The La Jara chronicle., 1908-07-17
STOCKHOLDERS NOTICE
Pr opposed Amendments to the
Constitution and Bylaws
of the La lara Building
and Loan Association.
La lara. Colo. July 9. 1905.

At the annual meeting of the stockhold-
ers of the La Jara Building and Loan As
sociation. to be held at the office of the
retary. in La Jura, Colorado, on Monday
evening. August 3. y. ID. 1905. at O'Clock.
the following amendments to the Con
stitution and Bylaws will he submitted
to the Stockholders for their adoption.
The petition for the proposed amend
nents is as follows. to-wit:
BYLAWS.
Section one of Article one. of the BY
Laws amended to read as follows;
SECrION1. Stated annual meetings of
the stockholders shall be held ON the first
Monday of January in each and every year.
for the general transaction of the affairs of
this Corporation. at which time the Secre
tary shall submit report OF the proceed
ings nf the Board Of Directors for the prev
ious year and n statement of the condi-
ton of the Association.
Section three of Article one of the BY
Laws, amended to read follows;
SEC. 3. The annual meeting of the Board
of Directors of this Association shall be
held on the last business day of December
of each year for the purpose of receiving
the reports of the annual auditing and an
uual apportionmcnt committees, and for
the purpose of attending to any and all
matters relating to the closing up of the
years business.
Section three OF Article three. of the BY
Laws, amended to read as follows:
SEC T. The fiscal year shall begin ON the
first day of january and end on the thirty
first day of December of the calendar year
following.
Section three of Article six. of the By
Laws, amended to read as follows:
SEC.3 The borrower may take a loan
for one more shares. He she shall
at fYI "A
of his or her property offered as security.
with the estimated value and income. and
such other information shall lie re-
quired. and at the time of receiving the
amount loaned. shall secure the repay
rnent of said loan with interest and dues
provided in Sec. of this Article and
Article VI. of the Constitution. and for
each loan of one hundred dollars he shall
in addition thereto transfer one share of
stock or more TO the Corporation as collat-
cral security, together with the policy of
insurance and full and complete alb
stract OF title when upon improved prop
crty. If the monthly installnents or in
tcrest on u loan he suffered to remain un-
paid for "a period longer than the time spec
flied in his her trust deed to public
trustee, securing said loan. the Board of
Directors may compel repayment Of the
principal and interest by ordering proceed
if1SS ana HCtbr1fn&
to law.
Section seven of Article four OF the By
laws amended to read as follows:
SEC. I. Nominations for Directors shall
be made at the stated monthly meeting of
the Board in December. or at special
meeting of the stockholders for that pur-
pose.
Section one of Article eleven. of the BY
Laws amended to read as follows;
SEC.i. At the regular meeting in De
cember (or an adjourned meeting thereof
the Board of Directors shall appoint three
auditors. to be selected from the stock
holders. not officers of the Corporation.
whose duty it shall he to audit the books
of the secretary and treasurer as soon as
the business ot the fiscal year ending De
cember 3lst can be closed up. said auditing
committee must submit their report at the
annual meeting Of the Board of Directors
held on the last business day of December
of said year.
Section two of Article eleven. of the BY
Laws, amended to read as follows:
SEC. . At the regular meeting in De-
cernbcr Tor at an adjourned meeting there
OF the Board of Directors shall appoint a
committee of three stockholders to appor-
tion the earnings among the stockholders
for the fiscal year ending December 3lst as
soon the business of the year can be
closed up. Said apportionment committee
must submit their report at the annual
meeting of the Board of Directors held on
the last business day of December OF said
year.
Signed: II. o. Ellis. c. II. Wilder, X. J.
Kavalec. Il. l.. Van Vechten. L. J. Murphy.
N. f. Mosier. Iva l.. Scyfer. W. W. Seyfer.
Leroy Wilson. Thos. NcCunniff.
All stockholders are earnestly requested
to be present or to send their proxies.
&. II. WILDER.
Secretary.
Last publication July ~. 1903.