The La Jara chronicle., 1908-07-24

the reports of the annual auditing and an
| nuai apportonment 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. 3. 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.5 The borrower may take loan
for one or more shares. He or she shall
| at the same time submit full description
of his or her property offered as security
with the estimated value and income, and
such other information as shall be re-
quired, and at the time of receiving the
amount loaned. shall secure the repay
ment of said loan with interest and dues
| as provided in Sec. 2of 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 collat-
| eral security, together with the policy of
insurance and n full and complete alb
\ stract of title. when upon improved prop
erty. If the monthly installments or in
terest ON "A loan be suffered to remain un-
| psfid lpi Il period longer than the time spec
i flied i'll 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
| ings on the note and mortgage according
| to law.
Section seven of Article four of the By
laws amended to read as follows:
| SEC. l. Nominations for Directors shall
be made at the stated monthly meeting of
the Board in December. or at a special
meeting of the stockholders for that pur-
pose.
Section one of Article eleven of the By
| Laws. amended to read as follows.
| SEC. !. 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 be to audit the books
of the secretary and treasurer as soon as
the business of 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
cenlber 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 as the business of the year can he
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.
! IA 4
kaNaleC. b. l.. Van Nechten. l.. ]. Murphy,
| NJ. +. Mosier, Iva l.. Seyfer, w. w. Seyfer,
| Leroy Wilson. Thus. McCunniff.
| All stockholders are earnestly requested
to be present or to send their proxies.
{. IL. WILDER,
Secretary.
| Last publication July 81. 1905.