The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1898-09-24

lever, iuas parents co. guardians may h1lu STOCK
Tor Wluef ln manner crowded b} law
section 8. 400 rert lgst.a uf stock must Dee
signed hv tAc President AID attesied by the
| secreisrN, with he seal OF the Association lt-
taUAe !. and nIRt %. numbered and recorded.
sacNrn ., iu'ach share there shall be puiu
IT, monthly irsta'iment IT one dollar, iu adj
/ FHHat. Per un- wishing % lake stock In any
one -t les SHAH pay uu all iusullmeuts which
! ma. q. become d"eur such series, together
No M
! ARTICLE ~ Section I, The Affairs ofthis
! Association SHALL De- managed by a board of Z
] directors wis shall he stockholders Of The As
| ISOLATION. and four of whom shall ALWAYS be
nom borrowing stockholders, said directors
| shall be elected annually AT such time and place
| AS the bylaws shall provide; but if at any
| time four Of said directors shall become bOr-
| rowers from said Association, then the Office
| OF the last director borrowing shall become i'm
mediately vacant, and his successor shall be
| elected at once as hereinafter provided for
| Inc election Of directors shall be by ballot,
| allowing one vote TO each share, Stockholders
| not personally present may vote by proxy,
made IN writing to The persons representing
| them ri the said election.
Section >. The board of directors shall at
| the first regular meeting OF the board succeed
! ing each election choose one of their number
| rs resident, and one as vice president They
shall also appoint secretary, treasurer, and
an attorney, or attorneys. and such other Oili-
GERS and assistants as may seem TO them nee
| essBIy, prescribe their duties and A. THEREON
pensutiOn; and they shall require the secretary
| tee company to be approved by the president:
the secretarr2s bond shall be in a sum oil moi
less lhan three thousand dollars, and the treas
urer' bond shall be IN Il sum not less than
i've thousand dollars; the condition Of each ct
said bonds shall he for the faithful discharge
Of the duties OF each Of their offices RESPECTIVE.
~ hut Tue b9ard may Il any time increase the
board shall have fail control Of all books ru-
pera and property of every description belong
Ing 10 the association, and the bOnrdshall sub
inlt % ihe stockholders al each annual meeting
complete report OF the Associations condi-
ugn and Of the transactions dnrng the year
section The board Of directors shall have
power 10 make 'nd adopt such rules and by
.e's l me COVE nmeui Of the association a.
TINY may deem cNpedIent, not repugnaut b.
tbis chafltr.
SECTION T. vacancies in Tie Bond shah bc
filled by election, as provided in Article ~
Section at special meeting to be ca led by
me president for that purpose
ARTICLE V. Section The president shall
aHnuallY at the first regular meeting Of the
board after the election appoint from their mum
Der finance committee Of three, whose duty
y snail De TO act IN conjunction with the pre,f-
dent, TO examine and audit all claims against
the Association. They shall report in writing
at the last monthly meeting of the corporate
year, giving full statement of The financial
condition of the Association to the board of di-
trectors, ana amaJorty of the committee shall
be competent to act.
Section 2 The president shall. also at fine
same time and in the same mann r appoint !
I0fHp whose
shall he to examine and dateruin. az ~ ~
ali securities offered IA tba ~ Nnlae OF
port { cir conclusions to fhe 11restJant o,I q
nance committee for actia,, a $500 ''s ~
committee shatl he comneten, ~ m,aJorl'y Of the
Section 4 Tho u6ovi cnn, ~ ~ - - 49,
such rules for their governnan a. my ",opt
see fit, not contrary to this charter and bylaws
ARTICLE VI. Section ! At the stated
monthly meetings the Association the funds
on hand, il amounting to one share or more
shall be offered for loan aud The stockhoder
erence or nrority n in p ior we PREF
receive a loan az two Iundrad ~ ehsltieu 70
share of stoci- beld y ny et uoLeIS ilr eac1
good and omnia secDyitS bnll M anu
ho,o nI, 90 ny silall De given by the
T coee No Gor.ro,S iiiJnt ~ mt loan
81 rioe ~ XIV ~ nnall lesiect 70 oueI Sc
ractIrS 80 ~ ~ abpippfeN ~ tne poaru OF ul-
.,,orti :, ~ 1919 ~ - 9nat pe cnIr%eu WIN one |
hat may .nrred and the ' Many "nS e 5oi
,, ~ Ia Ii,'y SuI.eH aip the money snail be
S Cti aV 7, nv , neAt stateu meeting
rnenfs tt t9 e ~ l ilet 81 install
iaGnt2 -. llV'Icst TOT the pelIou OF Jhree months
pnf ic MN u aaine WHnoul ueductlng the premi-
~ Pnt "a esi on saIIe may ne enforced
~ PlooSeplnI Oh tIlelr securities according to
MIA od t4 ~ p nn9er Whlch the loan
ef to extend Ii such payments except by consent
d ."o- tIi . - me S,ochhoiaers expressed at
q sPeeI.ti HleeIhs caiIeu " thS president Tor
-hSl purpose
, section . interest on all loans shall be at
me rate o. leh per cent per annum from date Of
o"t q, sIlo amount Hctuaiiy lpaueui ,hd snail
pc pad IN monthly nstallments at the same
5ilne ana place tnal regular dues are paid
ogctloh = All lees Tor eNamihation of titles
I0l iohHa, anu preparing ana recording papers
shall be paid By the borrower
seetlon p When member receiving a lOau
leslfes 10 nNlu Or improve property the money
may be advanced in sums necessary for the
prosecution Of the work until its completion,
ne Association executing an agreement 10 that
snecl NJ ltS own eNpence In such case the
borrower shail present certificate from the
iu I enBHSed IN tle work certified to by
ne CHAIRMAN OF me valuation committee of the
board OF directors OF the sum necessary for the
purpose
section Inc valuation committee shall
rave the right to require any borrower TO in
.rease his security lfat any time they find the
lays after notification Of same, unless The bor- ~