The Jennings daily record., 1902-07-12

er thus In de10ult nlas j lave the penalty
therefor remitted by paying twice the
amount which he owes at the time Of
settlement.
8. T. .ch share OF stock which has
been in tore. for sixty days preceding
any stockholders meeting, and repre-
>ented thereat, shall be entitled to one
vote; provided that no stockholder
shall he entitled to more than twenty
FIVE votes in his own name, irrespec-
tive of the number of shares held by |
him.
9. Any holder Of running shares
who shall, Tor u term OF six months, |
fail to pay the weekly payments onhis
stock, shall by reason of such failure,
and without notice, entitle the Assocl- |
alton to cancel such s Ock, and, from |
such time, the amount paid thereon. !
together with the accumulated profits, |
shall cease to draw dividends, but be
held subject to the order of such par
| ty, and he shall I've SO notified by a
notice mailed to him: aud in case he
| shall not within one year, call to re-
ceiva same and SURRENDER the certid-
c.le. the said amount shall revert to
and become the paoperiy OF The Asso-
ciatiOn.
| 10. shareholders shah have the
right to Withdraw from tie Assotia-
!
the accumulated profits due thereon at
the preceding dividend tine, less any
charges and prouOriion or losses, ii
any. upon fling written notice OF
Withdrawal, whlcL shall ;:e regis
tered by the Secretary in the or;tv. of
their recu. p:: and witild"aw,nw g., re-
hUlGerS ~L~ii tr laid III ro..t uL, a $
registered. .,ip - lie iirst uuappr
prlatee, latul. ~ t.4,s treasury.
Pro iaed. thaJ nos more than oLu
hal. the ntontnir receipts shaiieve.' be
used tor The purpose OF llqutu,tin2
Withdrawn, matured or paid up shares,
un.ess there should be an Over accu-
mutation OF Iunds which can nos tie
ioane in the usual ulannsr upon real
estate.
ii. Should there be an over accu-
mutation of fuud:, beyond .he usr W
the Association, X the board snall nave
the rlghl to call IA uupieased shares
iOi' redemption, provided ihat PAD up
| shares shall he c,si4eu III ilrSt "a the
reverse order OF their issue. a..d si4al
be tCdeemcd Tor face val,i~. pius inter-
|, est lOr the tine intervening Sulce the
last dlvtGenu, uo tne same rae as tie
las. dividend uetiaI ed: and should iii
paid ~ shares be redeemed. ti,:su r>L-
tnin4. Snaies may iJe cai.eu IA, bnc old
l e:.. ,ilares. ~ be redeemed NG,D aha -.
! Gheir M.tluraha! value P4Hs .A.tiest
: iOr tie t.i!ie ihteIN enlnS siAcc IA: tate
/ OF tiii. last ttiN,0en,, at The -a!.e Ta'e
$ as ,tte iaot diVit>~..d declared.
a l.. Du Viie ue.tti of at.s etucNEt!t-
! Ell. whose ,it.teS ore not ptGu ;.ca - TX
= A,.url,.U U.uH, his CT Ser teEut 'S!,tr-'
Z enlutl,eS shall ha pnttt.et. ~ r.ce!V,
in Ga >t4 ihe wlti.!.@~ai \.i,c 9, ,iis
sn..l>s III lnc ,Alne q tne iA>u pa. .:.@n
y a 80 Ii
g .4 less. aav Iu patu nnes on .iiaI.ae:-. ~,
- suu! t@s.eSeu.21i>ts -n>.J ite tIA..I@;
:" 90 vnhei. !, ,anster SAID shares lu. .>t4-,.
:, when legally an hut iZ&u SO 10 90. q
- 10 cuutlntte the same by the payi.., q
;, ut the weekly iIStui neits: ptoVtus0
!" that said shur~> sha ii ne Witi1ut ..Wi
=. W transferred, or Hotlce given uicUn
~ ilnuin1 Wlliiln SIX months .ltHt loiIoW
8 ing such Death, and in uet;.ult OF IN
:. Jiua within that time. s;tlu shs,le> shui
- b.. treated as proNldco lol' il. p.ir;;
AZ graph Uf This article.
Is. shares shall be transferable
'" aud duplicate certificates, l>ats.u IL
~ lost certificates Ia such A.t,s"Ecr /;
ss max be prUViu> Il IN The DE-L.t.WS.
IL. On Jan. 1St ai1I Ju.y ISL Vt eac
Va year the BOartt OF Lrec-ufs shall -
-. certain the earuliGa Of the .AssoHI';tio
W iur the proceeding six months, ,;ihu ..
> ol s.ch earnings tDey SHAH llj aeuut
- all OF the expenses OF The assuclauo
tor such time: e. Set aside 10 Tie ini
( T. cUntln9eH osses, Suc'i al uninnl
,u q, they may deem BEST. nntl such cui
ttupens tLnt equals live per celltUl H.
es entire outs. .auGins mortgage loan
rs which fund shall t;e invesi,t, asdirec
at Cd by the Eoard: ~ the oa.auce {
b. SAID earnings shall be ucciA:ett as
n, u dlylGend 10 tie silarehoiuers i'll ii
proportion 10 the value nj stock
on each !uelber at lhe lime the pleceull
=" d dvioeua was declared, and ali pa
m meuts made between suru dlvluen
ia periods shall begi+ to cara .lriden'
at from the t,e. inning OF The nsNo sen
,rI. annual Term.
H. IL. rhe dividends declared on ru
Is ming stock snail be cfeui.eu on |,
le pass books oi tic members selu,-a
nG nuai,y, and tue olvideuds Oh patu
on stock .,hAl. ~ IAid ia casa on I
~ luu.ln .Iunual II january and Ju
IN OF each y ear.
LhF ARYICItEE.
All
eir The corporate p0wers OF the Ass
,nt ciatton shah be exercised by Eo"
att OF Directors toconslst OF hneen stot
or hotGers, each ot them owning at le;
ich i've shares IN his own niuie, VINO sh
sue To- tiecrcd ny Ine sCoChnoAueis ON
bic .uurpll .Iunuay in July 1893, aud !
res uual!y thereafter. Any stocknoit
or ceasiLs 30 own i've shares shall II
tts fttttO r.lcate has seat.
IA. Nu,ice uf s:a,o election shall be glN
.f isi the space ol ten (lO} days, 10y ~
,aw i,cu;ivu in one OF the aally ne'
,uu pupers published in the city Oh j.
a. u1I.us. Said election shall re Oy u
me lot, and shah be held ut tiie duniis
on OF lnls corporation, under Tie sup
the Vision VI lure shareholders "ppoln
cen DI lle bOl u VI Dlieceo's "' oiie
| ~ ......H NM l,pnnial. mpcllu. IlerS