Excerpt from First Annual Report Relative to Building and Loan Associations: Fiscal Year Ending July 1, 1896
The decree of the court below dismissing complamamt's bill will be overruled, and a decree entered in this court authorizing him to pay the mortgage at present on the basis of the by-laws as represented, unless the defendant shall elect within 30 days to take its moneys at the rate of 7 per cent per annum from the time the loan was made, deducting pay ments made, as the complainant offers to do in his bill; but no interest will be computed from the date of the tender, as the tender was sufficient to meet the amount unpaid on the mortgage at that date. Complait will recover costs of both courts.
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Paperback. Condizione: New. Print on Demand. This book presents a comprehensive overview of building and loan associations as they existed in Michigan from 1887 to 1896. As a type of cooperative financial institution, the purpose of building and loan associations was to provide working-class communities with affordable housing by facilitating loans to individuals who would otherwise not qualify for traditional bank loans. The author provides a detailed analysis of these associations, including their assets, liabilities, and operations. The book also examines the legal framework governing building and loan associations in Michigan, including the Michigan building and loan association law and relevant court cases. The insights provided in this book contribute to a deeper understanding of the role of building and loan associations in the financial landscape of the late 19th century in Michigan and their significance in facilitating homeownership for working-class families. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781331998396_0
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781331998396
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Da: PBShop.store UK, Fairford, GLOS, Regno Unito
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781331998396
Quantità: 15 disponibili