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00 Dues capital Account with Dues accumulated Amount of dues Amount of expenses Amount of profits ASSETS BALANCE SHEET OCTOBER capital all series Cash in hands CO-OPERATIVE BANK corporation credited to shares Date of examination DATE OF ISSUE Dues and Profits dues received ending Oct eral ledger examination by commissioner Forfeited share account Guaranty fund hands of treasurer July June Largest loan Largest number LIABILITIES Loans on real Loans on shares loans secured March members withdrawn month mortgage of real Names of security number of borrowers Number of loans Number of members number of non-borrowers Number of shares paid in advance Permanent expense account Present number President Profits capital profits credited real estate Reconciliation of Share Regular meetings Secretary security committee Sept shares held Shares in Force shares issued shares now borrowed shares withdrawn SHEET OCTOBER 31 Smallest loan Surplus Unpaid dues Value per Share
Page xxiv - ... loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale...
Page xxiii - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 247 - Any such association may purchase at any sale, public or private, any real estate upon which it may have a mortgage, judgment, lien, or other incumbrance, or in which it may have an interest ; and may sell, convey, lease, or mortgage the same at pleasure to any person or persons.
Page 247 - That at no time shall more than one-half of the funds in the treasury of the corporation be applicable to the demands of withdrawing stockholders, without the consent of the board of directors, and that no stockholder shall be entitled to withdraw, whose stock is held in pledge for security.
Page 247 - The treasurer shall dispose of and secure the safe keeping of all moneys, securities, and property of the corporation, in the manner designated by the by-laws...
Page 247 - Any corporation organized under said chapter one hundred and seventeen may provide in its by-laws that the bid for loans at its stated monthly meeting shall, instead of a premium, be a rate of annual interest upon the sum desired, payable in monthly instalments. Such bids shall include the whole interest to be paid, and may be at any rate not less than five per centum per annum.
Page 247 - ... another, the name and residence of the person for whom such share or shares are held shall be disclosed; and the account shall be kept in the name of such holder as trustee for such person ; and, if no other notice of the existence and terms of such trust has been given in writing to the corporation, in the event of the death of the trustee, such shares may be withdrawn by the person for whom such deposit was made or by his legal representatives.
Page 247 - At each periodical distribution of profits, the directors shall reserve as a guaranty fund, a sum not less than one nor more than five per cent, of the net profits accruing since the next preceding adjustment, until such fund amounts to five per cent, of the dues capital, which fund shall thereafter be maintained and held; and said fund shall be at all times available to meet losses in the business of the corporation from depreciation of its securities or otherwise.
Page xxv - ... day of December in each year, specifying the different kinds of its liabilities and the different kinds of its assets, stating the amount of each, together with such other information as may be called for.