The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1901-05-09
scriplion, together with his share (pro-
RATA of the profits


rata) of the profits.
SEC. "a
Members holding certificate for five
| 90 or more shares of stock, and having
paid on said certificate in nstalments an
amount equal to the par value of one or
more shares of the capital stock, will
be entitled to surrender said certificate of
Of membership and receive therefore a
full paid stock certificate for the number
of shares he may be entitled to at the par
value of one hundred dollars ($l00 00) per
share. Any fractional part of one hun
dred dollars in excess of the value Of the
stock so issued, will be credited on a new
subscription, a new certificate of member
ship will be issued for amount and fee
of two dollars will be charged for each
share cancelled in this manner
| Capital Stock so issued will not be re-
deemed by The Company within twelve
month of the date of its issue
SEC. 25
In case of the death of a holder of Ger.
tificate of membership of this Company
his or her heirs will be entitled to receive
from the Company the amount paid to
its Treasurer on said certificate upon its
surrender to this Company, provided
notice of demise of such member shall
have been received by the Company with
in sixty days after death. Such notice
must be accompanied by the affidavit of
two reliable persons, one of which must
be the undertaken performing the burial,
setting forth the facts.
SEC. 26
Holders of certificates of membership
wishing to cancel the same and withdraw
from the Company, can do so by giving
ninety days notice to The Treasurer. AID.
plications must be made in writing sign
ed by the member on blank furnished by
the Company for that purpose. Said APP
pllcant will waive all claims to his share
of Cancellation
Members wishing to cancel their sub.
scription must continue payment of
monthly installments, until expiration of
limit of the Company.
SEC. 81
Certificates of membership on which
there has been paid twelve monthly in
stalmenls. Will be received by the Com
pany as security for loan of sixty per-
cent OF the amount paid theron. Ap-
pllcaLions for such loans must be made on
blanks furnished by the Company. Money
loaned by the Company in this manner.
will bear interest at the rate of twelve per
cent per annum payable monthly in adj
vance to the Treasurer of the Company.
Certificates held as security by the
Company must be protected bv the own
er OF the same, and will be sub iect to all
regulations and requirements providing
for forfeiture of the same.
SEC. %
Members of this Company borrowing
money on real estate security, or buying
land OF the Company may apply, If they
SO deslre, their certificate of mem bership
AS part payment on said loan, or the |
purchase price Of said land for the full
amount paid on said certificate.
SEC. 30
Provision is hereby made to redeem all
matured stock of this corporation.
Applications for withdrawal of paid IN
STOCK, VIII be made IN writing by the !
stockholder, on blanks furnished by the
Company for that purpose, which upon
their return to the Company will be |
mum oered in regular order, and placed on
hle. They will be taken up in the same
order as received, and paid rs fast as the |
funds in the Treasurey will permit.
SEC 80
Stock on which an application for with
drawal has been made. will cease to share
In the profits OF the Company, from the
date OF application for withdrawal.
SEC. 81
Certificates of membership or stock
may be assigned or transferred, but
record of such assignment or transfer
must appear on the books of the Com |
pany, and consent TO such assignment
must be evidenced by the signature of
the President or Secretary.
SEC. 80
Ihese Bylaws may be amended, or
repealed at any annual meeting of the |
stockholders, or at special meeting call |
ed Tor that purpose, by a vote of two |
thirds OF the stakeholder present at such |