The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1913-02-08


Ii is proposed to organize at one
and put INTO operation thorough!
ul-to-date mutual OF cooperative
institution under Florida laws, Il
be governed ~ hoard of directors
ei.vttu By ballot hy the stockholders
tho one To have over % vOteS), un
Ger bylaws providing methods ant
procedure adopted b. those wnt
Know each others needs and those
q The community. and whose ain
/ Tie interests OF themselves and their
hei2hDors
Ihes, Institutions are proveraI
,.l, saie, and breeders 81 thrift for
small >..esrs and Tor all, because
economically maua ~ and their
funds oanrd upan ample srenrit,,
.s PASSED u.oa "a e.esen commit
rs II, lla a.e suffer ~
inAs, an4 l a.e .ae laoh =.
funds, pt'tJls III, a.tar paN r.
uIarly add muGiai, ,hf.N from
wages. salaries Az. pti.el regular
though small incomes, y hose loan,
are mostly secured by first mort
cages on their homes. 50 that great
care is taken that they may not be
endangered hy defaults in payments.
The Office is kept open during reas
enable business hours every week
DAY. and Saturdays till : y. IN. 10
make il easy for all classes to pay
dues. II is a notable fact that the
foreclosures OF these associations
average hui one and a half for eaca
per year the country over. with their
hundreds of millions Of dollars in
ilrst mortgage loans
II We can commence operations
" u A-h.o'h or more loall;:DI,
funds. per cent dis idrnds may ht
counted on the FIRST Year even ii
TIL, secretary has to receive Il salar>
ul but So per month for the first
SIX months period Ne, this is NOR,
than most corporal ions for profit AZ
n ~ MA IA
FIST year OF operation And the rra.
dividends Of paid NJ stockholders
are far more than this. il property
owners or residents, from the i'm
prtus given 10 all legitimate bust
rcss, and the leyrling up process and
hcttrrment Of conditions among thu
Nage-rarnlng classes OF course paid
up stock pays no monthly dues but
earns srmiannual dividends, and
MAY be withdrawn on 60 days no
tice, or even shorter, by consent Of
the board of directors
For the benefit Of all classes Of
members the stock is divided into
three classes.
Paid np stock. for investors not
wishing to tic up their funds foi
long. yet who may receive at lcasl
: per cent dividends, besides tle
great satisfaction OF helping tlief
less favored fellow members to DO
com. independent and to serure
homes Of their own, and al the sam,
time 10 greatly benefit the city ~er
orally. including themselves.
Running stock is for those Wis
ing to regularly save somcthinG
more or less. hy paving monthI>
dues of $l.2a tor more if desired or
each Sl0n share until these, togcth
.r with the semi-annual + per cont
TO 6 per cent dividends thereon pre-
duee 800 per share. when they VII
receive the cash. or paid up stock
they desire or with the cash tax"
loan stock and borrow money In al
ditiOn to build home or To enter
into any desired enterprise; or the
savings may be withdrawn for emrr
aencies practically at will
Loan stock is taken only by thos
to borrow money at the loa
rate of per cent with the privilr.,-
o. repaying in monthly instalmen'
OF only 1925 for every 800 of stoch
taken or money borrowed. whirE
small sum also includes interest at
each 800. The right is given tg
pey off ono or more hundred iol'