Show BUILDING LOAN association incorporates articles of incorporation of the fidelity building loan association pin principle ciple place of business brigham C city ty have been tiled filed with tile the county clerk clerk the authorized capital is 00 of 0 which is already subscribed and 00 of 0 investment be sold at a guaranteed cost of 48 00 per share payable at the rate of 0 50 cents per share per month for a period of ninety six calendar months at which time the individual may with draw all payments so made together with eight per cent interest compounded genii annually which Is guaranteed or at its option he may leave it lie until the par value of per s share hare Is reached which can be redeemable dee mable lit in cash at the maturity ty 0 of f said shares the officers and directors of the association are as follows bash bishop geo W watkins walking presidents denti doctor ezra vice president N A macdonald see sec treas the gentl gentlemen e named with attorney win will J lowe and john B D Al mathias athias form ane directors the funds of the association will be loaned to members for the purpose of building or otherwise improving their property or on property already improved the loans are repayable rep ayabe monthly which payment includes in terest and principal thereby decreasing the principal each month for instance a monthly payment of 14 17 pays off a 1000 loan interest and principal by making 98 96 equal payments the borrower boi rower pays a total ot of 32 of 0 which 1000 00 is principal and 4 interest taking a straight loan of 1000 00 tor for eight years at 6 per cent total interest amounts to 00 where as shown by this plan total interest amounts to a saving of 23 28 A stockholder also has tile the privilege of taking stock in fit the association and by taking 10 shares of investment stock with his loa loan n of 1000 00 and thereon at the end ot of 96 months lie he has invested and receives a check front from the Ai association for 1000 at maturity of shares showing him a clear profit of 00 on his investment 1 and he has only paid 1 interest on his other words he has his loan of paid oft off and in cash at tile the maturity 0 oi his stock stack larger amounts are of course loaned by the association in tile the same arne s proportion nor does a stockholder ider have to be a borrower front from the association cia tion this is certainly a operative cooperative co plan arid and will aid very materially in the building up of 0 our city and will make a further inducement for people to come and make their homes with us therefore the success ot of this association is ot of great moment to us all and we should get behind it giving it our hearty endorsement and support outside concerns have been taking money in large amounts out ot of our city tor for years tor for the building up ot of other parts of the state that do not need the improvements so much as we do and it ishiah time that we should stop it liy by handling our own money tor for the de of Br Brig ighani liam city where we know the value of securities brigham city is the only city in the state ot of utah ot of its size that has not taken advantage 0 of the benefits derived from such a plan statistics compiled by the U S government show that building loan associations are the safest investments on earth under tinder state supervision and control this association is under tinder control of the state of utah examiner the plan has been in operation at ion tor for centuries and remains practically the same as when originated except tor for a few changes all tor for the better the logan building loan association organized years ago have built homes in that city and stock cannot bo be purchased even at a high premium the same can be said of provo which has a very successful association having matured four nurseries our series serles 0 of stock it Is not lot the plan of 0 a building sc loan association to build homes but only to furnish the money for their construction allowing the individual to get the best figures obtainable and the best home suitable to his personal needs and desires it Is worse than useless to further discuss the great need ot of increase in housing facilities this need is known to everyone and what should equally be known to all Is that it this peed need Is ia if A not supplied it will hold back the development of 0 our city to an all preable extent you are not too young nor arc you too old to start at getting a home of 0 your own |