Sec.  636,  (added  by  lAapter  174,  acts  of  1691).  When  the  stock  in  any  series  shall
bave  reached  its  matured  value,  payment  of  dues  thereon  shall  cease,  and  all  of  the
stockholders  in  such  series  who  have  borrowed  from  the  association  shall  be  entitled
to  have  thenr  secmities  returned  to  them,  and  a  satisfaction  of  tho  mortgages  made
by  them  to  the  aBSoeistion ;  and  the  holders  of  free  shares  of  stock  in  such  series
shjill  be  paid  out  of  the  funds  of  the  association  the  matured  value  thereof,  with  such
I'^to  of  interest  as  shall  be  determined  by  the  bylaws,  from  the  time  the  board  of
(lirectera  ^aU  declare  such  share  to  have  matured  until  paid ;  but  at  no  time  shall
more  than  ose-third  of  the  reoeapts  of  the  association  bo  applicable  to  the  payment


600       RKPORT  OP  THE  COMMISSIONER  OF  LABOR.
of  matured  dbares,  irithout  tlie  consent  of  the  board  of  directors.    Tlie  order  oftfar
payment  of  tlie  matured  shares  shall  be  dolermined  by  tho  bylaws.
Sec.  637,  (added  by  chapter  174,  acts  of  1891).  Tho  moneys  in  tho  handa  of  thtf^
treasurer,  and  such  sums  os  may  be  borrowed  by  tho  corporation  for  the  parpo»e.
