The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-03-04

TO purchase q lot can acquire ona.09
tasy terms, and profit BY an Cd
eance in value to resell II.
s' LoANSi
The Mutual Loan and Trust Com.
pany will advance money upon real
estate guaranteed By first nortRags
at 0 per cent. per annum.
This interest shall DO paid month y.
", and the revenue afforded BY isssr
compromising may 60 into the prof.
il fund, (see below or utilized to-
increase the loaning capacity OF the
Company as the directors may deem
TO be its best interest. These loanss y
will be limited TO the Stockholders
Of the Company, and viii Be Trade \
upon the following conditions. 90
A certain sum recommended by
the. business manager, and approved
BY an advisory board. shall be, sst
aside monthly for this purpose. aadt
may be obtained by the holder 81
fonr az paid up shares In the Muss
tual Loan and Trust Company. M \,
applicant can require mora thai
800 upon every four (4} shArssF
held by himself N
!. Loans on real sstste includes hss G
advance Of money 10 holdenNof siStsss
inthe Middletown Land and I'm. 4
proyement Company, who skhlfDSs
entitled on subscription ID the abdsss
conditions TO borrow q sum mot sI..
ceeding $l25 and not less than.ty0
ON each, lot held;by tkenrinthss
said Company 's'if.! 'ses tssfs1sxsE :
epThiss MAXIMUM and minimsnss
lshall hold good for twtlsee try
months from the Organisation Of
THE Mutual. Loan and Trust Com
pany, but may afterwards besiss-
creased by the resolution OF tkAs
board of directors after che sexpiss--
ton of that time, providing tAns
current prices Of lots rshillH shssss
augmented in value. 100 Z. Z. -
n The business manager Of the Conzes
1 pany may reject the applicakien sfofr
n a loan if such rejection b in H.
! Interests of the Company md NJ
: ratified BY the advsors board m
! the directors OF the Compeny.s.
REPAYMKNTs OF sLoANss'S.,f
Y Tie, repayment, Of such J. losnss
q IshAll be made In monthly psJmeu1s.s
. of 10 per cent. on The anonnt Job I
2 tanned until, eompletion Is fnad q
Z the sum loaneds:s tn isas.sti'4eas;'s
d SAVING BlxK.s ~. y sa,..
n, /. The MntualL Loan and TrnstE Cen. d
pany Is empowered by charter todd
. a general banking business TssS afss
h A feature Of It's organization VIII
il be d saving Institution which viii
receive sums Of $1and mot excssd.:
ID ling $500. The deposits viii bs ~
eelyed ut 4 per cent. and ali pss.;
betsons whose deposits shall hase besa
left with the Company for tHslss
efl(iel months whl@' be- ensftisd -
participate in the Division efs25 ~
" lcent. Of the profits. earned by TIT
b, Company through tha ,nss Of r.
poslts in sddltionto 4 erscsut in
En terest. 'e7 1-t-s ~ - -. :,
We These deposits being strictly ioasl
ed. to the Company win NOD psstitipsts
DIS lin the profits and privileges of III
llyl regular shareholders. 20. = v 's.a''-''
= Isf7 1890 q co.,h,,lad ssar,d.ahns.
I've ally, on the LIST OF January and %
the LIST Of JULY. Depositors, drss-
ith ling their deposits win ;reccivesin.
Ms. tsrest only to date ofIfthss hsli
} Is yearly computation Of intefest py'
= yious 10 withdrawal. 'sss'.''-
III BUILDING LoAxs....s A.
Im- The Company not being. purslyi
building society will limit It's opsrs'
il. tions in this department tos nssist h
the the erection Of houses upon IN
IN property held By the stockh6fdeti
" OF the Middletown Land Ind I'm
r, proyement Company, :. g. I. :.
in The field here Is vast and ample
- There being q demand, to-dsysfs
~ over lO0houses' winch lis likely y
nsl treble itself In the near futufeL.ss,.s,
'uts Stockholders In the Mutual In,
and Trust Company only oah cob
,ttain the benefits Ok such loans upol
y The following, conditionss { .'.s.'
=, III The sum advanced by the Nstus
Ihs Loan and Trust Company for baill
,el hing purposes win be- svailsbis apc
", s the conditions above spcciaed n
% other loans. The sum, howeys
will be limited 10 two-thifds ,oE II
-, cost price Of the house thai IA
lu.n borrower may intend 10 erred. so
hsie lis repayment shall esgusrssk1'
= a frst mortgage. a. tf--ss-i go
The interest shall bee per zen
ma, Der annum, payable in. monthly 1
ana sediments, and The repaymanh
the sum loaned shall bssn sun1s y
c. Of exceeding : Per cent apos's 4
. s q Active Agents require
For further particulars .
\. sa n dress . ..,' 80 :
! =; :: THEEs b bT Fk6sF ,cil al.
ne Of :, - OrS r.. :, :.