Excerpt from Banking and Building Association Laws of the District of Columbia: Compiled Under the Direction of the Comptroller of the Currency, December 1, 1916 Stat' L 12991 from time to time shall be offered to such shareholder or shareholders as shall bid the highest premium for prefer ence or 'priority of right to an advancement of the ultimate value O one or more of his or their respective shares. The said premium shall consist of a percentage on the amount of the advance and shall be deemed to be a consideration or bonus paid by the shareholder for the present and im mediate use and possession of the future or ultimate value Of the share so advanced, and shall not be deemed usuri ous. The said premium may either be deducted in ad vance from the amount to be advanced to the shareholder or be made payable in monthly installments, in addition to legel interest on the sum advanced, as the by-laws may provl e. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.