Evening Republican, Volume 19, Number 278, Rensselaer, Jasper County, 23 November 1915 — B. & L ASSOCIATION ELECTS DIRECTORS [ARTICLE]

B. & L ASSOCIATION ELECTS DIRECTORS

B. F. Fendig, Geo. A. Williams, Geo. E. Murray, T. M. Callahan and Geo. H. Healey Chosen.

About forty of the stock subscribers to the new building and loan association met aKthe east court room Monday evening and after adopting the name of the Rensselaer Building, Loan and Sawngs Association and deciding tp capitalize for SIOO,OOO, chose the following directors: B. F. Fendig, Geo. A. Williams, Geo. E. Murray, Geo. H. Healey and T. M. Callahan. The articles of association were read, adopted and signed. The meeting was a very good one and assures the hearty approval of the public in the enterprise. There was a decided tone in favor of making it a community enterprise for the purpose of encouraging thrift and making home building possible for those who desire to own their own homes, paying them out in reasonable installments. Among those who were present were several who were members of the old serial association and a number of whom had built homes or started in business as a result of the saving thus made.

This Tuesday morning the directors met and organized by electing B. F. Fendig president, T. M. Callahan vice-president, Ray D. Thompson treasurer, Delos D. Dean secretary, George A. Williams attorney. President Fendig appointed a by-laws committee composed of Delos D. Dean, George A/Williams and George H. Healey. It is probable that the by-laws will provide for two or three different kinds of stock, possibly adopting a •plan that has proven a great success at Ladoga and providing for weekly payments as small as 25 cents. As soon as the by-laws are framed a general meeting of stockholders will be called to approve them. In the meantime stock subscriptions will be taken by the secretary, Delos Dean, and it is urged that all who feel that they can do so, subscribe for some stock. The desire is to be able to accommodate as many borrowers the coming year as possible.