The clarion. [volume] (Jackson, Miss.) 1883-1888, 1886-10-27
NEW ADVERTISEMENTS :
CHARTER OF INCORPORATION
Hnds County Home Building and Loan asso-
citation.

SECTION l. John Le- Is, Z. A. jackson, A. W
Wright + :. johnson, A. n. Davis. g. K Atwesd.
IL D. fofsi, = J. Hvury. Alex Goods9n, eden
Hicks and all other persons who may become asse
ciAtsd alta them and their successors b. aud IA. v
here hereby created brdy polite. under lbe
name and sty leof he Kinds County Home Bud
ing and Loan Association /"
sEc. ,. The ebjeets aud purposes for which said
CORPORATION Is zted ars tie accumulation OF A
and or funds, by Perieda9al contributions W pay
enis b. the STOCK holders nnes upon the stock hold
~ Tor non parry meat d moneys dne and upon
officers for attsn lance anu neglect OF duty /:
premiums uT.sn adyAnes or loans, quarterly inter-
ests and pay faeHIs on loans and aayances, and bv
other rec dpss, and the advancing and ioaniag 4
such ius1 funds 20 the stockholders, 10 euaOls
them buy buIid their own home " to acquire
Otbvr real estate or Tor other uses, when such
f4nds ssai be called Tor by any stoek holder.
he therefore liable 20 remail. unpr03uct We, 10
the 10 ..ther persons, otnersise invest
the same, ios TIE benefit and interest ei said Aso-
ciAtion-
sac B. said corporation shall lie knoxn bF said
corporate name, aad shall be dorulcslcd ia the
cJuaty Oh HisdS and state OF Aississsppi aud said
corporation shall piTe fr.5ui neglect
Vn The part OF the Association 10 officers at the
time eHtoned inI.s by-iass. and officers eleetsd
hy said Association shall hold their Offices uRfIi
their successors Sui. elected.
sEr i. Sai4e rporAtion shall have power to aeeu-
luate funds, and 10 advance or loan tee sane As
herein before mentioned ana to secure the rebav-
~ nj OF such MONEYS and the peroraiance 81 The
5IneT conditions upon gbien sue zd vauces or loans
may be made ~ n0te OF bond deed-u-uust, mort
gaze, Or 0tuer securIty 80 pUf has resI estate or
personal properly, ami erect houses and buildings
OF the beneht OF satd corporation or any OF its
Stockholders. 10 purchase any trustees sherfH7s
other julie a sale, or any other sale public or
private, any real personal property upon
which sad Association may haze or hold any deed
ltiust, mortgage judgment, lien or other iueunl-
brance, or la pea SAID Association may have any
interest and the real estate personal properly 50
purchased, any oth5r that ald ssoc alton may
oid be entitled sell convey, lease or mortgage
At pleasure 10 Huy person persons whom
soeyer; aud IN general snail have, posses and
fFara a a ~
tiOs OF similar character and uOt Inconsistent with
The iaSs OF shis stat, aud all the rights pows Is
priyiiests aud immunities grauted, Uestov ed aud
provided in chapter 5 Of the Code OF 1880, and
HAPPIER p o. the Laws oi Mississippi OF 1oo2.
sEc. ). Ine Charter members shall meet and or
4aaile said corporation within thiIty Gays from
date vi chatter
sEc 9. lie capital stock of said corporation shall
at no time c5i,si-t OF more than thirty seven nun
bred shares Of si25, )oue huadred and twenty hive
ioliaEs each, winch may be issued in IL
successive series, such and such inter
the Board OF Directors may aetermine. The
instruments said stock are 81 be paid at SUI h
periods and al such time AMI place tie ~ laws
snail appoiut, aud every share Of stock shall be
subject TO lien Tor the pay OF unpaid INSTALL
.nenIs, and other charg iueurrei thereon under
the provisions OF this tIaTier and the By laws
tue by-laws may prescribe The iorm and manner or
lioi ciug such hen, ellher 10y forfeiture OF stock
0thvrwi Se New shares / slock may be issued in
lieu 0l tie shares Withdrawn forfeited. ANY
stOekhulder whose stock Il uot held IN pledge for
security, hnd no may wish VII hdraw iruIn the
20.
