Newspapers / Watauga Democrat (Boone, N.C.) / Dec. 31, 1925, edition 1 / Page 8
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ff:* V EIGHT X-?" 1 m QUESTION Wh.t u Building And Loan Aiscs ct.irtcd for the purpose c-f > and to Iwcomr ownei Q. What kind of an As Loan Association? The y tsar, of Boone, North Care out stockholder* or capita: -5,^ that ali profits from whale ment stock. 3| Q. W hat is the plan! T ~J( no capital stock. Therefore , cm an kiic 11?inc impure. They are strictly rnutua rectors arc stock holders. m n . =^1 Q. VVhdt is guaranteed Building and Loan. Associat share and share alike in a i7=| cally conducted and thai e .Jjj ed amonti the installment i f T)) Q. Are share holders .1 .3 But :n Building and L.oart word. Though that is unir Q. Are the books of t! ciation ever audited? A.V ded by the Insurance Drpa s 5# v Q. How many k*nds o Building and Loan Assoc-a L kinds. Paid up arid installn m ' ? Q Vv hat is meant by u is meant certificates issuet dollars or multiples there* m rent interest paid annually ~3f .each year. But these pa -S:' prcfih ir? ? xcrsj of six per =gi Q. Can paid up shares may be withdrawn si anv i rLj] order of application. Q. Why is this precauti because very little idle mc fast as possible in first m *Qj' venient to return the depot never taken as much as 1 - Lp, needed. rffi Q What entrance fee t A TU ? i. ZjiFO' represent inr? one Ktindrcd 1 -frT.i Q. What security have VS' A-TKe total assets of the ^|=. and carefully select? , Q- What i* meant by i "_;jj shares is meant shares for for in monthly inst&Ilmen Monday in each month i 71; Q What are the monl ~jji A.--One dcliat per month * dollars pec month carries ? Sri ' Q When can shares be jear, the first day of Jam snlj we endeavor to sell the bui Q Suppose a member I must be made at least on misses his payment he is t so loni? as he is in arrears. Q. Do 1 have to pay ta: -"*-*{ and Loan Association. A ? "Upl profit. ag ?$& *Q When a share holder 3fi)J draw or borrow? A?It is to 90 per cent, c.f the amc cent interest and then yoi ~?i. back if you can and at tl 3f8j force. 5jtJ| Q. Suppose the payme ^5J relief? A--Yei, you may any time ar.d take out a sra s| TT1 I a lie auuvc ai terested in be and we are of stock in this i f? ail =pi 3TJ-. fig 1 The Wat: |P B THE WATAUCA DEMOCRAT?EVE *531531' V '* -i'' 'riUPHJ ~!' 1 'ft?? -TJcf?JESUS*f? " ?;-*'CSUSSt ri^RF gi?5?pn'rBi^ ???iip -l5S*?s ^ ^ a Builiiinif and Loan Awocijiticn? A riation ik ? company organized and conenabling people to m#b-? Ayitcraalie mns of hoaii-i tsociition ik the Watauga Bui'dirg and iVataugn Building and Loan Auccift linn it purely mutual, organized withfttock, under obligation to no one, to ver tourer go to the holders of install Ik- Building and Loan Ansncution lut no stockholders to receive special ben. \ in every respect. A!) officers and dii by Building and Loan Associations? ions guarantee that members only shall 11 profits. That its affairs be economiv?ry cent cf profit shall be apportion* .hare holders ilso called stock holders ? Yes. also. Associations share holder is the proper important if understood. he Watauga Building and Loan Asso --Yes, by special auditors recommrnrtment of this State. f shares are issued by the Watauga lion of Boor.e North Carolina? A--two neiit shares. aid up shares ' A--Sv paid up shares ci to persons wishing to deposit fifty >f n n u 111.- K ( fi#-v riw ai?'u full iv.\? ? J J" on or before the first day of January id up shares do not participate in any cent be withdrawn? A--Yes, paid up shares imr upon on*- months notice and in the on taken? A--This precaution is taken mey is kept on hand. It is invested as origan*.** to that it is not always conits the same day notified. But we have ihirty davs on any withdrawal* when s charged to installment share holders? ;e nf fifty cent* per share each share dollars. . paid up and installment share holders? Association, consisting of first mort-d real estate. i n ailment shares? A-kiy installment rven hundreds of dollars but to be paid Is in advance on or before cht first ihiy payment* on installment shares? nrill carry one hundred dollars and ten one thousand dollars. taken out ? A?We open two series a ?ary and on the first day of July aud ik of our share* during these months. becomes in arrears? A--AI1 payments c; monthly in advance, if a member :harged five cents per share per week set on money in the Watauga Building No you do not. It is gross profit, is net needs a little money is it best to withbest to borrow as you can borrow up >unt paid in on your shares at six par ? have the privilege to pay this stock \e same time you: stock continues in nts become burdensome is there any withdraw all installment payment at laller number if you desire. e a few Questions answered which we h scorning stockholders of our Association fering prepaid or installment stock in an Aray and make systematic monthly payn iuga Building W. H. GRAGG, Seer 1 . * R> THURSDAY ?BOONK. N C. IATI6N 4 Q. When will installmrnt iharei matur? the monthly p*ymcnti together with the ci to ooe hundred dollar* per share but shoul eight to eighty months. Q. How much profit would this show o Approximately twenty dollars. Q. What rate of interest does this profi than six per cent. Q. What are the assets of the Watauj ?f A ax 1 ? r.?near ly aaUU.uW.W Ilk 111 title* guaranteed by attorneys and with all ! insurance and with all loans recommended said Association. Q. Is dur care exercised in valuing prop A. As the directors are all stockholder any loss, they are exceedingly careful to rs uation. therefore the assets o! the Wataui Association are or the very highest cbsrst safety and profit to its memb-rs. IT SEEMS VERY EVIDENT THAT BUILDING AND LOAN ASSOCIATIO! a GREATEST INDUCEMENT TO PEOPI EY TO INVEST EITHER IN PAID UP 6 PER CENT OK INSTALLMENT SHAR 6 PER CENT, BUT DOES IT OFFER A TO THOSE WHO WISE TO BUILD F NOT ABLE TO PAY CASH FOR THEI LY THE CHEF OBJECT OF THE WA" AND LOAN ASSOCIATION AND THE ATTRACTIVE Q Plea<e explain. A--The W AUga Bu ciation lends monry with which to build a h< R?g? and allowing the member* to repay th ty installment*. Q- What will be the monthly intlallmen A. $15 per month. Q. Does this include interest on the mm Q. What rale of interest is charged? Q. For how long a time? A--Until youi cancels the debt and clears the property, a about six and one half years. Q. Can the amount cf a loan be reduce? stallment payments? A?Certainly, by payi hundred dollars a t one time; then the. ir?t? paid stops, which reduces the monthly pa; Q. Can the loan be paid in full at any Q. Can payrnenu be made lets frequer Ym, they can be made monthly or quarter they are paid monthly in advance. Q. Can a loan be obtained on any oth curity? A?No, except on shares in the As? Q Suppose I have no lot on which to no money? A-In this case you have no obtain a loan. Q. Then how can I ever become a horn way we can assist you is for you to take i and carry them until you have paid enough a lot. Q. Why is it better to borrow from th Loan Association than a straight Loan fr< If you borrow from such a source you wi some time in one lump sum which you wo: in some manner, and you may fail; while it and Loan Association v ou reoav the loan, li comparatively easy. Q. After a loan i* obtained, can payr fore the tbarei mature? A--Not if install paid promptly, when due. lope will be of some help to those who rr t. The tenth series of our Association is iy amount from fifty dollars up. Why not nents . a s ^ m A. ; CNL &?ucan etary and Treasurer ^iaogtiauaugB3^a[ign^miauSiiieiuensiui3ueiucaua uqii XT<aJTi?r?isi^fen^nfe?iT&Tfcin&r03Tli^JSni^iTfer33f^3nt?i^Sruaru ?n? p?Ct-'M)ii:K M. 1825. ^ S * i i ? ! ?) u Hip ?9 g I s? A Just At loon At -edited profits amount ^]q d be in about seventy ?-^ niC ? n my i?r?ttnent ? A? t represent? A--More :JnC| H [a Building and Load \ at mortgages with alt [Oci loans protected by fire ! by two director* of ^ ?riy offered for loan? a and would sJKare ici m no riak of over-raJ- ^ fa Building and Loan tinj tcr, assuring absolute THE WATAUGA ^ V OFFERS THE :g| .? HAVING MON- j?| SHARES. PAYING p] ES PAYING OVER g?j NY INDUCEMENT gS IOMES WHO ARE p= 17 THIS IS REAL- fi|j TAUGA BUILDING ftS PLAN IS VERY lilding and Loan A*so- uS ?me, taking firm mortic loan in easy mcntk- cj^J t on S10Q0 burrowrd I tey borrowed? A--Yes. ) P A--6 per cent. r shares mature, which ;^ji| nd which should be in i other than by the Si ng any number of one bn: frest on the amount so V ments. :[[]? 1 time? A - - Yes. jOr' 5fjl itly than monthly ? A? "5Jt ly, in fact any way so & er than real estate se- fQp? uciation. dfi lp build a home and have rtfj* collatcal and could not - nwn^r' A..Tkr ..nit orne !nst?l!inent iharet gn] i on your &Karr? to buy ic Watauga Building dc 'J3y> >m other sources? A? '3Tt I 11 have to pay the loan ^ aid have to accumulate 'juc"' i the Watauga Building 'Sesi ke paying rent and it is rW nenIs be demanded be- jHpp Iments and interest are fife) light be in- ? now open ? : take some |p sociation 1 ?j? :?=iirL Hag gyB ?? rjg
Watauga Democrat (Boone, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 31, 1925, edition 1
8
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