The La Jara chronicle., 1906-07-13
STOCKHOLDERS NOTICE
Proposed Amendments to the
Constitution and Bylaws
of The La lara Building
and Loan Association.
Ia lam. COlnrndo, Inly 2.

La lIru. Colorado. July =. l"H.
At the annual meeting of the stnC hold
crs of The La Jnrn Building and Loan
Association. to he held mt the office uf the
secretary, in La Jnra. Colorado, ON Monday
evening, August 6th. \. II. 1906. at O'Clock.
the following amendments to the Cpnsti-
tuition and BY Laws will bc submitted to
the stockholders for their adoption.
The petition for the proposed amend
mcnts is as follows, to wit:
To the stockholders OF The La Jarn Build
ing and Loan AssoCintion:
We respectfully submit for your tdop-
tion the following amendments to our
Constitution and BY Laws, viz:
CONSTITUTION.
Section one of article three, Of the Con-
stitutiou. amended to read as follows.
All persons tvcntS.-uue years of agr may
become stockholders in this nssnciution
and bc entitled to all its privileges as here
matter provided:
Minors fourteen years OF age or more may
hold not to exceed five shares, in their own
right. but they shall not have the privilege
of borrowing money ON their stock Until
they become of age.
section three OF article five. uf the Con
stitution amended to read as follows:
The Treasurer of this association shall
for the satisfactory performance uf his
duties. with such further remuneration as
the Board OF Directors may deem it best to
ALLOW.
Section one OF article six of the Con
stitution. amended to read as follows;
Each stakeholder for each and every
share OF stock held in this Corporation
shall he entitled to- receive loan uf not
more ;han one hundred dollars. such loans
to be disposed uf to the priority by ruht as
the BY Laws may provide; the borrower
shall pay the interest in monthly install
mcnts, and shall also pay all rccnrdu. fees
and all other necessary expenses Incl
dental to cNcctinE his or her loan.
] 1t is also proposed to omit the last sen,
tence OF section two. Of article OF the Con
stitution.
Section three of article six, of the Cnusti
tuition. amended to read as follows:
! Any stakeholder OF legal age may borrow
an amount OF money not tocxcecd the cash
value of his stock. upon the surrender ot
the same. without further security. subject
to the rules governing other loans.
/ 1t is also proposed to omit all of section
two uf article seven. of the Constitution.
by LAWS.
Section three of article one. Of the b,
Laws. amended to read as follows:
The annual meeting Of the Board %
Directors OF this Association shall bc hclc
ON the last business day of July uf caci
| year, for the purpose of receiving the re
ports of the annual auditing and amnua
apportiunmcnt committees, and for the
purpose OF attending to any and ali mat
tiers relating to the closing up of the YEAR,
I business.
1, is also proposed to omit the last sen
tcncc of section one OF article three. OF tn,
I BY Laws.
Section two of article three. nf the B,
Laws, amended to read ns follows:
] All new stock subscribed for after til,
beginning of the fiscal year must pay al
dues Of whatsoever description back to tia,
beginning of the said fiscal year includin,
fine of 1--WE cents share for the frs
month ten cents share for the secons
month, fifteen cents share for the thir,
month. and 50 on.
Section three of article three. of the B,
Laws, amended to read us follows: