The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1898-10-01

,.-...,.,r hall nresent certificate from Tue
uutiiii f engaged In the work, ceruueu " ~
~ chairman of the valuation committee ol w w
hoard OF directors of the sum necessary W. Wv
pulP',iU, The valuation committee shall
t,ane tbr right t0 require any borrower " IL
"fga.e his security fiat any TIME lheS nnu ,ut
value OF The same depfeclateu neluN 'nv III In M
drst accepted by them rs bulhetehst NJ, ths ber.
JsV. aTter notification of same unless llu . ~ -
r"Jver shall reestabish the value ~ ineieaaii,e
me nrbptrty or repayng part OF lle losh' tnu
hoard eli directors shall nave lhe tlkht ms
geed against such borrower and MS seeuilues
A, per terms OF contract .,,,o. ~, which
-" fRTieEI VII Section l. shares on Naltn
loans have been may be transferred, suhleet 20
the rights Of the Association IN wy ~
manner. First when the Assignee u .no p W.
chaser of the m0rigaged premises 'ne s. ,,sI,, :
may be transferred 10 him upon ms ASSUMING
the obligations of the assignnr ana hee9lhus y
member of the Association eohui WI pu u,,
chaser OF the shares may su0sl I'VE, ~ us on w.,
expense, other property 7stslaclurN 70 Wv
valuation committee, rs securtY for the loah
when the first mortgage shall ." cAnceleu any,
bestowed Third the moltgAt f,py puyluh WV
amount Of money loaned, VIII ~ interest," u ",
nay receive back his shares as 10 TRANSFER
'' Section2 on the arrival any minor g
the age Of u years the board directors may
transfer TO him or her the she OF s'osh ue9
in his or her name, aud they all be enutieu
to all the privileges of stOckh1 lers
section / Members who TT sfer their share,
10 fhers must do 50 on the anster books o.
the Association, snrrenueFri5n 1is o'i'u'"'''
and paying transfer fee OF - ms -.
ARTICLE VIII Section l. Wheh the assets y,
nfthls Association, as shall t' determined by
the board of directors, SHAH reach inc pr
valnp of ali shares of stock Of any one series W
farce the affairs of such series shall he put IN
Humiliation, and each and every memuer OF
sueh series shall receive the iull par Value on
All shares held by him or her, either IN cash OF
n his or her own securites, aud all liens OF
record in such series shall be satisfied and dis
hArged Provided, however, that no STOCK
holder shall be entitled to have his or her secu-
rifles returned. or liens of record against nm
satisfied until oil dues fines and DINER clla lGes
which he may owe the Association are paid
section . No member shall be entitled 10
bid on or receive q loan, nor TO vote on any
question whatever, who Is In arrears Tor hls OF
her monthly nsalments, hnes, uues OF any
XRTICLE ia Section / If at any time
there should be surplus fund On hand not de-
| sired by members rs loan, the board OIL 81
| rect0rs may invest the same at their discretion
lor the benefit of the Association, but TINS shall
| only be done by a three-tourths vote OF nll the
| members of the Board
| ARTICLE Y. section |. The laplllles OF
| stockholders 9th Association shall be lint
| led to the unpaid amount of stock OF such
HRTICLE N. Section /. The domicile oil
| this Association shall be In the CITY Of Green
Vile Miss; but may be changed at any time
| by n majority vote of the Board OF Directors.
ARTICLE XII. Section ! Books of sub
| scripiion may be opened Immediately after the
| approval OF This charter, by any two or more
oil the incorporates, in such place MS they may
| designate; and when five hundred shares shall
| have been subscribed, the subscribers shal
meet and elect Board of Directors. Saie
| Board shall fix the amount necessary to BIZ
| paid in before business is C0mmencedi anl
snail fix the date on which the first monthly
| lnslallments shall be paid.