Montgomery County sentinel., 1962-10-04

XIII. HeIG'Ite, n,1 I yor,nee M'ar M'5
,oc;et;o,. ~" ~ Iii 'S.s.s S... Ion' sa.n ~
o6i;aotrT .,sos, w 49,, r''sv'S 80. 0o XIII T.. I
SYcf ns-or;dt;o,, XIX ' sbnu bs .,,.,s,.. ",g ~
of orS iii S.,sos. s,' b,,.';, ~ 1''o" r. thrt,,
seeayino Loar, ,rnd, T.; ,uch ~ n,,d,;1,;, R2ysny
Syis;i,o. NJ s~eh ,so.rL.,.s;S ' % :, "Je III NJ. me
ilas Of H. tr,r'5~,s 'o,P NJ ,a.h ~ "' n"soc;. "n
at;ors. >ach bor,os"sr cs,J .nrI o5i;1a-
NOON a ioat ord srcL o.,,ss, sL1u Jo"Sn h.
Hid to orr ,,ste ne s1cL bo,so.,'..
obiiooy or o-,s,,, Shay>EoISs,, NH ~,
ercSbtio,, of 6oyyosyrys. sj,an !, rrt;ti~S
to one Sote for sach fuHy Soid sIay-
fJ1 HOf'i1EPSS RS NJ SHAII III ELfi HIJE ShHST nNE
VOTE FOR FACH FPEE SHkRE.
HoLDER AccofINT ''AN
IoIP' BY.fIWS: copy avn Err.
ING.
Al HE z,yitt,n y>ou.,t of The D;,-rtox
a cobv of he br.Id,rr o,,a n,,, n,,,.,'J
ments thereto of an assoc;S.io,, cSyt;fsx
10 BE- a rue cobv burrmS.t ~ S,ct;on ," ~
p;yscto, s ,t,G ,,iGin t.s mS" re, Te rsS ~" & ms
y,oaSst' Wv "S'' " '"'"
i6fS. FJN1NcIzJ. STzTIuEvr
III. byrs;dc,t ~ .,,sy,, n,soe;a,;o,, ~ ~
If so byo1;dSd bv tbs b,.io,", ,o,,,s ~.
officer Neyeof. hail bySsayr or coyS. !.
be bvebayed annually a stat,m,nt ~ =.
financial condition 3, a form Sy.scy;brS
or atbyoyed by III, Diy,ctoy. uE;cE Xii
be Submitted at The dnnaai nrStiro of
the sLoyehoider, ard fIrd ,r;th;, ,",s,,,t!,
I2Oj dayr tbSy,aft.y NJ % ~. s.:sc;s., ..s
Office of the association IN he Statr
certified COPY of he statrn,,,t sLau i.
filed NTH he Diyretoy r,;tI;,, ,s,,.,,,,,
I10j days afte, tbs n,,.,.ci [ ..s.,;,
hs shareLoIdeys 4 statrwrnt ~ ~s,S,
ton of the association sLoU be- dsl;geyrX
to any member 4son yeouest, A GER.
Titled STATEMENT OF THE
SALARIES, FEES AND EXPENSE
ACCOUNTS PAID TO THE OFF.
GERS AND DIRECTORS OF THE
ASSOCIATION SHALL RE FIIED
WITH THE DIRECTOR At TLiT
SAME TINE THE STATEMENT OF
FINANCIAL CONDITION is FILED
AND SHALL BE MADE AWAIT.
ABLE BY THE DIRECTOR To All.
FREE SHARE ACCOUNT HOLM.
ERS UPON REQUEST. EVERY FREE
BE SENT NOTICE BY MAII. on
THE PLACE AND DATE OF THE
ANNUAL MEETING AT LEAST
TWENTY DAYS PRIOR THERETO
l6fT. MANAGEMENT. DIRECTORS.
Tie business and Affairs of eveyv dssocia.
tion OF this State shall be ,rdna0ed b. a
board of not less than fve Isl nor oioys
than fifteen (f5) directors. dH tls Vi.
ysetors shall be citizens OF he D,;,,d
States and TWO.THIRDS G5L,S on
SUCH DIRECTORS SHALL BE bora
fde residents of this STATE NON.,esdsnt
directors shall be dbbyoy<d b., he Boa,d
as qualified to ser.e as suck directors
I6fU. CONSOLIDATION: MERCER.
DISSOLUTION.
(a) Approvdl by Director. dnv ar.
socidtion shall haze bos0ey to consolidate
or merge with any other incoyborat,d
ASSOCIATIONS in This State as byoy;d,d by
this article for eorSoyations Eapiyge
eabitaI ,stock vbo. 6,st fj;.s
posed plan Of consolidation or m,yos,
uitb the Director aud securing his ds.
