The La Jara chronicle., 1908-07-31

the reports of the annual auditing and an
nual apportionment 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.a The borrower may take a loan
for one or more shares. He or she shall
| at the same time submit n 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. 2 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-
eral security. together with the policy of
insurance and full and complete alb
stract of title, when upon improved prop
erty. If the monthly installments or in
terest on IA loan be suffered to remain un-
| paid for a period longer than the time spec
flied in his or her trust deed to public
trustee. securing said loan, the Board of
| Directors may compel repayment of the
principal and interest by ordering proceed
| inrs 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
I La nf he stufp hi tpat in of
the Board in December, or at IA special
meeting of the Stockholders for that pur.
pose,
| Section one of Article eleven, of the By.
Laws amended to read as follows;
| SEC l. At the regular meeting in De
| cember Tor 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 il shall be to audit the books
of the secretary and treasurer 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
| cember Tor at an adjourned meeting there
| of the Board of Directors shall appoint q
| 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 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
Kavalcc B. l.. Van Ncchten, f. J. Murphy
| NJ. f. NIosier. Iva l.. Scyfer, w. w Seyfer
! Leroy Wilson, Thos. McCunniii.
! All stockholders are earnestly requested
to be present or to send their proxies
c. ii. WILDER,
| Secretary.
Last publication July 81. 1908.