Sec.  363.  Any  association  of  not  less  than  five  persons,  hereafber  incorporated
under  the  laws  of  this  state,  which  shall  be  organized  within  this  state  for  the  pur-
pose of  raising  a  fund  by  the  collection  of  dues  or  stated  payments  from  its  mem-
bers, to  be  loaned  among  its  members,  shall,  in  furtherance  of  such  purpose,  and
after  having  complied  with  the  requirements  of  this  act,  be  authorized  and  empow-
ere<l  to  levy,  assess,  and  collect  from  its  members  such  sums  of  money,  by  rates  of
stated  dues,  fines,  interest  on  loans  advanced,  and  premiums  bid  by  members  for  the
right  of  precedence  in  taking  loans,  as  the  corporation  may  provide  for  in  its  consti-
tution or  bylaws,  also,  to  acquire,  hold,  and  convey  all  such  real  estate  and  personal
property  as  may  be  legitimately  pledged  to  it  upon  said  loans,  or  may  otherwise  be
transferred  to  it  in  the  due  course  of  its  business  (subject,  however,  to  the  limita-
tions hereinafter  named).  The  words  'Moan  and  building  association, '^  ''building
association,*' or  "building  and  loan  association''  shall  form  part  of  the  corporate
name  of  every  such  corporation.