Pyosdl thereof. .4rv association of M,
State shall haze tie bo,rer 10 bartiaiiv
kqaiddte, dissoive or yeorsanise pursuant
to the Provisions of this dyticl, ssyta;r.
ing TO CORPORATIONS OF tEis sat-. aeon
first fling its PROPOSED bIar Of bort:.i
liquidation. dissolation or ysoyoarisa.;o..
Nth the Director and secuyiro hi, 6y;or
opprovnl thereof. Tie Director shall a..
bfo5e any plan OF consolidation. mryoer.
liquidation, dissolution or yeoy1a,t;-ai;o,,
filed icith him If he finds that III arv
resulting association meets all ySouiyS.
ments of this Article relating to The foy.
nation Of nesV associations. and ~ N,
plan is fair; and 80 the execution of
convenience aud advantage. The Dirsc.
tor shall publish the fact tldt a blan la,
been fled for at least ttro (2) saccessi1t
uesks after fliro in a nespsbabsy of osr.
rGl circulation ~ the city. form or
county in zchich the byinci6al oHr, Of
each association named IN he Sian I,
located, aud shall oive such other notice
as may be desirable. Ubon abbyoraI of
any Plan aforesaid. tb, Diytrtor rtrI
qaiyed By this article TO be fled ,pith tL,
State Department of Assessments and
Tdsdtion.
(b) AbbedI Any APPLICANT oy byot,e,.
ing association dooyie1,ed bv nuv nrt;o.
or non-dction of he Director Und,r Iii,
Section may appeal tkeyefyom IN oecoyd.
saes yith the appeal Provisions of S,e.
taox 18Th relating to orders.
1917. BRANCH OFFICES.
(a) Abbrot,aI bv Director No do,>,.
tic FEDERALLY OR STATE CHxP.
td;,t or ysIocatS o,,,, b,c.,L LsSs", os t. nia,h.
fling an application tIsr,foy % uish ' H.
Director ard securing his 6y;oy nbbvo,,1i
thereof. Any dbbiiedtion fov ne rs,1b.
ishment, mointenares or yrIoeat;or Of
branch Office shall state: III The SroboseS
location thereof. (2l tLs med fLs,sfor
(S) the functions 10 be- b,yfor,,S sJ~, III,
Is. ri S,s * .,t;,so,sS ~ Ss pu,yorTec , ane's.
thereof, agd (5) he n,od, Of so,,,.,'t
therefor. Such APPLICATION sLaH b, os.
proved BY the Director ~ h, fudr az.
the PROPOSED sstdbiisjusat. 1iaiut,raur,
or relocation of branch oH;cs nil bro.
mote the bablc interest. corgeuir,r. n,d |
Gdvantaoe and phetley surL byoscL 49,
uiH be efficiently obsyat,d ,u orco,J,.,c.
10ith the policy of fLis sub.tfle n. n.
rector shall bxbIish N, fart tL6, r'rb =.
APPLICATION has been Fled for NJ La, ,',s,
(2) Successive treeks oftey fEro q,
nesoJbdbey of general Circulation %, IN.
CITY, toseJ or county IN ,rIicL III. NJ.
posed branch Office is to b, Iocotrd 1,,S
shall qive such Other rotir, ns ,n5y b.
desirable. ANY FINANCIAL. IVSTT.
TUITION IN THE AREA IN WHICH
A BRANCH OFFICE rs PROPoSFn
TO BE LOCATED SHALL HAVE
THE RIGHT TO PROTEST THE
PROPOSED APPROVAL nv TUE
BOARD AND Shall, HAVE ruE
RIGHT TO BE HFAPD IN sIrTu
PROTEST.
To- dbtedl. Any dtblicaut ey b,o,,1.
ing association dooyies,sd bv arv or,;o..
OF Hon-Gction of The Director u,IS,, tb;,
Section may appeal therefrom 4, areoyS.
dnce uifh the dbbedf byo,,f,;ons 81 e.. |
tion 18Th yeiotino 70 oyds.s "
1917. PROHTBITFD TPIvS<r.
TONS.
(G) Loan 10 Officer. d;,,ctoy a, eat.
floyse II shall BE- ayla.rfaI foy n,, ~.
SocdtioH to MAKE a Ioar n o,., ~ -.
officers, directors or .mblo-r,, u, ~ 1..,
eoytordtion or business q, ,yk;-h 1,s,
officer, director or emblop,,. or nrr ,..u;.
brr of the family of sacL oHrey S;,rrtn,.
or employee, 0aHs Az interest Of ter ber