The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-03-18
ager Of The Company may see ct "a
Stimulate

tasY terms, and profit BY IAN, nd
eal,ce in value to resellit.
LOANS.
The Mutual Luan and trust Com
,pany will advance money upon rra
estate guaranteed by FIRST MorlRa.,
ut U per cent. per ann,lm.
This interest shall be paid mrnth
lY, and the revenue afforded b,l,
compromising mas 70 intsalr .prni
il fund, lsce below Or atiiixei |.
Increase the loanlng ral,aciil 81 ii,
Company rs thu dirput,.ls, ma, dcrl
to b. It's best airrrsl. l'l,-sr I,Ml,
will be limited To tis ,khalil.r
OF the Company and will b. NJ,
upon tbs following conditions
A certain sum rp,nln,rrn,lri
the business manager, AMI appaov /.
by an advisory boarl, shmll 6e !.
aside monthly for this purpn,
may be obtained l,y the holder o.
fenr q paid up shares IN he Mu
tual loan and trust Company N,
applicant can require more than
500 upon every four share.
.aeli By iiia,sclf.
Loans o., real state include th,
siyanc. ~ money To holders Jf lot,
1.-THE Mldiletown Land and I'm.
ProyenIent ompanv, who shall BE-
entitled on subscription to the abovs
conditions TO borrow sum not en-.
ceeling Sl25 and not less than $50
. each lot held by thrm IA tn.
laid Company.
his maximum and minimam
shall hold good for twelve t12)
months from the organization OF
The Mutual Loan and Trust Com
pany, but may afterwards be in.
creased BY the resolution OF In.
board Of directors after the erpira-
zion Of that time, providing tn.
current prices Of lots shall hay.
augmented in ya'ue.
The business manager OF the Com
laaY may reject the appllca ion fa
loan il such rejection be in tn,
interests of The Company and i
ratified BY the advisory board an.
he directors Of the Company.
REPAyMESrs OF LOANS.
The repayment Of such loan.
-hall be made in monthly payments
If 10 per cent. on the amourt o..
rained until completion Is mads u
The sum loaned.
Eh SAVING BANK.
The Mutual Loan and Trust Com
pany IS empowered BY charter 10 do
q geaeral banking business.
A feature OF ITS organization will
We = saving institution which will
.sc-ise Gums OF 81 and not exceed
ne $500. The deposits will be re.
.ielved st 4 per cent, and al per.
.ons whose deposits shall have b-ep
left with the Company for twelve
(i2) months will be entitled TO
participate in the division Of 25per
cent. Of the prJfits earned by the
through the use OF de-
posibs in addition to 1 per cent In
tefest.
These deposits being strictly loans
70 The Company will not participate
ia the profits and privilsges Of the
regular shareholders. NJ
Interest Is computed senli-snnu-
alls, on the lst u January and on
The ist Of July. Deprltors draw
ing their deposits will receive in
terest only 10 date Of the half
yearly computation Of interest pre-
TiUus to withdrawal.
BUILDING LOANS.
The Company not being purely q
building society will limit its opela.
inns IN this department TO assist 10
Tie erection on houses upon the
held BIZ the stockhOlders
n he Nlddletown Land and In.
prosement Company.
The Geld here j. sast and smpls.
here being q dem4 and to-day for.
yfer 100 houses when lie likely 30
treble itsslf in the near future.
Stockholders in the Mats1l Loss
md Trust Company only can OBJ
ain the benefits of snch loans upon
he following conditions:
TIE sun advanced bY the Mutua
loan and Trust Company for build
ng purposes will be available upon
he conditions above specified for
,tber leans. The sum, howeysr,
vii Be Iimitel 10 two-thirds Of the
.ost price Of the house that The
borrower may intend 10 erect. and
Is repayment shall BE- guaranteed
i q 6rst mortgage.
The interest shall 10 @ per eent
,er annum, payable in monthly IN
Itallments, and the repaymsnLs 81
he sum loaned shall he in sums rot
'Icesding 8 per cent upon The
mount loaned.
Active Agents required.
For further particulars adj
iress
rHE MUTUAL LOAN
AND TRUST CO.,
o. n nn0Nr A. trT