A Treatise On Co-Operative Savings And Loan Associations : Including Building And Loan Associations, Mutual Savings And Loan Associations, Accumulating Fund Associations, Co-Operative Banks, Etc : With Appendix Containing Laws, Precedents, And Forms

Cover A Treatise On Co-Operative Savings And Loan Associations : Including Building And Loan Associations, Mutual Savings And Loan Associations, Accumulating Fund Associations, Co-Operative Banks, Etc : With Appendix Containing Laws, Precedents, And Forms
A Treatise On Co-Operative Savings And Loan Associations : Including Building And Loan Associations, Mutual Savings And Loan Associations, Accumulating Fund Associations, Co-Operative Banks, Etc : With Appendix Containing Laws, Precedents, And Forms
Seymour Dexter
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PREAMBLE.
We, whose names are hereto subscribed, under the pro- visions of the laws of the State of New York, and especially an act entitled ** An act for the incorporation of building, mutual loan, and accumulating fimd association,^' passed April 10, 1851, and the acts amendatory thereof, do hereby associate ourselves and form an incorporate association lor the purposes named in section 1 of said act, viz., for the pur- pose of accumulating a fund for the purchase of real estate, the erection
... of buildings, or the making of other improve- ments on lands, or to pay off incumbrances thereon, or to aid its members in acquiring real estate, making improvements thereon, removing incumbrances therefrom, and for the further purpose of accumulating a fund to be returned to its members who do not obtain advances as above mentioned, when the funds of such association shall amount to a certain sum per share to be specified in the articles of association ; and we do hereby adopt the following articles of association Digi tized by Google ORGANIZING UNDER NEW YORK ACT OP 1851.

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