The weekly Iberian., 1912-06-29

" lnsfallments OF tWGut \ tfNl.ii
per share per NcCk.@
And the "InetaIImont #h,,, f..
be hereafter issued. shtlt a.I.l
| for in weekly iugtallm"al 81 .#
least tWcutv cents per sts.rr,=-r. r..
| week. beginning With th" trr-t ,.u
urdav Of tho month ~ tseupu,l
Paid up stock shall b,.puI IL. ..n
| full at the 1ato of III tqut,
Minors, and married Wou"r nls@
hold. suhscrih" fcsJ transfer .ruf
withdraw shares IL tht maHr.g
prescribed ly law
On all shares pledged ~ alln.
tional security FOR real cgtal,. to.ru.
payments shall H." impuf,d
First to fines and the reiwt5al .,.
ment of monies paid to-, account .ul
shar, holders; 2n,l, Ia th" ~attl
m. Mt of interest due, .Ud 3rd. tt
installncnts ON shares, rrnN ii,p.
that the order OF 'u,put nftnft =wpr
hc changed ut the dlT.rrI Jt5. uf
the Board of Directors.
Whenever the Summing ehll..
representing any serloR. sNesl Iy
rt a.On Of payments OF tWrut1 -tI..r
cents per share per Worh IuG a,
rumulationa of profits hr lynrtE
the par Nalu" of two h,ludryd + lN
Loll,rs each. ana uh,ut<Mr .,r#
st alme,h shares" shall ~ reason
of p3,mcnts of not less than twin
" Genus per snare f'l N''.i ''
worm '',' P'' '.'''. 81 ON |ou
",'" ','' '"''N N,'i ''',l''
'h S"'n S"''''' H''''' ~, y l"'3''' q
~ SI''''''N ~ ~ ''""St'lH MnN
'n' '"''''S' o, '''' S"'''i'''"ite amor
me amounts cue 'n'f''"l f.hi "N
CT 70 'he ho'n,ts 'h't""' ''I'"h w.
sH'n'h"'' "' we ''f'''''a'' "' '"s
sta,'"''n' h""Ns '''t's'n''n& tanc
ton shall end on the last da, OF
each wear.
,
of each wear the Officers %, The A.
4ociotion shalt ascertain ti,, r.,rr,
;nsa Of the Association for lhe#rrr-
ceding term, or since tia. last siN
idcnd pcrinsi. and out n( surh earn
irrs they shall
ist, deduct all the expenses of
me Asso'''''on 'o' H''c'' '"''''
e,d .ot ,s;d, !, H.. ,,nI fo
,;,,..o,,t I,.ara s,,.h an ,,,n,,,,t ~,
,h",, 80. d,on, hos, uLiah fu,,i
sh,i, M ho ;,vo.t.d no ,I',octnd ~ ,I,,,
ponrd.
3rd, the balance of said earnings
shall be declared aa a dividend to
the shareholders in proportion to
the value OF stock Of each member
was declared. and all payments
made bctwccn such dividend nrri-
DDS. shall begin ia earn diyidcnda
from tho bcpinn;ng of tho ncxt
dividend term,
fa'n up STOCK ~ 20 r'c',N" ''N-
ca rate on interest," ana ~ ho' 70
Taruc'pate IN d'Vi"eh"s.
All dividends hereafter declared
under this amended charter, on
"runn;up shares' and "Jnst,lInent
shares" shall be considered and
treated as cash dividends. and
" withnrawable in the same manner
as nrov;dcd for the withdrawal Of
cas-" pay menus VI '''s'''''''''''''
PROVIDED, however. that as re-
CARDS past divId"nds' any share,
hOlder owning running shares
withdrawing after his series has
been IN operation one year, sha'i
receive as provided for in the
charter prior TO these amendments,
OF sucf dividends, only ten per
said shares for each year that they
have been in existence.
ana the amount remaining IN th'
ASSOCIATION on account o. such
"ithdrawals OF old stock shall be
cred,ted 70 unearned premium &C
count, ana the amount standing 10
the credlt OF contingent 1'lnd on
the BOOKS OF the ASSOCIATION on
January ISL, l9o', shai' 'lkeWiSe ne
credited 70 sad tund, ana winch
Of thc Roard IF directors for Off
setting unearned nrcnY;ums for
keeDing down the maturity period
of soii "runn;np sbareer and for
other nurnoses in connection with
such Summing shares,
have tho r;yht whcn doomed ad-
tn sane n.;d ma atock ON
the navmenk at ono timc Of one
hundred dollars Said n,;I M
atnck shalI hc tr,paf.rohle in ncr-
4on or bv written nowcr of attor-
noy and onlv ON tho hooks Of tbe |
4 ssoc;ation