giving s4Nty da5 notice OF his OF her intention 10
WITHDRAW, WHEN h she shall be entitled 10 rs-
Give the amount PAID III by him or her and such
proportion OF the prohts as The bylaws may deter
mlne lrss all fines aud other charges; PfoDbfed,
that at tinIe snail more thaa half OF the
fuuds IN the tfeesury OF tue cOrpor.tIon be app'a-
without consent 0f tne hoArd directors.
Upon the death OF a stockholder his or her legal
repIesen tdtlyes shall entitled receive the tult
,,niouut la,d IN by him her, aud eg., interest
thereon nTst deducing AL changes that May be due
GA tue STOCK. No hnes shall &c charged to a de
ceased member account from ANA alter bis or her
deUese, uaiess the leg representatives. such de-
eedett assume the future payuie the stock.
30 person snail bold ia his her ia ht more
thau twelve SHARES Of stock.
SIC T. ILe Board vf Directors shall hold stated
meetings, at which TIT money in the tieasury-i il
thirty i've dollars shall be offered Tor loan in
open meeting aud the stocKhOIaer who shall bid
the Inquest p.euliuu iur The preference priority
team, entitled receive loan Of one
nuudred and nty-iye dollars or more Tor each
share OF stock held uy sRch stOckholder; pioviued
that stockhulder may borrow sucH fractional
/ pait oT Que hundred and twenty i've dollars The
oy-iaws may prOeide ana good aud mpc security
snail be gwen by the bosrJ~sr 10 $ cure the repas
neut lUau. IN case the borrower shat neg
ec1 oiter security that is NOT approved by TIE
Beard OF irectUrs, hS s4ch time a. the D. laws
may prescribe he or She shall be charged viii
months interest, together with any Nperses
incurred aud tne money shah be resoid at The heNl
| stated meeting. In case Oh n0n pay nleut % IN
siaitnents interest by borrowing Stockholders
or Ihe space OF six ni0Iths, payment Ct principal
auQ interest, Without uCuuCtiug premium paid
or IN crest th-reoi may De enforced py proceeding
o. ther securities according To tbs terius thereof
And the ia@ applicable the etO
| SIC .. 4 ofro Yger may repay loan at any time
AID in OF the repay meme thereof before the eX
pralion Oh the eighth ear alter The issue OF III,
particU series stock on which The loan Is bSs
| 90, there shall be Rounded to such borrower on,
hIh the lam paid tvr every yearof the eigh
Years tueu uneS pied: ana IN ease recovery o
loans by pruoess law, VII n the collected
by or distributed 10 the said corporation shall ceel
| me amount OF the loan taken b. the borrower
.oaned AT the next stated meeting, aud the excess
| recovered beyond The amount requned t. pay tht
Ioaq, with interest and charges, shall be returned
| To the borrower from MhOui the money was iect
that ia lie corporation sh-iI have issued il
stock ia series, 1eioan shall be made only q
the STOCK bcders Of the series; and provided
that II premium offered tur the shall b
greater than that originally given by The defauitui
borrower the amount vi the orr giiaI premium unt
shall be paid by the said corporation; and orc
| tIdad Iurther thai such deiaultIug borrower ma,
at any time sad sHIng demand ron
said corporation the amount required be paid t
| stock h0ider Withdrawing his stock, saving am
exec ping however, said corporation the ishL L
retain So .ueh the whole IN reof, as may be re
quisite IL from loss, in the amount re
| covered shall not suffice 10 pay the relean.
J.. X. ATWOOD
+. 5. JOHN-ON
ALEX. GOODSEN,
H. ID. FORD
| A. W. WRIGHT.
We'd, N HICKS,
l.. A. JACKSON,
W. J. HENRY.
A. II DAVIS,
| JOHN LEWIS.
There is nothing in the foregoing charter OF in
| corporftiau inrausfStaDE with Constitution G