The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-04

crimes. can apply for membership In the
association as an ordinary member The
member car be male or female. corpora
tions or communities. which are acknowl-
edged 10 be persons In law. Extraordinary
members are admitted tn the association
under certain regulations aud conditions.
All societies or communities. political or
otherwise. which have obtained member
ship are to be REGARDED as ordinary mem
bers without regard to the estate"
THE STOCK IN THE ASSOCIATION.
Each member has a share IN the net
profits o, the association Ia proportion to
the stock he holds for every member Is
required 20 pay an entrance Zee and to
hold stock. What this fee Is IS set forth In
the following section OF the RULES
THE entrance fee is fixed every year by
a COMMITTEES, OF the association. 80 per cent
OF tho amount received goes to shaking
fund and 80 per cent TO deiray the Office
expenses Every member must have Al least
| 100 marks in the stock OF the association.
| The maximum amount ot stock allowed 10
any oue member is 1900 marks but no mem
| Der may have less than loo marks. Mem
| beers receive loans from the association IN
| proportion to tho stock they hold Of the
| association. 4 member holding stock
! amounting to Joe marks is entitled 70 a
| loan Of jou0 marks: coo marks. 5po1 70
| 90 Gao marks 300 marks, 10000 to $4,000
marks iO0 marks $4,000 to $4,000 marks;
| 500 marks i5 Goo 20 tO000 marks go
marks $1,000 10 sd. 101 inarks, 200 marks
SO 900 to i0o oco marks 500 marks, lVpVup
20 10000 marks 900 marks. 10000 to 2o9.-
| 900 MARKS. 1000 marks 2Q0.ppH marks or
,rorn 4 member has a rght but 70 one
sr,.s-rir.,or and the stock ~ uutranstey-
XXI, 49, cos. az ih,, estate changing owners
,t,o ,er..,f ~ the hoard of direction. with
1j,i5,nas nm tho s,Dsks arc derived from
49,, a., ,r,tjts ~ ,hs ASSOCIATION"
''S .,,,,,-,,. In cprnrr
III Nl'A-'i AN"
The liability o. the members OF tNe As
gopmuor is e Joint ara general one The
~, -. NOV, ,hts ,.,j,,, fcci,res
..r,,., ..,,.r,t. ..,, io,,t Iid,.l,tv ID, the
- .. -. ,...,,,,' ,,,, rr,..ii, Of ,,. a.
,... ...,,,. ~, ,,, ,,.,., mini ,ii ,bo
AVAILABLE rropcrty and interests u thc as
-oDiatioa have ben exhausted. iiier the
property 81 ihs association mas uleh g
nalstcd the dr'loit remaining '.NSe 20
covered uy IN" SOCK OK '+" ul"ul' t's' IL
The fioes 81 ihe iae'nlri' Goes n'l cover
,he 'latt Vi.S OF tue aS.o 'S'on '.'t N.''l-
iefs may o. he1 no. mAA" 'a5 il'F lrS
iuHif tIo rata AhHi me atpla "a tHs "'e'-
f'e.."N are sAtIsAtu
Iherr are I'VE CLASSES % oredit 10 mem
int irrc.e.,,lltc mort cures. leans not
arnonr,iuc 10 moro than twc.rhiris 81 the
thnu tso-thlriis ~ the value of the estate
Value af tho estate
tbl Irredeemabgo loans 10 communities
Or unions without mortrarc hut uuler
dul. drawn ohirauons - the community
lA ltred,ciuahIc loaLs OK mcr' glecs ON
est4te. cmnunt - Loan not e5,e iius more
tal rime MORTGAGES or estate. value uf
ihe sio'k ~ tho former owner, or as much
u.s. ',' ''.','' .i.,. go ir'',ag',.
sno-f..re no, moro ihun three folrtrs Of
the value ~ the estate
80 loans male .e eN:iloriioaiy reIn-
~, F '''''' ~
,.,.,,, .,..,.-. rae. ,,,
49, hNFi-NiNA' IN THE ~ Laws.
l. explaining tho iircloemnble leans or
mortgages II IS stated IN the bylaws that
-,s1r.,-.,ll,. losos ~ no, ~, ls.,,.l rra,.r
7ao ,.ts NJ. ,,,,,,.... .,.
'N' M+f"S' rue association grants the
loans oh merlsss"' The association then
,hauSs n.ortsaAe certificate. Hlau'nteed
IS the association anN secured BY he mort
BaEt hese ser ii'al's are sold 10 me
puDic ana are Hst'1 on IN" STOCK e+chnngo
'.,N' b'.''nu''t' authority