Annual Report ... on the Conditions of the Wisconsin Building and Loan Associations of Wisconsin ..., Volumen2

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Banking Department, 1899

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Página 128 - State or country so long as such laws continue in force, the same obligations and prohibitions of...
Página 119 - ... of the receipts of the association be applicable to the payment of matured shares, without the consent of the board of directors. The order of payment of the matured shares shall be determined by the by-laws. x
Página 118 - When the stock in any series shall have reached its matured value, payment of dues thereon shall cease, and all...
Página 128 - The name building and loan association, as used in this chapter, shall include all societies, organizations or associations doing a saving and loan or investment business on the building...
Página 125 - No mutual building and loan association, or company, association, or corporation, organized under the laws of any other state or territory, to carry on a business of a like character to that authorized by this title, shall be allowed to do business, or to sell their stock in this state, without first having deposited with the state controller, or secretary of state...
Página 118 - ... charges and losses accrued or contingent to the time of the notice of withdrawal, as the board of directors may determine, with no...
Página 125 - ... and upon such deposit being made the state treasurer shall issue a certificate therefor, and thereupon the bank examiner may issue his certificate of authority to said association to transact business in this state.
Página 119 - ... shall be offered for loan in open meeting, and the stockholder who shall bid the highest premium for the preference or priority of loan shall be entitled to receive a loan of...
Página 119 - For every loan made a non-negotiable note or bond, secured by mortgage upon real estate situated in the county where such association is located, unincumbered except by prior loans of such association, shall be given, accompanied by a pledge to the association of the shares borrowed upon ; provided, that any association heretofore organized may make loans upon res!
Página 131 - ... shall be deemed guilty of a misdemeanor, and upon conviction thereof, shall be punished by a fine of not less than one hundred dollars nor more than five hundred dollars, or by imprisonment in the county jail not less than three months nor more than one year, or by both fine and imprisonment, in the discretion of the court...

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