The La Jara chronicle., 1906-07-20
STOCKHOLDERS NOTICE
Proposed Amendments to the
Constitution and Bylaws
of The La Jara Building
and Loan Association.
ID Jnrn. Colorado. yuI,. 9. lo

La Jarn. Colorado. July ,. lHsi
Vt the annual meeting of the stockhuII-
crs' Of The La Jurn Building and Loan
Association. to he held at the Office Of the.
secretary, in La Jnra. Colorado. on Nouduy-
evening. August 9Th, y u. 1905 a; 5 o'clpck.
the following amendments to the Cousti-
tuition and by Laws will he submitted tp
the stockholders for their adoption.
The petition for the proposed amend
ments is ns follows. tu-wit:
To the stockholders of The La Jnrn Build
lug. and Loan Association:
We respectfully submit for your ntuI-
tiun the following amendments to uur
Constitution and BY Laws, viz:
CONSTITUTION.
section one OF article three, of the Con
Stitutiuu. amended to read as follows:
Ali persons twcutN-oue years of uGc MAY
become stockholders in this nSSociutiuu
and lie entitled tu all its privileges as hcrc
matter provided:
Minors fourteen years of age or more may
hold not to exceed five shares. in thciruwu
right. hut they shall not have the privilege
Of borrowing money on their stoCl, until
they become of age.
Section three OF article five. nf the Cor.
stitutiou amended to read aS follows:
The Treasurer of this association shall
receive the sum OF five dollars per month
for the satisfactory performance of his
duties. with such further remuneration u-
the Board uf Directors may deem it best to
allow
section one uf article six. of the Con
stitutiou. amended to read as follows:
Each stakeholder for each and every
share of stock held in this Corporation.
shall bc entitled to receive u loan of not
more than one hundred dollars. such loans
.ls.~
the By Laws may provide; the borrower
shall pay the interest in monthly install
ments and shall also pay all recording fees
and all other necessary expenses Incl
dental to cNcCtiug his or her loan.
1t is also proposed 10 omit the last sen
teuce of section two, of article of the Con
stitution.
Section three nf article six, of the Consti-
tuition. amended to read as follows:
Any stakeholder Of legal age may borrow
an amount uf money not to exceed the cash
value OF his stock. upon the surrender OF
the same without further security. subject
tu the rules governing other loans.
1t is also proposed to omit all OF section
two OF article seven, of the Constitution.
by LAWS.
Section three of article one. Of the By
Laws, amended tn read as follows:
ne hiliillht illttllilE bl Inc BOARD OF
Directors OF this Association shall lie held
on the last business day of July Of each
year, for the purpose of receiving the re
ports of the annual auditing and annual
npportioniucnt committees. and for the
purpose ot attending to any and all mat
tiers relating to the closing up Of the years :
business.
1t is also proposed to omit the last sen
tence Of section one of article three. of the
by Laws.
Section two of article three. of the BY
Laws, amended to read as follows;
All new stock subscribed for after the
beginning of the fiscal year must pay all
dues of whatsoever description back to the
beginning of the said fiscal year. including
fine of five cents share for the first
month, Ten cents share for the second
month. fifteen cents Il share for the third
month. and so
Section three of article three. of the BY
Laws. amended to read as foliows: