Identifier: appendixtojourna18954cali (find matches)
Title: Appendix to the Journals of the Senate and Assembly of the ... session of the Legislature of the State of California
Year: 1853 (1850s)
Authors: California. Legislature
Subjects: Legislative journals
Publisher: Sacramento : State Printing
Contributing Library: San Francisco Public Library
Digitizing Sponsor: San Francisco Public Library

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kland California Mutual Building and Loan Association—Los Angeles Mutual Building and Loan Association of Pomona Marin County Mutual Building and Loan Association—San Rafael The Loan and Building Association of Santa Barbara Visalia Building and Loan Association... Peoples Mutual Building and Loan Association—Bakersfield Oakland Building and Loan Association Standard Building and Loan Association—Oakland Republic Savings, Loan, and Building Association—San Francisco Total collection Balance from last assessment Deposit State Treasurer Cash on hand, credit next assessment $46 09 428 7722 6221 46 175 5047 4343 36 288 2912 2231 1747 90 161 00 91 31 46 04 8 46 19 94 38 3370 2883 73 39 3326 34 120 22 46 84 29 58 16 74 5 48 40 6829 6712 6324 9552 2816 69 5 15 $6,084 5391 24 P6,175 776,080 00 $95 77 In each case, on receipt of the amount of assessment, we have for-warded to the association paying the same, a license in the followingform: REPORT OF BUILDING AND LOAN ASSOCIATIONS. 19
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20 REPORT OF BUILDING AND LOAN ASSOCIATIONS. PLANS OF ASSOCIATION. Pursuing in part the method adopted by the Board of Bank Commis-sioners, which formerly exercised supervision over this department, wedivide Building and Loan Associations into three classes. We termthem the Locals, Nationals, and Cooperative Banks. The last namedclass were treated as unclassified by the Bank Commissioners. The Locals.—The distinguishing characteristics of the Locals are asfollows: 1. They generally confine their operations in loaning money to thecity or town or the immediate neighborhood in which they are organized. 2. The capital stock of Locals is generally represented by certificatesof a par value of $200 per share, with monthly payments of .$1 per share,and the stock is calculated to mature at from nine to eleven years. 3. The Locals defray their expenses from the earnings, and carry thebalance of the profits up to the credit of stockholders. 4. The Locals employ no agents to solicit business an

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