreements anu other
writings Of legal nature, 70 be given or taken Ny
the corporation; and shall be entitled y receive
from the property liable for the same not less than
1--we nor more than twenty dollars, except In cases
Of extra labor and research, whom more may be
allowed, at the discretion Of the Finance Commit
tee All disputes as TO the amount 81 such charge'
:" L. H.. tG.l1 .trf Ita Heard gt
SIC XVI The President shall, annually, at The
first regular meeting Of the Board OF DIRECTORS ar
point from their number Finance committee o.
three whose duty 1t shall be 70 act N conjunction
with the President to examine and audit all claim,
against the Association and generally 70 attend Z
all financial business Of the Association They
. shall report In writing, at the last monthly meet
I. ing 0f each corporate year, giving full staamcn
Of the financial condition Of the Association TO TN
|, Board Of Directors, aud majority 81 the FINANCE
~ Committee shall be competent 70 act
! SEQ, XVII The President shall also, at the sam
i time and In the same manner, appoint Valuation
4 Committee Of three, whose duty II shall 0e 70 ex
N anime and determine the value Of all securities Of
u kered To- this Association, aud shall report tbei
+ conclusions to the President aud the Finance Com
y mittee for action by them. majority Of this com
mittee shall be competent to act.
lt SIC XVIII. The above committees may adop
such rules for their government as they may Nc
No i provided the not contrary 70 this chai
nj ter and by-laws
~ sEc xix Al the stated monthly meetings Of III
he Association the funds hand If to the amount
ee one share more, shall be offered for Loan and tn
al stakeholder who shall bid the highest premium +
IN the preference or priority If lean shall he eutite
IL to receive a loan u two hundred dollars for eac
Il. share Of stock held by such stakeholder, and go
no and ample security real estate shall he given
the borrower tn secure the repayment Of the loan
as In case the borrower shall neglect to offer seeurit
n or shall offer security that Ia not approved 81
M the Board Of Directors by snch time a. the chart
may pfeseflDes he ~ sue bh,i ~ ehatben VIII ~
III months interest, together with any expenses ncu
~ red and the money shall he res0id at the ne
Ich stated meeting. In Of non-payment Of insta
M ments or interest by borrowing stockholders, I
M the space Of four months, payments Of princI
M and interest, without dcductng the premium RAJ
nre or interest thereon may b. enforced by proceedi
on their securities according ~ the terms Of I
M contract under which the loan Is made.
~ SEC Xxx Interest all loans shall he III the n
~ Of eigh per csat per annnm from the time n ma
the ing said loans mld shAii oe pua ~ llVnth'y
~ the regular dues paid and such loans shall
for the purpose q enabling the borrower thereof