Annual Report ... on the Conditions of the Wisconsin Building and Loan Associations of Wisconsin ..., Volume 3

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Banking Department, 1900 - Savings and loan associations
 

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Page 172 - State or country so long as such laws continue in force, the same obligations and prohibitions of...
Page 162 - When the stock in any series shall have reached its matured value payment of dues thereon shall cease and all borrowers in such series shall be entitled to have their securities cancelled and returned to them.
Page 162 - ... that at no time shall more than one-half of the funds in the treasury be applicable to the demands of withdrawing members without the consent of the directors. The directors may...
Page 171 - The plaintiff, for each process so served, shall pay to the bank examiner, at the time of such service, a fee of two dollars, which shall be recovered by the plaintiff as a part of the taxable costs if he prevail in the suit. The...
Page 164 - If the borrower neglects to offer security satisfactory to the directors within the time prescribed by the by-laws, his right to the loan shall be forfeited, and he shall be charged with one month's interest...
Page 169 - The deposit to be made with the state treasurer by any foreign association may consist of bonds or treasury notes *of the United States...
Page 163 - 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...
Page 175 - ... 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...
Page 162 - A member may withdraw his unpledged shares at any time by giving thirty days' written notice of such intention, and shall then be entitled to receive the amount of dues paid in by him, and such proportion of the profits as the by-lawa may prescribe, less all fines, charges and losses accrued or contingent to the time of the notice of withdrawal, as the board of directors may determine, with no...
Page 164 - ... shall give him notice thereof in writing, and a statement of his arrearages, by mailing the same to him at the last...

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