Amendments to the Code of Civil Procedure; Also, Amendments to the Code of Criminal Procedure and Penal Code
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1883 edition. Excerpt: ...thereon, as a collateral security for the repayment of the loan; or, in lieu of the mortgage, the borrower, or another, may transfer and pledge to the association, for the payment of the loan, unpledged shares, the withdrawal value of which under the by-laws, at the time of such borrowing, shall exceed the amount borrowed and interest thereon for six mouths. If the borrower neglects to offer security satisfactory to the board of directors, within the time provided by the by-laws, his right to the loan shall be forfeited, and he shall be charged with one month's interest, and all necessary expenses incurred, if any, under the by-laws, in reference to his proposed loan. All bonds and mortgages given to the association shall be deemed conditioned upon the performances of the provisions of this act relating to the repayment of loans and interest, thereon, and the by-laws of the association, although the same may not be fully expressed therein. A borrower may repay a loan, and all arrears of interest and fines thereon, or one share thereof, that is, the sum of two hundred dollars, at any stated monthly meeting, or at any other time, but when not made at a stated meeting, he shall pay interest up to the first monthly meeting after such payment. He may repay his loan in full, thereby relievlflg his shares from liability upon the pled e thereof, made to the association, or he may, by a proper notice an direction as to the appli&l1f have the vithdrawal value of the shares borrowed upon, applied 1" payment or part payment of his loan. 11. Whenever any member shall be six months in arrears in the payment of his dues upon unpledged shares, the secretary shall give him notice thereof in writing and a statement of his...
- 189 x 246 x 11mm | 372g
- 13 Sep 2013
- United States
- black & white illustrations