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.... Public Documents of Massachusetts - Page 247by Massachusetts - 1894Full view - About this book
| Massachusetts. Attorney General's Office - Attorneys general's opinions - 1915 - 396 pages
...to a loan shall be decided by the priority of the approved applications therefor. Such bids or rates shall include the whole interest to be paid and may be at any rate not less than five per cent per annum. of the president, shall be valid, and shall not impair or otherwise affect the existing... | |
| Massachusetts - Law - 1884 - 238 pages
...rate mlnmn. of annual interest upon the sum desired payable in monthly instal- in. •'"•'' ments. Such bids shall include the whole interest to be paid,...rate not less than five per centum per annum. SECT. 3. This Act shall take effect upon its passage. May 25, 1882. CHAPTER 252. AN ACT RELATING TO THE CONSTRUCTION,... | |
| Massachusetts. Bureau of Statistics - Labor laws and legislation - 1886 - 62 pages
...chapter may provide i882. ssip § 2in its by-laws that the bid for loans at its stated monthly meetings shall, instead of a premium, be a rate of annual interest...any rate not less than five per centum per annum. ceived by the corporation as a profit on the capital invested in the loan, and shall be distributed... | |
| Massachusetts. Division of Banks and Loan Agencies - 1886 - 538 pages
...monthly meetings shall, instead of a premium, be a rate of annual interest upon the sum desired, paj-able in monthly instalments. Such bids shall include the...rate not less than five per centum per annum. SECT. 11. Premiums for loans shall consist of a percentage Premiums. charged on the amount lent in addition... | |
| United States. Bureau of Labor - Labor - 1894 - 732 pages
...its bylaws that the bid for loans at it« stated monthly meetings shall, instead of ap rein in in, be a rate of annual interest upon the sum desired...any rate not. less than five per centum per annum. ACTS OF 1885. 121. SKC. 2. At each periodical distribution of profits, the directors shall reserve... | |
| Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 pages
...cent, per annum until his shares reach the ultimate value of two hundred dollars each, or the loan lias been repaid ; and when said ultimate value is reached,...annum. SECT. 13. For every loan made, a note secured by first mortgage of real estate shall be given, accompanied MSI.JTI, f by a transfer and pledge of the... | |
| New Jersey. Bureau of Industrial Statistics - Industries - 1889 - 684 pages
...rate of annual interest upon the sum desired, payable in monthly installments. Such bids shall inolude the whole interest to be paid, and may be at any rate not less than five per centum per annnm. 12 Premiums for loans shall consist of a percentage charged on the amount lent, in addition... | |
| Massachusetts. Dept. of Labor and Industries. Division of Statistics - Massachusetts - 1891 - 714 pages
...seventeen mav provide in its bv-laws that the bid for loans miumfl. at its stated monthly meetings shall, instead of a premium, be a rate of annual interest...any rate not less than five per centum per annum. Security. SECT. 13. [An amended by Chan. 159, Acts of 1889. ~\ 1877 '224 58 iKgiJ27iisi| For every... | |
| Massachusetts. Division of Banks and Loan Agencies - 1894 - 308 pages
...borrowed upon, shall, in addition to his dues and monthly premium, pay monthly interest on his loan at the rate of six per cent, per annum until his shares reach...first mortgage of real estate situated in this Common- issil 2:1; § i, wealth shall be given, accompanied by a transfer and iss9, 159. pledge of the shares... | |
| Connecticut. Bureau of Labor Statistics - Connecticut - 1894 - 414 pages
...instead of a'premium, be a rate of annual interest upon the sum desired, payable in monthly installments. Such bids shall include the whole interest to be paid,...any rate not less than five per centum per annum. Security. -^or every loan made, a note secured by first mortgage of real estate situated in this Commonwealth... | |
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