The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-03-15
CORPORATIONS.


Building and Loan Associations Others
Corporations.
s. -GiTord-Provides for the regu<
lation and supervision Of foreign and
domestic building aud loan associations.
the making and filing of stste~
ments of the condition and tha
examination OF the affairs of tho
companies. 4 statement OF such a COM
psny must be filed with the auditor OF
state. setting forth the condition of the
company, the amount of capital stock, the
liabilities and assets, the fair cash value OF
all the securities held by the company,
the character of the liabilities, the par
value and the amount OF assessments
chargeable on each share of stock issued,
the proportion OF dues or assess
ments credited TO the loan
fund, or other fund, when such dues or
assessments are payable, the amount OF
premium and interest charged on loans
made by the association, the amount OF
interest paid on debenture, and any other1
information as may be required by the
auditor of state. In addition its articles
of incorporation, properly attested
bv the officer of the state In which
it was incorporated. a copy of the
laws and rules governing 1t and
and each of the several certificates issued
by il shall be filed as above provided. 1t
shall conduct its business in this state &C
cording to the state lava. II shall de-
post with the auditor of state 100000 IN
cash or bonds. Upon compliance with
the prescribed regulations license shall
be issued by the auditor, and as long as
the regulations are complied with the IL
cense shall be in force. But if. In the
Judgment of the auditor the regulations
are not complied with, the license sh all
be revoked. In effect from April, SO.
Increasing Capital stock.
II. 4S1-BIair-Authorizes and en-
powers railroad companies TO increase
their capital stock and providing the man
ner of so doing The consent 10 an in
crease shall be in writing aud certified
copy of the resolution shall be filed in the
office OF the secretary of state. Emerg-
ency.
Voluntary Organizations.
S. 230-Mc Hugh (Tippecanoe)-Per-
hitting the formation of voluntary or
CARNATIONS of all sorts, and permitting
the adoption OF any seal the persons vol
UNFAIRLY associating themselves for any
purpose. Emergency.
Incorporation of Companies.
S. -Leyden-Permlts tn organiza-
ton and incorporation of loan and trust
and safe deposit companies. requiring
such companies TO have a capital of
at least 100000 paid in before
beginning the transaction of business.
The incorporators must number ten. The
board OF directors must be at least six aud
not more than twelve. As soon as the or
ganization is complete and the capital
stock paid in the board of directors shall
file a statement with the auditor of state
setting forth the facts. The corpor alton
shall then have full power for the trans
sction of it's business. Emergency.
Loan and Trust Companies.
S. SlS-Thayer-An amendment to sec.
by an act of 1885. Prescribes the
way in which loan and trust companies
shall affect their loans, and stating that
the bylaws of the association shall tx the
methods of loans 10 members.
Building Associations
ii. 360-Yaryan- all building
and loan associations heretofore ss-