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Home My WebLink About1896 r _ 3~. ( : - .L~8~31 ; Nv~cssa ; . • ~ 2429 ; FEDERAL SAVtNGS AND LOAN SYSTEM , ~ ~ CHARTER K ~R~~.~ ; 1. Corpornts t~itle. The fuU coi~wrate title entitled ae the holder oi a eavinga aooounk No ; oi the Federal aasociution hereby chartered is member, bowever. eh~ll cast more than 60 vot~. "Ci tizens Federal Savings and Loan Voting ~aay be by pro~q?. Atq? number oi mem• ~ ~ Association of St. Iucie County bera present at a reprular or special meeting of ! 2. O,~ice. The home ot~ce ahall be located at the membera ehall conatitute a quorum. A ma- - Fort Pierce, in the County of St. Iucie, jority oi all ~totes caat at any meeting of inem- t State of Florida. bere el~atl determine any question. The mem- 8. Ob~eeta and powera. The objecte of the v~?~ ~ yote at any meeting ~ association are to promote thrift by providing of the members ahaU be those owning savinga ; a convenient and safe method ior people to save accounta and borrowing membera of record on • ~ and inveat money and to provlde for the aound the boo]ce of the aseociation at the end of the ' . and economical flnancing of homea; and, in the calendar month next preceding the date of auch e aecomplishment o! such objects, it ehaU have meeting. The number o! votea which each : ' perpetual succeseion and power: (1) To act as member ahall be entitled to cast at any meetiag ~f . flacal agent of the United 3tates when desig- of the merabera ahall be determined frnm the ' nated for that purpose by the Secretary of the books of the aesociation as of the end of the ~ Treasury. uader auch regulations as he may pre- calendar month next preceding the date of such ; scr3be. and shall perforna all auch reasonable meeting. Thoae who were members at the end ~ duties as flscal agent oi the United 3tatea as he oi the calendar month neat preceding the date ~ ! may require aud to act as agent for any other oi a meeting of inembera but who ahall have ~ inatrumentality of the United 3tat~es when ceased to be membera prior to auch meetiug ehall designated for that purpose by any such in~tru- ~ not be entitled ta vote therea~ AU savings ac- : mentality; (2) To sue and be eued, complain counta shall be nonassessable. and defend in any oourt of taw or equity; (8) 6. Directora. The aeeociation ahall be under ~ To have a corporste seal, affixed by fmpriat, the direction oi a board oi directora oi not less ~ #acsimile or otherwise; (4) To appoint oflicera than 6 nor more than 16, as fixed in the associa- ' and agents as its businesa ahall require, and tion'e bylaws or, in the~ absence of any such allow them suitable oompensation; (6) To adopt bylaw provision, as irom time to time expresaly - ; bylaws not inconsistent with the Constitutioa determined by reeolution of the aesociation's - or lawa of the United Statea and rnles and regu- membera. Each director of the aseociation • lations adopted thereunder and this charter ; ehall be a member oi the aseociatton. and a di- (6) To raise ita capital, which shall be un- rector ahall cease to be a director when he ceases limited, by accePbnB PsYments on eavings to be a member. Directora oi the aesuciatlon ~ accounts representing ahare intereets in the ahall be elected by its member~ by ballot: Pro- aseociation; To borrow money; (8) To lend vided, That in the event of a vacancy in the di- and otherwise invest its funds; (9) To wind up rectorate, including vacanciea created by an and diasolve, merge. coneolidate, convert, or re- increase in the number of directora. the board ' organize; (10) To purchaae, hold. and convey of directore may flll euch vacancy, if the mem- , real and personal estate consistent with its ob- bers of the ae~ociation fail $o to do, by etecting jects, purposes, and powera; (lI) To mortgage a director to eerve nntil the next annual meeting or lesse any reat and persanat eatate and take of the membera Directore shall be elected for such prnperty by giit, dev~se. or bequest; and perioda oi 3 yeara and until their eucceasora are : (12) To exercise all powere conferred by law, elected and quali8ed, but prnvision ahall be ' In addition to the ioregoing .powers expresslq made for the election o! apprnidmately one- . enumerated, this aesociation shall have power to third oi the board o~ directora each year. do all thinga reasonably incident to the accom- 6. Withdrnwala. The aseociation aha11 have plishment oi its express objects and the per- the right to pay the witlidrawal value of ita sav- formance of its expresa powere. It ahall ings accounta at any time upon application eaercise its powers in conformity with all lawe theretor and to pay the holders thereof the with- o! the Unitcd 3tates as they now are, or as they drawal value thereoi. Upon receipt of a written may hereafter be amended, and with all rula request from any holder of a savinga account oi and regulationa which are not in conflict with the association !or the withdrawal irom auch ' thie charter now or hereaiter made thereunder. account of 811 or any part oi the withdrawal ~ 4. Membera. All holdera ot the aseociation'e value thereof. the aesceiation ahaU within HO . savings accounte and all borrowere therefrom days pay the amount requested ; Provided, That ~ ere membere. In tha coneideration oi all quea- if the easociation is unable to paq all with- tiona requiring acf.ton by the membera oi the drawala requested at the end o! 30 daye from the association, each holder oi a eavings account ~ date oi euch requests. it ahall then proceed in • ehall be permitted to caet one vote !or each ~l00. the iollowing manner while any withdrawal or fraction Lhereof, oi the withdrawal value oi request remaina unpaid fo~' more than 30 daya: his accoun~. A borrnwing member ahall be per- Withdrawal requeata ahall be paid in the order mitted, as a borrower, to caat one vote; and to received and if any holder of a savings account cast the number of votes to which he may be or acconnta haa requested the withdrawal oi 'I ~ r ~ • ~v ~ ..J~~ t~~ I~e.' ~ ti~ ~ . . i t • - ~ ~ _ r