The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-04-15

to purchase a lot can acquire one Oh
tasy terms, and profit by an adj
eance in value to resell it.
LOANS
The Mutual Loan and rust Com
pany will advance none, np.n ,g,ll
estateguarantesd by first ftgspeI
at 6 per cent. per annum
This interest shall belpid month
ly, and the revenue All ,nled by q
compromising may 20 init, he prof
it fund, (see below or nIis,ztsi Ia.
increase the loaliiilg capaci'y 81 tie
Company as the directors MAJ de ID
to be its best Interest. 'I.a Ioars
will be limited 10 the ST, klultef,
of the Company and will i md,
upon the following conlitin-
A certain sur, ree,maenlaa -
the business manager. lml aperny
by an advisory and sha III set
aside mont' .aztli ! r,,,ipi,p. =, d
mayta Ola I'd BY the huidrr Of
four 4 paid i shares IN IL lh-
tual Loan a Ernst t'oma,y. No
applicant so require mNrs than
500 upon .y ionf .la-s
held by h Si.f.
Loans 81 read state IL .iie ila
advance of money to hoiir. N lsis
In the Middletowr Ian, p..i III
provement Company, wIio s,.ail he
entitled on subscription III liz DO. I
conditions TO borrow snm not *
|ceeding Sl25 and not less than s5nI
On each lot held by th NJ III I'LL
said Company.
This maximum and minimam
shall hold good for twelve (l2l|
months from the organization Il
the Mutual Loan and Trust COM
pany, but may afterwards Be in
creased by the resolution OF tile
board of directors after the expira-
tion of that time, providing tie
current prices of lots shall have
augmented in va'ue.
The business manager Of the Com
pany may reject the appllca ion for
a loan if such rejection be in the
interests Of the Compiuy and i.
rallied by the advlsafy hoard ano
The directors of the Company.
REPAYMENTs OF LOANS.
| The repayment Of such loans
shall be made in monthly payments
Of 10 per cent on the amou { OBJ.
tanned until completion is made Of
ti,r sum loaned,
sAvIkG BANK.
The Mutual Lnan and Trust Com
pany il empowered by charter to az
a general banking business.
il 4 eature of ITS organization vii
BE- a saving institution which vii
receive sums of 81 and not exceed
ing $500. The deposits will be re
. celved at 4 per cent, and all per
sons whose deposits shall have beel
| left with the Company for twely
(l2) months will be entitled /
participate in the division of % pc
cent. Of the profits earned BY til
Company through the use Of al
|, poslts in addition TO 4 per cent in
, terest.
These deposits being strictly loan
! TO the Company will not psrticipat
! in The profits and privileges of th
regular shareholders.
. Interest is computed semi-annu
ally, on the LIST of January and o
1 the LIST ~ July. Depnsltors draw
ing their deposits will receive ii
terest only TO date Of the bal
yearly computation Of interest prt
r yiuus 10 withdrawal.
: BUILDING LOANS.
The ompany not being purely
building society will limit its opera
6 tons in this department TO assist j
: the erection u houses upon III
0 property held by the stakeholder
OF the Mhdletown Land and In
! pruyeneni ompany.
e The field here i sa.t and ample
8 there beins demand to-day f.
{ over lltih.u.rs which H. likely |
: treble i,self in the near future.
Stockholders 10 the Mutual Lna
and Trust Company only can III
I tain The benefits u such loans upo
the following conditions:
e The sun advanced ~ the Mntu,
I Loan and Trust Company for built
e ing purposes will be available npo
2 the conditions ahoYe specified "a
other l.ans. The sun, however
will be limited 10 two-thrds of til
D cost price u the house that III
e borrower may intend TO erect. an
is repayment shall be guarantee
y a first mortgage.
! The interest shall te 6 per cenl
per annnm, PAYABLE in monthly il
stallments, and the repayments D
tie sum loaned shall be in sums no
exceeding 8 per cent. upon til
amount loaned
Active Agents required
, For further particulars ad
! dress
! TIL MUTUAL LOAF
| ID TRUST CO.,