Stock dividends

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Monograph

Identifikator:: 879455993

URN:: urn:nbn:de:zbw-retromon-3116

Document type:: Monograph

Author:: Fellner, Friedrich http://d-nb.info/gnd/171029097

Title:: Das System der Rentengüter und seine Anwendung in Ungarn

Place of publication:: Berlin

Publisher:: Puttkammer & Mühlbrecht

Year of publication:: 1905

Scope:: 1 Online-Ressource (VII,177)

Digitisation:: 2017

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweiter Theil. Die Regelung des Rentengutsystems im Auslande

Collection:: Economics Books

APPENDIX 137 received, worth, upon cash appraisement, at least double the amount of money loaned thereon. And the borrower shall at his own expense, or the bank shall at the expense of the borrower, keep the buildings upon said property insured in some good and solvent company, to the amount of one half of their cash value, for the benefit of the Freedmen’s Savings and Trust Company. The other half they shall invest in United States bonds, or keep on deposit in some national bank such sums as may be necessary to meet current payments. Sec. 2 . . . it shall be the duty of said trustees and officers of said company to collect, as speedily as may be done without prejudice to the interest of the depositors, all sums of money by them loaned upon real estate outside of the States from which received; and when collected, and as the same may be collected, they shall loan such funds as directed in the first section of this act. Sec. 3 . . . when it shall appear that the interests of the depositors may require it, it shall be lawful for the trustees of the corporation, by and with the advice and consent of the Secretary of the Treasury, at any time to close any of the agencies or branches of the corporation paying to the depositors of such agencies or branches a pro rata amount of the principal and interest which may be due them and also a ratable proportion of any surplus which may have accumulated under the provisions of sec- tion eight of this act. And whenever it may be deemed advisable, or when so ordered by Congress, the general business and affairs of the corporation shall, in like man- ner, be closed up by the trustees of the corporation, as provided for in section seven herein. Sec. 4 . . . said trustees and officers of said company shall not loan to any person or company at any time more than ten thousand dollars of the funds of said trust company. Sec. 5 . . . every officer, clerk, or agent of the company who shall embezzle, abstract, or wilfully misapply any of the money, funds, or credits of the company, issue or put forth any pass-book, certificate of deposit, or other evi- dence of indebtedness, draw any order, bill of exchange,

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