The Princeton union., 1891-05-07
leld by them Of the stock Of said associa,t,n

held by them of the stock Of said association
outside such counties and 80 long as such
association thereafter confines Its sales OF
stock within the limits aforesaid, it shall not
De 70 she hereof and
ties made after filing of suoh statements by
any officers, director or agent Of any associa.
uon, shall subject suoh person to all the PEN
alties prescribed in SEQ ton "a OF this act
Provided further, that nothing in this SEQ.
ton stalfbe so construed to prevent the
bona tide sale or transfer Of the individual
stock Of any member of such association.
SEC. 81. Every suCn association shall be
assessed for aud pay taxes upon Its Office
furniture and fixtures and all real estate ac-
quired in the course Of its business. - f
SEC, 80. The amount standing to the
credit OF each member Of any such associa.
non; upon its books, shall be considered and
held as the individual credit of such men,
per and each member shatl list the shares
neld by him for taxation at their real value
IN money IN the county Of his residence, the
same as other credits are listed, except shares
upon which loans nave been made or money
advanced by the association.
SEC: 80. 1t shall be the duty Of every such
association not Incorporated under the laws
or this state to make and forward to the pub.
lie examiner upon the first aay Of May In
each year. statement, containing the names
and the withdrawal value Of all its stock held
and owned by residents Of this state, together
with the place of residence Of every such
st9Hkhoder except those having loans as
shall be the duty of said public examiner to
make out and forward to the county auditors
OF the proper counties statement OF the
stock held by them. And IT shall be the duty
of the said county auditors upon receiving
the statements provided for in this and the
foregoing sections, to furnish the assessors Of
each town in his county having such stock.
holders with the names Of such stockholders,
and the value Of their stock as given in such
statements for the purpose of assessment.
SEC. 81. Any suoh association shall have
authority to consolidate with one or more
other corporations organized for the same
purpose, upon such terms Us may be agreed
deemed advisable by q majority vote OF Its
members, and to transfer to such consoli-
dated corporation its entire assets, subject to
the vested right of its members. :
SEQ. IS. AL securities, cash. mortgages,
certificates, bonds, notes, receipts, state
ments and records heretofore deposited with
or received by the state auditor pursuant to
transferred and delivered by him to the state
treasurer, who shall receive the same, and
who with his sureties, shall be liable for the
safe keeping thereof. The treasurer shall
Witch order orc ea Of the publie examner @ % EXCEPT @
in pursuance of this act. All securities OF
such association heretofore required to be
deposited with the state auditor shall here
after be deposited as in this act provided;
Upon filing any mortgage, the treasurer shall
receive a fee of fifteen (15) cents therefor.
and upon withdrawal Of the same he shall
receive fee Of ten Q0) cents therefor, to be
paid by the association so filing or with
drawing it,
SEC. 80. The public examiner and state
treasurer respectively shall retain all the fees
by this act provided to be paid to them or
either of them in lieu of any allowance for
clerk hire made necessary by the extra labor
imposed by this act, and they are respectively
hereby authorized and empowered to make
and execute any and all orders, releses or
other papers which the state auditor was here.
tofore authorized to make or execute in the
premises.
SEC. 4U. At least thirty (30) days prior to
any annual or special meeting Of the stock
holders of any such association governed by
this act. notice stating the time and place
Of such meeting shall be deposited in the
ton, directed to each member to his address
as the same appears at such time on the
books or the association, and when SO de-
posted, postage prepaid, shall be deemed
ing, and there shall be attached to and &C.
company such notice any proposed amend
ment or amendments to the articles of in
corporation of any such association, and
secea saemsn SUCH Of megns sgz 0Gss, anv s9DS to Be-
notice shall have been duly given
may be adopted at such meeting by the vote
VI l"O-tIArOS VI LILO STOCK represented ana
voting thereat Any member Of such associ-
alton entitled to vote at such meeting may
vote in person or by proxy: but no person
shall be appointed such proxy who shall not
holder SO appointing him resides at the time
of such appointment, except that stockhold-
ers residing outside of this state may appoint
proxies residing In any county in this state;
and no person shall be appointed proxy in
any case who is, at the time, an officer, agent
or employe Of any such associations; and no
person shall hold proxies to exceed five hun
dred votes for any such meeting.
Upon all questions to be voted upon at
such meeting the vote shall be taken by call
ing the roll Of persons entitled to vote thereat
with the number of votes which each is en-.
titled to cast and the vote shall be by writ
ten or printed ballot, the form for which
may be prescribed by the board of directors
SEC. Al. This act shall take effect and be
in force from and after June /, A. D. 1901,
and any or oil acts or parts Of acts incon-
sis tent herewith are hereby repealed
Approved April 23 1891