Athens County Savings & Loan Company stock offer described
The Athens County Savings and Loan Company presents its purpose to provide safe deposits and fair returns while helping moderate income earners to build or buy homes. It explains stock features including withdrawal rights, 90 percent loan options, and the ability to sell subscriptions above cost. Ohio regulation and strong mortgage investment frame the enterprise.
MENTIONED IN THIS ARTICLE
Savings and Loan Association
James J. Daves
Secretary of
Labor
Savings and Loan
Encylopedia Barittannica
Building and Loan Association
International
Athens
Athens County
Athens County Savings and Loan Company Stock Offers 7 Percent Dividends
The Athens County Savings and Loan Company promotes its cooperative model with a $1,000,000 capital, stock at $100 per share, and a 7 percent dividend. A $67 cash payment per share completes payment, with voting limited to 20 shares and full representation for all stockholders.
MENTIONED IN THIS ARTICLE
Athens County Savings & Loan Company
Ohio
Savings and Loan Associations
Athens County Saves & Loan Company
Advantages of joining a structured monthly deposit plan
The program offers all the benefits of a systematic monthly savings deposit with higher interest. It is superior to a regular savings account because the larger return accelerates growth and the monthly obligation encourages consistent saving by committing to a fixed amount each month.
Provisions on Loans and Pay in Association By-Laws
The constitution and by laws prohibit lending funds on securities except real estate first mortgages, a depositor’s pass book, the company stock, or municipal or U.S. bonds. No officer or director is salaried except the Secretary and office assistants.
MENTIONED IN THIS ARTICLE
United States
The Company Expands Capacity Through Its Members
This company unites many members and depositors to multiply strength and resources. Small deposits from numerous members collectively finance the building of hundreds of homes.
Building and Loan Associations praised by Hoover Calder and Prough
John W Prough asserts no losses in Ohio Building and Loan Associations in 30 years and no failures in 19 years. Herbert Hoover lauds associations as true people's banks promoting thrift. Senator Calder calls Savings and Loan bodies key to solving the house shortage by financing home building and thrift.
MENTIONED IN THIS ARTICLE
Ohio Savings and Loan Associations
Department of Building and Loan Associations
John W Prough
Building and Loan Associations of
Ohio
Herbert Hoover
United States
William Calder
Senate Housing Committee
Savings and Loan Associations
Also Mentioned on This Page
State Department of Building and Loan Associations
The
County Savings & Loan Co
Athens, Ohio
Chas. O. Moore
H. T. Phillips
Frank E. Goldsberry
A. E. Whaley
H. S. Siigley
H. T. Mulligan
Bart Davidson
John J. Woolley
Chas. Bethel
P. E. Hixson
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